VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

NO ADVICE

Thursday, January 8, 2026

Stock Comparison

The Progressive Corporation vs Parker-Hannifin Corporation

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

The Progressive Corporation

PGR · New York Stock Exchange

Market cap (USD)$124.8B
Gross margin (TTM)26.3%
Operating margin (TTM)15.9%
Net margin (TTM)12.6%
SectorFinancials
IndustryInsurance - Property & Casualty
CountryUS
Data as of2026-01-04
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 The Progressive Corporation's moat claims, evidence, and risks.

View PGR analysis

Parker-Hannifin Corporation

PH · New York Stock Exchange

Market cap (USD)$115.9B
Gross margin (TTM)37.1%
Operating margin (TTM)20.8%
Net margin (TTM)18.2%
SectorIndustrials
IndustryIndustrial - Machinery
CountryUS
Data as of2025-12-31
Moat score
71/ 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 Parker-Hannifin Corporation's moat claims, evidence, and risks.

View PH analysis

Comparison highlights

  • Moat score gap: The Progressive Corporation leads (75 / 100 vs 71 / 100 for Parker-Hannifin Corporation).
  • Segment focus: The Progressive Corporation has 2 segments (85% in Personal Lines); Parker-Hannifin Corporation has 2 segments (68.8% in Diversified Industrial).
  • Primary market structure: Oligopoly vs Competitive. Pricing power: Moderate vs Moderate.
  • Moat breadth: The Progressive Corporation has 5 moat types across 2 domains; Parker-Hannifin Corporation has 5 across 2.

Primary market context

The Progressive Corporation

Personal Lines

Market

U.S. private passenger auto insurance (dominant) plus specialty personal lines and homeowners/renters (small portion)

Geography

United States

Customer

Individuals/households

Role

Primary insurer (P&C)

Revenue share

85%

Parker-Hannifin Corporation

Diversified Industrial

Market

Motion and control components & systems (industrial and mobile applications)

Geography

Global

Customer

OEMs and industrial distributors/aftermarket channels

Role

Component and system designer/manufacturer with aftermarket support

Revenue share

68.8%

Side-by-side metrics

The Progressive Corporation
Parker-Hannifin Corporation
Ticker / Exchange
PGR - New York Stock Exchange
PH - New York Stock Exchange
Market cap (USD)
$124.8B
$115.9B
Gross margin (TTM)
26.3%
37.1%
Operating margin (TTM)
15.9%
20.8%
Net margin (TTM)
12.6%
18.2%
Sector
Financials
Industrials
Industry
Insurance - Property & Casualty
Industrial - Machinery
HQ country
US
US
Primary segment
Personal Lines
Diversified Industrial
Market structure
Oligopoly
Competitive
Market share
16.7% (reported)
n/a
HHI estimate
n/a
n/a
Pricing power
Moderate
Moderate
Moat score
75 / 100
71 / 100
Moat domains
Supply, Demand
Supply, Demand
Last update
2026-01-04
2025-12-31

Moat coverage

Shared moat types

Operational Excellence

The Progressive Corporation strengths

Learning Curve YieldBrand TrustService Field NetworkSuite Bundling

Parker-Hannifin Corporation strengths

Distribution ControlDesign In QualificationScope EconomiesInstalled Base Consumables

Segment mix

The Progressive Corporation segments

Full profile >

Personal Lines

Oligopoly

85%

Commercial Lines

Competitive

15%

Parker-Hannifin Corporation segments

Full profile >

Diversified Industrial

Competitive

68.8%

Aerospace Systems

Oligopoly

31.2%

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.