VOL. XCIV, NO. 247
★ WIDE MOAT STOCKS COMPARISON ★
NO ADVICE
Wednesday, December 31, 2025
Stock Comparison
Fortinet, Inc. vs HEICO Corporation
Compare moat strength, market structure, and segment coverage to understand how each company defends its edge.
Fortinet, Inc.
FTNT · 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 Fortinet, Inc.'s moat claims, evidence, and risks.
View FTNT analysisHEICO Corporation
HEI · NYSE
Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.
Full stock profile
Dive deeper into HEICO Corporation's moat claims, evidence, and risks.
View HEI analysisComparison highlights
- Moat score gap: Fortinet, Inc. leads (84 / 100 vs 77 / 100 for HEICO Corporation).
- Segment focus: Fortinet, Inc. has 2 segments (68% in Subscriptions & Support Services); HEICO Corporation has 2 segments (69.5% in Flight Support Group (FSG)).
- Primary market structure: Quasi-Monopoly vs Oligopoly. Pricing power: Strong vs Moderate.
- Moat breadth: Fortinet, Inc. has 7 moat types across 3 domains; HEICO Corporation has 6 across 3.
Primary market context
Fortinet, Inc.
Subscriptions & Support Services
Cybersecurity subscriptions and technical support for Fortinet installed base (FortiGuard + FortiCare)
Global
Installed-base enterprises and channel partners
Vendor (subscription/support services)
68%
HEICO Corporation
Flight Support Group (FSG)
Aerospace aftermarket replacement parts and MRO services (jet engine and aircraft components), including FAA-approved PMA parts
Global
Commercial airlines, cargo carriers, MROs, OEMs, and government/military customers
Aftermarket parts manufacturer + MRO/repair provider + distributor
69.5%
Side-by-side metrics
Moat coverage
Shared moat types
No overlap yet.
Fortinet, Inc. strengths
HEICO Corporation strengths
Segment mix
Fortinet, Inc. segments
Full profile >Secure Networking Products
Oligopoly
Subscriptions & Support Services
Quasi-Monopoly
HEICO Corporation segments
Full profile >Flight Support Group (FSG)
Oligopoly
Electronic Technologies Group (ETG)
Oligopoly
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View the moat stocks listCuration & 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.