VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

NO ADVICE

Friday, January 2, 2026

Stock Comparison

Costco Wholesale Corporation vs KONE Oyj

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

Costco Wholesale Corporation

COST · Nasdaq Global Select Market

Market cap (USD)$380.7B
Gross margin (TTM)12.9%
Operating margin (TTM)3.8%
Net margin (TTM)3%
SectorConsumer
IndustryDiscount Stores
CountryUS
Data as of2025-12-21
Moat score
80/ 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 Costco Wholesale Corporation's moat claims, evidence, and risks.

View COST analysis

KONE Oyj

KNEBV · Nasdaq Helsinki

Market cap (USD)$37B
Gross margin (TTM)
Operating margin (TTM)
Net margin (TTM)
SectorIndustrials
Industry
CountryFI
Data as of2026-01-02
Moat score
63/ 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 KONE Oyj's moat claims, evidence, and risks.

View KNEBV analysis

Comparison highlights

  • Moat score gap: Costco Wholesale Corporation leads (80 / 100 vs 63 / 100 for KONE Oyj).
  • Segment focus: Costco Wholesale Corporation has 2 segments (98.1% in Warehouse club retail); KONE Oyj has 3 segments (40.6% in New Building Solutions).
  • Moat breadth: Costco Wholesale Corporation has 6 moat types across 3 domains; KONE Oyj has 8 across 4.

Primary market context

Costco Wholesale Corporation

Warehouse club retail

Market

Membership warehouse club retail (warehouse clubs, ancillary services, and e-commerce)

Geography

Global

Customer

Households and small businesses

Role

Retailer (membership club)

Revenue share

98.1%

KONE Oyj

New Building Solutions

Market

Elevator, escalator and automatic building door new equipment (new installations)

Geography

Global

Customer

Property developers and general contractors

Role

OEM + project installation

Revenue share

40.6%

Side-by-side metrics

Costco Wholesale Corporation
KONE Oyj
Ticker / Exchange
COST - Nasdaq Global Select Market
KNEBV - Nasdaq Helsinki
Market cap (USD)
$380.7B
$37B
Gross margin (TTM)
12.9%
n/a
Operating margin (TTM)
3.8%
n/a
Net margin (TTM)
3%
n/a
Sector
Consumer
Industrials
Industry
Discount Stores
n/a
HQ country
US
FI
Primary segment
Warehouse club retail
New Building Solutions
Market structure
Oligopoly
Oligopoly
Market share
n/a
n/a
HHI estimate
n/a
n/a
Pricing power
Weak
Weak
Moat score
80 / 100
63 / 100
Moat domains
Supply, Financial, Demand
Supply, Financial, Demand, Legal
Last update
2025-12-21
2026-01-02

Moat coverage

Shared moat types

Operational ExcellenceNegative Working Capital

Costco Wholesale Corporation strengths

Scale Economies Unit CostBrand TrustHabit DefaultFloat Prepayment

KONE Oyj strengths

Capex Knowhow ScaleInstalled Base ConsumablesSwitching Costs GeneralData Workflow LockinService Field NetworkCompliance Advantage

Segment mix

Costco Wholesale Corporation segments

Full profile >

Warehouse club retail

Oligopoly

98.1%

Membership fees (subscription)

Oligopoly

1.9%

KONE Oyj segments

Full profile >

New Building Solutions

Oligopoly

40.6%

Service (maintenance & repairs)

Competitive

40.6%

Modernization

Competitive

18.8%

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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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.