VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

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Saturday, January 3, 2026

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Stock Comparison

Halma plc vs MSCI Inc.

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

Halma plc

HLMA · London Stock Exchange

Market cap (USD)—

Gross margin (TTM)—

Operating margin (TTM)—

Net margin (TTM)—

SectorTechnology

Industry—

CountryGB

Data as of2026-01-02

Moat score

59/ 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 Halma plc's moat claims, evidence, and risks.

View HLMA analysis

MSCI Inc.

MSCI · New York Stock Exchange

Market cap (USD)$43.9B

Gross margin (TTM)82.4%

Operating margin (TTM)54.2%

Net margin (TTM)40%

SectorFinancials

IndustryFinancial - Data & Stock Exchanges

CountryUS

Data as of2025-12-28

Moat score

76/ 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 MSCI Inc.'s moat claims, evidence, and risks.

View MSCI analysis

Comparison highlights

Moat score gap: MSCI Inc. leads (76 / 100 vs 59 / 100 for Halma plc).
Segment focus: Halma plc has 3 segments (40% in Safety); MSCI Inc. has 4 segments (55.9% in Index).
Primary market structure: Competitive vs Oligopoly. Pricing power: Moderate vs Strong.
Moat breadth: Halma plc has 4 moat types across 2 domains; MSCI Inc. has 4 across 3.

Primary market context

Halma plc

Safety

Market

Safety technologies (fire safety, public safety, worker safety, and protection of critical assets/infrastructure)

Geography

Global

Customer

Commercial/industrial facility owners and operators; infrastructure operators; installers and OEM channels

Role

Technology OEM / component + systems supplier

Revenue share

40%

MSCI Inc.

Index

Market

Investment indexes and index licensing

Geography

Global

Customer

Institutional investors and asset managers

Role

Index provider / benchmark administrator

Revenue share

55.9%

Side-by-side metrics

Halma plc

MSCI Inc.

Ticker / Exchange

HLMA - London Stock Exchange

MSCI - New York Stock Exchange

Market cap (USD)

n/a

$43.9B

Gross margin (TTM)

n/a

82.4%

Operating margin (TTM)

n/a

54.2%

Net margin (TTM)

n/a

40%

Sector

Technology

Financials

Industry

n/a

Financial - Data & Stock Exchanges

HQ country

Primary segment

Safety

Index

Market structure

Competitive

Oligopoly

Market share

n/a

23%-27% (implied)

HHI estimate

n/a

Pricing power

Moderate

Strong

Moat score

59 / 100

76 / 100

Moat domains

Legal, Demand

Network, Demand, Legal

Last update

2026-01-02

2025-12-28

Moat coverage

Shared moat types

Compliance AdvantageSwitching Costs General

Halma plc strengths

Design In QualificationProcurement Inertia

MSCI Inc. strengths

De Facto StandardData Workflow Lockin

Segment mix

Halma plc segments

Full profile >

Safety

Competitive

40%

Environmental & Analysis

Competitive

35%

Healthcare

Competitive

25%

MSCI Inc. segments

Full profile >

Index

Oligopoly

55.9%

Analytics

Oligopoly

23.6%

Sustainability and Climate

Competitive

11.4%

Private Assets

Competitive

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.