WIDE MOAT STOCKS COMPARISON

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Stock Comparison

The Boeing Company vs Northrop Grumman Corporation

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

The Boeing Company

BA · New York Stock Exchange

Market cap (USD)$153B
Gross margin (TTM)4.7%
Operating margin (TTM)4.9%
Net margin (TTM)2.6%
SectorIndustrials
IndustryAerospace and defense
CountryUS
Data as of2026-08-23
61/100
Moat score

Weighted across the company's segments.

Full stock profile

Dive deeper into The Boeing Company's moat claims, evidence, and risks.

View BA analysis

Northrop Grumman Corporation

NOC · New York Stock Exchange

Market cap (USD)$67.6B
Gross margin (TTM)20.1%
Operating margin (TTM)10.7%
Net margin (TTM)10.5%
SectorIndustrials
IndustryAerospace and defense
CountryUS
Data as of2026-08-23
67/100
Moat score

Weighted across the company's segments.

Full stock profile

Dive deeper into Northrop Grumman Corporation's moat claims, evidence, and risks.

View NOC analysis

Comparison highlights

  • Moat score gap: Northrop Grumman Corporation leads (67 / 100 vs 61 / 100 for The Boeing Company).
  • Segment focus: The Boeing Company has 3 segments (44.8% in Commercial Airplanes (BCA)); Northrop Grumman Corporation has 4 segments (32% in Aeronautics Systems).
  • Primary market structure: Duopoly vs Oligopoly. Pricing power: Weak vs Moderate.
  • Moat breadth: The Boeing Company has 6 moat types across 3 domains; Northrop Grumman Corporation has 3 across 2.

Primary market context

The Boeing Company

Commercial Airplanes (BCA)

Market

Large commercial passenger and cargo aircraft manufacturing

Geography

Global

Customer

Airlines and aircraft lessors

Role

Aircraft manufacturer and systems integrator

Revenue share

44.8%

Northrop Grumman Corporation

Aeronautics Systems

Market

Military aircraft systems (manned & unmanned) plus sustainment/modernization

Geography

Global (primarily United States and allies)

Customer

U.S. government and allied governments

Role

Prime contractor and major subsystem supplier

Revenue share

32%

Side-by-side metrics

The Boeing Company
Northrop Grumman Corporation
Ticker / Exchange
BA - New York Stock Exchange
NOC - New York Stock Exchange
Market cap (USD)
$153B
$67.6B
Gross margin (TTM)
4.7%
20.1%
Operating margin (TTM)
4.9%
10.7%
Net margin (TTM)
2.6%
10.5%
Sector
Industrials
Industrials
Industry
Aerospace and defense
Aerospace and defense
HQ country
US
US
Primary segment
Commercial Airplanes (BCA)
Aeronautics Systems
Market structure
Duopoly
Oligopoly
Market share
n/a
n/a
HHI estimate
n/a
n/a
Pricing power
Weak
Moderate
Moat score
61 / 100
67 / 100
Moat domains
Supply, Demand, Legal
Demand, Supply
Last update
2026-09-05
2026-09-05

Moat coverage

Shared moat types

Design In Qualification

The Boeing Company strengths

Capex Knowhow ScaleGovernment Contracting RelationshipsLong Term ContractsService Field NetworkInstalled Base Consumables

Northrop Grumman Corporation strengths

Capacity MoatSwitching Costs General

Segment mix

The Boeing Company segments

Full profile >

Commercial Airplanes (BCA)

Duopoly

44.8%

Defense, Space & Security (BDS)

Oligopoly

32.3%

Global Services (BGS)

Competitive

22.9%

Northrop Grumman Corporation segments

Full profile >

Aeronautics Systems

Oligopoly

32%

Defense Systems

Oligopoly

18.7%

Mission Systems

Oligopoly

25.6%

Space Systems

Oligopoly

23.7%

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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.