VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

NO ADVICE

Sunday, January 11, 2026

Stock Comparison

Air Liquide S.A. vs Julius Baer Gruppe AG

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

Air Liquide S.A.

AI · Euronext Paris

Market cap (USD)$91.6B
Gross margin (TTM)
Operating margin (TTM)
Net margin (TTM)
SectorMaterials
IndustryChemicals - Specialty
CountryFR
Data as of2026-01-08
Moat score
58/ 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 Air Liquide S.A.'s moat claims, evidence, and risks.

View AI analysis

Julius Baer Gruppe AG

BAER · SIX Swiss Exchange

Market cap (USD)$13.3B
Gross margin (TTM)51.6%
Operating margin (TTM)15%
Net margin (TTM)12.7%
SectorFinancials
IndustryAsset Management
CountryCH
Data as of2025-12-30
Moat score
59/ 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 Julius Baer Gruppe AG's moat claims, evidence, and risks.

View BAER analysis

Comparison highlights

  • Moat score gap: Julius Baer Gruppe AG leads (59 / 100 vs 58 / 100 for Air Liquide S.A.).
  • Segment focus: Air Liquide S.A. has 6 segments (44% in Industrial Merchant); Julius Baer Gruppe AG has 1 segment (100% in Wealth Management (Private Banking)).
  • Moat breadth: Air Liquide S.A. has 12 moat types across 3 domains; Julius Baer Gruppe AG has 5 across 4.

Primary market context

Air Liquide S.A.

Industrial Merchant

Market

Merchant industrial and medical gases distribution (cylinders, bulk liquids) plus related equipment and services

Geography

Global (local/regional distribution markets)

Customer

SMEs and mid-market industrial customers, contractors, labs, and public sector buyers

Role

Distributor + producer (last-mile logistics, cylinder assets, bulk delivery)

Revenue share

44%

Julius Baer Gruppe AG

Wealth Management (Private Banking)

Market

Private banking and wealth management services

Geography

Global (focus: Switzerland, Europe, Asia)

Customer

High-net-worth and ultra-high-net-worth individuals

Role

Wealth manager / private bank (advisory + discretionary mandates)

Revenue share

100%

Side-by-side metrics

Air Liquide S.A.
Julius Baer Gruppe AG
Ticker / Exchange
AI - Euronext Paris
BAER - SIX Swiss Exchange
Market cap (USD)
$91.6B
$13.3B
Gross margin (TTM)
n/a
51.6%
Operating margin (TTM)
n/a
15%
Net margin (TTM)
n/a
12.7%
Sector
Materials
Financials
Industry
Chemicals - Specialty
Asset Management
HQ country
FR
CH
Primary segment
Industrial Merchant
Wealth Management (Private Banking)
Market structure
Competitive
Competitive
Market share
n/a
n/a
HHI estimate
n/a
n/a
Pricing power
Moderate
Moderate
Moat score
58 / 100
59 / 100
Moat domains
Demand, Supply, Legal
Demand, Supply, Legal, Financial
Last update
2026-01-08
2025-12-30

Moat coverage

Shared moat types

Service Field NetworkCompliance Advantage

Air Liquide S.A. strengths

Long Term ContractsPhysical Network DensityScale Economies Unit CostDistribution ControlOperational ExcellenceDesign In QualificationSupply Chain ControlIP Choke PointCapex Knowhow ScaleScope Economies

Julius Baer Gruppe AG strengths

Brand TrustSwitching Costs GeneralCost Of Capital Advantage

Segment mix

Air Liquide S.A. segments

Full profile >

Large Industries

Oligopoly

26%

Industrial Merchant

Competitive

44%

Healthcare

Competitive

16%

Electronics

Oligopoly

9%

Engineering & Construction

Competitive

2%

Global Markets & Technologies

Competitive

3%

Julius Baer Gruppe AG segments

Full profile >

Wealth Management (Private Banking)

Competitive

100%

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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.