VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

Stock Comparison

ASML Holding N.V. vs BE Semiconductor Industries N.V.

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

ASML Holding N.V.

ASML · Euronext Amsterdam

Market cap (USD)$617B
Gross margin (TTM)52.6%
Operating margin (TTM)34.8%
Net margin (TTM)29.7%
SectorTechnology
IndustrySemiconductors
CountryNL
Data as of2026-05-26
Moat score
75/ 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 ASML Holding N.V.'s moat claims, evidence, and risks.

View ASML analysis

BE Semiconductor Industries N.V.

BESI · Euronext Amsterdam

Market cap (USD)$25.5B
Gross margin (TTM)61.5%
Operating margin (TTM)31.3%
Net margin (TTM)24%
SectorTechnology
IndustrySemiconductors
CountryNL
Data as of2025-12-28
Moat score
75/ 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 BE Semiconductor Industries N.V.'s moat claims, evidence, and risks.

View BESI analysis

Comparison highlights

  • Moat score: both at 75 / 100.
  • Segment focus: ASML Holding N.V. has 4 segments (36.7% in DUV lithography systems); BE Semiconductor Industries N.V. has 2 segments (81% in Die Attach (incl. advanced die placement & hybrid bonding)).
  • Primary market structure: Oligopoly vs Oligopoly. Pricing power: Moderate vs Strong.
  • Moat breadth: ASML Holding N.V. has 7 moat types across 3 domains; BE Semiconductor Industries N.V. has 5 across 2.

Primary market context

ASML Holding N.V.

DUV lithography systems

Market

Deep ultraviolet (DUV) lithography systems

Geography

Global

Customer

Logic, memory, and specialty semiconductor fabs

Role

Wafer fab equipment (WFE) supplier

Revenue share

36.7%

BE Semiconductor Industries N.V.

Die Attach (incl. advanced die placement & hybrid bonding)

Market

Semiconductor assembly equipment - die attach & advanced die placement/hybrid bonding systems

Geography

Global

Customer

Semiconductor IDMs, foundries, and OSATs

Role

Capital equipment OEM (back-end/advanced packaging)

Revenue share

81%

Side-by-side metrics

ASML Holding N.V.
BE Semiconductor Industries N.V.
Ticker / Exchange
ASML - Euronext Amsterdam
BESI - Euronext Amsterdam
Market cap (USD)
$617B
$25.5B
Gross margin (TTM)
52.6%
61.5%
Operating margin (TTM)
34.8%
31.3%
Net margin (TTM)
29.7%
24%
Sector
Technology
Technology
Industry
Semiconductors
Semiconductors
HQ country
NL
NL
Primary segment
DUV lithography systems
Die Attach (incl. advanced die placement & hybrid bonding)
Market structure
Oligopoly
Oligopoly
Market share
n/a
42%-44% (reported)
HHI estimate
n/a
n/a
Pricing power
Moderate
Strong
Moat score
75 / 100
75 / 100
Moat domains
Supply, Demand, Network
Supply, Demand
Last update
2026-05-26
2025-12-28

Moat coverage

Shared moat types

Capex Knowhow ScaleSwitching Costs GeneralService Field NetworkInstalled Base Consumables

ASML Holding N.V. strengths

Supply Chain ControlBrand TrustEcosystem Complements

BE Semiconductor Industries N.V. strengths

Design In Qualification

Segment mix

ASML Holding N.V. segments

Full profile >

EUV lithography systems (incl. High-NA)

Monopoly

35.5%

DUV lithography systems

Oligopoly

36.7%

Applications, metrology and inspection

Oligopoly

2.5%

Installed Base Management (service, upgrades, field options)

Quasi-Monopoly

25.1%

BE Semiconductor Industries N.V. segments

Full profile >

Die Attach (incl. advanced die placement & hybrid bonding)

Oligopoly

81%

Packaging & Plating

Competitive

19%

Want the full wide moat stocks list?

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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.