VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

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Sunday, January 11, 2026

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Stock Comparison

ASM International N.V. vs Global Payments Inc.

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

ASM International N.V.

ASM · Euronext Amsterdam

Market cap (USD)$30.5B

Gross margin (TTM)51.9%

Operating margin (TTM)30.1%

Net margin (TTM)23.9%

SectorTechnology

IndustrySemiconductors

CountryNL

Data as of2025-12-29

Moat score

74/ 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 ASM International N.V.'s moat claims, evidence, and risks.

View ASM analysis

Global Payments Inc.

GPN · New York Stock Exchange

Market cap (USD)$18.8B

Gross margin (TTM)—

Operating margin (TTM)—

Net margin (TTM)—

SectorFinancials

Industry—

CountryUS

Data as of2026-01-10

Moat score

62/ 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 Global Payments Inc.'s moat claims, evidence, and risks.

View GPN analysis

Comparison highlights

Moat score gap: ASM International N.V. leads (74 / 100 vs 62 / 100 for Global Payments Inc.).
Segment focus: ASM International N.V. has 3 segments; Global Payments Inc. has 2 segments (76.1% in Merchant Solutions).
Primary market structure: Quasi-Monopoly vs Competitive. Pricing power: n/a vs Moderate.
Moat breadth: ASM International N.V. has 5 moat types across 3 domains; Global Payments Inc. has 6 across 4.

Primary market context

ASM International N.V.

ALD equipment

Market

Single-wafer atomic layer deposition (ALD) equipment for semiconductor manufacturing

Geography

Global

Customer

Semiconductor manufacturers (logic/foundry, memory)

Role

Wafer fab equipment supplier

Global Payments Inc.

Merchant Solutions

Market

Merchant acquiring and integrated payments (card-present and e-commerce)

Geography

Global

Customer

Merchants (SMB to enterprise) and software platforms

Role

Acquirer and payment processor

Revenue share

76.1%

Side-by-side metrics

ASM International N.V.

Global Payments Inc.

Ticker / Exchange

ASM - Euronext Amsterdam

GPN - New York Stock Exchange

Market cap (USD)

$30.5B

$18.8B

Gross margin (TTM)

51.9%

n/a

Operating margin (TTM)

30.1%

n/a

Net margin (TTM)

23.9%

n/a

Sector

Technology

Financials

Industry

Semiconductors

n/a

HQ country

Primary segment

ALD equipment

Merchant Solutions

Market structure

Quasi-Monopoly

Competitive

Market share

55%-60% (reported)

n/a

HHI estimate

n/a

Pricing power

n/a

Moderate

Moat score

74 / 100

62 / 100

Moat domains

Supply, Demand, Legal

Network, Demand, Supply, Legal

Last update

2025-12-29

2026-01-10

Moat coverage

Shared moat types

No overlap yet.

ASM International N.V. strengths

Learning Curve YieldDesign In QualificationIP Choke PointInstalled Base ConsumablesService Field Network

Global Payments Inc. strengths

Ecosystem ComplementsData Workflow LockinScale Economies Unit CostLong Term ContractsSwitching Costs GeneralCompliance Advantage

Segment mix

ASM International N.V. segments

Full profile >

ALD equipment

Quasi-Monopoly

n/a

Silicon epitaxy equipment

Oligopoly

n/a

Spares and services

Quasi-Monopoly

n/a

Global Payments Inc. segments

Full profile >

Merchant Solutions

Competitive

76.1%

Issuer Solutions

Oligopoly

24.6%

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.

View expansion-stage stocks

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.