VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

NO ADVICE

Stock Comparison

Alcon Inc. vs Doximity, Inc.

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)$37B
Gross margin (TTM)54.8%
Operating margin (TTM)13.1%
Net margin (TTM)9.4%
SectorHealthcare
IndustryMedical - Instruments & Supplies
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

Doximity, Inc.

DOCS · New York Stock Exchange

Market cap (USD)$4.5B
Gross margin (TTM)89.8%
Operating margin (TTM)37.4%
Net margin (TTM)37.5%
SectorHealthcare
IndustryMedical - Healthcare Information Services
CountryUS
Data as of2026-04-25
Moat score
70/ 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 Doximity, Inc.'s moat claims, evidence, and risks.

View DOCS analysis

Comparison highlights

  • Moat score gap: Alcon Inc. leads (71 / 100 vs 70 / 100 for Doximity, Inc.).
  • Segment focus: Alcon Inc. has 2 segments (56% in Surgical); Doximity, Inc. has 1 segment (100% in Medical professional platform and healthcare customer solutions).
  • Primary market structure: Oligopoly vs Competitive. Pricing power: Moderate vs Moderate.
  • Moat breadth: Alcon Inc. has 7 moat types across 3 domains; Doximity, Inc. has 5 across 2.

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%

Doximity, Inc.

Medical professional platform and healthcare customer solutions

Market

U.S. digital medical professional network, HCP marketing, hiring, workflow and telehealth solutions

Geography

United States

Customer

Physicians, nurse practitioners, physician assistants, medical students, pharmaceutical manufacturers, health systems and medical recruiters

Role

Verified clinician network, engagement platform, workflow software and subscription-based commercial solutions provider

Revenue share

100%

Side-by-side metrics

Alcon Inc.
Doximity, Inc.
Ticker / Exchange
ALC - New York Stock Exchange
DOCS - New York Stock Exchange
Market cap (USD)
$37B
$4.5B
Gross margin (TTM)
54.8%
89.8%
Operating margin (TTM)
13.1%
37.4%
Net margin (TTM)
9.4%
37.5%
Sector
Healthcare
Healthcare
Industry
Medical - Instruments & Supplies
Medical - Healthcare Information Services
HQ country
CH
US
Primary segment
Surgical
Medical professional platform and healthcare customer solutions
Market structure
Oligopoly
Competitive
Market share
40%-46% (implied)
3%-4% (implied)
HHI estimate
n/a
n/a
Pricing power
Moderate
Moderate
Moat score
71 / 100
70 / 100
Moat domains
Demand, Supply, Legal
Network, Demand
Last update
2026-01-10
2026-04-25

Moat coverage

Shared moat types

Brand TrustProcurement Inertia

Alcon Inc. strengths

Installed Base ConsumablesSuite BundlingService Field NetworkCompliance AdvantageCapex Knowhow Scale

Doximity, Inc. strengths

Direct Network EffectsData Workflow LockinData Network Effects

Segment mix

Alcon Inc. segments

Full profile >

Surgical

Oligopoly

56%

Vision Care

Oligopoly

44%

Doximity, Inc. segments

Full profile >

Medical professional platform and healthcare customer solutions

Competitive

100%

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.