VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

NO ADVICE

Friday, January 2, 2026

Wide Moat Stocks Home My Collections

Stock Comparison

Unicharm Corporation vs Constellation Software Inc.

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

Unicharm Corporation

8113 · Tokyo Stock Exchange

Market cap (USD)$1.6T

Gross margin (TTM)38.5%

Operating margin (TTM)12.9%

Net margin (TTM)8.6%

SectorConsumer

IndustryHousehold & Personal Products

CountryJP

Data as of2025-12-29

Moat score

60/ 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 Unicharm Corporation's moat claims, evidence, and risks.

View 8113 analysis

Constellation Software Inc.

CSU · Toronto Stock Exchange

Market cap (USD)—

Gross margin (TTM)—

Operating margin (TTM)—

Net margin (TTM)—

SectorTechnology

Industry—

CountryCA

Data as of2026-01-02

Moat score

74/ 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 Constellation Software Inc.'s moat claims, evidence, and risks.

View CSU analysis

Comparison highlights

Moat score gap: Constellation Software Inc. leads (74 / 100 vs 60 / 100 for Unicharm Corporation).
Segment focus: Unicharm Corporation has 5 segments; Constellation Software Inc. has 6 segments.
Primary market structure: Oligopoly vs Competitive. Pricing power: Moderate vs Moderate.
Moat breadth: Unicharm Corporation has 7 moat types across 3 domains; Constellation Software Inc. has 3 across 2.

Primary market context

Unicharm Corporation

Baby and Child Care Products

Market

Disposable baby diapers and baby wipes

Geography

Japan, Asia, Middle East, and selected other markets

Customer

Consumers (parents/caregivers)

Role

Branded manufacturer

Constellation Software Inc.

Volaris Operating Group

Market

Vertical market software (VMS) portfolios across diverse industries (Volaris)

Geography

Global (North America, Continental Europe, UK, Australia, South America, Africa)

Customer

Organizations in specific verticals (mix of public and private sector)

Role

Vertical market software vendor (application provider + long-term maintainer)

Side-by-side metrics

Unicharm Corporation

Constellation Software Inc.

Ticker / Exchange

8113 - Tokyo Stock Exchange

CSU - Toronto Stock Exchange

Market cap (USD)

$1.6T

n/a

Gross margin (TTM)

38.5%

n/a

Operating margin (TTM)

12.9%

n/a

Net margin (TTM)

8.6%

n/a

Sector

Consumer

Technology

Industry

Household & Personal Products

n/a

HQ country

Primary segment

Baby and Child Care Products

Volaris Operating Group

Market structure

Oligopoly

Competitive

Market share

35%-84% (reported)

n/a

HHI estimate

n/a

Pricing power

Moderate

Moat score

60 / 100

74 / 100

Moat domains

Demand, Supply, Legal

Demand, Supply

Last update

2025-12-29

2026-01-02

Moat coverage

Shared moat types

Operational Excellence

Unicharm Corporation strengths

Brand TrustDistribution ControlCapex Knowhow ScaleHabit DefaultTraining Org Change CostsIP Choke Point

Constellation Software Inc. strengths

Switching Costs GeneralInstalled Base Consumables

Segment mix

Unicharm Corporation segments

Full profile >

Baby and Child Care Products

Oligopoly

n/a

Feminine Care Products

Oligopoly

n/a

Wellness Care Products (Adult Incontinence)

Oligopoly

n/a

Pet Care Products

Competitive

n/a

Industrial Materials and Other Businesses

Competitive

n/a

Constellation Software Inc. segments

Full profile >

Volaris Operating Group

Competitive

n/a

Harris Operating Group

Competitive

n/a

Topicus.com Operating Group

Competitive

n/a

Jonas Operating Group

Competitive

n/a

Perseus Operating Group

Competitive

n/a

Vela Operating Group

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.

View the moat stocks list

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.