VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

NO ADVICE

Stock Comparison

Fastenal Company vs KONE Oyj

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

Fastenal Company

FAST · NASDAQ

Market cap (USD)$53.1B
Gross margin (TTM)45%
Operating margin (TTM)20.2%
Net margin (TTM)15.4%
SectorIndustrials
IndustryIndustrial - Distribution
CountryUS
Data as of2026-01-06
Moat score
57/ 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 Fastenal Company's moat claims, evidence, and risks.

View FAST analysis

KONE Oyj

KNEBV · Nasdaq Helsinki

Market cap (USD)$32.7B
Gross margin (TTM)14.5%
Operating margin (TTM)12.1%
Net margin (TTM)8.7%
SectorIndustrials
IndustryIndustrial - Machinery
CountryFI
Data as of2026-01-02
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 KONE Oyj's moat claims, evidence, and risks.

View KNEBV analysis

Comparison highlights

  • Moat score gap: KONE Oyj leads (63 / 100 vs 57 / 100 for Fastenal Company).
  • Segment focus: Fastenal Company has 2 segments (55.7% in Core industrial & construction supplies distribution (branches, Onsite, eBusiness excl. FMI)); KONE Oyj has 3 segments (40.6% in New Building Solutions).
  • Primary market structure: Competitive vs Oligopoly. Pricing power: Weak vs Weak.
  • Moat breadth: Fastenal Company has 4 moat types across 2 domains; KONE Oyj has 8 across 4.

Primary market context

Fastenal Company

Core industrial & construction supplies distribution (branches, Onsite, eBusiness excl. FMI)

Market

Wholesale distribution of industrial and construction supplies (fasteners, safety, tools, and other MRO/OEM consumables)

Geography

Primarily North America (with growing international presence)

Customer

Manufacturing (OEM and MRO), non-residential construction, and other commercial customers

Role

Distributor

Revenue share

55.7%

KONE Oyj

New Building Solutions

Market

Elevator, escalator and automatic building door new equipment (new installations)

Geography

Global

Customer

Property developers and general contractors

Role

OEM + project installation

Revenue share

40.6%

Side-by-side metrics

Fastenal Company
KONE Oyj
Ticker / Exchange
FAST - NASDAQ
KNEBV - Nasdaq Helsinki
Market cap (USD)
$53.1B
$32.7B
Gross margin (TTM)
45%
14.5%
Operating margin (TTM)
20.2%
12.1%
Net margin (TTM)
15.4%
8.7%
Sector
Industrials
Industrials
Industry
Industrial - Distribution
Industrial - Machinery
HQ country
US
FI
Primary segment
Core industrial & construction supplies distribution (branches, Onsite, eBusiness excl. FMI)
New Building Solutions
Market structure
Competitive
Oligopoly
Market share
n/a
n/a
HHI estimate
n/a
n/a
Pricing power
Weak
Weak
Moat score
57 / 100
63 / 100
Moat domains
Supply, Demand
Supply, Financial, Demand, Legal
Last update
2026-01-06
2026-01-02

Moat coverage

Shared moat types

Service Field NetworkData Workflow LockinOperational Excellence

Fastenal Company strengths

Procurement Inertia

KONE Oyj strengths

Capex Knowhow ScaleNegative Working CapitalInstalled Base ConsumablesSwitching Costs GeneralCompliance Advantage

Segment mix

Fastenal Company segments

Full profile >

Fastenal Managed Inventory (FMI)

Competitive

44.3%

Core industrial & construction supplies distribution (branches, Onsite, eBusiness excl. FMI)

Competitive

55.7%

KONE Oyj segments

Full profile >

New Building Solutions

Oligopoly

40.6%

Service (maintenance & repairs)

Competitive

40.6%

Modernization

Competitive

18.8%

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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.