VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

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Sunday, January 11, 2026

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Stock Comparison

Adyen N.V. vs Straumann Holding AG

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

Adyen N.V.

ADYEN · Euronext Amsterdam

Market cap (USD)$45.7B

Gross margin (TTM)80.8%

Operating margin (TTM)40%

Net margin (TTM)35.1%

SectorFinancials

IndustrySoftware - Infrastructure

CountryNL

Data as of2025-12-28

Moat score

63/ 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 Adyen N.V.'s moat claims, evidence, and risks.

View ADYEN analysis

Straumann Holding AG

STMN · SIX Swiss Exchange

Market cap (USD)—

Gross margin (TTM)—

Operating margin (TTM)—

Net margin (TTM)—

SectorHealthcare

Industry—

CountryCH

Data as of2026-01-10

Moat score

68/ 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 Straumann Holding AG's moat claims, evidence, and risks.

View STMN analysis

Comparison highlights

Moat score gap: Straumann Holding AG leads (68 / 100 vs 63 / 100 for Adyen N.V.).
Segment focus: Adyen N.V. has 3 segments (58.4% in Digital); Straumann Holding AG has 3 segments.
Moat breadth: Adyen N.V. has 6 moat types across 4 domains; Straumann Holding AG has 7 across 3.

Primary market context

Adyen N.V.

Digital

Market

Enterprise payment processing and acquiring for online/digital commerce

Geography

Global

Customer

Enterprise merchants and digital-native businesses

Role

PSP / gateway + processor + (direct or indirect) acquiring enablement

Revenue share

58.4%

Straumann Holding AG

Implantology (Tooth Replacement & Restoration)

Market

Dental implantology (tooth replacement and restoration solutions)

Geography

Global

Customer

Dental professionals (implantologists, oral surgeons, general dentists) and dental labs; DSOs

Role

Medical device OEM + branded implant system provider

Side-by-side metrics

Adyen N.V.

Straumann Holding AG

Ticker / Exchange

ADYEN - Euronext Amsterdam

STMN - SIX Swiss Exchange

Market cap (USD)

$45.7B

n/a

Gross margin (TTM)

80.8%

n/a

Operating margin (TTM)

40%

n/a

Net margin (TTM)

35.1%

n/a

Sector

Financials

Healthcare

Industry

Software - Infrastructure

n/a

HQ country

Primary segment

Digital

Implantology (Tooth Replacement & Restoration)

Market structure

Oligopoly

Market share

n/a

34%-36% (reported)

HHI estimate

n/a

Pricing power

Moderate

Moat score

63 / 100

68 / 100

Moat domains

Network, Demand, Legal, Supply

Demand, Supply, Network

Last update

2025-12-28

2026-01-10

Moat coverage

Shared moat types

Data Workflow Lockin

Adyen N.V. strengths

Data Network EffectsCompliance AdvantageSuite BundlingOperational ExcellenceSwitching Costs General

Straumann Holding AG strengths

Brand TrustTraining Org Change CostsService Field NetworkScale Economies Unit CostInteroperability HubEcosystem Complements

Segment mix

Adyen N.V. segments

Full profile >

Digital

Oligopoly

58.4%

Unified Commerce

Competitive

30.6%

Platforms

Oligopoly

11%

Straumann Holding AG segments

Full profile >

Implantology (Tooth Replacement & Restoration)

Oligopoly

n/a

Orthodontics (Clear Aligner Solutions)

Oligopoly

n/a

Digital Dentistry & Prosthetics Workflow

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

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.