VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

NO ADVICE

Wednesday, January 14, 2026

Stock Comparison

DSM-Firmenich AG vs PPG Industries, Inc.

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

DSM-Firmenich AG

DSFIR · Euronext Amsterdam

Market cap (USD)$17.9B
Gross margin (TTM)34.1%
Operating margin (TTM)9.2%
Net margin (TTM)5.5%
SectorMaterials
IndustryHousehold & Personal Products
CountryCH
Data as of2025-12-29
Moat score
63/ 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 DSM-Firmenich AG's moat claims, evidence, and risks.

View DSFIR analysis

PPG Industries, Inc.

PPG · New York Stock Exchange

Market cap (USD)
Gross margin (TTM)
Operating margin (TTM)
Net margin (TTM)
SectorMaterials
Industry
CountryUS
Data as of2026-01-12
Moat score
62/ 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 PPG Industries, Inc.'s moat claims, evidence, and risks.

View PPG analysis

Comparison highlights

  • Moat score gap: DSM-Firmenich AG leads (63 / 100 vs 62 / 100 for PPG Industries, Inc.).
  • Segment focus: DSM-Firmenich AG has 4 segments (31% in Perfumery & Beauty); PPG Industries, Inc. has 3 segments (42.2% in Industrial Coatings).
  • Primary market structure: Oligopoly vs Oligopoly. Pricing power: Moderate vs Weak.
  • Moat breadth: DSM-Firmenich AG has 10 moat types across 4 domains; PPG Industries, Inc. has 7 across 3.

Primary market context

DSM-Firmenich AG

Perfumery & Beauty

Market

B2B fragrances, perfumery ingredients, and beauty ingredients

Geography

Global

Customer

Consumer brands (fine fragrance, personal care, home care) and beauty brands

Role

Ingredient supplier / fragrance house (co-creation + ingredient palette)

Revenue share

31%

PPG Industries, Inc.

Industrial Coatings

Market

Industrial coatings for OEM/manufacturing (automotive OEM, general industrial, packaging coatings, specialty materials)

Geography

Global

Customer

Automotive OEMs and tier suppliers, industrial manufacturers, can/closure and packaging producers

Role

Coatings/materials supplier integrated into OEM production processes

Revenue share

42.2%

Side-by-side metrics

DSM-Firmenich AG
PPG Industries, Inc.
Ticker / Exchange
DSFIR - Euronext Amsterdam
PPG - New York Stock Exchange
Market cap (USD)
$17.9B
n/a
Gross margin (TTM)
34.1%
n/a
Operating margin (TTM)
9.2%
n/a
Net margin (TTM)
5.5%
n/a
Sector
Materials
Materials
Industry
Household & Personal Products
n/a
HQ country
CH
US
Primary segment
Perfumery & Beauty
Industrial Coatings
Market structure
Oligopoly
Oligopoly
Market share
n/a
n/a
HHI estimate
n/a
n/a
Pricing power
Moderate
Weak
Moat score
63 / 100
62 / 100
Moat domains
Supply, Demand, Legal, Network
Demand, Supply, Legal
Last update
2025-12-29
2026-01-12

Moat coverage

Shared moat types

Learning Curve YieldCompliance AdvantageDesign In QualificationService Field Network

DSM-Firmenich AG strengths

Supply Chain ControlTraining Org Change CostsIP Choke PointScope EconomiesEcosystem ComplementsData Workflow Lockin

PPG Industries, Inc. strengths

Brand TrustDistribution ControlScale Economies Unit Cost

Segment mix

DSM-Firmenich AG segments

Full profile >

Perfumery & Beauty

Oligopoly

31%

Taste, Texture & Health

Oligopoly

25.4%

Health, Nutrition & Care

Competitive

17.3%

Animal Nutrition & Health

Competitive

26%

PPG Industries, Inc. segments

Full profile >

Global Architectural Coatings

Competitive

24.7%

Performance Coatings

Oligopoly

33.1%

Industrial Coatings

Oligopoly

42.2%

Want the full wide moat stocks list?

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Proven models entering the expansion stage with unit economics that work.

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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.