VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

NO ADVICE

Sunday, January 11, 2026

Stock Comparison

ANSYS, Inc. vs Morningstar, 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)$32.9B
Gross margin (TTM)88.8%
Operating margin (TTM)28.9%
Net margin (TTM)23%
SectorTechnology
IndustrySoftware - Application
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

Morningstar, Inc.

MORN · NASDAQ

Market cap (USD)
Gross margin (TTM)
Operating margin (TTM)
Net margin (TTM)
SectorFinancials
Industry
CountryUS
Data as of2026-01-10
Moat score
67/ 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 Morningstar, Inc.'s moat claims, evidence, and risks.

View MORN analysis

Comparison highlights

  • Moat score gap: ANSYS, Inc. leads (68 / 100 vs 67 / 100 for Morningstar, Inc.).
  • Segment focus: ANSYS, Inc. has 3 segments; Morningstar, Inc. has 7 segments (34.6% in Morningstar Data and Analytics).
  • Moat breadth: ANSYS, Inc. has 7 moat types across 3 domains; Morningstar, 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

Morningstar, Inc.

Morningstar Data and Analytics

Market

Investment data, research, and analytics platforms

Geography

Global

Revenue share

34.6%

Side-by-side metrics

ANSYS, Inc.
Morningstar, Inc.
Ticker / Exchange
ANSS - Nasdaq Global Select Market
MORN - NASDAQ
Market cap (USD)
$32.9B
n/a
Gross margin (TTM)
88.8%
n/a
Operating margin (TTM)
28.9%
n/a
Net margin (TTM)
23%
n/a
Sector
Technology
Financials
Industry
Software - Application
n/a
HQ country
US
US
Primary segment
Core Multiphysics Simulation Platform (CAE)
Morningstar Data and Analytics
Market structure
Oligopoly
Oligopoly
Market share
n/a
n/a
HHI estimate
n/a
n/a
Pricing power
Moderate
Moderate
Moat score
68 / 100
67 / 100
Moat domains
Demand, Network, Legal
Demand, Network, Legal
Last update
2025-12-31
2026-01-10

Moat coverage

Shared moat types

Suite BundlingData Workflow LockinDe Facto Standard

ANSYS, Inc. strengths

Switching Costs GeneralDesign In QualificationEcosystem ComplementsCompliance Advantage

Morningstar, Inc. strengths

Regulated Standards PipeTraining Org Change CostsIP Choke Point

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

Morningstar, Inc. segments

Full profile >

Morningstar Data and Analytics

Oligopoly

34.6%

PitchBook

Oligopoly

27.2%

Morningstar Credit

Oligopoly

12.8%

Morningstar Wealth

Competitive

10.9%

Morningstar Retirement

Competitive

5.6%

Morningstar Sustainalytics

Oligopoly

5.2%

Morningstar Indexes

Oligopoly

3.7%

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.