VOL. XCIV, NO. 247
★ WIDE MOAT STOCKS COMPARISON ★
NO ADVICE
Sunday, January 11, 2026
Stock Comparison
Morningstar, Inc. vs Tradeweb Markets Inc.
Compare moat strength, market structure, and segment coverage to understand how each company defends its edge.
Morningstar, Inc.
MORN · NASDAQ
Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.
Full stock profile
Dive deeper into Morningstar, Inc.'s moat claims, evidence, and risks.
View MORN analysisTradeweb Markets Inc.
TW · Nasdaq Global Select Market
Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.
Full stock profile
Dive deeper into Tradeweb Markets Inc.'s moat claims, evidence, and risks.
View TW analysisComparison highlights
- Moat score gap: Tradeweb Markets Inc. leads (70 / 100 vs 67 / 100 for Morningstar, Inc.).
- Segment focus: Morningstar, Inc. has 7 segments (34.6% in Morningstar Data and Analytics); Tradeweb Markets Inc. has 6 segments (52.4% in Rates).
- Moat breadth: Morningstar, Inc. has 6 moat types across 3 domains; Tradeweb Markets Inc. has 7 across 4.
Primary market context
Morningstar, Inc.
Morningstar Data and Analytics
Investment data, research, and analytics platforms
Global
34.6%
Tradeweb Markets Inc.
Rates
Electronic dealer-to-client and all-to-all trading in rates (government bonds, mortgages/TBA MBS, interest rate swaps)
Global
Institutional, wholesale dealers, and retail via ATS
Electronic marketplace / trading venue
52.4%
Side-by-side metrics
Moat coverage
Shared moat types
Morningstar, Inc. strengths
Tradeweb Markets Inc. strengths
Segment mix
Morningstar, Inc. segments
Full profile >Morningstar Data and Analytics
Oligopoly
PitchBook
Oligopoly
Morningstar Credit
Oligopoly
Morningstar Wealth
Competitive
Morningstar Retirement
Competitive
Morningstar Sustainalytics
Oligopoly
Morningstar Indexes
Oligopoly
Tradeweb Markets Inc. segments
Full profile >Rates
Oligopoly
Credit
Oligopoly
Equities
Competitive
Money Markets
Oligopoly
Market Data
Competitive
Other
Competitive
Want the full wide moat stocks list?
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View the moat stocks listLooking for expansion-stage stocks?
Proven models entering the expansion stage with unit economics that work.
View expansion-stage stocksCuration & 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.