VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

NO ADVICE

Stock Comparison

CSL Limited vs HEICO Corporation

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

CSL Limited

CSL · ASX

Market cap (USD)$74.4B
Gross margin (TTM)48.9%
Operating margin (TTM)23.3%
Net margin (TTM)14.9%
SectorHealthcare
IndustryBiotechnology
CountryAU
Data as of2026-01-02
Moat score
77/ 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 CSL Limited's moat claims, evidence, and risks.

View CSL analysis

HEICO Corporation

HEI · NYSE

Market cap (USD)$48.9B
Gross margin (TTM)41.1%
Operating margin (TTM)22.9%
Net margin (TTM)15.4%
SectorIndustrials
IndustryAerospace & Defense
CountryUS
Data as of2025-12-30
Moat score
77/ 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 HEICO Corporation's moat claims, evidence, and risks.

View HEI analysis

Comparison highlights

  • Moat score: both at 77 / 100.
  • Segment focus: CSL Limited has 3 segments (71.7% in CSL Behring); HEICO Corporation has 2 segments (69.5% in Flight Support Group (FSG)).
  • Moat breadth: CSL Limited has 7 moat types across 3 domains; HEICO Corporation has 6 across 3.

Primary market context

CSL Limited

CSL Behring

Market

Plasma-derived therapies (immunoglobulins, albumin, coagulation factors) plus recombinant and gene therapies for rare and serious diseases

Geography

Global

Customer

Hospitals, specialty pharmacies, physicians; payers and national health systems

Role

Vertically integrated biopharma (plasma collection -> fractionation/manufacturing -> commercial distribution)

Revenue share

71.7%

HEICO Corporation

Flight Support Group (FSG)

Market

Aerospace aftermarket replacement parts and MRO services (jet engine and aircraft components), including FAA-approved PMA parts

Geography

Global

Customer

Commercial airlines, cargo carriers, MROs, OEMs, and government/military customers

Role

Aftermarket parts manufacturer + MRO/repair provider + distributor

Revenue share

69.5%

Side-by-side metrics

CSL Limited
HEICO Corporation
Ticker / Exchange
CSL - ASX
HEI - NYSE
Market cap (USD)
$74.4B
$48.9B
Gross margin (TTM)
48.9%
41.1%
Operating margin (TTM)
23.3%
22.9%
Net margin (TTM)
14.9%
15.4%
Sector
Healthcare
Industrials
Industry
Biotechnology
Aerospace & Defense
HQ country
AU
US
Primary segment
CSL Behring
Flight Support Group (FSG)
Market structure
Oligopoly
Oligopoly
Market share
n/a
n/a
HHI estimate
n/a
n/a
Pricing power
Moderate
Moderate
Moat score
77 / 100
77 / 100
Moat domains
Supply, Legal, Demand
Legal, Supply, Demand
Last update
2026-01-02
2025-12-30

Moat coverage

Shared moat types

Government Contracting RelationshipsRegulated Standards Pipe

CSL Limited strengths

Supply Chain ControlPhysical Network DensityOperational ExcellenceCapacity MoatProcurement Inertia

HEICO Corporation strengths

Learning Curve YieldBrand TrustDesign In QualificationIP Choke Point

Segment mix

CSL Limited segments

Full profile >

CSL Behring

Oligopoly

71.7%

CSL Seqirus

Oligopoly

13.9%

CSL Vifor

Oligopoly

14.4%

HEICO Corporation segments

Full profile >

Flight Support Group (FSG)

Oligopoly

69.5%

Electronic Technologies Group (ETG)

Oligopoly

30.5%

Want the full wide moat stocks list?

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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.