VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

NO ADVICE

Saturday, January 10, 2026

Stock Comparison

Spirax Group plc vs Trimble Inc.

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

Spirax Group plc

SPX · London Stock Exchange

Market cap (USD)$5.2B
Gross margin (TTM)19.6%
Operating margin (TTM)17.2%
Net margin (TTM)10.7%
SectorIndustrials
IndustryIndustrial - Machinery
CountryGB
Data as of2025-12-28
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 Spirax Group plc's moat claims, evidence, and risks.

View SPX analysis

Trimble Inc.

TRMB · Nasdaq Global Select Market

Market cap (USD)
Gross margin (TTM)
Operating margin (TTM)
Net margin (TTM)
SectorTechnology
Industry
CountryUS
Data as of2026-01-09
Moat score
67/ 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 Trimble Inc.'s moat claims, evidence, and risks.

View TRMB analysis

Comparison highlights

  • Moat score gap: Spirax Group plc leads (71 / 100 vs 67 / 100 for Trimble Inc.).
  • Segment focus: Spirax Group plc has 3 segments (52.1% in Steam Thermal Solutions); Trimble Inc. has 3 segments (41.7% in Field Systems).
  • Moat breadth: Spirax Group plc has 6 moat types across 2 domains; Trimble Inc. has 7 across 3.

Primary market context

Spirax Group plc

Steam Thermal Solutions

Market

Industrial and commercial steam systems (condensate management, controls, thermal energy management products and solutions)

Geography

Global

Customer

Industrial process operators and commercial facility operators

Role

OEM / solutions provider

Revenue share

52.1%

Trimble Inc.

Field Systems

Market

High-precision positioning & field solutions (geospatial, construction machine control, positioning/correction services)

Geography

Global

Customer

Surveyors, mapping professionals, civil construction contractors, governments, utilities

Role

Field hardware + software + subscription positioning services

Revenue share

41.7%

Side-by-side metrics

Spirax Group plc
Trimble Inc.
Ticker / Exchange
SPX - London Stock Exchange
TRMB - Nasdaq Global Select Market
Market cap (USD)
$5.2B
n/a
Gross margin (TTM)
19.6%
n/a
Operating margin (TTM)
17.2%
n/a
Net margin (TTM)
10.7%
n/a
Sector
Industrials
Technology
Industry
Industrial - Machinery
n/a
HQ country
GB
US
Primary segment
Steam Thermal Solutions
Field Systems
Market structure
Oligopoly
Oligopoly
Market share
n/a
n/a
HHI estimate
n/a
n/a
Pricing power
Moderate
Moderate
Moat score
71 / 100
67 / 100
Moat domains
Supply, Demand
Demand, Network, Supply
Last update
2025-12-28
2026-01-09

Moat coverage

Shared moat types

Installed Base ConsumablesDesign In Qualification

Spirax Group plc strengths

Service Field NetworkBrand TrustCapex Knowhow ScaleSuite Bundling

Trimble Inc. strengths

Data Workflow LockinEcosystem ComplementsDistribution ControlTwo Sided NetworkData Network Effects

Segment mix

Spirax Group plc segments

Full profile >

Steam Thermal Solutions

Oligopoly

52.1%

Electric Thermal Solutions

Competitive

24.3%

Watson-Marlow Fluid Technology Solutions

Oligopoly

23.6%

Trimble Inc. segments

Full profile >

Architects, Engineers, Construction and Owners

Competitive

36.9%

Field Systems

Oligopoly

41.7%

Transportation and Logistics

Competitive

21.4%

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.