VOL. XCIV, NO. 247
★ WIDE MOAT STOCKS COMPARISON ★
NO ADVICE
Sunday, January 11, 2026
Stock Comparison
Fastenal Company vs Morningstar, Inc.
Compare moat strength, market structure, and segment coverage to understand how each company defends its edge.
Fastenal Company
FAST · NASDAQ
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 analysisMorningstar, Inc.
MORN · NASDAQ
Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.
Full stock profile
Dive deeper into Morningstar, Inc.'s moat claims, evidence, and risks.
View MORN analysisComparison highlights
- Moat score gap: Morningstar, Inc. leads (67 / 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)); Morningstar, Inc. has 7 segments (34.6% in Morningstar Data and Analytics).
- Primary market structure: Competitive vs Oligopoly. Pricing power: Weak vs Moderate.
- Moat breadth: Fastenal Company has 4 moat types across 2 domains; Morningstar, Inc. has 6 across 3.
Primary market context
Fastenal Company
Core industrial & construction supplies distribution (branches, Onsite, eBusiness excl. FMI)
Wholesale distribution of industrial and construction supplies (fasteners, safety, tools, and other MRO/OEM consumables)
Primarily North America (with growing international presence)
Manufacturing (OEM and MRO), non-residential construction, and other commercial customers
Distributor
55.7%
Morningstar, Inc.
Morningstar Data and Analytics
Investment data, research, and analytics platforms
Global
34.6%
Side-by-side metrics
Moat coverage
Shared moat types
Fastenal Company strengths
Morningstar, Inc. strengths
Segment mix
Fastenal Company segments
Full profile >Fastenal Managed Inventory (FMI)
Competitive
Core industrial & construction supplies distribution (branches, Onsite, eBusiness excl. FMI)
Competitive
Morningstar, Inc. segments
Full profile >Morningstar Data and Analytics
Oligopoly
PitchBook
Oligopoly
Morningstar Credit
Oligopoly
Morningstar Wealth
Competitive
Morningstar Retirement
Competitive
Morningstar Sustainalytics
Oligopoly
Morningstar Indexes
Oligopoly
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View expansion-stage stocksCuration & 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.