VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

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Sunday, January 11, 2026

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Stock Comparison

Paychex, Inc. vs Straumann Holding AG

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

Paychex, Inc.

PAYX · NASDAQ Global Select Market

Market cap (USD)$41B

Gross margin (TTM)73.4%

Operating margin (TTM)37.1%

Net margin (TTM)26.5%

SectorIndustrials

IndustryStaffing & Employment Services

CountryUS

Data as of2026-01-04

Moat score

66/ 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 Paychex, Inc.'s moat claims, evidence, and risks.

View PAYX analysis

Straumann Holding AG

STMN · SIX Swiss Exchange

Market cap (USD)—

Gross margin (TTM)—

Operating margin (TTM)—

Net margin (TTM)—

SectorHealthcare

Industry—

CountryCH

Data as of2026-01-10

Moat score

68/ 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 Straumann Holding AG's moat claims, evidence, and risks.

View STMN analysis

Comparison highlights

Moat score gap: Straumann Holding AG leads (68 / 100 vs 66 / 100 for Paychex, Inc.).
Segment focus: Paychex, Inc. has 3 segments (73% in Management Solutions); Straumann Holding AG has 3 segments.
Moat breadth: Paychex, Inc. has 7 moat types across 4 domains; Straumann Holding AG has 7 across 3.

Primary market context

Paychex, Inc.

Management Solutions

Market

Payroll processing and integrated HCM solutions for SMB and mid-market employers

Geography

United States (primarily)

Customer

Employers (SMB and mid-market)

Role

HCM SaaS + outsourced payroll/HR service provider

Revenue share

73%

Straumann Holding AG

Implantology (Tooth Replacement & Restoration)

Market

Dental implantology (tooth replacement and restoration solutions)

Geography

Global

Customer

Dental professionals (implantologists, oral surgeons, general dentists) and dental labs; DSOs

Role

Medical device OEM + branded implant system provider

Side-by-side metrics

Paychex, Inc.

Straumann Holding AG

Ticker / Exchange

PAYX - NASDAQ Global Select Market

STMN - SIX Swiss Exchange

Market cap (USD)

$41B

n/a

Gross margin (TTM)

73.4%

n/a

Operating margin (TTM)

37.1%

n/a

Net margin (TTM)

26.5%

n/a

Sector

Industrials

Healthcare

Industry

Staffing & Employment Services

n/a

HQ country

Primary segment

Management Solutions

Implantology (Tooth Replacement & Restoration)

Market structure

Oligopoly

Market share

n/a

34%-36% (reported)

HHI estimate

n/a

Pricing power

Moderate

Moat score

66 / 100

68 / 100

Moat domains

Demand, Supply, Legal, Financial

Demand, Supply, Network

Last update

2026-01-04

2026-01-10

Moat coverage

Shared moat types

Data Workflow LockinService Field Network

Paychex, Inc. strengths

Suite BundlingCompliance AdvantageUnderwriting Risk PoolingSwitching Costs GeneralFloat Prepayment

Straumann Holding AG strengths

Brand TrustTraining Org Change CostsScale Economies Unit CostInteroperability HubEcosystem Complements

Segment mix

Paychex, Inc. segments

Full profile >

Management Solutions

Oligopoly

73%

PEO and Insurance Solutions

Competitive

24.1%

Client funds float (interest on funds held for clients)

Oligopoly

2.9%

Straumann Holding AG segments

Full profile >

Implantology (Tooth Replacement & Restoration)

Oligopoly

n/a

Orthodontics (Clear Aligner Solutions)

Oligopoly

n/a

Digital Dentistry & Prosthetics Workflow

Competitive

n/a

Want the full wide moat stocks list?

Browse the full ranking of wide moat stocks, updated with moat scores and segment context.

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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.