VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

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Friday, January 2, 2026

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Stock Comparison

PACCAR Inc vs TC Energy Corporation

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

PACCAR Inc

PCAR · NASDAQ

Market cap (USD)$58.5B

Gross margin (TTM)17.4%

Operating margin (TTM)11.4%

Net margin (TTM)9.1%

SectorIndustrials

IndustryAgricultural - Machinery

CountryUS

Data as of2026-01-01

Moat score

75/ 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 PACCAR Inc's moat claims, evidence, and risks.

View PCAR analysis

TC Energy Corporation

TRP · New York Stock Exchange

Market cap (USD)$37B

Gross margin (TTM)—

Operating margin (TTM)—

Net margin (TTM)—

SectorEnergy

Industry—

CountryCA

Data as of2026-01-02

Moat score

80/ 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 TC Energy Corporation's moat claims, evidence, and risks.

View TRP analysis

Comparison highlights

Moat score gap: TC Energy Corporation leads (80 / 100 vs 75 / 100 for PACCAR Inc).
Segment focus: PACCAR Inc has 3 segments (73.8% in Truck); TC Energy Corporation has 4 segments (46.1% in U.S. Natural Gas Pipelines).
Primary market structure: Oligopoly vs Oligopoly. Pricing power: Moderate vs Weak.
Moat breadth: PACCAR Inc has 8 moat types across 3 domains; TC Energy Corporation has 4 across 3.

Primary market context

PACCAR Inc

Truck

Market

Commercial truck OEM (heavy- and medium-duty)

Geography

Global (U.S./Canada and Europe primary)

Customer

Fleets, owner-operators, dealers

Role

OEM / manufacturer

Revenue share

73.8%

TC Energy Corporation

U.S. Natural Gas Pipelines

Market

U.S. interstate natural gas pipeline transportation (FERC-regulated)

Geography

United States

Customer

Utilities/LDCs, power generators, LNG/export facilities, industrial users and marketers (as shippers)

Role

Midstream pipeline operator

Revenue share

46.1%

Side-by-side metrics

PACCAR Inc

TC Energy Corporation

Ticker / Exchange

PCAR - NASDAQ

TRP - New York Stock Exchange

Market cap (USD)

$58.5B

$37B

Gross margin (TTM)

17.4%

n/a

Operating margin (TTM)

11.4%

n/a

Net margin (TTM)

9.1%

n/a

Sector

Industrials

Energy

Industry

Agricultural - Machinery

n/a

HQ country

Primary segment

Truck

U.S. Natural Gas Pipelines

Market structure

Oligopoly

Market share

30%-31% (reported)

n/a

HHI estimate

n/a

Pricing power

Moderate

Weak

Moat score

75 / 100

80 / 100

Moat domains

Demand, Supply, Financial

Legal, Demand, Supply

Last update

2026-01-01

2026-01-02

Moat coverage

Shared moat types

Physical Network Density

PACCAR Inc strengths

Brand TrustService Field NetworkCapex Knowhow ScaleInstalled Base ConsumablesDistribution ControlCost Of Capital AdvantageCaptive finance integration

TC Energy Corporation strengths

Regulated Standards PipeLong Term ContractsGovernment Contracting Relationships

Segment mix

PACCAR Inc segments

Full profile >

Truck

Oligopoly

73.8%

Parts

Competitive

19.8%

Financial Services

Competitive

6.2%

TC Energy Corporation segments

Full profile >

Canadian Natural Gas Pipelines

Quasi-Monopoly

40.7%

U.S. Natural Gas Pipelines

Oligopoly

46.1%

Mexico Natural Gas Pipelines

Oligopoly

6.3%

Power and Energy Solutions

Competitive

6.9%

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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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.