VOL. XCIV, NO. 247
★ WIDE MOAT STOCKS COMPARISON ★
NO ADVICE
Friday, January 2, 2026
Stock Comparison
Intercontinental Exchange, Inc. vs TC Energy Corporation
Compare moat strength, market structure, and segment coverage to understand how each company defends its edge.
Intercontinental Exchange, Inc.
ICE · New York Stock Exchange
Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.
Full stock profile
Dive deeper into Intercontinental Exchange, Inc.'s moat claims, evidence, and risks.
View ICE analysisTC Energy Corporation
TRP · New York Stock Exchange
Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.
Full stock profile
Dive deeper into TC Energy Corporation's moat claims, evidence, and risks.
View TRP analysisComparison highlights
- Moat score gap: Intercontinental Exchange, Inc. leads (87 / 100 vs 80 / 100 for TC Energy Corporation).
- Segment focus: Intercontinental Exchange, Inc. has 3 segments (53.4% in Exchanges); TC Energy Corporation has 4 segments (46.1% in U.S. Natural Gas Pipelines).
- Primary market structure: Oligopoly vs Oligopoly. Pricing power: Strong vs Weak.
- Moat breadth: Intercontinental Exchange, Inc. has 10 moat types across 4 domains; TC Energy Corporation has 4 across 3.
Primary market context
Intercontinental Exchange, Inc.
Exchanges
Derivatives, cash equities, and listings exchanges plus central clearing (CCP) services
Global
Market participants (banks, broker-dealers, asset managers, proprietary traders) and issuers
Exchange operator + clearing house (CCP)
53.4%
TC Energy Corporation
U.S. Natural Gas Pipelines
U.S. interstate natural gas pipeline transportation (FERC-regulated)
United States
Utilities/LDCs, power generators, LNG/export facilities, industrial users and marketers (as shippers)
Midstream pipeline operator
46.1%
Side-by-side metrics
Moat coverage
Shared moat types
Intercontinental Exchange, Inc. strengths
TC Energy Corporation strengths
Segment mix
Intercontinental Exchange, Inc. segments
Full profile >Exchanges
Oligopoly
Fixed Income and Data Services
Oligopoly
Mortgage Technology
Oligopoly
TC Energy Corporation segments
Full profile >Canadian Natural Gas Pipelines
Quasi-Monopoly
U.S. Natural Gas Pipelines
Oligopoly
Mexico Natural Gas Pipelines
Oligopoly
Power and Energy Solutions
Competitive
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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.