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 Wolters Kluwer N.V.

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

Wolters Kluwer N.V.

WKL · Euronext Amsterdam

Market cap (USD)$20.6B

Gross margin (TTM)66.5%

Operating margin (TTM)24.8%

Net margin (TTM)18.3%

SectorIndustrials

IndustrySpecialty Business Services

CountryNL

Data as of2025-12-29

Moat score

73/ 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 Wolters Kluwer N.V.'s moat claims, evidence, and risks.

View WKL analysis

Comparison highlights

Moat score gap: Constellation Software Inc. leads (74 / 100 vs 73 / 100 for Wolters Kluwer N.V.).
Segment focus: Constellation Software Inc. has 6 segments; Wolters Kluwer N.V. has 5 segments (26.8% in Health).
Primary market structure: Competitive vs Oligopoly. Pricing power: Moderate vs Strong.
Moat breadth: Constellation Software Inc. has 3 moat types across 2 domains; Wolters Kluwer N.V. has 6 across 2.

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)

Wolters Kluwer N.V.

Health

Market

Clinical decision support and clinical drug information solutions (point-of-care) for healthcare providers

Geography

Global

Customer

Hospitals/health systems, clinicians, payers, and academic institutions

Role

Software + expert content provider

Revenue share

26.8%

Side-by-side metrics

Constellation Software Inc.

Wolters Kluwer N.V.

Ticker / Exchange

CSU - Toronto Stock Exchange

WKL - Euronext Amsterdam

Market cap (USD)

n/a

$20.6B

Gross margin (TTM)

n/a

66.5%

Operating margin (TTM)

n/a

24.8%

Net margin (TTM)

n/a

18.3%

Sector

Technology

Industrials

Industry

n/a

Specialty Business Services

HQ country

Primary segment

Volaris Operating Group

Health

Market structure

Competitive

Oligopoly

Market share

n/a

85%-90% (reported)

HHI estimate

n/a

Pricing power

Moderate

Strong

Moat score

74 / 100

73 / 100

Moat domains

Demand, Supply

Demand, Legal

Last update

2026-01-02

2025-12-29

Moat coverage

Shared moat types

Switching Costs General

Constellation Software Inc. strengths

Installed Base ConsumablesOperational Excellence

Wolters Kluwer N.V. strengths

Data Workflow LockinBrand TrustSuite BundlingCompliance AdvantageLong 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

Wolters Kluwer N.V. segments

Full profile >

Health

Oligopoly

26.8%

Tax & Accounting

Oligopoly

26.4%

Financial & Corporate Compliance

Oligopoly

20.8%

Legal & Regulatory

Oligopoly

16%

Corporate Performance & ESG

Competitive

10.1%

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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.