VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

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Monday, January 5, 2026

Wide Moat Stocks Home My Collections

Stock Comparison

Brookfield Infrastructure Partners L.P. vs Euronext N.V.

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

Brookfield Infrastructure Partners L.P.

BIP · New York Stock Exchange

Market cap (USD)$15.9B

Gross margin (TTM)26.4%

Operating margin (TTM)24.6%

Net margin (TTM)3.6%

SectorUtilities

IndustryDiversified Utilities

CountryBM

Data as of2025-12-31

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 Brookfield Infrastructure Partners L.P.'s moat claims, evidence, and risks.

View BIP analysis

Euronext N.V.

ENX · Euronext Paris

Market cap (USD)—

Gross margin (TTM)—

Operating margin (TTM)—

Net margin (TTM)—

SectorFinancials

Industry—

CountryNL

Data as of2026-01-03

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 Euronext N.V.'s moat claims, evidence, and risks.

View ENX analysis

Comparison highlights

Moat score: both at 74 / 100.
Segment focus: Brookfield Infrastructure Partners L.P. has 4 segments; Euronext N.V. has 7 segments (34.4% in Trading).
Primary market structure: Quasi-Monopoly vs Oligopoly. Pricing power: Moderate vs Moderate.
Moat breadth: Brookfield Infrastructure Partners L.P. has 4 moat types across 3 domains; Euronext N.V. has 7 across 4.

Primary market context

Brookfield Infrastructure Partners L.P.

Utilities

Market

Regulated and contracted utility infrastructure (electric transmission, gas pipelines/distribution, metering and residential energy services)

Geography

Global

Customer

Regulators and contracted counterparties; residential and commercial end-users via utility networks

Role

Owner-operator of regulated networks and contracted utility assets

Euronext N.V.

Trading

Market

Multi-asset exchange trading venues (cash equities, derivatives, fixed income, FX, power)

Geography

Europe (with global participants)

Customer

Broker-dealers, banks, proprietary trading firms, asset managers, and other market participants

Role

Trading venue operator

Revenue share

34.4%

Side-by-side metrics

Brookfield Infrastructure Partners L.P.

Euronext N.V.

Ticker / Exchange

BIP - New York Stock Exchange

ENX - Euronext Paris

Market cap (USD)

$15.9B

n/a

Gross margin (TTM)

26.4%

n/a

Operating margin (TTM)

24.6%

n/a

Net margin (TTM)

3.6%

n/a

Sector

Utilities

Financials

Industry

Diversified Utilities

n/a

HQ country

Primary segment

Utilities

Trading

Market structure

Quasi-Monopoly

Oligopoly

Market share

n/a

64.8% (reported)

HHI estimate

n/a

Pricing power

Moderate

Moat score

74 / 100

Moat domains

Legal, Demand, Supply

Legal, Network, Supply, Demand

Last update

2025-12-31

2026-01-03

Moat coverage

Shared moat types

Concession License

Brookfield Infrastructure Partners L.P. strengths

Long Term ContractsPhysical Network DensityScale Economies Unit Cost

Euronext N.V. strengths

Two Sided NetworkOperational ExcellenceIP Choke PointFormat Lock InClearing SettlementData Workflow Lockin

Segment mix

Brookfield Infrastructure Partners L.P. segments

Full profile >

Utilities

Quasi-Monopoly

n/a

Transport

Oligopoly

n/a

Midstream

Oligopoly

n/a

Data

Oligopoly

n/a

Euronext N.V. segments

Full profile >

Listing

Oligopoly

14.3%

Trading

Oligopoly

34.4%

Advanced Data Services

Quasi-Monopoly

14.9%

Clearing

Oligopoly

12.4%

Custody & Settlement

Quasi-Monopoly

16.6%

Technology Solutions & Other

Competitive

6.5%

Investor Services

Competitive

0.9%

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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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.