VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

NO ADVICE

Saturday, January 10, 2026

Stock Comparison

The Procter & Gamble Company vs Waters Corporation

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

The Procter & Gamble Company

PG · New York Stock Exchange

Market cap (USD)$331.4B
Gross margin (TTM)51%
Operating margin (TTM)24.2%
Net margin (TTM)19.7%
SectorConsumer
IndustryHousehold & Personal Products
CountryUS
Data as of2025-12-30
Moat score
79/ 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 The Procter & Gamble Company's moat claims, evidence, and risks.

View PG analysis

Waters Corporation

WAT · New York Stock Exchange

Market cap (USD)$23.7B
Gross margin (TTM)
Operating margin (TTM)
Net margin (TTM)
SectorHealthcare
Industry
CountryUS
Data as of2026-01-09
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 Waters Corporation's moat claims, evidence, and risks.

View WAT analysis

Comparison highlights

  • Moat score gap: The Procter & Gamble Company leads (79 / 100 vs 66 / 100 for Waters Corporation).
  • Segment focus: The Procter & Gamble Company has 5 segments (35.1% in Fabric & Home Care); Waters Corporation has 4 segments (34.9% in Waters instrument systems).
  • Moat breadth: The Procter & Gamble Company has 4 moat types across 2 domains; Waters Corporation has 7 across 2.

Primary market context

The Procter & Gamble Company

Fabric & Home Care

Market

Branded fabric care and home care (laundry detergents/additives, dish care, surface/home cleaning, air care)

Geography

Global

Customer

Consumers via retail and e-commerce channels

Role

Brand owner / manufacturer

Revenue share

35.1%

Waters Corporation

Waters instrument systems

Market

Liquid chromatography (LC/UPLC) and mass spectrometry (MS) analytical instrument systems (including LC-MS workflows and instrument control/data system software)

Geography

Global

Customer

Pharma/biotech, industrial, academic and government laboratories

Role

OEM + software/platform provider

Revenue share

34.9%

Side-by-side metrics

The Procter & Gamble Company
Waters Corporation
Ticker / Exchange
PG - New York Stock Exchange
WAT - New York Stock Exchange
Market cap (USD)
$331.4B
$23.7B
Gross margin (TTM)
51%
n/a
Operating margin (TTM)
24.2%
n/a
Net margin (TTM)
19.7%
n/a
Sector
Consumer
Healthcare
Industry
Household & Personal Products
n/a
HQ country
US
US
Primary segment
Fabric & Home Care
Waters instrument systems
Market structure
Oligopoly
Oligopoly
Market share
35% (reported)
n/a
HHI estimate
n/a
n/a
Pricing power
Moderate
Moderate
Moat score
79 / 100
66 / 100
Moat domains
Demand, Supply
Demand, Supply
Last update
2025-12-30
2026-01-09

Moat coverage

Shared moat types

Brand TrustInstalled Base Consumables

The Procter & Gamble Company strengths

Distribution ControlScale Economies Unit Cost

Waters Corporation strengths

Data Workflow LockinDesign In QualificationSupply Chain ControlLong Term ContractsService Field Network

Segment mix

The Procter & Gamble Company segments

Full profile >

Beauty

Oligopoly

17.8%

Grooming

Quasi-Monopoly

7.9%

Health Care

Oligopoly

14.2%

Fabric & Home Care

Oligopoly

35.1%

Baby, Feminine & Family Care

Oligopoly

24%

Waters Corporation segments

Full profile >

Waters instrument systems

Oligopoly

34.9%

Chemistry consumables

Competitive

19.1%

Waters service & software maintenance

Competitive

34%

TA instrument systems & service

Oligopoly

12%

Want the full wide moat stocks list?

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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.