The York Water Company YORW

Competitive advantage analysis · utilities

Regulated Utilities
Overall moat score
62/100
Moderate

About The York Water Company

The York Water Company impounds, purifies, and distributes drinking water. It owns and operates three wastewater collection systems; twelve wastewater collection and treatment systems; and two reservoirs, including Lake Williams and Lake Redman, which hold approximately 2.5 billion gallons of water. The company operates a 15-mile pipeline from the Susquehanna River to Lake Redman; and owns satellite groundwater systems in … Full YORW analysis →

Competitive advantage assessment

Key strengths

  • Strong Regulated Margins Regulated margin level is strong (score 0.85), indicating favourable rate-case outcomes.
  • Strong Operating Cash Generation Operating cash generation is strong (score 0.69), supporting dividend sustainability.

Key risks

  • Deteriorating Operational Efficiency Efficiency trend is negative (score 0.08), which warrants monitoring.
  • Weak Return on Invested Capital ROIC is weak vs peers (score 0.39), raising capital efficiency concerns.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

Upgrade to unlock the signals and evidence behind each defense.

Premium access

Unlock full defense analysis

Get key signals, strengths, and risks for every moat dimension.

Upgrade to Premium Unlock all moat defenses and evidence.

Regulatory Franchise

Moderate
74

Where YORW ranks in Utilities - Regulated Water

The York Water Company ranks #6 of 15 scored companies in Utilities - Regulated Water by moat score — the top 40%. The widest moat in the group is American Water Works Company, I (AWK) at 72/100.

Moat scores for companies ranked near YORW in Utilities - Regulated Water
# Company Moat score Rating
2 Artesian Resources Corporation ARTNA 70/100 Moderate
3 Essential Utilities, Inc. WTRG 69/100 Moderate
4 American States Water Company AWR 67/100 Moderate
5 Middlesex Water Company MSEX 63/100 Moderate
6 The York Water Company YORW 62/100 Moderate
7 Companhia de saneamento Basico SBS 58/100 Moderate
8 Pure Cycle Corporation PCYO 52/100 Moderate
9 California Water Service Group CWT 49/100 Developing
10 Aris Water Solutions, Inc. ARIS 48/100 Developing

See every Regulated Utilities company ranked by moat score →

How YORW scores on the Regulated Utilities defenses

Regulatory Franchise

Score 74 · 25% of the moat score

The franchise is the moat, granted rather than earned: an exclusive right to serve a territory in exchange for regulated prices and an obligation to supply.

Rate-Base Return Quality

Score 63 · 20% of the moat score

A utility earns an allowed return on the capital invested in its network, the rate base.

Dividend Sustainability

Score 78 · 18% of the moat score

Utilities are owned largely for income, and the dividend is only as safe as the operating cash flow behind it.

Capital Structure Discipline

Score 21 · 17% of the moat score

Regulated utilities carry more debt than almost any other sector, which suits how predictable their revenue is but makes credit quality a core competitive asset.

Operational Efficiency

Score 35 · 12% of the moat score

Efficiency is unusually consequential under regulation.

Essential Service Resilience

Score 71 · 8% of the moat score

Electricity, gas and water are bought in a recession at close to the volume bought in an expansion, which is why utility revenue barely tracks the economic cycle.

How each Regulated Utilities defense is measured, in full →

Understanding YORW's moat

What is The York Water Company's moat score?

The York Water Company (YORW) scores 62 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #6 of 15 scored companies in Utilities - Regulated Water, the top 40%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 14 companies in Utilities - Regulated Water. Its strongest defense is Dividend Sustainability (78/100) and its weakest is Capital Structure Discipline (21/100).

How does The York Water Company compare with other Utilities - Regulated Water companies?

The York Water Company ranks #6 of 15 scored companies in Utilities - Regulated Water by moat score. The widest moat in Utilities - Regulated Water is American Water Works Company, I (AWK) at 72/100. The companies ranked closest are Middlesex Water Company (MSEX) at 63 just above it and Companhia de saneamento Basico (SBS) at 58 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Regulated Utilities in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 14 companies in Utilities - Regulated Water. The defenses are then weighted to produce the overall score out of 100.

Why is The York Water Company scored with the Regulated Utilities template?

A regulated utility is a legal monopoly whose prices are set by a regulator rather than by a market. It cannot raise prices at will and it cannot be undercut, so most of the usual questions about competitive advantage barely apply. What matters is the quality of the regulatory bargain: whether the company earns the return it is allowed, funds its capital programme cheaply, and sustains the dividend investors own it for.

Which competitive defenses are measured for The York Water Company?

The Regulated Utilities template measures 6 defenses, and YORW scores: Regulatory Franchise (74), Rate-Base Return Quality (63), Dividend Sustainability (78), Capital Structure Discipline (21), Operational Efficiency (35), Essential Service Resilience (71). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

Send Feedback
Please select a category.
0/1000