VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

NO ADVICE

Stock Comparison

Linde plc vs Vulcan Materials Company

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

Linde plc

LIN · Nasdaq Stock Market

Market cap (USD)$231.8B
Gross margin (TTM)43.3%
Operating margin (TTM)26.3%
Net margin (TTM)20.4%
SectorMaterials
IndustryChemicals - Specialty
CountryIE
Data as of2025-12-29
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 Linde plc's moat claims, evidence, and risks.

View LIN analysis

Vulcan Materials Company

VMC · New York Stock Exchange

Market cap (USD)$40.3B
Gross margin (TTM)27.3%
Operating margin (TTM)20.1%
Net margin (TTM)13.6%
SectorMaterials
IndustryConstruction Materials
CountryUS
Data as of2026-01-01
Moat score
73/ 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 Vulcan Materials Company's moat claims, evidence, and risks.

View VMC analysis

Comparison highlights

  • Moat score gap: Vulcan Materials Company leads (73 / 100 vs 72 / 100 for Linde plc).
  • Segment focus: Linde plc has 4 segments (43.8% in Americas); Vulcan Materials Company has 3 segments (74.4% in Aggregates).
  • Primary market structure: Oligopoly vs Oligopoly. Pricing power: Moderate vs Strong.
  • Moat breadth: Linde plc has 5 moat types across 3 domains; Vulcan Materials Company has 5 across 2.

Primary market context

Linde plc

Americas

Market

Industrial gases (Americas)

Geography

Americas

Customer

B2B + healthcare

Role

Producer, distributor, on-site plant owner/operator

Revenue share

43.8%

Vulcan Materials Company

Aggregates

Market

Construction aggregates (crushed stone, sand & gravel)

Geography

United States (local/regional markets)

Customer

Construction contractors and public infrastructure agencies

Role

Upstream raw materials producer

Revenue share

74.4%

Side-by-side metrics

Linde plc
Vulcan Materials Company
Ticker / Exchange
LIN - Nasdaq Stock Market
VMC - New York Stock Exchange
Market cap (USD)
$231.8B
$40.3B
Gross margin (TTM)
43.3%
27.3%
Operating margin (TTM)
26.3%
20.1%
Net margin (TTM)
20.4%
13.6%
Sector
Materials
Materials
Industry
Chemicals - Specialty
Construction Materials
HQ country
IE
US
Primary segment
Americas
Aggregates
Market structure
Oligopoly
Oligopoly
Market share
n/a
8%-11% (implied)
HHI estimate
n/a
n/a
Pricing power
Moderate
Strong
Moat score
72 / 100
73 / 100
Moat domains
Demand, Supply, Legal
Legal, Supply
Last update
2025-12-29
2026-01-01

Moat coverage

Shared moat types

Physical Network DensityScale Economies Unit Cost

Linde plc strengths

Long Term ContractsCapex Knowhow ScaleIP Choke Point

Vulcan Materials Company strengths

Permits Rights Of WayGeographic NaturalSupply Chain Control

Segment mix

Linde plc segments

Full profile >

Americas

Oligopoly

43.8%

EMEA

Oligopoly

25.3%

APAC

Oligopoly

20.1%

Engineering

Competitive

7%

Vulcan Materials Company segments

Full profile >

Aggregates

Oligopoly

74.4%

Asphalt

Competitive

16.8%

Concrete

Competitive

8.8%

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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.