WIDE MOAT STOCKS COMPARISON

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Stock Comparison

BlackRock, Inc. vs MSCI Inc.

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

MSCI Inc.

MSCI · New York Stock Exchange

Market cap (USD)$47B
Gross margin (TTM)—
Operating margin (TTM)55.7%
Net margin (TTM)40.3%
SectorFinancials
IndustryExchanges and financial data
CountryUS
Data as of2026-08-23
82/100
Moat score

Weighted across the company's segments.

Full stock profile

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

View MSCI analysis

Comparison highlights

  • Moat score gap: MSCI Inc. leads (82 / 100 vs 68 / 100 for BlackRock, Inc.).
  • Segment focus: BlackRock, Inc. has 7 segments (33.4% in iShares ETFs & ETPs); MSCI Inc. has 4 segments (57% in Index).
  • Primary market structure: Oligopoly vs Oligopoly. Pricing power: Moderate vs Strong.
  • Moat breadth: BlackRock, Inc. has 6 moat types across 2 domains; MSCI Inc. 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%

MSCI Inc.

Index

Market

Investment indexes and index licensing

Geography

Global

Customer

Institutional investors and asset managers

Role

Index provider / benchmark administrator

Revenue share

57%

Side-by-side metrics

BlackRock, Inc.
MSCI Inc.
Ticker / Exchange
BLK - New York Stock Exchange
MSCI - New York Stock Exchange
Market cap (USD)
$196.8B
$47B
Gross margin (TTM)
n/a
n/a
Operating margin (TTM)
32.5%
55.7%
Net margin (TTM)
24.2%
40.3%
Sector
Financials
Financials
Industry
Asset management
Exchanges and financial data
HQ country
US
US
Primary segment
iShares ETFs & ETPs
Index
Market structure
Oligopoly
Oligopoly
Market share
27.3% (reported)
n/a
HHI estimate
n/a
n/a
Pricing power
Moderate
Strong
Moat score
68 / 100
82 / 100
Moat domains
Supply, Demand
Network, Demand
Last update
2026-09-05
2026-09-05

Moat coverage

Shared moat types

Data Workflow Lockin

BlackRock, Inc. strengths

Scale Economies Unit CostBrand TrustOperational ExcellenceLong Term ContractsSuite Bundling

MSCI Inc. strengths

De Facto Standard

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%

MSCI Inc. segments

Full profile >

Index

Oligopoly

57%

Analytics

Oligopoly

22.8%

Sustainability and Climate

Competitive

11.3%

Private Assets

Competitive

8.9%

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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.