VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

NO ADVICE

Wednesday, January 7, 2026

Stock Comparison

ABB Ltd vs The Progressive Corporation

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)$110.1B
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

The Progressive Corporation

PGR · New York Stock Exchange

Market cap (USD)$124.8B
Gross margin (TTM)26.3%
Operating margin (TTM)15.9%
Net margin (TTM)12.6%
SectorFinancials
IndustryInsurance - Property & Casualty
CountryUS
Data as of2026-01-04
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 The Progressive Corporation's moat claims, evidence, and risks.

View PGR analysis

Comparison highlights

  • Moat score gap: The Progressive Corporation leads (75 / 100 vs 73 / 100 for ABB Ltd).
  • Segment focus: ABB Ltd has 4 segments (46.2% in Electrification); The Progressive Corporation has 2 segments (85% in Personal Lines).
  • Moat breadth: ABB Ltd has 6 moat types across 3 domains; The Progressive Corporation has 5 across 2.

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%

The Progressive Corporation

Personal Lines

Market

U.S. private passenger auto insurance (dominant) plus specialty personal lines and homeowners/renters (small portion)

Geography

United States

Customer

Individuals/households

Role

Primary insurer (P&C)

Revenue share

85%

Side-by-side metrics

ABB Ltd
The Progressive Corporation
Ticker / Exchange
ABBN - SIX Swiss Exchange
PGR - New York Stock Exchange
Market cap (USD)
$110.1B
$124.8B
Gross margin (TTM)
39.4%
26.3%
Operating margin (TTM)
17.2%
15.9%
Net margin (TTM)
12.9%
12.6%
Sector
Industrials
Financials
Industry
Electrical Equipment & Parts
Insurance - Property & Casualty
HQ country
CH
US
Primary segment
Electrification
Personal Lines
Market structure
Oligopoly
Oligopoly
Market share
n/a
16.7% (reported)
HHI estimate
n/a
n/a
Pricing power
Moderate
Moderate
Moat score
73 / 100
75 / 100
Moat domains
Supply, Demand, Network
Supply, Demand
Last update
2025-12-31
2026-01-04

Moat coverage

Shared moat types

Brand TrustService Field Network

ABB Ltd strengths

Distribution ControlData Workflow LockinInstalled Base ConsumablesEcosystem Complements

The Progressive Corporation strengths

Learning Curve YieldSuite BundlingOperational Excellence

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%

The Progressive Corporation segments

Full profile >

Personal Lines

Oligopoly

85%

Commercial Lines

Competitive

15%

Want the full wide moat stocks list?

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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.