VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

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Saturday, January 3, 2026

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Stock Comparison

United Parcel Service, Inc. vs Xero Limited

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

United Parcel Service, Inc.

UPS · New York Stock Exchange

Market cap (USD)$85.7B

Gross margin (TTM)18.1%

Operating margin (TTM)9.3%

Net margin (TTM)6.2%

SectorIndustrials

IndustryIntegrated Freight & Logistics

CountryUS

Data as of2025-12-22

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 United Parcel Service, Inc.'s moat claims, evidence, and risks.

View UPS analysis

Xero Limited

XRO · Australian Securities Exchange

Market cap (USD)—

Gross margin (TTM)—

Operating margin (TTM)—

Net margin (TTM)—

SectorTechnology

Industry—

CountryNZ

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 Xero Limited's moat claims, evidence, and risks.

View XRO analysis

Comparison highlights

Moat score gap: United Parcel Service, Inc. leads (72 / 100 vs 71 / 100 for Xero Limited).
Segment focus: United Parcel Service, Inc. has 3 segments (66.3% in U.S. Domestic Package); Xero Limited has 2 segments.
Moat breadth: United Parcel Service, Inc. has 8 moat types across 3 domains; Xero Limited has 7 across 3.

Primary market context

United Parcel Service, Inc.

U.S. Domestic Package

Market

U.S. small parcel and time-definite package delivery

Geography

United States

Customer

B2B and B2C shippers (including e-commerce)

Role

Integrated parcel carrier (pickup, sort, linehaul, last-mile)

Revenue share

66.3%

Xero Limited

Core Accounting Subscription Platform

Market

Cloud accounting software for small businesses and their advisors

Geography

Global

Customer

SMB; accountants & bookkeepers

Role

Software platform (SaaS)

Side-by-side metrics

United Parcel Service, Inc.

Xero Limited

Ticker / Exchange

UPS - New York Stock Exchange

XRO - Australian Securities Exchange

Market cap (USD)

$85.7B

n/a

Gross margin (TTM)

18.1%

n/a

Operating margin (TTM)

9.3%

n/a

Net margin (TTM)

6.2%

n/a

Sector

Industrials

Technology

Industry

Integrated Freight & Logistics

n/a

HQ country

Primary segment

U.S. Domestic Package

Core Accounting Subscription Platform

Market structure

Oligopoly

Market share

34.3% (reported)

n/a

HHI estimate

2,639

n/a

Pricing power

Moderate

Moat score

72 / 100

71 / 100

Moat domains

Supply, Financial, Demand

Demand, Network, Financial

Last update

2025-12-22

2026-01-02

Moat coverage

Shared moat types

Benchmark Pricing PowerData Workflow Lockin

United Parcel Service, Inc. strengths

Physical Network DensityScale Economies Unit CostBrand TrustService Field NetworkOperational ExcellenceScope Economies

Xero Limited strengths

Switching Costs GeneralTwo Sided NetworkInteroperability HubEcosystem ComplementsSuite Bundling

Segment mix

United Parcel Service, Inc. segments

Full profile >

U.S. Domestic Package

Oligopoly

66.3%

International Package

Oligopoly

19.7%

Supply Chain Solutions

Competitive

14%

Xero Limited segments

Full profile >

Core Accounting Subscription Platform

Oligopoly

n/a

Platform Services (Payments, Payroll, App Ecosystem)

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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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.