VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

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Friday, January 2, 2026

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Stock Comparison

Constellation Software Inc. vs Alphabet Inc.

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

Constellation Software Inc.

CSU · Toronto Stock Exchange

Market cap (USD)—

Gross margin (TTM)—

Operating margin (TTM)—

Net margin (TTM)—

SectorTechnology

Industry—

CountryCA

Data as of2026-01-02

Moat score

74/ 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 Constellation Software Inc.'s moat claims, evidence, and risks.

View CSU analysis

Alphabet Inc.

GOOGL · The Nasdaq Stock Market

Market cap (USD)$3.7T

Gross margin (TTM)59.2%

Operating margin (TTM)32.2%

Net margin (TTM)32.2%

SectorCommunication Services

IndustryInternet Content & Information

CountryUS

Data as of2025-12-21

Moat score

86/ 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 Alphabet Inc.'s moat claims, evidence, and risks.

View GOOGL analysis

Comparison highlights

Moat score gap: Alphabet Inc. leads (86 / 100 vs 74 / 100 for Constellation Software Inc.).
Segment focus: Constellation Software Inc. has 6 segments; Alphabet Inc. has 6 segments (56.6% in Google Search & other (Advertising)).
Primary market structure: Competitive vs Quasi-Monopoly. Pricing power: Moderate vs Strong.
Moat breadth: Constellation Software Inc. has 3 moat types across 2 domains; Alphabet Inc. has 10 across 4.

Primary market context

Constellation Software Inc.

Volaris Operating Group

Market

Vertical market software (VMS) portfolios across diverse industries (Volaris)

Geography

Global (North America, Continental Europe, UK, Australia, South America, Africa)

Customer

Organizations in specific verticals (mix of public and private sector)

Role

Vertical market software vendor (application provider + long-term maintainer)

Alphabet Inc.

Google Search & other (Advertising)

Market

Search advertising (intent-based digital ads)

Geography

Global

Customer

Advertisers (SMB to enterprise)

Role

Ad platform / publisher

Revenue share

56.6%

Side-by-side metrics

Constellation Software Inc.

Alphabet Inc.

Ticker / Exchange

CSU - Toronto Stock Exchange

GOOGL - The Nasdaq Stock Market

Market cap (USD)

n/a

$3.7T

Gross margin (TTM)

n/a

59.2%

Operating margin (TTM)

n/a

32.2%

Net margin (TTM)

n/a

32.2%

Sector

Technology

Communication Services

Industry

n/a

Internet Content & Information

HQ country

Primary segment

Volaris Operating Group

Google Search & other (Advertising)

Market structure

Competitive

Quasi-Monopoly

Market share

n/a

88%-91% (reported)

HHI estimate

n/a

8,115

Pricing power

Moderate

Strong

Moat score

74 / 100

86 / 100

Moat domains

Demand, Supply

Network, Demand, Legal, Supply

Last update

2026-01-02

2025-12-21

Moat coverage

Shared moat types

Switching Costs GeneralOperational Excellence

Constellation Software Inc. strengths

Installed Base Consumables

Alphabet Inc. strengths

Data Network EffectsHabit DefaultTwo Sided NetworkContent Rights CurrencyDefault OS GatewayCapex Knowhow ScaleEcosystem ComplementsIncubation & patient capital

Segment mix

Constellation Software Inc. segments

Full profile >

Volaris Operating Group

Competitive

n/a

Harris Operating Group

Competitive

n/a

Topicus.com Operating Group

Competitive

n/a

Jonas Operating Group

Competitive

n/a

Perseus Operating Group

Competitive

n/a

Vela Operating Group

Competitive

n/a

Alphabet Inc. segments

Full profile >

Google Search & other (Advertising)

Quasi-Monopoly

56.6%

YouTube (Advertising)

Oligopoly

10.3%

Google Network (Advertising)

Competitive

8.7%

Google Subscriptions, Platforms & Devices

Quasi-Monopoly

11.5%

Google Cloud

Oligopoly

12.4%

Other Bets

Competitive

0.5%

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.