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 Marriott International, 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

Marriott International, Inc.

MAR · NASDAQ

Market cap (USD)$83.6B

Gross margin (TTM)21.7%

Operating margin (TTM)15.9%

Net margin (TTM)10.1%

SectorConsumer

IndustryTravel Lodging

CountryUS

Data as of2026-01-01

Moat score

72/ 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 Marriott International, Inc.'s moat claims, evidence, and risks.

View MAR analysis

Comparison highlights

Moat score gap: Constellation Software Inc. leads (74 / 100 vs 72 / 100 for Marriott International, Inc.).
Segment focus: Constellation Software Inc. has 6 segments; Marriott International, Inc. has 2 segments.
Moat breadth: Constellation Software Inc. has 3 moat types across 2 domains; Marriott International, 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)

Marriott International, Inc.

U.S. & Canada Lodging Platform

Market

Branded hotel franchising & management platform (including loyalty and reservation systems)

Geography

U.S. & Canada

Customer

Two-sided: travelers (guests) and hotel owners (franchisees/owners of managed properties)

Role

Brand owner / franchisor / manager; operator of reservation, loyalty, and marketing systems

Side-by-side metrics

Constellation Software Inc.

Marriott International, Inc.

Ticker / Exchange

CSU - Toronto Stock Exchange

MAR - NASDAQ

Market cap (USD)

n/a

$83.6B

Gross margin (TTM)

n/a

21.7%

Operating margin (TTM)

n/a

15.9%

Net margin (TTM)

n/a

10.1%

Sector

Technology

Consumer

Industry

n/a

Travel Lodging

HQ country

Primary segment

Volaris Operating Group

U.S. & Canada Lodging Platform

Market structure

Competitive

Market share

n/a

16%-18% (reported)

HHI estimate

n/a

Pricing power

Moderate

Moat score

74 / 100

72 / 100

Moat domains

Demand, Supply

Demand, Network, Supply

Last update

2026-01-02

2026-01-01

Moat coverage

Shared moat types

No overlap yet.

Constellation Software Inc. strengths

Switching Costs GeneralInstalled Base ConsumablesOperational Excellence

Marriott International, Inc. strengths

Brand TrustTwo Sided NetworkDistribution ControlLong Term Contracts

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

Marriott International, Inc. segments

Full profile >

U.S. & Canada Lodging Platform

Competitive

n/a

International Lodging Platform

Competitive

n/a

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.