WIDE MOAT STOCKS COMPARISON

Checking

 

Stock Comparison

Salesforce, Inc. vs Workday, 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)$185.2B
Gross margin (TTM)77.3%
Operating margin (TTM)19.9%
Net margin (TTM)22%
SectorTechnology
IndustryApplication software
CountryUS
Data as of2026-08-23
67/100
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

Workday, Inc.

WDAY · NASDAQ

Market cap (USD)$45B
Gross margin (TTM)75.8%
Operating margin (TTM)10.7%
Net margin (TTM)12.3%
SectorTechnology
IndustryApplication software
CountryUS
Data as of2026-08-23
78/100
Moat score

Weighted across the company's segments.

Full stock profile

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

View WDAY analysis

Comparison highlights

  • Moat score gap: Workday, Inc. leads (78 / 100 vs 67 / 100 for Salesforce, Inc.).
  • Segment focus: Salesforce, Inc. has 3 segments (64.3% in Agentforce Apps (Sales, Service, Marketing, Commerce, Slack)); Workday, Inc. has 2 segments (92.5% in Subscription services (Workday cloud applications + platform)).
  • Primary market structure: Competitive vs Oligopoly. Pricing power: Moderate vs Moderate.
  • Moat breadth: Salesforce, Inc. has 3 moat types across 2 domains; Workday, 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

64.3%

Workday, Inc.

Subscription services (Workday cloud applications + platform)

Market

Enterprise cloud applications for managing people and money (HCM, financial management, spend, planning & analytics)

Geography

Global

Customer

Medium to large organizations (including higher education and government)

Role

SaaS application vendor and extensible platform provider

Revenue share

92.5%

Side-by-side metrics

Salesforce, Inc.
Workday, Inc.
Ticker / Exchange
CRM - New York Stock Exchange
WDAY - NASDAQ
Market cap (USD)
$185.2B
$45B
Gross margin (TTM)
77.3%
75.8%
Operating margin (TTM)
19.9%
10.7%
Net margin (TTM)
22%
12.3%
Sector
Technology
Technology
Industry
Application software
Application software
HQ country
US
US
Primary segment
Agentforce Apps (Sales, Service, Marketing, Commerce, Slack)
Subscription services (Workday cloud applications + platform)
Market structure
Competitive
Oligopoly
Market share
n/a
n/a
HHI estimate
n/a
n/a
Pricing power
Moderate
Moderate
Moat score
67 / 100
78 / 100
Moat domains
Demand, Network
Demand, Network
Last update
2026-09-05
2026-09-05

Moat coverage

Shared moat types

Data Workflow Lockin

Salesforce, Inc. strengths

Suite BundlingEcosystem Complements

Workday, Inc. strengths

Training Org Change CostsInteroperability Hub

Segment mix

Salesforce, Inc. segments

Full profile >

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

Competitive

64.3%

Data 360, Headless Platform & Integration/Analytics

Competitive

30.6%

Professional Services & Other

Competitive

5.1%

Workday, Inc. segments

Full profile >

Subscription services (Workday cloud applications + platform)

Oligopoly

92.5%

Professional services (deployment, optimization, training)

Competitive

7.5%

Act on this comparison

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.