VOL. XCIV, NO. 247
★ WIDE MOAT STOCKS COMPARISON ★
NO ADVICE
Friday, January 2, 2026
Stock Comparison
Canadian National Railway Company vs TC Energy Corporation
Compare moat strength, market structure, and segment coverage to understand how each company defends its edge.
Canadian National Railway Company
CNR · Toronto Stock Exchange
Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.
Full stock profile
Dive deeper into Canadian National Railway Company's moat claims, evidence, and risks.
View CNR analysisTC Energy Corporation
TRP · New York Stock Exchange
Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.
Full stock profile
Dive deeper into TC Energy Corporation's moat claims, evidence, and risks.
View TRP analysisComparison highlights
- Moat score gap: Canadian National Railway Company leads (97 / 100 vs 80 / 100 for TC Energy Corporation).
- Segment focus: Canadian National Railway Company has 2 segments (96.2% in Rail freight transportation network); TC Energy Corporation has 4 segments (46.1% in U.S. Natural Gas Pipelines).
- Primary market structure: Duopoly vs Oligopoly. Pricing power: Moderate vs Weak.
- Moat breadth: Canadian National Railway Company has 4 moat types across 2 domains; TC Energy Corporation has 4 across 3.
Primary market context
Canadian National Railway Company
Rail freight transportation network
Canadian Class I freight rail transportation
Canada (with U.S. cross-border corridors)
Industrial shippers, intermodal customers, and auto supply chains
Line-haul freight railway (Class I)
96.2%
TC Energy Corporation
U.S. Natural Gas Pipelines
U.S. interstate natural gas pipeline transportation (FERC-regulated)
United States
Utilities/LDCs, power generators, LNG/export facilities, industrial users and marketers (as shippers)
Midstream pipeline operator
46.1%
Side-by-side metrics
Moat coverage
Shared moat types
Canadian National Railway Company strengths
TC Energy Corporation strengths
Segment mix
Canadian National Railway Company segments
Full profile >Rail freight transportation network
Duopoly
Non-rail logistics and ancillary services
Competitive
TC Energy Corporation segments
Full profile >Canadian Natural Gas Pipelines
Quasi-Monopoly
U.S. Natural Gas Pipelines
Oligopoly
Mexico Natural Gas Pipelines
Oligopoly
Power and Energy Solutions
Competitive
Want the full wide moat stocks list?
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View the moat stocks listCuration & 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.