VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

NO ADVICE

Thursday, January 8, 2026

Stock Comparison

Cochlear Limited vs Intertek Group plc

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

Intertek Group plc

ITRK · London Stock Exchange

Market cap (USD)$7.1B
Gross margin (TTM)16.9%
Operating margin (TTM)16.9%
Net margin (TTM)9.9%
SectorIndustrials
IndustrySpecialty Business Services
CountryGB
Data as of2025-12-28
Moat score
64/ 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 Intertek Group plc's moat claims, evidence, and risks.

View ITRK analysis

Comparison highlights

  • Moat score gap: Cochlear Limited leads (81 / 100 vs 64 / 100 for Intertek Group plc).
  • Segment focus: Cochlear Limited has 3 segments (62.4% in Cochlear Implants); Intertek Group plc has 5 segments (28.3% in Consumer Products).
  • Primary market structure: Oligopoly vs Oligopoly. Pricing power: Moderate vs Strong.
  • Moat breadth: Cochlear Limited has 8 moat types across 3 domains; Intertek Group plc has 6 across 3.

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%

Intertek Group plc

Consumer Products

Market

Consumer products testing, inspection and certification (TIC/ATIC) services

Geography

Global

Customer

Brands, retailers, manufacturers

Role

Third-party conformity assessment and supply chain QA

Revenue share

28.3%

Side-by-side metrics

Cochlear Limited
Intertek Group plc
Ticker / Exchange
COH - ASX
ITRK - London Stock Exchange
Market cap (USD)
$17B
$7.1B
Gross margin (TTM)
74.5%
16.9%
Operating margin (TTM)
22.7%
16.9%
Net margin (TTM)
16.2%
9.9%
Sector
Healthcare
Industrials
Industry
Medical - Devices
Specialty Business Services
HQ country
AU
GB
Primary segment
Cochlear Implants
Consumer Products
Market structure
Oligopoly
Oligopoly
Market share
60%-65% (reported)
n/a
HHI estimate
n/a
n/a
Pricing power
Moderate
Strong
Moat score
81 / 100
64 / 100
Moat domains
Demand, Legal, Supply
Supply, Demand, Legal
Last update
2026-01-04
2025-12-28

Moat coverage

Shared moat types

Brand TrustCompliance AdvantageService Field NetworkData Workflow Lockin

Cochlear Limited strengths

Capex Knowhow ScaleIP Choke PointInstalled Base ConsumablesFormat Lock In

Intertek Group plc strengths

Suite BundlingDesign In Qualification

Segment mix

Cochlear Limited segments

Full profile >

Cochlear Implants

Oligopoly

62.4%

Services

Monopoly

25.9%

Acoustics

Oligopoly

11.7%

Intertek Group plc segments

Full profile >

Consumer Products

Oligopoly

28.3%

Corporate Assurance

Competitive

14.6%

Health and Safety

Competitive

9.9%

Industry and Infrastructure

Competitive

24.9%

World of Energy

Oligopoly

22.3%

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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Proven models entering the expansion stage with unit economics that work.

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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.