WIDE MOAT STOCKS COMPARISON

Checking

Stock Comparison

Salesforce, Inc. vs ServiceNow, Inc.

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

Salesforce, Inc.

CRM · New York Stock Exchange

Market cap (USD)$212.3B
Gross margin (TTM)77.3%
Operating margin (TTM)21.4%
Net margin (TTM)22%
SectorTechnology
IndustrySoftware - Application
CountryUS
Data as of2026-08-23
76/100
Moat score

Weighted across the company's segments.

Full stock profile

Dive deeper into Salesforce, Inc.'s moat claims, evidence, and risks.

View CRM analysis

ServiceNow, Inc.

NOW · New York Stock Exchange

Market cap (USD)$146B
Gross margin (TTM)74.8%
Operating margin (TTM)11.4%
Net margin (TTM)11.3%
SectorTechnology
IndustrySoftware - Application
CountryUS
Data as of2026-08-23
100/100
Moat score

Weighted across the company's segments.

Full stock profile

Dive deeper into ServiceNow, Inc.'s moat claims, evidence, and risks.

View NOW analysis

Comparison highlights

  • Moat score gap: ServiceNow, Inc. leads (100 / 100 vs 76 / 100 for Salesforce, Inc.).
  • Segment focus: Salesforce, Inc. has 3 segments (63.5% in Agentforce Apps (Sales, Service, Marketing, Commerce, Slack)); ServiceNow, Inc. has 2 segments (97.2% in Subscription products (ServiceNow AI Platform)).
  • Primary market structure: Oligopoly vs Oligopoly. Pricing power: Moderate vs Strong.
  • Moat breadth: Salesforce, Inc. has 4 moat types across 2 domains; ServiceNow, Inc. has 3 across 2.

Primary market context

Salesforce, Inc.

Agentforce Apps (Sales, Service, Marketing, Commerce, Slack)

Market

AI-enabled CRM applications for sales, service, marketing, commerce and collaboration delivered as SaaS

Geography

Global

Customer

Business (SMB to enterprise)

Role

SaaS application & platform vendor

Revenue share

63.5%

ServiceNow, Inc.

Subscription products (ServiceNow AI Platform)

Market

Enterprise digital workflow automation and service management platform (ITSM/ESM, ITOM, employee, customer, creator and industry workflows)

Geography

Global

Customer

Large enterprises and public sector

Role

SaaS platform

Revenue share

97.2%

Side-by-side metrics

Salesforce, Inc.
ServiceNow, Inc.
Ticker / Exchange
CRM - New York Stock Exchange
NOW - New York Stock Exchange
Market cap (USD)
$212.3B
$146B
Gross margin (TTM)
77.3%
74.8%
Operating margin (TTM)
21.4%
11.4%
Net margin (TTM)
22%
11.3%
Sector
Technology
Technology
Industry
Software - Application
Software - Application
HQ country
US
US
Primary segment
Agentforce Apps (Sales, Service, Marketing, Commerce, Slack)
Subscription products (ServiceNow AI Platform)
Market structure
Oligopoly
Oligopoly
Market share
20% (reported)
n/a
HHI estimate
n/a
n/a
Pricing power
Moderate
Strong
Moat score
76 / 100
100 / 100
Moat domains
Demand, Network
Demand, Network
Last update
2026-09-05
2026-09-05

Moat coverage

Shared moat types

Data Workflow LockinSuite BundlingEcosystem Complements

Salesforce, Inc. strengths

Long Term Contracts

ServiceNow, Inc. strengths

No unique moat types yet.

Segment mix

Salesforce, Inc. segments

Full profile >

Agentforce Apps (Sales, Service, Marketing, Commerce, Slack)

Oligopoly

63.5%

Data 360, Headless Platform & Integration/Analytics

Competitive

31.9%

Professional Services & Other

Competitive

4.6%

ServiceNow, Inc. segments

Full profile >

Subscription products (ServiceNow AI Platform)

Oligopoly

97.2%

Professional services and other

Competitive

2.8%

Act on this comparison

Turn a two-stock debate into a systemSee the systematic rankings that surface stocks like CRM and NOW, with backtests and current holdings.

Want the full wide moat stocks list?

Browse the full ranking of wide moat stocks, updated with moat scores and segment context.

View the moat stocks list

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.