VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

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Sunday, January 11, 2026

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Stock Comparison

Alcon Inc. vs Fair Isaac Corporation

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

Fair Isaac Corporation

FICO · New York Stock Exchange

Market cap (USD)$40.4B

Gross margin (TTM)82.2%

Operating margin (TTM)46.5%

Net margin (TTM)32.8%

SectorTechnology

IndustrySoftware - Application

CountryUS

Data as of2025-12-31

Moat score

82/ 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 Fair Isaac Corporation's moat claims, evidence, and risks.

View FICO analysis

Comparison highlights

Moat score gap: Fair Isaac Corporation leads (82 / 100 vs 71 / 100 for Alcon Inc.).
Segment focus: Alcon Inc. has 2 segments (56% in Surgical); Fair Isaac Corporation has 2 segments (58.7% in Scores).
Primary market structure: Oligopoly vs Quasi-Monopoly. Pricing power: Moderate vs Strong.
Moat breadth: Alcon Inc. has 7 moat types across 3 domains; Fair Isaac Corporation 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%

Fair Isaac Corporation

Scores

Market

Consumer credit scoring and related predictive scores used in lending decisions

Geography

Primarily United States; also international

Customer

Lenders (mortgage, credit card, auto, etc.), consumer reporting agencies, and consumers (B2C)

Role

Score model developer/licensor; distribution via consumer reporting agencies and direct-to-consumer channels

Revenue share

58.7%

Side-by-side metrics

Alcon Inc.

Fair Isaac Corporation

Ticker / Exchange

ALC - New York Stock Exchange

FICO - New York Stock Exchange

Market cap (USD)

$39.8B

$40.4B

Gross margin (TTM)

n/a

82.2%

Operating margin (TTM)

n/a

46.5%

Net margin (TTM)

n/a

32.8%

Sector

Healthcare

Technology

Industry

n/a

Software - Application

HQ country

Primary segment

Surgical

Scores

Market structure

Oligopoly

Quasi-Monopoly

Market share

40%-46% (implied)

90% (reported)

HHI estimate

n/a

Pricing power

Moderate

Strong

Moat score

71 / 100

82 / 100

Moat domains

Demand, Supply, Legal

Network, Demand

Last update

2026-01-10

2025-12-31

Moat coverage

Shared moat types

Brand Trust

Alcon Inc. strengths

Installed Base ConsumablesSuite BundlingService Field NetworkCompliance AdvantageProcurement InertiaCapex Knowhow Scale

Fair Isaac Corporation strengths

De Facto StandardFormat Lock InData Workflow LockinSwitching Costs General

Segment mix

Alcon Inc. segments

Full profile >

Surgical

Oligopoly

56%

Vision Care

Oligopoly

44%

Fair Isaac Corporation segments

Full profile >

Scores

Quasi-Monopoly

58.7%

Software

Competitive

41.3%

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.