VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

NO ADVICE

Wednesday, January 7, 2026

Stock Comparison

Cochlear Limited vs Copart, Inc.

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

Cochlear Limited

COH · ASX

Market cap (USD)$17B
Gross margin (TTM)74.5%
Operating margin (TTM)22.7%
Net margin (TTM)16.2%
SectorHealthcare
IndustryMedical - Devices
CountryAU
Data as of2026-01-04
Moat score
81/ 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 Cochlear Limited's moat claims, evidence, and risks.

View COH analysis

Copart, Inc.

CPRT · The NASDAQ Global Select Market

Market cap (USD)$37.3B
Gross margin (TTM)45.6%
Operating margin (TTM)37%
Net margin (TTM)34.2%
SectorIndustrials
IndustryAuto - Dealerships
CountryUS
Data as of2025-12-28
Moat score
71/ 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 Copart, Inc.'s moat claims, evidence, and risks.

View CPRT analysis

Comparison highlights

  • Moat score gap: Cochlear Limited leads (81 / 100 vs 71 / 100 for Copart, Inc.).
  • Segment focus: Cochlear Limited has 3 segments (62.4% in Cochlear Implants); Copart, Inc. has 2 segments (83% in United States).
  • Primary market structure: Oligopoly vs Oligopoly. Pricing power: Moderate vs n/a.
  • Moat breadth: Cochlear Limited has 8 moat types across 3 domains; Copart, Inc. has 5 across 5.

Primary market context

Cochlear Limited

Cochlear Implants

Market

Cochlear implant systems (internal implant + external sound processors) for severe-to-profound hearing loss

Geography

Global

Customer

Hospitals/ENT clinics and audiology programs (providers) serving implant candidates/recipients; reimbursed by public/private payers

Role

Medical device OEM / platform owner (implant + processor + fitting software + clinical support)

Revenue share

62.4%

Copart, Inc.

United States

Market

Online salvage & used vehicle remarketing services

Geography

United States

Customer

Vehicle sellers (insurance carriers, dealers, fleets) and vehicle buyers (dismantlers, rebuilders, dealers, exporters, consumers)

Role

Intermediary marketplace + ancillary services (transport, storage, title)

Revenue share

83%

Side-by-side metrics

Cochlear Limited
Copart, Inc.
Ticker / Exchange
COH - ASX
CPRT - The NASDAQ Global Select Market
Market cap (USD)
$17B
$37.3B
Gross margin (TTM)
74.5%
45.6%
Operating margin (TTM)
22.7%
37%
Net margin (TTM)
16.2%
34.2%
Sector
Healthcare
Industrials
Industry
Medical - Devices
Auto - Dealerships
HQ country
AU
US
Primary segment
Cochlear Implants
United States
Market structure
Oligopoly
Oligopoly
Market share
60%-65% (reported)
n/a
HHI estimate
n/a
n/a
Pricing power
Moderate
n/a
Moat score
81 / 100
71 / 100
Moat domains
Demand, Legal, Supply
Network, Supply, Demand, Legal, Financial
Last update
2026-01-04
2025-12-28

Moat coverage

Shared moat types

Compliance AdvantageService Field NetworkData Workflow Lockin

Cochlear Limited strengths

Brand TrustCapex Knowhow ScaleIP Choke PointInstalled Base ConsumablesFormat Lock In

Copart, Inc. strengths

Two Sided NetworkBenchmark Pricing Power

Segment mix

Cochlear Limited segments

Full profile >

Cochlear Implants

Oligopoly

62.4%

Services

Monopoly

25.9%

Acoustics

Oligopoly

11.7%

Copart, Inc. segments

Full profile >

United States

Oligopoly

83%

International

Competitive

17%

Want the full wide moat stocks list?

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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.