VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

Stock Comparison

Aon plc vs Marsh & McLennan Companies, Inc.

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

Aon plc

AON · New York Stock Exchange

Market cap (USD)$67.9B
Gross margin (TTM)66%
Operating margin (TTM)27.6%
Net margin (TTM)22.5%
SectorFinancials
IndustryInsurance - Brokers
CountryIE
Data as of2026-06-03
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 Aon plc's moat claims, evidence, and risks.

View AON analysis

Marsh & McLennan Companies, Inc.

MRSH · New York Stock Exchange

Market cap (USD)$77.8B
Gross margin (TTM)42.4%
Operating margin (TTM)21.7%
Net margin (TTM)14.3%
SectorFinancials
IndustryInsurance - Brokers
CountryUS
Data as of2026-06-02
Moat score
66/ 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 Marsh & McLennan Companies, Inc.'s moat claims, evidence, and risks.

View MRSH analysis

Comparison highlights

  • Moat score gap: Aon plc leads (70 / 100 vs 66 / 100 for Marsh & McLennan Companies, Inc.).
  • Segment focus: Aon plc has 2 segments (69.5% in Risk Capital); Marsh & McLennan Companies, Inc. has 2 segments (66.4% in Risk and Insurance Services).
  • Moat breadth: Aon plc has 6 moat types across 3 domains; Marsh & McLennan Companies, Inc. has 5 across 3.

Primary market context

Aon plc

Risk Capital

Market

Large-account commercial insurance & reinsurance brokerage and risk advisory

Geography

Global

Customer

Enterprises, insurers, reinsurers

Role

Intermediary/advisor

Revenue share

69.5%

Marsh & McLennan Companies, Inc.

Risk and Insurance Services

Market

Insurance brokerage, risk advisory, and reinsurance brokerage/services

Geography

Global

Customer

Enterprises, public entities, associations, and individuals (via broker/agent channels)

Role

Intermediary + advisor (insurance/reinsurance market intermediary)

Revenue share

66.4%

Side-by-side metrics

Aon plc
Marsh & McLennan Companies, Inc.
Ticker / Exchange
AON - New York Stock Exchange
MRSH - New York Stock Exchange
Market cap (USD)
$67.9B
$77.8B
Gross margin (TTM)
66%
42.4%
Operating margin (TTM)
27.6%
21.7%
Net margin (TTM)
22.5%
14.3%
Sector
Financials
Financials
Industry
Insurance - Brokers
Insurance - Brokers
HQ country
IE
US
Primary segment
Risk Capital
Risk and Insurance Services
Market structure
Oligopoly
Oligopoly
Market share
n/a
n/a
HHI estimate
n/a
n/a
Pricing power
Moderate
Moderate
Moat score
70 / 100
66 / 100
Moat domains
Demand, Supply, Legal
Supply, Demand, Legal
Last update
2026-06-03
2026-06-02

Moat coverage

Shared moat types

Data Workflow LockinSwitching Costs GeneralService Field NetworkBrand TrustCompliance Advantage

Aon plc strengths

Scale Economies Unit Cost

Marsh & McLennan Companies, Inc. strengths

No unique moat types yet.

Segment mix

Aon plc segments

Full profile >

Risk Capital

Oligopoly

69.5%

Human Capital

Oligopoly

30.5%

Marsh & McLennan Companies, Inc. segments

Full profile >

Risk and Insurance Services

Oligopoly

66.4%

Consulting

Competitive

33.6%

Want the full wide moat stocks list?

Browse the full ranking of wide moat stocks, updated with moat scores and segment context.

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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.