VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

NO ADVICE

Stock Comparison

Shopify Inc. vs Synopsys, Inc.

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

Shopify Inc.

SHOP · Nasdaq Global Select Market

Market cap (USD)$163.7B
Gross margin (TTM)48.1%
Operating margin (TTM)12.7%
Net margin (TTM)10.7%
SectorTechnology
IndustrySoftware - Application
CountryCA
Data as of2026-04-25
Moat score
73/ 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 Shopify Inc.'s moat claims, evidence, and risks.

View SHOP analysis

Synopsys, Inc.

SNPS · NASDAQ

Market cap (USD)$87.5B
Gross margin (TTM)75.1%
Operating margin (TTM)10.8%
Net margin (TTM)13.8%
SectorTechnology
IndustrySoftware - Infrastructure
CountryUS
Data as of2025-12-29
Moat score
85/ 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 Synopsys, Inc.'s moat claims, evidence, and risks.

View SNPS analysis

Comparison highlights

  • Moat score gap: Synopsys, Inc. leads (85 / 100 vs 73 / 100 for Shopify Inc.).
  • Segment focus: Shopify Inc. has 2 segments (76.2% in Merchant Solutions); Synopsys, Inc. has 2 segments (75.2% in Design Automation).
  • Primary market structure: Competitive vs Oligopoly. Pricing power: Moderate vs Moderate.
  • Moat breadth: Shopify Inc. has 7 moat types across 3 domains; Synopsys, Inc. has 5 across 2.

Primary market context

Shopify Inc.

Merchant Solutions

Market

Integrated merchant payments, checkout, lending, shipping, POS hardware, partner referrals, ads and buyer-acquisition services for Shopify merchants

Geography

Global, with Shopify Payments and related solutions available across selected countries

Customer

Shopify merchants, Shopify Plus merchants, retail operators and buyers using Shop Pay or Shop App

Role

Embedded payments, checkout, fintech, fulfillment-adjacent and commerce-services layer attached to Shopify storefronts

Revenue share

76.2%

Synopsys, Inc.

Design Automation

Market

Electronic design automation (EDA) software and silicon-to-systems simulation & analysis tools

Geography

Global

Customer

Semiconductor and systems companies (chip/system designers)

Role

Software + hardware tooling provider / platform

Revenue share

75.2%

Side-by-side metrics

Shopify Inc.
Synopsys, Inc.
Ticker / Exchange
SHOP - Nasdaq Global Select Market
SNPS - NASDAQ
Market cap (USD)
$163.7B
$87.5B
Gross margin (TTM)
48.1%
75.1%
Operating margin (TTM)
12.7%
10.8%
Net margin (TTM)
10.7%
13.8%
Sector
Technology
Technology
Industry
Software - Application
Software - Infrastructure
HQ country
CA
US
Primary segment
Merchant Solutions
Design Automation
Market structure
Competitive
Oligopoly
Market share
65.6% (reported)
30%-32% (reported)
HHI estimate
n/a
2,140
Pricing power
Moderate
Moderate
Moat score
73 / 100
85 / 100
Moat domains
Network, Demand, Supply
Demand, Supply
Last update
2026-04-25
2025-12-29

Moat coverage

Shared moat types

Suite Bundling

Shopify Inc. strengths

Ecosystem ComplementsData Workflow LockinBrand TrustKeystone ComponentHabit DefaultScale Economies Unit Cost

Synopsys, Inc. strengths

Switching Costs GeneralCapex Knowhow ScaleDesign In QualificationInstalled Base Consumables

Segment mix

Shopify Inc. segments

Full profile >

Subscription Solutions

Competitive

23.8%

Merchant Solutions

Competitive

76.2%

Synopsys, Inc. segments

Full profile >

Design Automation

Oligopoly

75.2%

Design IP

Oligopoly

24.8%

Want the full wide moat stocks list?

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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.