VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

NO ADVICE

Wednesday, January 7, 2026

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Stock Comparison

KKR & Co. Inc. vs Union Pacific Corporation

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

KKR & Co. Inc.

KKR · New York Stock Exchange

Market cap (USD)$119.9B

Gross margin (TTM)19.5%

Operating margin (TTM)2.6%

Net margin (TTM)14.1%

SectorFinancials

IndustryAsset Management

CountryUS

Data as of2026-01-06

Moat score

67/ 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 KKR & Co. Inc.'s moat claims, evidence, and risks.

View KKR analysis

Union Pacific Corporation

UNP · New York Stock Exchange

Market cap (USD)$137.6B

Gross margin (TTM)45.9%

Operating margin (TTM)40.6%

Net margin (TTM)28.7%

SectorIndustrials

IndustryRailroads

CountryUS

Data as of2025-12-30

Moat score

72/ 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 Union Pacific Corporation's moat claims, evidence, and risks.

View UNP analysis

Comparison highlights

Moat score gap: Union Pacific Corporation leads (72 / 100 vs 67 / 100 for KKR & Co. Inc.).
Segment focus: KKR & Co. Inc. has 3 segments (52.3% in Asset Management); Union Pacific Corporation has 4 segments (34.8% in Industrial).
Moat breadth: KKR & Co. Inc. has 7 moat types across 4 domains; Union Pacific Corporation has 5 across 2.

Primary market context

KKR & Co. Inc.

Asset Management

Market

Alternative asset management (private equity, private credit, real assets, and related strategies)

Geography

Global

Customer

Institutional and wealth investors (LPs) allocating to private markets

Role

General partner / investment manager

Revenue share

52.3%

Union Pacific Corporation

Industrial

Market

Rail freight transportation for industrial commodities (chemicals and plastics, metals and minerals, forest products, energy and specialized markets)

Geography

U.S. western two-thirds with interchange to other railroads; cross-border corridors to Mexico and Canada

Customer

Chemical producers, refiners, plastics manufacturers, construction and material suppliers, metals and mining, industrial shippers

Role

Class I rail carrier / linehaul freight transport

Revenue share

34.8%

Side-by-side metrics

KKR & Co. Inc.

Union Pacific Corporation

Ticker / Exchange

KKR - New York Stock Exchange

UNP - New York Stock Exchange

Market cap (USD)

$119.9B

$137.6B

Gross margin (TTM)

19.5%

45.9%

Operating margin (TTM)

2.6%

40.6%

Net margin (TTM)

14.1%

28.7%

Sector

Financials

Industrials

Industry

Asset Management

Railroads

HQ country

Primary segment

Asset Management

Industrial

Market structure

Oligopoly

Market share

3.5%-5% (implied)

n/a

HHI estimate

n/a

Pricing power

Moderate

Moat score

67 / 100

72 / 100

Moat domains

Demand, Supply, Financial, Legal

Legal, Supply

Last update

2026-01-06

2025-12-30

Moat coverage

Shared moat types

Scale Economies Unit Cost

KKR & Co. Inc. strengths

Long Term ContractsBrand TrustDeal sourcing and origination relationshipsFloat PrepaymentCompliance AdvantageCapital markets and exit execution capability

Union Pacific Corporation strengths

Permits Rights Of WayPhysical Network DensityOperational ExcellenceScope Economies

Segment mix

KKR & Co. Inc. segments

Full profile >

Asset Management

Oligopoly

52.3%

Insurance

Competitive

46.5%

Strategic Holdings

Competitive

1.2%

Union Pacific Corporation segments

Full profile >

Bulk

Oligopoly

29.7%

Industrial

Oligopoly

34.8%

Premium

Oligopoly

29.5%

Other subsidiary, accessorial and other revenues

Competitive

5.9%

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.