Moat Claims
01Each claim combines strength (1–5), durability (fragile / medium / durable), and confidence (1–5). The average across claims sets the segment base.
WIDE MOAT STOCKS & DURABLE COMPETITIVE ADVANTAGES
VOL. XCIV, NO. 247
Checking
Wide Moat Stocks Ranking
Public companies with durable competitive advantages, ranked and organized by moat type.
This list highlights wide moat stocks and companies with durable competitive advantages. We categorize moats into network effects, switching costs, regulated rails, data lock-in, and physical network density. These advantages are often called economic moats in fundamental analysis.
This is not financial advice.
New to economic moats?Explore 46 moat types across 5 domains: supply, demand, network, legal & financial.
Learn more →Ranked Wide Moat Stocks Database
Showing 1-30 of 384 companies
| VRSN |  | TechnologySoftware - Infrastructure | 100 | $27.1B | 88.4% | 67.9% | 50% | Monopoly | Legal | Concession License | Strong | |||||
| 2330 |  | TechnologySemiconductors | 100 | $1.9T | 61.9% | 53.3% | 47% | Quasi-Monopoly | Supply | Capex Knowhow Scale | Strong | |||||
| V | | FinancialsFinancial - Credit Services | 99 | $629.2B | 81.3% | 61.1% | 51.7% | Oligopoly | Network | Two Sided Network | Strong | |||||
| NVDA | | TechnologySemiconductors | 98 | $5.4T | 74.2% | 64% | 63% | Quasi-Monopoly | Network | De Facto Standard | Strong | |||||
| VRTX | | HealthcareBiotechnology | 98 | $107.9B | 86.3% | 39% | 35.4% | Quasi-Monopoly | Legal | IP Choke Point | Strong | |||||
| CNR |  | IndustrialsRailroads | 98 | $72.6B | 41.9% | 37.8% | 27.2% | Duopoly | Legal | Permits Rights Of Way | Moderate | |||||
| AUTO |  | Communication ServicesInternet Content & Information | 97 | $4.8B | 75.5% | 62.2% | 47.1% | Quasi-Monopoly | Network | Two Sided Network | Strong | |||||
| 4661 |  | ConsumerLeisure | 95 | $22.6B | 38.7% | 23.9% | 17.3% | Duopoly | Legal | Content Rights Currency | Strong | |||||
| 0388.HK |  | FinancialsFinancial - Data & Stock Exchanges | 94 | $64.9B | 85.1% | 78.6% | 65.4% | Monopoly | Legal | Concession License | Moderate | |||||
| ENB | | EnergyOil & Gas Midstream | 93 | $122.7B | 32.6% | 16.5% | 9.7% | Oligopoly | Legal | Permits Rights Of Way | Moderate | |||||
| ICE | | FinancialsFinancial - Data & Stock Exchanges | 91 | $84.4B | 69% | 40.8% | 30% | Oligopoly | Network | Two Sided Network | Strong | |||||
| AAPL | | TechnologyConsumer Electronics | 91 | $4.6T | 47.9% | 32.6% | 27.2% | Oligopoly | Network | Ecosystem Complements | Strong | |||||
| TCL |  | IndustrialsIndustrial - Infrastructure Operations | 91 | $32.3B | 45.6% | 41.9% | 7.1% | Quasi-Monopoly | Legal | Concession License | Moderate | |||||
| REA | | Communication ServicesInternet Content & Information | 91 | $14.1B | 54.2% | 44.2% | 31.6% | Duopoly | Network | Two Sided Network | Strong | |||||
| BR | | IndustrialsInformation Technology Services | 91 | $17B | 31.3% | 17.1% | 15% | Quasi-Monopoly | Legal | Regulated Standards Pipe | Moderate | |||||
| AIR |  | IndustrialsAerospace & Defense | 91 | $159B | 14.7% | 6.7% | 6.9% | Duopoly | Supply | Capex Knowhow Scale | Moderate | |||||
| 6268 | | IndustrialsIndustrial - Machinery | 90 | $4.1B | 31.7% | 7.4% | 5.8% | Quasi-Monopoly | Supply | Learning Curve Yield | Strong | |||||
| SNPS | | TechnologySoftware - Infrastructure | 90 | $97.3B | 73.5% | 8.4% | 8.9% | Oligopoly | Demand | Switching Costs General | Moderate | |||||
| META | | Communication ServicesInternet Content & Information | 89 | $1.5T | 81.9% | 41.2% | 32.8% | Oligopoly | Network | Two Sided Network | Moderate | |||||
| RMV | | Real EstateInternet Content & Information | 88 | $4.3B | 99.3% | 66.8% | 50.3% | Quasi-Monopoly | Network | Two Sided Network | Strong | |||||
| GAW | | ConsumerLeisure | 87 | $9B | 71.8% | 41.9% | 31.1% | Oligopoly | Legal | IP Choke Point | Strong | |||||
| MO | | ConsumerTobacco | 87 | $120.6B | 67.8% | 50.7% | 36.9% | Oligopoly | Demand | Brand Trust | Strong | |||||
| AMZN | | ConsumerSpecialty Retail | 87 | $2.9T | 50.6% | 11.5% | 12.2% | Oligopoly | Supply | Capex Knowhow Scale | Moderate | |||||
| GOOGL | | Communication ServicesInternet Content & Information | 86 | $4.4T | 60.4% | 32.7% | 37.9% | Quasi-Monopoly | Network | Data Network Effects | Strong | |||||
| WST | | HealthcareMedical - Instruments & Supplies | 86 | $22B | 36.2% | 20.7% | 16.9% | Quasi-Monopoly | Demand | Design In Qualification | Moderate | |||||
| 8035 | | TechnologySemiconductors | 86 | $150.3B | 45.3% | 25.6% | 23.5% | Quasi-Monopoly | Demand | Design In Qualification | Strong | |||||
| FTNT | | TechnologySoftware - Infrastructure | 85 | $94B | 80.7% | 31.1% | 27.5% | Oligopoly | Demand | Suite Bundling | Moderate | |||||
| LLY | | HealthcareDrug Manufacturers - General | 85 | $1T | 83.5% | 45.9% | 35% | Oligopoly | Legal | IP Choke Point | Strong | |||||
| CFR |  | ConsumerLuxury Goods | 84 | $123.7B | 65.6% | 20.9% | 14.2% | Oligopoly | Demand | Brand Trust | Strong | |||||
| LYV | | Communication ServicesEntertainment | 84 | $39B | 44.7% | 5.5% | 0.3% | Oligopoly | Supply | Physical Network Density | Moderate |
Page 1 of 13
Wide Moat Atlas
Tracked companies
384
10 sectors represented
Mean moat score
71
67 score 80 or higher
Most common moat
Brand Trust
212 companies tagged
Median gross margin
50.4%
Median across companies with margin data
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Moat Score Methodology
How the Score Works
A Structured 0–100 Read on Durable Competitive Advantage
The moat score estimates how durable a company's competitive advantages appear to be. It is built from curated moat claims attached to each business segment, never from price, valuation, or stock performance. Segment scores are weighted by revenue share (or operating profit, when revenue is unavailable) so the biggest segments shape the company-level number the most.
Score Bands
0 – 10080+Elite
Multi-moat dominance with durable pricing power.
70–79High
Strong moat with one or two clear advantages.
60–69Solid
Defensible in places, but not dominant.
< 60Watch
Thin, fragile, or contested moat.
Bands are guides, not grades: two companies in the same band can have very different risk profiles.
What Goes Into a Segment Score
Moat Diversity
02Bonus when a segment is defended by multiple distinct moat domains — network effects, switching costs, regulated rails, data lock-in, physical density.
Market Structure
03Monopolies and quasi-monopolies receive the largest bonus, duopolies and oligopolies a smaller one, fully competitive markets none.
Pricing Power
04Strong pricing power adds the most, moderate and weak add less, none adds nothing. Captures whether a business can raise prices without losing volume.
Share & Concentration
05Higher estimated market share and a higher HHI (industry concentration) each contribute a small, capped bonus so they refine rather than dominate.
Segments to Company
A company's score is the weighted average of its segment scores. Weights come from segment revenue share when available, then fall back to operating profit share, and finally to equal weighting if neither is reported. A conglomerate with one strong segment and several weaker ones can still land mid-ranking.
scorecompany = Σ ( scoresegment × weightsegment )
What the Score Is Not
- Not a price target, valuation, or a buy / sell recommendation.
- Does not directly measure management quality, capital allocation, or balance sheet strength.
- A structured opinion on public information: inputs are curated and change as businesses evolve.
Treat the moat score as a starting point for research, not a verdict.
Wide Moat Stocks FAQ
What are wide moat stocks?
Wide moat stocks are companies with durable competitive advantages that may protect returns on capital from competitors for many years. Common moat sources include network effects, switching costs, cost advantages, regulated rails, data lock-in, and hard-to-replicate physical networks.
How does Find My Moat rank moat stocks?
Find My Moat uses a 0-100 moat score built from segment-level moat claims. The score considers claim strength, durability, confidence, moat diversity, market structure, pricing power, market share, and industry concentration, then weights segments by revenue or operating profit where available.
Is a high moat score a buy recommendation?
No. The moat score is a research signal about competitive advantage, not a valuation, price target, or buy/sell recommendation. A high-quality company can still be a poor investment if the stock price already discounts too much future success.
How is this different from Morningstar-style moat ratings?
Morningstar-style moat ratings usually classify companies as wide, narrow, or none based on expected durability of excess returns. Find My Moat keeps the economic moat concept but uses a numeric, evidence-backed, segment-weighted score so investors can compare companies and inspect the underlying moat claims.
How should investors use the wide moat stocks list?
Use the list as a starting point for research. Open individual stock pages to review the segment-level moat evidence, erosion risks, counterarguments, pricing power, market structure, and related companies before doing valuation work.
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Curation & Accuracy
This directory blends AI‑assisted discovery with human curation. Entries are reviewed, edited, and organized with the goal of expanding coverage and sharpening quality over time. Your feedback helps steer improvements (because no single human can capture everything all at once).
Details change. Pricing, features, and availability may be incomplete or out of date. Treat listings as a starting point and verify on the provider’s site before making decisions. If you spot an error or a gap, send a quick note and I’ll adjust.