VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

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Sunday, January 11, 2026

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Stock Comparison

Global Payments Inc. vs Kongsberg Gruppen ASA

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

Global Payments Inc.

GPN · New York Stock Exchange

Market cap (USD)$18.8B

Gross margin (TTM)—

Operating margin (TTM)—

Net margin (TTM)—

SectorFinancials

Industry—

CountryUS

Data as of2026-01-10

Moat score

62/ 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 Global Payments Inc.'s moat claims, evidence, and risks.

View GPN analysis

Kongsberg Gruppen ASA

KOG · Euronext Oslo Bors

Market cap (USD)$263.2B

Gross margin (TTM)38.1%

Operating margin (TTM)13.5%

Net margin (TTM)12.9%

SectorIndustrials

IndustryAerospace & Defense

CountryNO

Data as of2025-12-28

Moat score

81/ 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 Kongsberg Gruppen ASA's moat claims, evidence, and risks.

View KOG analysis

Comparison highlights

Moat score gap: Kongsberg Gruppen ASA leads (81 / 100 vs 62 / 100 for Global Payments Inc.).
Segment focus: Global Payments Inc. has 2 segments (76.1% in Merchant Solutions); Kongsberg Gruppen ASA has 4 segments (49.5% in Kongsberg Maritime).
Primary market structure: Competitive vs Oligopoly. Pricing power: Moderate vs Moderate.
Moat breadth: Global Payments Inc. has 6 moat types across 4 domains; Kongsberg Gruppen ASA has 9 across 4.

Primary market context

Global Payments Inc.

Merchant Solutions

Market

Merchant acquiring and integrated payments (card-present and e-commerce)

Geography

Global

Customer

Merchants (SMB to enterprise) and software platforms

Role

Acquirer and payment processor

Revenue share

76.1%

Kongsberg Gruppen ASA

Kongsberg Maritime

Market

Maritime technology & integrated ship systems (propulsion, automation, bridge, energy efficiency, service)

Geography

Global

Customer

Shipyards, shipowners, offshore operators, naval customers

Role

OEM and systems integrator; aftermarket service provider

Revenue share

49.5%

Side-by-side metrics

Global Payments Inc.

Kongsberg Gruppen ASA

Ticker / Exchange

GPN - New York Stock Exchange

KOG - Euronext Oslo Bors

Market cap (USD)

$18.8B

$263.2B

Gross margin (TTM)

n/a

38.1%

Operating margin (TTM)

n/a

13.5%

Net margin (TTM)

n/a

12.9%

Sector

Financials

Industrials

Industry

n/a

Aerospace & Defense

HQ country

Primary segment

Merchant Solutions

Kongsberg Maritime

Market structure

Competitive

Oligopoly

Market share

n/a

30%-35% (reported)

HHI estimate

n/a

Pricing power

Moderate

Moat score

62 / 100

81 / 100

Moat domains

Network, Demand, Supply, Legal

Demand, Supply, Legal, Network

Last update

2026-01-10

2025-12-28

Moat coverage

Shared moat types

Ecosystem ComplementsData Workflow LockinLong Term ContractsCompliance Advantage

Global Payments Inc. strengths

Scale Economies Unit CostSwitching Costs General

Kongsberg Gruppen ASA strengths

Installed Base ConsumablesService Field NetworkGovernment Contracting RelationshipsDesign In QualificationCapex Knowhow Scale

Segment mix

Global Payments Inc. segments

Full profile >

Merchant Solutions

Competitive

76.1%

Issuer Solutions

Oligopoly

24.6%

Kongsberg Gruppen ASA segments

Full profile >

Kongsberg Maritime

Oligopoly

49.5%

Kongsberg Defence & Aerospace

Oligopoly

38.2%

Kongsberg Discovery

Competitive

8.8%

Kongsberg Digital

Competitive

3.5%

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

Looking for expansion-stage stocks?

Proven models entering the expansion stage with unit economics that work.

View expansion-stage stocks

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.