VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

NO ADVICE

Sunday, January 11, 2026

Stock Comparison

ABB Ltd vs Alcon Inc.

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

ABB Ltd

ABBN · SIX Swiss Exchange

Market cap (USD)$109.6B
Gross margin (TTM)39.4%
Operating margin (TTM)17.2%
Net margin (TTM)12.9%
SectorIndustrials
IndustryElectrical Equipment & Parts
CountryCH
Data as of2025-12-31
Moat score
73/ 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 ABB Ltd's moat claims, evidence, and risks.

View ABBN analysis

Alcon Inc.

ALC · New York Stock Exchange

Market cap (USD)$39.8B
Gross margin (TTM)
Operating margin (TTM)
Net margin (TTM)
SectorHealthcare
Industry
CountryCH
Data as of2026-01-10
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 Alcon Inc.'s moat claims, evidence, and risks.

View ALC analysis

Comparison highlights

  • Moat score gap: ABB Ltd leads (73 / 100 vs 71 / 100 for Alcon Inc.).
  • Segment focus: ABB Ltd has 4 segments (46.2% in Electrification); Alcon Inc. has 2 segments (56% in Surgical).
  • Moat breadth: ABB Ltd has 6 moat types across 3 domains; Alcon Inc. has 7 across 3.

Primary market context

ABB Ltd

Electrification

Market

Low- and medium-voltage electrification equipment and solutions

Geography

Global

Customer

B2B/B2G

Role

Manufacturer and solutions provider; channel-led distribution; after-sales service

Revenue share

46.2%

Alcon Inc.

Surgical

Market

Ophthalmic surgical devices (implantables, consumables, equipment) and related service/training

Geography

Global

Customer

Ophthalmic surgeons, hospitals, ambulatory surgery centers, group purchasing organizations

Role

Medical device OEM with direct service, clinical support, and training

Revenue share

56%

Side-by-side metrics

ABB Ltd
Alcon Inc.
Ticker / Exchange
ABBN - SIX Swiss Exchange
ALC - New York Stock Exchange
Market cap (USD)
$109.6B
$39.8B
Gross margin (TTM)
39.4%
n/a
Operating margin (TTM)
17.2%
n/a
Net margin (TTM)
12.9%
n/a
Sector
Industrials
Healthcare
Industry
Electrical Equipment & Parts
n/a
HQ country
CH
CH
Primary segment
Electrification
Surgical
Market structure
Oligopoly
Oligopoly
Market share
n/a
40%-46% (implied)
HHI estimate
n/a
n/a
Pricing power
Moderate
Moderate
Moat score
73 / 100
71 / 100
Moat domains
Supply, Demand, Network
Demand, Supply, Legal
Last update
2025-12-31
2026-01-10

Moat coverage

Shared moat types

Brand TrustService Field NetworkInstalled Base Consumables

ABB Ltd strengths

Distribution ControlData Workflow LockinEcosystem Complements

Alcon Inc. strengths

Suite BundlingCompliance AdvantageProcurement InertiaCapex Knowhow Scale

Segment mix

ABB Ltd segments

Full profile >

Electrification

Oligopoly

46.2%

Motion

Oligopoly

22%

Process Automation

Oligopoly

20.5%

Robotics & Discrete Automation

Oligopoly

9.8%

Alcon Inc. segments

Full profile >

Surgical

Oligopoly

56%

Vision Care

Oligopoly

44%

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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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.