VOL. XCIV, NO. 247
★ WIDE MOAT STOCKS COMPARISON ★
NO ADVICE
Thursday, January 1, 2026
Stock Comparison
Air Products and Chemicals, Inc. vs Illinois Tool Works Inc.
Compare moat strength, market structure, and segment coverage to understand how each company defends its edge.
Air Products and Chemicals, Inc.
APD · New York Stock Exchange
Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.
Full stock profile
Dive deeper into Air Products and Chemicals, Inc.'s moat claims, evidence, and risks.
View APD analysisIllinois Tool Works Inc.
ITW · New York Stock Exchange
Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.
Full stock profile
Dive deeper into Illinois Tool Works Inc.'s moat claims, evidence, and risks.
View ITW analysisComparison highlights
- Moat score gap: Air Products and Chemicals, Inc. leads (70 / 100 vs 66 / 100 for Illinois Tool Works Inc.).
- Segment focus: Air Products and Chemicals, Inc. has 3 segments (51.3% in On-site industrial gases (incl. pipelines)); Illinois Tool Works Inc. has 7 segments (20% in Automotive OEM).
- Primary market structure: Oligopoly vs Competitive. Pricing power: Strong vs Moderate.
- Moat breadth: Air Products and Chemicals, Inc. has 6 moat types across 3 domains; Illinois Tool Works Inc. has 8 across 3.
Primary market context
Air Products and Chemicals, Inc.
On-site industrial gases (incl. pipelines)
On-site supply of industrial gases (oxygen, nitrogen, hydrogen, etc.)
Global
Large-volume industrial customers (refining, chemicals, metals, electronics)
Producer / operator of on-site plants and pipeline networks
51.3%
Illinois Tool Works Inc.
Automotive OEM
Automotive OEM engineered components and fasteners
Global
Automotive OEMs and Tier suppliers
Component supplier
20%
Side-by-side metrics
Moat coverage
Shared moat types
Air Products and Chemicals, Inc. strengths
Illinois Tool Works Inc. strengths
Segment mix
Air Products and Chemicals, Inc. segments
Full profile >On-site industrial gases (incl. pipelines)
Oligopoly
Merchant gases (liquid bulk + packaged)
Competitive
Industrial gases equipment (cryogenic & gas processing)
Competitive
Illinois Tool Works Inc. segments
Full profile >Automotive OEM
Competitive
Food Equipment
Oligopoly
Test & Measurement and Electronics
Oligopoly
Welding
Oligopoly
Polymers & Fluids
Competitive
Construction Products
Competitive
Specialty Products
Oligopoly
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View the moat stocks listCuration & 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.