WIDE MOAT STOCKS COMPARISON

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Stock Comparison

Canadian National Railway Company vs United Parcel Service, Inc.

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

Canadian National Railway Company

CNR · Toronto Stock Exchange

Market cap (USD)$72.2B
Gross margin (TTM)—
Operating margin (TTM)37.5%
Net margin (TTM)26.9%
SectorIndustrials
IndustryTransport and logistics
CountryCA
Data as of2026-08-23
96/100
Moat score

Weighted across the company's segments.

Full stock profile

Dive deeper into Canadian National Railway Company's moat claims, evidence, and risks.

View CNR analysis

United Parcel Service, Inc.

UPS · New York Stock Exchange

Market cap (USD)$86.9B
Gross margin (TTM)16.6%
Operating margin (TTM)7.3%
Net margin (TTM)5.1%
SectorIndustrials
IndustryTransport and logistics
CountryUS
Data as of2026-08-23
67/100
Moat score

Weighted across the company's segments.

Full stock profile

Dive deeper into United Parcel Service, Inc.'s moat claims, evidence, and risks.

View UPS analysis

Comparison highlights

  • Moat score gap: Canadian National Railway Company leads (96 / 100 vs 67 / 100 for United Parcel Service, Inc.).
  • Segment focus: Canadian National Railway Company has 2 segments (96.4% in Rail freight transportation network); United Parcel Service, Inc. has 3 segments (65.4% in U.S. Domestic Package).
  • Primary market structure: Duopoly vs Oligopoly. Pricing power: Moderate vs Moderate.
  • Moat breadth: Canadian National Railway Company has 3 moat types across 2 domains; United Parcel Service, Inc. has 2 across 1.

Primary market context

Canadian National Railway Company

Rail freight transportation network

Market

Canadian Class I freight rail with U.S. Midwest and Gulf extensions

Geography

Canada and U.S. cross-border corridors, with 18,900 route-miles at June 30, 2026

Customer

Industrial shippers, intermodal customers, and auto supply chains

Role

Line-haul freight railway (Class I)

Revenue share

96.4%

United Parcel Service, Inc.

U.S. Domestic Package

Market

U.S. small parcel and time-definite package delivery

Geography

United States

Customer

B2B and B2C shippers (including e-commerce)

Role

Integrated parcel carrier (pickup, sort, linehaul, last-mile)

Revenue share

65.4%

Side-by-side metrics

Canadian National Railway Company
United Parcel Service, Inc.
Ticker / Exchange
CNR - Toronto Stock Exchange
UPS - New York Stock Exchange
Market cap (USD)
$72.2B
$86.9B
Gross margin (TTM)
n/a
16.6%
Operating margin (TTM)
37.5%
7.3%
Net margin (TTM)
26.9%
5.1%
Sector
Industrials
Industrials
Industry
Transport and logistics
Transport and logistics
HQ country
CA
US
Primary segment
Rail freight transportation network
U.S. Domestic Package
Market structure
Duopoly
Oligopoly
Market share
n/a
29.7% (reported)
HHI estimate
n/a
2,320
Pricing power
Moderate
Moderate
Moat score
96 / 100
67 / 100
Moat domains
Legal, Supply
Supply
Last update
2026-09-05
2026-09-05

Moat coverage

Shared moat types

Physical Network Density

Canadian National Railway Company strengths

Permits Rights Of WayScale Economies Unit Cost

United Parcel Service, Inc. strengths

Service Field Network

Segment mix

Canadian National Railway Company segments

Full profile >

Rail freight transportation network

Duopoly

96.4%

Non-rail logistics and ancillary services

Competitive

3.6%

United Parcel Service, Inc. segments

Full profile >

U.S. Domestic Package

Oligopoly

65.4%

International Package

Oligopoly

22.1%

Supply Chain Solutions

Competitive

12.5%

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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).

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