VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

Stock Comparison

Apple Inc. vs Applied Materials, Inc.

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

Apple Inc.

AAPL · The Nasdaq Stock Market LLC

Market cap (USD)$4.6T
Gross margin (TTM)47.9%
Operating margin (TTM)32.6%
Net margin (TTM)27.2%
SectorTechnology
IndustryConsumer Electronics
CountryUS
Data as of2026-05-26
Moat score
91/ 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 Apple Inc.'s moat claims, evidence, and risks.

View AAPL analysis

Applied Materials, Inc.

AMAT · The Nasdaq Stock Market LLC

Market cap (USD)$356.1B
Gross margin (TTM)49%
Operating margin (TTM)29.5%
Net margin (TTM)29.3%
SectorTechnology
IndustrySemiconductors
CountryUS
Data as of2026-05-27
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 Applied Materials, Inc.'s moat claims, evidence, and risks.

View AMAT analysis

Comparison highlights

  • Moat score gap: Apple Inc. leads (91 / 100 vs 76 / 100 for Applied Materials, Inc.).
  • Segment focus: Apple Inc. has 5 segments (55.8% in iPhone); Applied Materials, Inc. has 2 segments (74.4% in Semiconductor Systems).
  • Primary market structure: Oligopoly vs Oligopoly. Pricing power: Strong vs Moderate.
  • Moat breadth: Apple Inc. has 8 moat types across 3 domains; Applied Materials, Inc. has 7 across 3.

Primary market context

Apple Inc.

iPhone

Market

Global smartphones, with premium-smartphone over-index

Geography

Global

Customer

Consumers, carriers, enterprises, and government buyers

Role

Branded device OEM, operating-system owner, and platform gateway

Revenue share

55.8%

Applied Materials, Inc.

Semiconductor Systems

Market

Wafer fabrication equipment (WFE) and adjacent front-end process equipment (deposition, etch, CMP, metrology/inspection) plus advanced packaging tools

Geography

Global

Customer

Semiconductor manufacturers (foundry, logic, memory) and advanced packaging providers

Role

OEM equipment supplier

Revenue share

74.4%

Side-by-side metrics

Apple Inc.
Applied Materials, Inc.
Ticker / Exchange
AAPL - The Nasdaq Stock Market LLC
AMAT - The Nasdaq Stock Market LLC
Market cap (USD)
$4.6T
$356.1B
Gross margin (TTM)
47.9%
49%
Operating margin (TTM)
32.6%
29.5%
Net margin (TTM)
27.2%
29.3%
Sector
Technology
Technology
Industry
Consumer Electronics
Semiconductors
HQ country
US
US
Primary segment
iPhone
Semiconductor Systems
Market structure
Oligopoly
Oligopoly
Market share
20%-22% (estimated)
16%-20% (implied)
HHI estimate
n/a
n/a
Pricing power
Strong
Moderate
Moat score
91 / 100
76 / 100
Moat domains
Network, Demand, Supply
Supply, Demand, Legal
Last update
2026-05-26
2026-05-27

Moat coverage

Shared moat types

No overlap yet.

Apple Inc. strengths

Ecosystem ComplementsBrand TrustSupply Chain ControlKeystone ComponentSwitching Costs GeneralDefault OS GatewaySuite BundlingData Workflow Lockin

Applied Materials, Inc. strengths

Scope EconomiesCapex Knowhow ScaleDesign In QualificationIP Choke PointInstalled Base ConsumablesService Field NetworkLong Term Contracts

Segment mix

Apple Inc. segments

Full profile >

iPhone

Oligopoly

55.8%

Mac

Oligopoly

6.6%

iPad

Oligopoly

6.1%

Wearables, Home and Accessories

Oligopoly

7.6%

Services

Quasi-Monopoly

23.9%

Applied Materials, Inc. segments

Full profile >

Semiconductor Systems

Oligopoly

74.4%

Applied Global Services (AGS)

Competitive

21.6%

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

Looking for expansion-stage stocks?

Proven models entering the expansion stage with unit economics that work.

View expansion-stage stocks

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.