VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

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Sunday, January 11, 2026

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Stock Comparison

Barry Callebaut AG vs FedEx Corporation

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

Barry Callebaut AG

BARN · SIX Swiss Exchange

Market cap (USD)$7.1B

Gross margin (TTM)11.1%

Operating margin (TTM)4.6%

Net margin (TTM)1.5%

SectorConsumer

IndustryFood Confectioners

CountryCH

Data as of2025-12-29

Moat score

63/ 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 Barry Callebaut AG's moat claims, evidence, and risks.

View BARN analysis

FedEx Corporation

FDX · New York Stock Exchange

Market cap (USD)—

Gross margin (TTM)—

Operating margin (TTM)—

Net margin (TTM)—

SectorIndustrials

Industry—

CountryUS

Data as of2026-01-10

Moat score

72/ 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 FedEx Corporation's moat claims, evidence, and risks.

View FDX analysis

Comparison highlights

Moat score gap: FedEx Corporation leads (72 / 100 vs 63 / 100 for Barry Callebaut AG).
Segment focus: Barry Callebaut AG has 2 segments (68.7% in Global Chocolate); FedEx Corporation has 3 segments (85.6% in Federal Express (integrated parcel & express)).
Moat breadth: Barry Callebaut AG has 6 moat types across 2 domains; FedEx Corporation has 6 across 4.

Primary market context

Barry Callebaut AG

Global Chocolate

Market

Chocolate ingredients and solutions (B2B) for food manufacturers and professional/artisan customers

Geography

Global

Customer

Industrial food manufacturers; professional/artisan users (chocolatiers, bakers, pastry chefs, foodservice)

Role

Ingredient manufacturer / solutions provider

Revenue share

68.7%

FedEx Corporation

Federal Express (integrated parcel & express)

Market

Integrated parcel and express delivery (air-ground integrator model)

Geography

Global

Customer

Business and consumer shippers

Role

Carrier / integrator

Revenue share

85.6%

Side-by-side metrics

Barry Callebaut AG

FedEx Corporation

Ticker / Exchange

BARN - SIX Swiss Exchange

FDX - New York Stock Exchange

Market cap (USD)

$7.1B

n/a

Gross margin (TTM)

11.1%

n/a

Operating margin (TTM)

4.6%

n/a

Net margin (TTM)

1.5%

n/a

Sector

Consumer

Industrials

Industry

Food Confectioners

n/a

HQ country

Primary segment

Global Chocolate

Federal Express (integrated parcel & express)

Market structure

Oligopoly

Market share

n/a

18% (reported)

HHI estimate

n/a

2,464

Pricing power

Moderate

Moat score

63 / 100

72 / 100

Moat domains

Supply, Demand

Supply, Demand, Financial, Network

Last update

2025-12-29

2026-01-10

Moat coverage

Shared moat types

Brand TrustScale Economies Unit Cost

Barry Callebaut AG strengths

Capex Knowhow ScaleSupply Chain ControlCost-plus pass-through modelPreferential Input Access

FedEx Corporation strengths

Physical Network DensityBenchmark Pricing PowerScope EconomiesData Network Effects

Segment mix

Barry Callebaut AG segments

Full profile >

Global Chocolate

Oligopoly

68.7%

Global Cocoa

Oligopoly

31.3%

FedEx Corporation segments

Full profile >

Federal Express (integrated parcel & express)

Oligopoly

85.6%

FedEx Freight (LTL)

Oligopoly

10.1%

Corporate, other, and eliminations (Dataworks, Office, Logistics)

Competitive

4.2%

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.