WIDE MOAT STOCKS COMPARISON

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Stock Comparison

BlackRock, Inc. vs Manulife Financial Corporation

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

BlackRock, Inc.

BLK · New York Stock Exchange

Market cap (USD)$196.8B
Gross margin (TTM)—
Operating margin (TTM)32.5%
Net margin (TTM)24.2%
SectorFinancials
IndustryAsset management
CountryUS
Data as of2026-08-23
68/100
Moat score

Weighted across the company's segments.

Full stock profile

Dive deeper into BlackRock, Inc.'s moat claims, evidence, and risks.

View BLK analysis

Manulife Financial Corporation

MFC · Toronto Stock Exchange

Market cap (USD)$73.2B
Gross margin (TTM)—
Operating margin (TTM)—
Net margin (TTM)10.3%
SectorFinancials
IndustryInsurance
CountryCA
Data as of2026-08-23
53/100
Moat score

Weighted across the company's segments.

Full stock profile

Dive deeper into Manulife Financial Corporation's moat claims, evidence, and risks.

View MFC analysis

Comparison highlights

  • Moat score gap: BlackRock, Inc. leads (68 / 100 vs 53 / 100 for Manulife Financial Corporation).
  • Segment focus: BlackRock, Inc. has 7 segments (33.4% in iShares ETFs & ETPs); Manulife Financial Corporation has 5 segments (30% in U.S.).
  • Primary market structure: Oligopoly vs Competitive. Pricing power: Moderate vs Moderate.
  • Moat breadth: BlackRock, Inc. has 6 moat types across 2 domains; Manulife Financial Corporation has 2 across 2.

Primary market context

BlackRock, Inc.

iShares ETFs & ETPs

Market

Exchange-traded funds (ETFs) and exchange-traded products (ETPs)

Geography

Global

Customer

Institutional and retail (via intermediaries)

Role

ETF sponsor / asset manager

Revenue share

33.4%

Manulife Financial Corporation

U.S.

Market

U.S. life insurance, indexed and variable universal life, insurance-based wealth accumulation, HNW planning, behavioural insurance, and legacy LTC/annuity blocks

Geography

United States

Customer

Mass-affluent, high-net-worth, estate-planning, protection, wealth-accumulation, LTC, and annuity customers

Role

Life insurer, HNW insurance provider, behavioural insurance platform, underwriter, reinsurer-managed legacy-block owner, and advisor-distributed insurer

Revenue share

30%

Side-by-side metrics

BlackRock, Inc.
Manulife Financial Corporation
Ticker / Exchange
BLK - New York Stock Exchange
MFC - Toronto Stock Exchange
Market cap (USD)
$196.8B
$73.2B
Gross margin (TTM)
n/a
n/a
Operating margin (TTM)
32.5%
n/a
Net margin (TTM)
24.2%
10.3%
Sector
Financials
Financials
Industry
Asset management
Insurance
HQ country
US
CA
Primary segment
iShares ETFs & ETPs
U.S.
Market structure
Oligopoly
Competitive
Market share
27.3% (reported)
2.5% (reported)
HHI estimate
n/a
n/a
Pricing power
Moderate
Moderate
Moat score
68 / 100
53 / 100
Moat domains
Supply, Demand
Supply, Demand
Last update
2026-09-05
2026-09-05

Moat coverage

Shared moat types

Brand Trust

BlackRock, Inc. strengths

Scale Economies Unit CostOperational ExcellenceLong Term ContractsData Workflow LockinSuite Bundling

Manulife Financial Corporation strengths

Distribution Control

Segment mix

BlackRock, Inc. segments

Full profile >

iShares ETFs & ETPs

Oligopoly

33.4%

Institutional Index Mandates (Non-ETF)

Oligopoly

5.5%

Active & Multi-Asset (Public Markets)

Competitive

23.5%

Alternatives & Private Markets

Oligopoly

17.6%

Cash Management (MMFs & cash solutions)

Competitive

5.1%

Aladdin & Technology Services

Oligopoly

8.2%

Distribution & Advisory Services

Competitive

6.7%

Manulife Financial Corporation segments

Full profile >

Asia

Competitive

29.8%

Global Wealth and Asset Management

Competitive

12.1%

Canada

Oligopoly

25.7%

U.S.

Competitive

30%

Corporate and Other

Competitive

2.4%

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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.