VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

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Wednesday, January 7, 2026

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Stock Comparison

Brookfield Corporation vs Caterpillar Inc.

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

Brookfield Corporation

BN · New York Stock Exchange

Market cap (USD)$109.6B
Gross margin (TTM)34.5%
Operating margin (TTM)24.1%
Net margin (TTM)1.3%
SectorFinancials
IndustryAsset Management
CountryCA
Data as of2026-01-05
Moat score
65/ 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 Corporation's moat claims, evidence, and risks.

View BN analysis

Caterpillar Inc.

CAT · New York Stock Exchange

Market cap (USD)$288.6B
Gross margin (TTM)33.9%
Operating margin (TTM)17.7%
Net margin (TTM)14.3%
SectorIndustrials
IndustryAgricultural - Machinery
CountryUS
Data as of2025-12-25
Moat score
68/ 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 Caterpillar Inc.'s moat claims, evidence, and risks.

View CAT analysis

Comparison highlights

  • Moat score gap: Caterpillar Inc. leads (68 / 100 vs 65 / 100 for Brookfield Corporation).
  • Segment focus: Brookfield Corporation has 6 segments; Caterpillar Inc. has 5 segments (40.7% in Energy & Transportation).
  • Moat breadth: Brookfield Corporation has 10 moat types across 5 domains; Caterpillar Inc. has 9 across 4.

Primary market context

Brookfield Corporation

Asset Management

Market

Alternative asset management (private markets: infrastructure, renewables, private equity, real estate, credit)

Geography

Global

Customer

Institutional investors and private wealth channels

Role

General partner (GP) / asset manager

Caterpillar Inc.

Energy & Transportation

Market

Off-highway engines, power generation, turbines, locomotives and related services

Geography

Global

Customer

Energy companies, industrial customers, OEMs, rail and marine operators

Role

OEM + aftermarket parts/service

Revenue share

40.7%

Side-by-side metrics

Brookfield Corporation
Caterpillar Inc.
Ticker / Exchange
BN - New York Stock Exchange
CAT - New York Stock Exchange
Market cap (USD)
$109.6B
$288.6B
Gross margin (TTM)
34.5%
33.9%
Operating margin (TTM)
24.1%
17.7%
Net margin (TTM)
1.3%
14.3%
Sector
Financials
Industrials
Industry
Asset Management
Agricultural - Machinery
HQ country
CA
US
Primary segment
Asset Management
Energy & Transportation
Market structure
Oligopoly
Oligopoly
Market share
n/a
n/a
HHI estimate
n/a
n/a
Pricing power
Moderate
Moderate
Moat score
65 / 100
68 / 100
Moat domains
Demand, Network, Financial, Supply, Legal
Supply, Demand, Financial, Network
Last update
2026-01-05
2025-12-25

Moat coverage

Shared moat types

Ecosystem ComplementsBrand TrustCapex Knowhow Scale

Brookfield Corporation strengths

Long Term ContractsFloat PrepaymentCost Of Capital AdvantagePermits Rights Of WayPhysical Network DensityOperational ExcellenceGeographic Natural

Caterpillar Inc. strengths

Distribution ControlInstalled Base ConsumablesService Field NetworkDesign In QualificationSuite BundlingUnderwriting Risk Pooling

Segment mix

Brookfield Corporation segments

Full profile >

Asset Management

Oligopoly

n/a

Wealth Solutions (Insurance)

Competitive

n/a

Renewable Power and Transition

Competitive

n/a

Infrastructure

Oligopoly

n/a

Private Equity (Operating Businesses)

Competitive

n/a

Real Estate

Competitive

n/a

Caterpillar Inc. segments

Full profile >

Construction Industries

Oligopoly

35.9%

Resource Industries

Oligopoly

17.5%

Energy & Transportation

Oligopoly

40.7%

Financial Products

Competitive

5.3%

All Other

Competitive

0.6%

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.