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 HCA Healthcare, 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

HCA Healthcare, Inc.

HCA · New York Stock Exchange

Market cap (USD)$113.8B

Gross margin (TTM)15.6%

Operating margin (TTM)15.6%

Net margin (TTM)8.6%

SectorHealthcare

IndustryMedical - Care Facilities

CountryUS

Data as of2026-01-01

Moat score

67/ 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 HCA Healthcare, Inc.'s moat claims, evidence, and risks.

View HCA analysis

Comparison highlights

Moat score gap: Constellation Software Inc. leads (74 / 100 vs 67 / 100 for HCA Healthcare, Inc.).
Segment focus: Constellation Software Inc. has 6 segments; HCA Healthcare, Inc. has 1 segment (100% in Hospitals and related healthcare entities).
Primary market structure: Competitive vs Oligopoly. Pricing power: Moderate vs Moderate.
Moat breadth: Constellation Software Inc. has 3 moat types across 2 domains; HCA Healthcare, Inc. has 4 across 3.

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)

HCA Healthcare, Inc.

Hospitals and related healthcare entities

Market

Acute care hospitals and outpatient healthcare services

Geography

United States (multi-state) and England (United Kingdom)

Customer

Patients and third-party payers

Role

Provider operator

Revenue share

100%

Side-by-side metrics

Constellation Software Inc.

HCA Healthcare, Inc.

Ticker / Exchange

CSU - Toronto Stock Exchange

HCA - New York Stock Exchange

Market cap (USD)

n/a

$113.8B

Gross margin (TTM)

n/a

15.6%

Operating margin (TTM)

n/a

15.6%

Net margin (TTM)

n/a

8.6%

Sector

Technology

Healthcare

Industry

n/a

Medical - Care Facilities

HQ country

Primary segment

Volaris Operating Group

Hospitals and related healthcare entities

Market structure

Competitive

Oligopoly

Market share

n/a

HHI estimate

n/a

Pricing power

Moderate

Moat score

74 / 100

67 / 100

Moat domains

Demand, Supply

Legal, Supply, Demand

Last update

2026-01-02

2026-01-01

Moat coverage

Shared moat types

Switching Costs General

Constellation Software Inc. strengths

Installed Base ConsumablesOperational Excellence

HCA Healthcare, Inc. strengths

Permits Rights Of WayScope EconomiesPhysical Network Density

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

HCA Healthcare, Inc. segments

Full profile >

Hospitals and related healthcare entities

Oligopoly

100%

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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.