WIDE MOAT STOCKS COMPARISON

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Stock Comparison

SAP SE vs Xero Limited

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

SAP SE

SAP · XETRA

Market cap (USD)$271.7B
Gross margin (TTM)72.7%
Operating margin (TTM)27.1%
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

Xero Limited

XRO · Australian Securities Exchange

Market cap (USD)$6.6B
Gross margin (TTM)83.9%
Operating margin (TTM)11.5%
Net margin (TTM)6.1%
SectorTechnology
IndustryApplication software
CountryNZ
Data as of2026-08-23
82/100
Moat score

Weighted across the company's segments.

Full stock profile

Dive deeper into Xero Limited's moat claims, evidence, and risks.

View XRO analysis

Comparison highlights

  • Moat score gap: Xero Limited leads (82 / 100 vs 81 / 100 for SAP SE).
  • Segment focus: SAP SE has 2 segments (90.2% in Applications, Technology & Support); Xero Limited has 2 segments (50.6% in Australia and New Zealand).
  • Moat breadth: SAP SE has 5 moat types across 3 domains; Xero Limited has 4 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%

Xero Limited

Australia and New Zealand

Market

Cloud accounting, payroll, payments and financial operations software for small businesses and advisors

Geography

Australia and New Zealand

Customer

SMB; accountants & bookkeepers

Role

SaaS financial operating platform

Revenue share

50.6%

Side-by-side metrics

SAP SE
Xero Limited
Ticker / Exchange
SAP - XETRA
XRO - Australian Securities Exchange
Market cap (USD)
$271.7B
$6.6B
Gross margin (TTM)
72.7%
83.9%
Operating margin (TTM)
27.1%
11.5%
Net margin (TTM)
20.4%
6.1%
Sector
Technology
Technology
Industry
Application software
Application software
HQ country
DE
NZ
Primary segment
Applications, Technology & Support
Australia and New Zealand
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
82 / 100
Moat domains
Demand, Network, Legal
Demand, Network
Last update
2026-09-05
2026-09-05

Moat coverage

Shared moat types

Data Workflow LockinSuite Bundling

SAP SE strengths

Ecosystem ComplementsLong Term ContractsCompliance Advantage

Xero Limited strengths

Interoperability HubData Network Effects

Segment mix

SAP SE segments

Full profile >

Applications, Technology & Support

Oligopoly

90.2%

Core Services

Competitive

9.8%

Xero Limited segments

Full profile >

Australia and New Zealand

Oligopoly

50.6%

International

Competitive

49.4%

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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.