VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

NO ADVICE

Wednesday, January 7, 2026

Stock Comparison

Cochlear Limited vs Nordson Corporation

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

Nordson Corporation

NDSN · NASDAQ

Market cap (USD)$13.7B
Gross margin (TTM)55.2%
Operating margin (TTM)25.5%
Net margin (TTM)17.4%
SectorIndustrials
IndustryIndustrial - Machinery
CountryUS
Data as of2025-12-29
Moat score
67/ 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 Nordson Corporation's moat claims, evidence, and risks.

View NDSN analysis

Comparison highlights

  • Moat score gap: Cochlear Limited leads (81 / 100 vs 67 / 100 for Nordson Corporation).
  • Segment focus: Cochlear Limited has 3 segments (62.4% in Cochlear Implants); Nordson Corporation has 3 segments (47.7% in Industrial Precision Solutions).
  • Moat breadth: Cochlear Limited has 8 moat types across 3 domains; Nordson Corporation has 6 across 2.

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%

Nordson Corporation

Industrial Precision Solutions

Market

Industrial precision dispensing, coating, and material-processing equipment (adhesives, coatings, sealants, polymers)

Geography

Global

Customer

Manufacturers and converters (packaging, nonwovens/hygiene, automotive, industrial, agriculture)

Role

Capital equipment OEM / process-solution provider

Revenue share

47.7%

Side-by-side metrics

Cochlear Limited
Nordson Corporation
Ticker / Exchange
COH - ASX
NDSN - NASDAQ
Market cap (USD)
$17B
$13.7B
Gross margin (TTM)
74.5%
55.2%
Operating margin (TTM)
22.7%
25.5%
Net margin (TTM)
16.2%
17.4%
Sector
Healthcare
Industrials
Industry
Medical - Devices
Industrial - Machinery
HQ country
AU
US
Primary segment
Cochlear Implants
Industrial Precision Solutions
Market structure
Oligopoly
Oligopoly
Market share
60%-65% (reported)
n/a
HHI estimate
n/a
n/a
Pricing power
Moderate
Moderate
Moat score
81 / 100
67 / 100
Moat domains
Demand, Legal, Supply
Supply, Demand
Last update
2026-01-04
2025-12-29

Moat coverage

Shared moat types

Capex Knowhow ScaleService Field NetworkInstalled Base ConsumablesData Workflow Lockin

Cochlear Limited strengths

Brand TrustCompliance AdvantageIP Choke PointFormat Lock In

Nordson Corporation strengths

Switching Costs GeneralDesign In Qualification

Segment mix

Cochlear Limited segments

Full profile >

Cochlear Implants

Oligopoly

62.4%

Services

Monopoly

25.9%

Acoustics

Oligopoly

11.7%

Nordson Corporation segments

Full profile >

Industrial Precision Solutions

Oligopoly

47.7%

Medical and Fluid Solutions

Competitive

29.9%

Advanced Technology Solutions

Oligopoly

22.4%

Want the full wide moat stocks list?

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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.