VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

NO ADVICE

Wednesday, January 14, 2026

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Stock Comparison

Blackstone Inc. vs S&P Global Inc.

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

Blackstone Inc.

BX · New York Stock Exchange

Market cap (USD)—

Gross margin (TTM)—

Operating margin (TTM)—

Net margin (TTM)—

SectorFinancials

Industry—

CountryUS

Data as of2026-01-12

Moat score

61/ 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 Blackstone Inc.'s moat claims, evidence, and risks.

View BX analysis

S&P Global Inc.

SPGI · New York Stock Exchange

Market cap (USD)$164.1B

Gross margin (TTM)70%

Operating margin (TTM)40.7%

Net margin (TTM)27.5%

SectorFinancials

IndustryFinancial - Data & Stock Exchanges

CountryUS

Data as of2025-12-21

Moat score

77/ 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 S&P Global Inc.'s moat claims, evidence, and risks.

View SPGI analysis

Comparison highlights

Moat score gap: S&P Global Inc. leads (77 / 100 vs 61 / 100 for Blackstone Inc.).
Segment focus: Blackstone Inc. has 4 segments; S&P Global Inc. has 5 segments (32.6% in S&P Global Market Intelligence).
Primary market structure: Oligopoly vs Oligopoly. Pricing power: n/a vs Moderate.
Moat breadth: Blackstone Inc. has 8 moat types across 2 domains; S&P Global Inc. has 9 across 5.

Primary market context

Blackstone Inc.

Real Estate

Market

Private real estate investment management (opportunistic, core/core+, real estate debt, and perpetual/private-wealth real estate vehicles)

Geography

Global

Customer

Institutional investors and individual investors (via private wealth channels)

Role

Alternative asset manager / GP / investment adviser

S&P Global Inc.

S&P Global Market Intelligence

Market

Financial market data, analytics, and workflow tools for institutions

Geography

Global

Customer

B2B (institutional investors, banks, insurers, corporates)

Role

Data/analytics and workflow software provider

Revenue share

32.6%

Side-by-side metrics

Blackstone Inc.

S&P Global Inc.

Ticker / Exchange

BX - New York Stock Exchange

SPGI - New York Stock Exchange

Market cap (USD)

n/a

$164.1B

Gross margin (TTM)

n/a

70%

Operating margin (TTM)

n/a

40.7%

Net margin (TTM)

n/a

27.5%

Sector

Financials

Industry

n/a

Financial - Data & Stock Exchanges

HQ country

Primary segment

Real Estate

S&P Global Market Intelligence

Market structure

Oligopoly

Market share

n/a

HHI estimate

n/a

Pricing power

n/a

Moderate

Moat score

61 / 100

77 / 100

Moat domains

Supply, Demand

Demand, Supply, Legal, Network, Financial

Last update

2026-01-12

2025-12-21

Moat coverage

Shared moat types

Brand TrustScope Economies

Blackstone Inc. strengths

Scale Economies Unit CostLong Term ContractsDistribution ControlOperational ExcellencePreferential Input AccessSuite Bundling

S&P Global Inc. strengths

Data Workflow LockinRegulated Standards PipeDe Facto StandardCompliance AdvantageSwitching Costs GeneralEcosystem ComplementsBenchmark Pricing Power

Segment mix

Blackstone Inc. segments

Full profile >

Real Estate

Oligopoly

n/a

Private Equity

Oligopoly

n/a

Credit & Insurance

Oligopoly

n/a

Multi-Asset Investing

Oligopoly

n/a

S&P Global Inc. segments

Full profile >

S&P Global Market Intelligence

Oligopoly

32.6%

S&P Global Ratings

Oligopoly

29.6%

S&P Global Commodity Insights

Oligopoly

15.1%

S&P Global Mobility

Competitive

11.3%

S&P Dow Jones Indices

Oligopoly

11.4%

Want the full wide moat stocks list?

Browse the full ranking of wide moat stocks, updated with moat scores and segment context.

View the moat stocks list

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.