VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

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Sunday, January 11, 2026

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Stock Comparison

Siemens Healthineers AG vs Straumann Holding AG

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

Siemens Healthineers AG

SHL · XETRA

Market cap (USD)$52.2B

Gross margin (TTM)38.6%

Operating margin (TTM)14.7%

Net margin (TTM)9.2%

SectorHealthcare

IndustryMedical - Devices

CountryDE

Data as of2025-12-28

Moat score

68/ 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 Siemens Healthineers AG's moat claims, evidence, and risks.

View SHL analysis

Straumann Holding AG

STMN · SIX Swiss Exchange

Market cap (USD)—

Gross margin (TTM)—

Operating margin (TTM)—

Net margin (TTM)—

SectorHealthcare

Industry—

CountryCH

Data as of2026-01-10

Moat score

68/ 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 Straumann Holding AG's moat claims, evidence, and risks.

View STMN analysis

Comparison highlights

Moat score: both at 68 / 100.
Segment focus: Siemens Healthineers AG has 4 segments (54.6% in Imaging); Straumann Holding AG has 3 segments.
Moat breadth: Siemens Healthineers AG has 8 moat types across 3 domains; Straumann Holding AG has 7 across 3.

Primary market context

Siemens Healthineers AG

Imaging

Market

Diagnostic medical imaging equipment and related software/services (MRI, CT, X-ray, molecular imaging, ultrasound)

Geography

Global

Customer

Hospitals, imaging centers, clinics, and integrated delivery networks

Role

OEM + digital platform and service provider

Revenue share

54.6%

Straumann Holding AG

Implantology (Tooth Replacement & Restoration)

Market

Dental implantology (tooth replacement and restoration solutions)

Geography

Global

Customer

Dental professionals (implantologists, oral surgeons, general dentists) and dental labs; DSOs

Role

Medical device OEM + branded implant system provider

Side-by-side metrics

Siemens Healthineers AG

Straumann Holding AG

Ticker / Exchange

SHL - XETRA

STMN - SIX Swiss Exchange

Market cap (USD)

$52.2B

n/a

Gross margin (TTM)

38.6%

n/a

Operating margin (TTM)

14.7%

n/a

Net margin (TTM)

9.2%

n/a

Sector

Healthcare

Industry

Medical - Devices

n/a

HQ country

Primary segment

Imaging

Implantology (Tooth Replacement & Restoration)

Market structure

Oligopoly

Market share

n/a

34%-36% (reported)

HHI estimate

n/a

Pricing power

Moderate

Moat score

68 / 100

Moat domains

Supply, Demand, Network

Demand, Supply, Network

Last update

2025-12-28

2026-01-10

Moat coverage

Shared moat types

Service Field NetworkData Workflow LockinEcosystem Complements

Siemens Healthineers AG strengths

Capex Knowhow ScaleLong Term ContractsInstalled Base ConsumablesDesign In QualificationSwitching Costs General

Straumann Holding AG strengths

Brand TrustTraining Org Change CostsScale Economies Unit CostInteroperability Hub

Segment mix

Siemens Healthineers AG segments

Full profile >

Imaging

Oligopoly

54.6%

Diagnostics

Oligopoly

18.7%

Varian

Oligopoly

17.6%

Advanced Therapies

Oligopoly

9.1%

Straumann Holding AG segments

Full profile >

Implantology (Tooth Replacement & Restoration)

Oligopoly

n/a

Orthodontics (Clear Aligner Solutions)

Oligopoly

n/a

Digital Dentistry & Prosthetics Workflow

Competitive

n/a

Want the full wide moat stocks list?

Browse the full ranking of wide moat stocks, updated with moat scores and segment context.

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Looking for expansion-stage stocks?

Proven models entering the expansion stage with unit economics that work.

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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.