WIDE MOAT STOCKS COMPARISON

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Stock Comparison

Air Products and Chemicals, Inc. vs Linde plc

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

Market cap (USD)$67.1B
Gross margin (TTM)32.1%
Operating margin (TTM)-4.7%
Net margin (TTM)-0.4%
SectorMaterials
IndustrySpecialty chemicals
CountryUS
Data as of2026-08-23
78/100
Moat score

Weighted across the company's segments.

Full stock profile

Dive deeper into Air Products and Chemicals, Inc.'s moat claims, evidence, and risks.

View APD analysis

Linde plc

LIN · Nasdaq Stock Market

Market cap (USD)$238.9B
Gross margin (TTM)47.9%
Operating margin (TTM)25.3%
Net margin (TTM)19.3%
SectorMaterials
IndustrySpecialty chemicals
CountryIE
Data as of2026-08-23
87/100
Moat score

Partial score covering 90% of segment weight.

Full stock profile

Dive deeper into Linde plc's moat claims, evidence, and risks.

View LIN analysis

Comparison highlights

  • Segment focus: Air Products and Chemicals, Inc. has 3 segments (53.2% in On-site industrial gases (incl. pipelines)); Linde plc has 5 segments (44.7% in Americas).
  • Primary market structure: Oligopoly vs Oligopoly. Pricing power: Strong vs Moderate.
  • Moat breadth: Air Products and Chemicals, Inc. has 4 moat types across 3 domains; Linde plc has 2 across 2.

Primary market context

Air Products and Chemicals, Inc.

On-site industrial gases (incl. pipelines)

Market

On-site supply of industrial gases (oxygen, nitrogen, hydrogen, etc.)

Geography

Global

Customer

Large-volume industrial customers (refining, chemicals, metals, electronics)

Role

Producer / operator of on-site plants and pipeline networks

Revenue share

53.2%

Linde plc

Americas

Market

Industrial gases (Americas)

Geography

Americas

Customer

B2B + healthcare

Role

Producer, distributor, on-site plant owner/operator

Revenue share

44.7%

Side-by-side metrics

Air Products and Chemicals, Inc.
Linde plc
Ticker / Exchange
APD - New York Stock Exchange
LIN - Nasdaq Stock Market
Market cap (USD)
$67.1B
$238.9B
Gross margin (TTM)
32.1%
47.9%
Operating margin (TTM)
-4.7%
25.3%
Net margin (TTM)
-0.4%
19.3%
Sector
Materials
Materials
Industry
Specialty chemicals
Specialty chemicals
HQ country
US
IE
Primary segment
On-site industrial gases (incl. pipelines)
Americas
Market structure
Oligopoly
Oligopoly
Market share
n/a
n/a
HHI estimate
n/a
n/a
Pricing power
Strong
Moderate
Moat score
78 / 100
87 / 100 (partial, 90% coverage)
Moat domains
Demand, Legal, Supply
Demand, Supply
Last update
2026-09-05
2026-09-05

Moat coverage

Shared moat types

Long Term ContractsPhysical Network Density

Air Products and Chemicals, Inc. strengths

Permits Rights Of WayCapex Knowhow Scale

Linde plc strengths

No unique moat types yet.

Segment mix

Air Products and Chemicals, Inc. segments

Full profile >

On-site industrial gases (incl. pipelines)

Oligopoly

53.2%

Merchant gases (liquid bulk + packaged)

Competitive

43%

Industrial gases equipment (cryogenic & gas processing)

Competitive

3.8%

Linde plc segments

Full profile >

Americas

Oligopoly

44.7%

EMEA

Oligopoly

25.2%

APAC

Oligopoly

19.6%

Engineering

Competitive

6.6%

Other

Competitive

3.9%

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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.