VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

NO ADVICE

Saturday, January 10, 2026

Stock Comparison

Elevance Health, Inc. vs MTU Aero Engines AG

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

Elevance Health, Inc.

ELV · New York Stock Exchange

Market cap (USD)$82.8B
Gross margin (TTM)
Operating margin (TTM)
Net margin (TTM)
SectorHealthcare
IndustryMedical - Healthcare Plans
CountryUS
Data as of2026-01-09
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 Elevance Health, Inc.'s moat claims, evidence, and risks.

View ELV analysis

MTU Aero Engines AG

MTX · Deutsche Boerse XETRA

Market cap (USD)$20.6B
Gross margin (TTM)12.7%
Operating margin (TTM)3%
Net margin (TTM)6.1%
SectorIndustrials
IndustryAerospace & Defense
CountryDE
Data as of2025-12-28
Moat score
61/ 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 MTU Aero Engines AG's moat claims, evidence, and risks.

View MTX analysis

Comparison highlights

  • Moat score gap: Elevance Health, Inc. leads (74 / 100 vs 61 / 100 for MTU Aero Engines AG).
  • Segment focus: Elevance Health, Inc. has 3 segments (85.2% in Health Benefits); MTU Aero Engines AG has 2 segments (67.4% in MRO business (commercial maintenance)).
  • Primary market structure: Oligopoly vs Competitive. Pricing power: Moderate vs Moderate.
  • Moat breadth: Elevance Health, Inc. has 8 moat types across 3 domains; MTU Aero Engines AG has 8 across 3.

Primary market context

Elevance Health, Inc.

Health Benefits

Market

U.S. health insurance and managed care

Geography

United States

Customer

Employers, individuals, and government programs

Role

Payer / managed care organization

Revenue share

85.2%

MTU Aero Engines AG

MRO business (commercial maintenance)

Market

Commercial aircraft engine maintenance, repair and overhaul (engine MRO) and associated services

Geography

Global

Customer

Airlines, lessors and engine owners/operators

Role

Aftermarket service provider (engine shop visits, repairs, on-wing services, leasing/asset management)

Revenue share

67.4%

Side-by-side metrics

Elevance Health, Inc.
MTU Aero Engines AG
Ticker / Exchange
ELV - New York Stock Exchange
MTX - Deutsche Boerse XETRA
Market cap (USD)
$82.8B
$20.6B
Gross margin (TTM)
n/a
12.7%
Operating margin (TTM)
n/a
3%
Net margin (TTM)
n/a
6.1%
Sector
Healthcare
Industrials
Industry
Medical - Healthcare Plans
Aerospace & Defense
HQ country
US
DE
Primary segment
Health Benefits
MRO business (commercial maintenance)
Market structure
Oligopoly
Competitive
Market share
n/a
10% (reported)
HHI estimate
n/a
n/a
Pricing power
Moderate
Moderate
Moat score
74 / 100
61 / 100
Moat domains
Legal, Demand, Supply
Demand, Supply, Legal
Last update
2026-01-09
2025-12-28

Moat coverage

Shared moat types

Government Contracting RelationshipsScope Economies

Elevance Health, Inc. strengths

Concession LicenseBrand TrustScale Economies Unit CostData Workflow LockinSuite BundlingSwitching Costs General

MTU Aero Engines AG strengths

Design In QualificationCapex Knowhow ScaleService Field NetworkOperational ExcellencePreferential Input AccessLong Term Contracts

Segment mix

Elevance Health, Inc. segments

Full profile >

Health Benefits

Oligopoly

85.2%

CarelonRx

Oligopoly

12.8%

Carelon Services

Competitive

1.9%

MTU Aero Engines AG segments

Full profile >

OEM business (commercial and military engine business)

Oligopoly

32.6%

MRO business (commercial maintenance)

Competitive

67.4%

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.