VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

NO ADVICE

Wednesday, December 31, 2025

Stock Comparison

ANSYS, Inc. vs Enbridge Inc.

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

ANSYS, Inc.

ANSS · Nasdaq Global Select Market

Market cap (USD)
SectorTechnology
CountryUS
Data as of2025-12-31
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 ANSYS, Inc.'s moat claims, evidence, and risks.

View ANSS analysis

Enbridge Inc.

ENB · Toronto Stock Exchange

Market cap (USD)$104.9B
SectorEnergy
CountryCA
Data as of2025-12-31
Moat score
92/ 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 Enbridge Inc.'s moat claims, evidence, and risks.

View ENB analysis

Comparison highlights

  • Moat score gap: Enbridge Inc. leads (92 / 100 vs 68 / 100 for ANSYS, Inc.).
  • Segment focus: ANSYS, Inc. has 3 segments; Enbridge Inc. has 4 segments (72.8% in Liquids Pipelines).
  • Moat breadth: ANSYS, Inc. has 7 moat types across 3 domains; Enbridge Inc. has 6 across 3.

Primary market context

ANSYS, Inc.

Core Multiphysics Simulation Platform (CAE)

Market

Multiphysics engineering simulation (CAE) software

Geography

Global

Customer

Enterprises and academia

Role

Engineering design, verification, and validation software

Enbridge Inc.

Liquids Pipelines

Market

Crude oil & liquids pipeline transportation plus terminals/storage

Geography

North America (Canada & U.S.)

Customer

Producers, refiners, marketers (shippers)

Role

Midstream pipeline operator

Revenue share

72.8%

Side-by-side metrics

ANSYS, Inc.
Enbridge Inc.
Ticker / Exchange
ANSS - Nasdaq Global Select Market
ENB - Toronto Stock Exchange
Market cap (USD)
n/a
$104.9B
Sector
Technology
Energy
HQ country
US
CA
Primary segment
Core Multiphysics Simulation Platform (CAE)
Liquids Pipelines
Market structure
Oligopoly
Oligopoly
Market share
n/a
29%-31% (reported)
HHI estimate
n/a
n/a
Pricing power
Moderate
Moderate
Moat score
68 / 100
92 / 100
Moat domains
Demand, Network, Legal
Legal, Supply, Demand
Last update
2025-12-31
2025-12-31

Moat coverage

Shared moat types

No overlap yet.

ANSYS, Inc. strengths

Suite BundlingSwitching Costs GeneralData Workflow LockinDesign In QualificationDe Facto StandardEcosystem ComplementsCompliance Advantage

Enbridge Inc. strengths

Permits Rights Of WayPhysical Network DensityLong Term ContractsRegulated Standards PipeConcession LicenseCapex Knowhow Scale

Segment mix

ANSYS, Inc. segments

Full profile >

Core Multiphysics Simulation Platform (CAE)

Oligopoly

n/a

Electronics & Semiconductor Simulation (EDA-adjacent)

Oligopoly

n/a

Digital Mission Engineering & Safety-Critical Tooling

Competitive

n/a

Enbridge Inc. segments

Full profile >

Liquids Pipelines

Oligopoly

72.8%

Gas Transmission and Midstream

Oligopoly

11.8%

Gas Distribution and Storage

Monopoly

14.4%

Renewable Power Generation

Competitive

1%

Want the full wide moat stocks list?

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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.