VOL. XCIV, NO. 247
★ WIDE MOAT STOCKS COMPARISON ★
NO ADVICE
Sunday, January 11, 2026
Stock Comparison
Hoshizaki Corporation vs Waters Corporation
Compare moat strength, market structure, and segment coverage to understand how each company defends its edge.
Hoshizaki Corporation
6465 · Tokyo Stock Exchange
Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.
Full stock profile
Dive deeper into Hoshizaki Corporation's moat claims, evidence, and risks.
View 6465 analysisWaters Corporation
WAT · New York Stock Exchange
Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.
Full stock profile
Dive deeper into Waters Corporation's moat claims, evidence, and risks.
View WAT analysisComparison highlights
- Moat score gap: Waters Corporation leads (66 / 100 vs 60 / 100 for Hoshizaki Corporation).
- Segment focus: Hoshizaki Corporation has 7 segments (26.4% in Refrigerators & freezers); Waters Corporation has 4 segments (34.9% in Waters instrument systems).
- Primary market structure: Competitive vs Oligopoly. Pricing power: Moderate vs Moderate.
- Moat breadth: Hoshizaki Corporation has 7 moat types across 3 domains; Waters Corporation has 7 across 2.
Primary market context
Hoshizaki Corporation
Refrigerators & freezers
Commercial refrigerators & freezers for professional kitchens and food retail
Global
Restaurants, supermarkets/convenience stores, institutional kitchens, food distribution and preparation facilities
OEM/manufacturer with after-sales support; increasingly connected monitoring/services
26.4%
Waters Corporation
Waters instrument systems
Liquid chromatography (LC/UPLC) and mass spectrometry (MS) analytical instrument systems (including LC-MS workflows and instrument control/data system software)
Global
Pharma/biotech, industrial, academic and government laboratories
OEM + software/platform provider
34.9%
Side-by-side metrics
Moat coverage
Shared moat types
Hoshizaki Corporation strengths
Waters Corporation strengths
Segment mix
Hoshizaki Corporation segments
Full profile >Ice makers
Oligopoly
Refrigerators & freezers
Competitive
Commercial dishwashers (warewashing)
Oligopoly
Dispensers (beverage systems)
Oligopoly
Other Hoshizaki products
Competitive
Maintenance / repair (service, parts, and connected monitoring)
Quasi-Monopoly
Other companies' products (resale/complementary kitchen equipment)
Competitive
Waters Corporation segments
Full profile >Waters instrument systems
Oligopoly
Chemistry consumables
Competitive
Waters service & software maintenance
Competitive
TA instrument systems & service
Oligopoly
Want the full wide moat stocks list?
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Proven models entering the expansion stage with unit economics that work.
View expansion-stage stocksCuration & 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.