WIDE MOAT STOCKS COMPARISON

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Stock Comparison

SAP SE vs Workday, Inc.

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

SAP SE

SAP · XETRA

Market cap (USD)$237.8B
Gross margin (TTM)72.8%
Operating margin (TTM)26.7%
Net margin (TTM)20.4%
SectorTechnology
IndustryApplication software
CountryDE
Data as of2026-08-23
81/100
Moat score

Weighted across the company's segments.

Full stock profile

Dive deeper into SAP SE's moat claims, evidence, and risks.

View SAP analysis

Workday, Inc.

WDAY · NASDAQ

Market cap (USD)$45B
Gross margin (TTM)75.8%
Operating margin (TTM)10.7%
Net margin (TTM)12.3%
SectorTechnology
IndustryApplication software
CountryUS
Data as of2026-08-23
78/100
Moat score

Weighted across the company's segments.

Full stock profile

Dive deeper into Workday, Inc.'s moat claims, evidence, and risks.

View WDAY analysis

Comparison highlights

  • Moat score gap: SAP SE leads (81 / 100 vs 78 / 100 for Workday, Inc.).
  • Segment focus: SAP SE has 2 segments (90.2% in Applications, Technology & Support); Workday, Inc. has 2 segments (92.5% in Subscription services (Workday cloud applications + platform)).
  • Moat breadth: SAP SE has 5 moat types across 3 domains; Workday, Inc. has 3 across 2.

Primary market context

SAP SE

Applications, Technology & Support

Market

Enterprise application software suites, ERP-centric cloud subscriptions, software support, and platform services

Geography

Global

Customer

Large enterprises and upper mid-market

Role

Software vendor (SaaS + on-prem support + platform)

Revenue share

90.2%

Workday, Inc.

Subscription services (Workday cloud applications + platform)

Market

Enterprise cloud applications for managing people and money (HCM, financial management, spend, planning & analytics)

Geography

Global

Customer

Medium to large organizations (including higher education and government)

Role

SaaS application vendor and extensible platform provider

Revenue share

92.5%

Side-by-side metrics

SAP SE
Workday, Inc.
Ticker / Exchange
SAP - XETRA
WDAY - NASDAQ
Market cap (USD)
$237.8B
$45B
Gross margin (TTM)
72.8%
75.8%
Operating margin (TTM)
26.7%
10.7%
Net margin (TTM)
20.4%
12.3%
Sector
Technology
Technology
Industry
Application software
Application software
HQ country
DE
US
Primary segment
Applications, Technology & Support
Subscription services (Workday cloud applications + platform)
Market structure
Oligopoly
Oligopoly
Market share
4.7% (estimated)
n/a
HHI estimate
n/a
n/a
Pricing power
Moderate
Moderate
Moat score
81 / 100
78 / 100
Moat domains
Demand, Network, Legal
Demand, Network
Last update
2026-09-05
2026-09-05

Moat coverage

Shared moat types

Data Workflow Lockin

SAP SE strengths

Suite BundlingEcosystem ComplementsLong Term ContractsCompliance Advantage

Workday, Inc. strengths

Training Org Change CostsInteroperability Hub

Segment mix

SAP SE segments

Full profile >

Applications, Technology & Support

Oligopoly

90.2%

Core Services

Competitive

9.8%

Workday, Inc. segments

Full profile >

Subscription services (Workday cloud applications + platform)

Oligopoly

92.5%

Professional services (deployment, optimization, training)

Competitive

7.5%

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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.