VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

NO ADVICE

Sunday, January 11, 2026

Stock Comparison

Alcon Inc. vs Julius Baer Gruppe AG

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

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

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: Alcon Inc. leads (71 / 100 vs 59 / 100 for Julius Baer Gruppe AG).
  • Segment focus: Alcon Inc. has 2 segments (56% in Surgical); Julius Baer Gruppe AG has 1 segment (100% in Wealth Management (Private Banking)).
  • Primary market structure: Oligopoly vs Competitive. Pricing power: Moderate vs Moderate.
  • Moat breadth: Alcon Inc. has 7 moat types across 3 domains; Julius Baer Gruppe AG has 5 across 4.

Primary market context

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%

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

Alcon Inc.
Julius Baer Gruppe AG
Ticker / Exchange
ALC - New York Stock Exchange
BAER - SIX Swiss Exchange
Market cap (USD)
$39.8B
$13.3B
Gross margin (TTM)
n/a
51.6%
Operating margin (TTM)
n/a
15%
Net margin (TTM)
n/a
12.7%
Sector
Healthcare
Financials
Industry
n/a
Asset Management
HQ country
CH
CH
Primary segment
Surgical
Wealth Management (Private Banking)
Market structure
Oligopoly
Competitive
Market share
40%-46% (implied)
n/a
HHI estimate
n/a
n/a
Pricing power
Moderate
Moderate
Moat score
71 / 100
59 / 100
Moat domains
Demand, Supply, Legal
Demand, Supply, Legal, Financial
Last update
2026-01-10
2025-12-30

Moat coverage

Shared moat types

Service Field NetworkCompliance AdvantageBrand Trust

Alcon Inc. strengths

Installed Base ConsumablesSuite BundlingProcurement InertiaCapex Knowhow Scale

Julius Baer Gruppe AG strengths

Switching Costs GeneralCost Of Capital Advantage

Segment mix

Alcon Inc. segments

Full profile >

Surgical

Oligopoly

56%

Vision Care

Oligopoly

44%

Julius Baer Gruppe AG segments

Full profile >

Wealth Management (Private Banking)

Competitive

100%

Want the full wide moat stocks list?

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Looking for expansion-stage stocks?

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.