WIDE MOAT STOCKS COMPARISON

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Stock Comparison

FANUC CORPORATION vs Teradyne, Inc.

Compare moat strength, market structure, and segment coverage to understand how each company defends its edge.

FANUC CORPORATION

6954 · Tokyo Stock Exchange

Market cap (USD)$35.5B
Gross margin (TTM)38.4%
Operating margin (TTM)21.8%
Net margin (TTM)20.1%
SectorIndustrials
IndustryMachinery
CountryJP
Data as of2026-08-23
71/100
Moat score

Weighted across the company's segments.

Full stock profile

Dive deeper into FANUC CORPORATION's moat claims, evidence, and risks.

View 6954 analysis

Teradyne, Inc.

TER · Nasdaq Stock Market

Market cap (USD)$62.3B
Gross margin (TTM)59.2%
Operating margin (TTM)30.2%
Net margin (TTM)25.8%
SectorTechnology
IndustrySemiconductor equipment and materials
CountryUS
Data as of2026-08-23
83/100
Moat score

Partial score covering 89% of segment weight.

Full stock profile

Dive deeper into Teradyne, Inc.'s moat claims, evidence, and risks.

View TER analysis

Comparison highlights

  • Segment focus: FANUC CORPORATION has 4 segments (44.1% in Industrial Robots (ROBOT) - robot systems and controllers); Teradyne, Inc. has 3 segments (79.1% in Semiconductor Test).
  • Primary market structure: Oligopoly vs Duopoly. Pricing power: Moderate vs Moderate.
  • Moat breadth: FANUC CORPORATION has 4 moat types across 3 domains; Teradyne, Inc. has 4 across 3.

Primary market context

FANUC CORPORATION

Industrial Robots (ROBOT) - robot systems and controllers

Market

Industrial robot systems for welding, handling, assembly, painting, machine tending, etc.

Geography

Global

Customer

Manufacturers (automotive, electronics, general industry)

Role

Robot OEM (hardware + controllers)

Revenue share

44.1%

Teradyne, Inc.

Semiconductor Test

Market

Semiconductor automated test equipment (ATE) and system-level test (SLT)

Geography

Global

Customer

IDMs, foundries, fabless, OSATs

Role

Capital equipment supplier

Revenue share

79.1%

Side-by-side metrics

FANUC CORPORATION
Teradyne, Inc.
Ticker / Exchange
6954 - Tokyo Stock Exchange
TER - Nasdaq Stock Market
Market cap (USD)
$35.5B
$62.3B
Gross margin (TTM)
38.4%
59.2%
Operating margin (TTM)
21.8%
30.2%
Net margin (TTM)
20.1%
25.8%
Sector
Industrials
Technology
Industry
Machinery
Semiconductor equipment and materials
HQ country
JP
US
Primary segment
Industrial Robots (ROBOT) - robot systems and controllers
Semiconductor Test
Market structure
Oligopoly
Duopoly
Market share
n/a
n/a
HHI estimate
n/a
n/a
Pricing power
Moderate
Moderate
Moat score
71 / 100
83 / 100 (partial, 89% coverage)
Moat domains
Network, Supply, Demand
Demand, Supply, Network
Last update
2026-09-05
2026-09-05

Moat coverage

Shared moat types

No overlap yet.

FANUC CORPORATION strengths

De Facto StandardService Field NetworkCapacity MoatInstalled Base Consumables

Teradyne, Inc. strengths

Format Lock InCapex Knowhow ScaleDesign In QualificationEcosystem Complements

Segment mix

FANUC CORPORATION segments

Full profile >

Factory Automation (FA) - CNC, servos, lasers

Oligopoly

24.3%

Industrial Robots (ROBOT) - robot systems and controllers

Oligopoly

44.1%

ROBOMACHINE - ROBODRILL, ROBOSHOT, ROBOCUT

Competitive

15.1%

Service - parts, maintenance, and customer support

Competitive

16.5%

Teradyne, Inc. segments

Full profile >

Semiconductor Test

Duopoly

79.1%

Product Test

Competitive

11.2%

Robotics

Competitive

9.7%

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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.