VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

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Sunday, January 11, 2026

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Stock Comparison

Murata Manufacturing Co., Ltd. vs Morningstar, Inc.

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

Murata Manufacturing Co., Ltd.

6981 · Tokyo Stock Exchange

Market cap (USD)$5.9T

Gross margin (TTM)41.4%

Operating margin (TTM)16.8%

Net margin (TTM)13.4%

SectorTechnology

IndustryHardware, Equipment & Parts

CountryJP

Data as of2025-12-30

Moat score

75/ 100

Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.

Full stock profile

Dive deeper into Murata Manufacturing Co., Ltd.'s moat claims, evidence, and risks.

View 6981 analysis

Morningstar, Inc.

MORN · NASDAQ

Market cap (USD)—

Gross margin (TTM)—

Operating margin (TTM)—

Net margin (TTM)—

SectorFinancials

Industry—

CountryUS

Data as of2026-01-10

Moat score

67/ 100

Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.

Full stock profile

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

View MORN analysis

Comparison highlights

Moat score gap: Murata Manufacturing Co., Ltd. leads (75 / 100 vs 67 / 100 for Morningstar, Inc.).
Segment focus: Murata Manufacturing Co., Ltd. has 6 segments (47.7% in Capacitors (primarily MLCC)); Morningstar, Inc. has 7 segments (34.6% in Morningstar Data and Analytics).
Moat breadth: Murata Manufacturing Co., Ltd. has 8 moat types across 4 domains; Morningstar, Inc. has 6 across 3.

Primary market context

Murata Manufacturing Co., Ltd.

Capacitors (primarily MLCC)

Market

Multilayer ceramic capacitors (MLCC) and related capacitors

Geography

Global

Customer

Electronics OEMs and tier-1 suppliers (smartphone, PC/server, automotive, industrial)

Role

Component manufacturer / supplier

Revenue share

47.7%

Morningstar, Inc.

Morningstar Data and Analytics

Market

Investment data, research, and analytics platforms

Geography

Global

Revenue share

34.6%

Side-by-side metrics

Murata Manufacturing Co., Ltd.

Morningstar, Inc.

Ticker / Exchange

6981 - Tokyo Stock Exchange

MORN - NASDAQ

Market cap (USD)

$5.9T

n/a

Gross margin (TTM)

41.4%

n/a

Operating margin (TTM)

16.8%

n/a

Net margin (TTM)

13.4%

n/a

Sector

Technology

Financials

Industry

Hardware, Equipment & Parts

n/a

HQ country

Primary segment

Capacitors (primarily MLCC)

Morningstar Data and Analytics

Market structure

Oligopoly

Market share

38%-42% (reported)

n/a

HHI estimate

n/a

Pricing power

Moderate

Moat score

75 / 100

67 / 100

Moat domains

Supply, Demand, Financial, Legal

Demand, Network, Legal

Last update

2025-12-30

2026-01-10

Moat coverage

Shared moat types

IP Choke Point

Murata Manufacturing Co., Ltd. strengths

Capex Knowhow ScaleLearning Curve YieldDesign In QualificationBenchmark Pricing PowerBrand TrustCompliance AdvantageResidual segment

Morningstar, Inc. strengths

Data Workflow LockinDe Facto StandardRegulated Standards PipeSuite BundlingTraining Org Change Costs

Segment mix

Murata Manufacturing Co., Ltd. segments

Full profile >

Capacitors (primarily MLCC)

Oligopoly

47.7%

Inductors and EMI Filters

Oligopoly

11.5%

High-Frequency Devices and Communications Modules

Oligopoly

25.4%

Batteries and Power Supply

Competitive

8.9%

Functional Devices (including sensors)

Competitive

5.6%

Other

Competitive

0.9%

Morningstar, Inc. segments

Full profile >

Morningstar Data and Analytics

Oligopoly

34.6%

PitchBook

Oligopoly

27.2%

Morningstar Credit

Oligopoly

12.8%

Morningstar Wealth

Competitive

10.9%

Morningstar Retirement

Competitive

5.6%

Morningstar Sustainalytics

Oligopoly

5.2%

Morningstar Indexes

Oligopoly

3.7%

Want the full wide moat stocks list?

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Looking for expansion-stage stocks?

Proven models entering the expansion stage with unit economics that 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.