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 Roche Holding AG

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

Roche Holding AG

ROG · SIX Swiss Exchange

Market cap (USD)$261.4B

Gross margin (TTM)73.6%

Operating margin (TTM)29.1%

Net margin (TTM)15.4%

SectorHealthcare

IndustryDrug Manufacturers - General

CountryCH

Data as of2025-12-28

Moat score

68/ 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 Roche Holding AG's moat claims, evidence, and risks.

View ROG analysis

Comparison highlights

Moat score gap: Constellation Software Inc. leads (74 / 100 vs 68 / 100 for Roche Holding AG).
Segment focus: Constellation Software Inc. has 6 segments; Roche Holding AG has 2 segments (76.3% in Pharmaceuticals).
Moat breadth: Constellation Software Inc. has 3 moat types across 2 domains; Roche Holding AG has 5 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)

Roche Holding AG

Pharmaceuticals

Market

Innovative (branded) prescription pharmaceuticals

Geography

Global

Customer

Healthcare providers and systems (hospitals/clinics), payers/governments, and patients

Role

Innovator pharmaceutical developer, manufacturer and marketer

Revenue share

76.3%

Side-by-side metrics

Constellation Software Inc.

Roche Holding AG

Ticker / Exchange

CSU - Toronto Stock Exchange

ROG - SIX Swiss Exchange

Market cap (USD)

n/a

$261.4B

Gross margin (TTM)

n/a

73.6%

Operating margin (TTM)

n/a

29.1%

Net margin (TTM)

n/a

15.4%

Sector

Technology

Healthcare

Industry

n/a

Drug Manufacturers - General

HQ country

Primary segment

Volaris Operating Group

Pharmaceuticals

Market structure

Competitive

Market share

n/a

HHI estimate

n/a

Pricing power

Moderate

Moat score

74 / 100

68 / 100

Moat domains

Demand, Supply

Legal, Supply, Demand

Last update

2026-01-02

2025-12-28

Moat coverage

Shared moat types

Installed Base Consumables

Constellation Software Inc. strengths

Switching Costs GeneralOperational Excellence

Roche Holding AG strengths

IP Choke PointCapex Knowhow ScaleData Workflow LockinRegulated Standards Pipe

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

Roche Holding AG segments

Full profile >

Pharmaceuticals

Competitive

76.3%

Diagnostics

Oligopoly

23.7%

Want the full wide moat stocks list?

Browse the full ranking of wide moat stocks, updated with moat scores and segment context.

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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.