VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

NO ADVICE

Saturday, January 3, 2026

Wide Moat Stocks Home My Collections

Stock Comparison

Nintendo Co., Ltd. vs Xero Limited

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

Nintendo Co., Ltd.

7974.JP · Tokyo Stock Exchange

Market cap (USD)—

Gross margin (TTM)—

Operating margin (TTM)—

Net margin (TTM)—

SectorCommunication Services

Industry—

CountryJP

Data as of2026-01-01

Moat score

76/ 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 Nintendo Co., Ltd.'s moat claims, evidence, and risks.

View 7974.JP analysis

Xero Limited

XRO · Australian Securities Exchange

Market cap (USD)—

Gross margin (TTM)—

Operating margin (TTM)—

Net margin (TTM)—

SectorTechnology

Industry—

CountryNZ

Data as of2026-01-02

Moat score

71/ 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 Xero Limited's moat claims, evidence, and risks.

View XRO analysis

Comparison highlights

Moat score gap: Nintendo Co., Ltd. leads (76 / 100 vs 71 / 100 for Xero Limited).
Segment focus: Nintendo Co., Ltd. has 3 segments (90.2% in Nintendo Switch platform ecosystem); Xero Limited has 2 segments.
Moat breadth: Nintendo Co., Ltd. has 5 moat types across 3 domains; Xero Limited has 7 across 3.

Primary market context

Nintendo Co., Ltd.

Nintendo Switch platform ecosystem

Market

Dedicated console gaming platform ecosystem (hardware + software + digital storefront + online services)

Geography

Global

Customer

Consumers

Role

Platform owner / first-party publisher

Revenue share

90.2%

Xero Limited

Core Accounting Subscription Platform

Market

Cloud accounting software for small businesses and their advisors

Geography

Global

Customer

SMB; accountants & bookkeepers

Role

Software platform (SaaS)

Side-by-side metrics

Nintendo Co., Ltd.

Xero Limited

Ticker / Exchange

7974.JP - Tokyo Stock Exchange

XRO - Australian Securities Exchange

Market cap (USD)

n/a

Gross margin (TTM)

n/a

Operating margin (TTM)

n/a

Net margin (TTM)

n/a

Sector

Communication Services

Technology

Industry

n/a

HQ country

Primary segment

Nintendo Switch platform ecosystem

Core Accounting Subscription Platform

Market structure

Oligopoly

Market share

n/a

HHI estimate

n/a

Pricing power

Moderate

Moat score

76 / 100

71 / 100

Moat domains

Network, Demand, Legal

Demand, Network, Financial

Last update

2026-01-01

2026-01-02

Moat coverage

Shared moat types

Ecosystem ComplementsSwitching Costs General

Nintendo Co., Ltd. strengths

Brand TrustIP Choke PointContent Rights Currency

Xero Limited strengths

Data Workflow LockinTwo Sided NetworkBenchmark Pricing PowerInteroperability HubSuite Bundling

Segment mix

Nintendo Co., Ltd. segments

Full profile >

Nintendo Switch platform ecosystem

Oligopoly

90.2%

Mobile and IP-related income

Competitive

5.8%

Other products and legacy platforms

Competitive

Xero Limited segments

Full profile >

Core Accounting Subscription Platform

Oligopoly

n/a

Platform Services (Payments, Payroll, App Ecosystem)

Competitive

n/a

Want the full wide moat stocks list?

Browse the full ranking of wide moat stocks, updated with moat scores and segment context.

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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.