VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

NO ADVICE

Tuesday, January 6, 2026

Stock Comparison

Brookfield Asset Management Ltd. vs Berkshire Hathaway Inc.

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

Brookfield Asset Management Ltd.

BAM · New York Stock Exchange

Market cap (USD)$88.3B
Gross margin (TTM)68.4%
Operating margin (TTM)66.6%
Net margin (TTM)58.3%
SectorFinancials
IndustryAsset Management
CountryCA
Data as of2026-01-05
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 Brookfield Asset Management Ltd.'s moat claims, evidence, and risks.

View BAM analysis

Berkshire Hathaway Inc.

BRK.B · New York Stock Exchange

Market cap (USD)
Gross margin (TTM)28.7%
Operating margin (TTM)15.8%
Net margin (TTM)17.8%
SectorFinancials
Industry
CountryUS
Data as of2025-12-30
Moat score
64/ 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 Berkshire Hathaway Inc.'s moat claims, evidence, and risks.

View BRK.B analysis

Comparison highlights

  • Moat score gap: Brookfield Asset Management Ltd. leads (75 / 100 vs 64 / 100 for Berkshire Hathaway Inc.).
  • Segment focus: Brookfield Asset Management Ltd. has 5 segments (30.3% in Credit); Berkshire Hathaway Inc. has 11 segments (28.3% in Insurance (underwriting + investment income)).
  • Primary market structure: Oligopoly vs Competitive. Pricing power: Moderate vs n/a.
  • Moat breadth: Brookfield Asset Management Ltd. has 4 moat types across 2 domains; Berkshire Hathaway Inc. has 17 across 4.

Primary market context

Brookfield Asset Management Ltd.

Credit

Market

Private credit, opportunistic credit, and multi-strategy credit asset management

Geography

Global

Customer

Institutional investors, insurance accounts, and private wealth investors

Role

Alternative credit manager / asset manager

Revenue share

30.3%

Berkshire Hathaway Inc.

Insurance (underwriting + investment income)

Market

Insurance and reinsurance (property and casualty + life/health), including float-funded investing

Geography

Global

Customer

Consumers and businesses (policyholders) and insurers (reinsurance cedents)

Role

Underwriter and reinsurer plus investment manager of float

Revenue share

28.3%

Side-by-side metrics

Brookfield Asset Management Ltd.
Berkshire Hathaway Inc.
Ticker / Exchange
BAM - New York Stock Exchange
BRK.B - New York Stock Exchange
Market cap (USD)
$88.3B
n/a
Gross margin (TTM)
68.4%
28.7%
Operating margin (TTM)
66.6%
15.8%
Net margin (TTM)
58.3%
17.8%
Sector
Financials
Financials
Industry
Asset Management
n/a
HQ country
CA
US
Primary segment
Credit
Insurance (underwriting + investment income)
Market structure
Oligopoly
Competitive
Market share
n/a
n/a
HHI estimate
n/a
n/a
Pricing power
Moderate
n/a
Moat score
75 / 100
64 / 100
Moat domains
Demand, Supply
Financial, Supply, Demand, Legal
Last update
2026-01-05
2025-12-30

Moat coverage

Shared moat types

Long Term ContractsBrand Trust

Brookfield Asset Management Ltd. strengths

Operational ExcellenceReputation Reviews

Berkshire Hathaway Inc. strengths

Float PrepaymentCapacity MoatPhysical Network DensityConcession LicensePermits Rights Of WayDesign In QualificationCapex Knowhow ScaleIP Choke PointScale Economies Unit CostDistribution ControlTraining Org Change CostsPreferential Input AccessService Field NetworkScope EconomiesCost Of Capital Advantage

Segment mix

Brookfield Asset Management Ltd. segments

Full profile >

Renewable Power and Transition

Oligopoly

13.6%

Infrastructure

Oligopoly

25.5%

Real Estate

Oligopoly

20.6%

Private Equity

Oligopoly

10%

Credit

Oligopoly

30.3%

Berkshire Hathaway Inc. segments

Full profile >

Insurance (underwriting + investment income)

Competitive

28.3%

BNSF Railway (freight rail transportation)

Oligopoly

6.4%

Berkshire Hathaway Energy (regulated utilities, pipelines, renewables)

Monopoly

7.1%

Industrial products manufacturing (PCC, Lubrizol, IMC, Marmon, etc.)

Oligopoly

9.7%

Building products & housing (Clayton Homes, Shaw, Johns Manville, Benjamin Moore, etc.)

Competitive

7.2%

Consumer products manufacturing (Duracell, Forest River, apparel/footwear, toys, etc.)

Competitive

4%

Service businesses (FlightSafety, NetJets, TTI, Dairy Queen, etc.)

Competitive

5.6%

Retailing businesses (Berkshire Hathaway Automotive, home furnishings, jewelry, See's, etc.)

Competitive

5.2%

Pilot Travel Centers (travel centers + wholesale fuel marketing)

Oligopoly

12.6%

McLane (wholesale distribution to convenience stores and restaurants)

Oligopoly

14%

Holding company capital allocation and investing

Competitive

n/a

Want the full wide moat stocks list?

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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.