VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

NO ADVICE

Stock Comparison

Teleperformance SE vs Watsco, Inc.

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

Teleperformance SE

TEP · Euronext Paris

Market cap (USD)$3.7B
Gross margin (TTM)21.7%
Operating margin (TTM)10.9%
Net margin (TTM)5%
SectorIndustrials
IndustrySpecialty Business Services
CountryFR
Data as of2026-04-25
Moat score
61/ 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 Teleperformance SE's moat claims, evidence, and risks.

View TEP analysis

Watsco, Inc.

WSO · New York Stock Exchange

Market cap (USD)$17.8B
Gross margin (TTM)28.4%
Operating margin (TTM)9.9%
Net margin (TTM)6.9%
SectorIndustrials
IndustryIndustrial - Distribution
CountryUS
Data as of2026-01-05
Moat score
72/ 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 Watsco, Inc.'s moat claims, evidence, and risks.

View WSO analysis

Comparison highlights

  • Moat score gap: Watsco, Inc. leads (72 / 100 vs 61 / 100 for Teleperformance SE).
  • Segment focus: Teleperformance SE has 2 segments (85.5% in Core Services); Watsco, Inc. has 1 segment (100% in HVAC/R Distribution).
  • Primary market structure: Competitive vs Competitive. Pricing power: Weak vs Moderate.
  • Moat breadth: Teleperformance SE has 7 moat types across 3 domains; Watsco, Inc. has 4 across 3.

Primary market context

Teleperformance SE

Core Services

Market

Global outsourced customer experience management and digital integrated business process services

Geography

Global, serving around 170 markets from nearly 100 countries

Customer

Multinationals, digital platforms, public-sector agencies and large enterprises outsourcing customer operations

Role

Omnichannel CX, trust and safety, sales, technical support, back-office, AI data services and process transformation operator

Revenue share

85.5%

Watsco, Inc.

HVAC/R Distribution

Market

HVAC/R equipment, parts and supplies distribution

Geography

North America (U.S., Canada, Mexico, Puerto Rico; export to Latin America/Caribbean)

Customer

Licensed HVAC and refrigeration contractors (residential & commercial)

Role

Wholesale distributor

Revenue share

100%

Side-by-side metrics

Teleperformance SE
Watsco, Inc.
Ticker / Exchange
TEP - Euronext Paris
WSO - New York Stock Exchange
Market cap (USD)
$3.7B
$17.8B
Gross margin (TTM)
21.7%
28.4%
Operating margin (TTM)
10.9%
9.9%
Net margin (TTM)
5%
6.9%
Sector
Industrials
Industrials
Industry
Specialty Business Services
Industrial - Distribution
HQ country
FR
US
Primary segment
Core Services
HVAC/R Distribution
Market structure
Competitive
Competitive
Market share
10% (reported)
9%-12% (implied)
HHI estimate
n/a
n/a
Pricing power
Weak
Moderate
Moat score
61 / 100
72 / 100
Moat domains
Supply, Demand, Legal
Supply, Legal, Demand
Last update
2026-04-25
2026-01-05

Moat coverage

Shared moat types

Scale Economies Unit Cost

Teleperformance SE strengths

Procurement InertiaScope EconomiesOperational ExcellenceBrand TrustLong Term ContractsCompliance Advantage

Watsco, Inc. strengths

Physical Network DensityContractual ExclusivityData Workflow Lockin

Segment mix

Teleperformance SE segments

Full profile >

Core Services

Competitive

85.5%

Specialized Services

Oligopoly

14.5%

Watsco, Inc. segments

Full profile >

HVAC/R Distribution

Competitive

100%

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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.