VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

NO ADVICE

Friday, January 2, 2026

Stock Comparison

SBA Communications Corporation vs Temenos AG

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

SBA Communications Corporation

SBAC · NASDAQ

Market cap (USD)
Gross margin (TTM)
Operating margin (TTM)
Net margin (TTM)
SectorReal Estate
IndustryREIT - Specialty
CountryUS
Data as of2026-01-02
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 SBA Communications Corporation's moat claims, evidence, and risks.

View SBAC analysis

Temenos AG

TEMN · SIX Swiss Exchange

Market cap (USD)$5.5B
Gross margin (TTM)68%
Operating margin (TTM)24.5%
Net margin (TTM)29.4%
SectorTechnology
IndustrySoftware - Application
CountryCH
Data as of2025-12-28
Moat score
64/ 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 Temenos AG's moat claims, evidence, and risks.

View TEMN analysis

Comparison highlights

  • Moat score gap: SBA Communications Corporation leads (71 / 100 vs 64 / 100 for Temenos AG).
  • Segment focus: SBA Communications Corporation has 3 segments (69.5% in Domestic Site Leasing); Temenos AG has 2 segments (87.6% in Product).
  • Moat breadth: SBA Communications Corporation has 4 moat types across 2 domains; Temenos AG has 6 across 3.

Primary market context

SBA Communications Corporation

Domestic Site Leasing

Market

U.S. wireless macro tower leasing (multi-tenant co-location on communications towers)

Geography

United States and territories

Customer

Wireless service providers and other wireless network operators/tenants

Role

Independent tower owner/operator (REIT)

Revenue share

69.5%

Temenos AG

Product

Market

Banking software platforms (core banking, digital banking, payments, wealth, financial crime, analytics) for banks and financial institutions

Geography

Global

Customer

Banks and financial institutions

Role

Independent software vendor / platform provider

Revenue share

87.6%

Side-by-side metrics

SBA Communications Corporation
Temenos AG
Ticker / Exchange
SBAC - NASDAQ
TEMN - SIX Swiss Exchange
Market cap (USD)
n/a
$5.5B
Gross margin (TTM)
n/a
68%
Operating margin (TTM)
n/a
24.5%
Net margin (TTM)
n/a
29.4%
Sector
Real Estate
Technology
Industry
REIT - Specialty
Software - Application
HQ country
US
CH
Primary segment
Domestic Site Leasing
Product
Market structure
Oligopoly
Oligopoly
Market share
16%-19% (implied)
n/a
HHI estimate
3,710
n/a
Pricing power
Moderate
Moderate
Moat score
71 / 100
64 / 100
Moat domains
Supply, Demand
Demand, Network, Supply
Last update
2026-01-02
2025-12-28

Moat coverage

Shared moat types

Long Term ContractsOperational Excellence

SBA Communications Corporation strengths

Physical Network DensityScale Economies Unit Cost

Temenos AG strengths

Training Org Change CostsEcosystem ComplementsSuite BundlingBrand Trust

Segment mix

SBA Communications Corporation segments

Full profile >

Domestic Site Leasing

Oligopoly

69.5%

International Site Leasing

Oligopoly

24.8%

Site Development

Competitive

5.7%

Temenos AG segments

Full profile >

Product

Oligopoly

87.6%

Services

Competitive

12.4%

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.