VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

NO ADVICE

Saturday, January 3, 2026

Wide Moat Stocks Home My Collections

Stock Comparison

Fair Isaac Corporation vs SBA Communications Corporation

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

Fair Isaac Corporation

FICO · New York Stock Exchange

Market cap (USD)$39.6B

Gross margin (TTM)82.2%

Operating margin (TTM)46.5%

Net margin (TTM)32.8%

SectorTechnology

IndustrySoftware - Application

CountryUS

Data as of2025-12-31

Moat score

82/ 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 Fair Isaac Corporation's moat claims, evidence, and risks.

View FICO analysis

SBA Communications Corporation

SBAC · NASDAQ

Market cap (USD)—

Gross margin (TTM)—

Operating margin (TTM)—

Net margin (TTM)—

SectorReal Estate

IndustryREIT - Specialty

CountryUS

Data as of2026-01-02

Moat score

71/ 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 SBA Communications Corporation's moat claims, evidence, and risks.

View SBAC analysis

Comparison highlights

Moat score gap: Fair Isaac Corporation leads (82 / 100 vs 71 / 100 for SBA Communications Corporation).
Segment focus: Fair Isaac Corporation has 2 segments (58.7% in Scores); SBA Communications Corporation has 3 segments (69.5% in Domestic Site Leasing).
Primary market structure: Quasi-Monopoly vs Oligopoly. Pricing power: Strong vs Moderate.
Moat breadth: Fair Isaac Corporation has 5 moat types across 2 domains; SBA Communications Corporation has 4 across 2.

Primary market context

Fair Isaac Corporation

Scores

Market

Consumer credit scoring and related predictive scores used in lending decisions

Geography

Primarily United States; also international

Customer

Lenders (mortgage, credit card, auto, etc.), consumer reporting agencies, and consumers (B2C)

Role

Score model developer/licensor; distribution via consumer reporting agencies and direct-to-consumer channels

Revenue share

58.7%

SBA Communications Corporation

Domestic Site Leasing

Market

U.S. wireless macro tower leasing (multi-tenant co-location on communications towers)

Geography

United States and territories

Customer

Wireless service providers and other wireless network operators/tenants

Role

Independent tower owner/operator (REIT)

Revenue share

69.5%

Side-by-side metrics

Fair Isaac Corporation

SBA Communications Corporation

Ticker / Exchange

FICO - New York Stock Exchange

SBAC - NASDAQ

Market cap (USD)

$39.6B

n/a

Gross margin (TTM)

82.2%

n/a

Operating margin (TTM)

46.5%

n/a

Net margin (TTM)

32.8%

n/a

Sector

Technology

Real Estate

Industry

Software - Application

REIT - Specialty

HQ country

Primary segment

Scores

Domestic Site Leasing

Market structure

Quasi-Monopoly

Oligopoly

Market share

90% (reported)

16%-19% (implied)

HHI estimate

n/a

3,710

Pricing power

Strong

Moderate

Moat score

82 / 100

71 / 100

Moat domains

Network, Demand

Supply, Demand

Last update

2025-12-31

2026-01-02

Moat coverage

Shared moat types

No overlap yet.

Fair Isaac Corporation strengths

De Facto StandardFormat Lock InBrand TrustData Workflow LockinSwitching Costs General

SBA Communications Corporation strengths

Physical Network DensityLong Term ContractsScale Economies Unit CostOperational Excellence

Segment mix

Fair Isaac Corporation segments

Full profile >

Scores

Quasi-Monopoly

58.7%

Software

Competitive

41.3%

SBA Communications Corporation segments

Full profile >

Domestic Site Leasing

Oligopoly

69.5%

International Site Leasing

Oligopoly

24.8%

Site Development

Competitive

5.7%

Want the full wide moat stocks list?

Browse the full ranking of wide moat stocks, updated with moat scores and segment context.

View the moat stocks list

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.