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Narrow Moat Stocks

Companies with real but less durable competitive advantages — expected to hold off competition for roughly 10 to 20 years.

A narrow economic moat means a company has genuine competitive advantages — pricing power, sticky customers, scale economics — but ones that are either less extreme or less certain to endure than a wide moat. In practice, a narrow moat rating signals advantages expected to protect returns on capital for roughly ten to twenty years. Many excellent businesses live in this category: strong franchises facing credible long-term threats, or emerging leaders whose advantages are real but not yet proven across a full competitive cycle.

Narrow moat stocks are often where interesting investment debates happen. Because the durability question is genuinely open, the market frequently misjudges these companies in both directions — pricing some as if their advantages were permanent and others as if they had none. Each company below carries an AI-scored five-pillar breakdown (network effects, switching costs, intangible assets, cost advantages, efficient scale) so you can see exactly which advantages drive the rating and which pillars are weak.

Use the Moat Score column to compare structural strength across the list, then open any analysis for the full picture: moat trend (whether the moat is widening or eroding), management quality, AI disruption exposure, financial health, and an AI-estimated fair value versus the current price.

#CompanyMoat ScoreMoat RatingFinancial ScoreFair Value
1KSPIJoint Stock Company Kaspi.kz78Narrow Moat69$639.00
2BNYThe Bank of New York Mellon Corporation75Narrow Moat73$127.57
3VRSKVerisk Analytics Inc74Narrow Moat67$217.97
4DEDeere & Company73Narrow Moat67$830.21
5JPMJPMorgan Chase & Co.73Narrow Moat74$371.34
6ADBEAdobe Inc.72Narrow Moat72$352.21
7HDThe Home Depot, Inc.72Narrow Moat67$426.58
8RMDResMed Inc.72Narrow Moat80$330.88
9ARMArm Holdings plc71Narrow Moat71$43.46
10JKHYJack Henry & Associates, Inc.71Narrow Moat75$234.20
11MSIMotorola Solutions, Inc.71Narrow Moat72$627.78
12SAPSAP SE71Narrow Moat75$101.30
13TYLTyler Technologies Inc.71Narrow Moat75$354.62
14VRTXVertex Pharmaceuticals Incorporated71Narrow Moat76$566.95
15AJGArthur J. Gallagher & Co.70Narrow Moat66$487.45
16AXONAxon Enterprise, Inc.70Narrow Moat58
17BLKBlackRock, Inc.70Narrow Moat71$971.01
18CSGPCoStar Group Inc70Narrow Moat53$32.62
19EFXEquifax Inc.70Narrow Moat67$279.75
20IBKRInteractive Brokers Group, Inc.70Narrow Moat74$90.34
21INTUIntuit Inc.70Narrow Moat79$365.49
22NOWServiceNow, Inc.70Narrow Moat78$59.88
23SONYSony Group Corporation70Narrow Moat70$25.40
24WMBThe Williams Companies, Inc.70Narrow Moat63$79.21
25ADPAutomatic Data Processing, Inc.69Narrow Moat75$259.42
26DHRDanaher Corporation69Narrow Moat67$172.85
27LRCXLam Research Corporation69Narrow Moat76$153.29
28LYVLive Nation Entertainment, Inc.69Narrow Moat59$334.63
29NDAQNasdaq Inc.69Narrow Moat72$117.98
30NOCNorthrop Grumman Corporation69Narrow Moat67$956.25
31TMOThermo Fisher Scientific Inc.69Narrow Moat69$511.40
32TTWOTake-Two Interactive Software, Inc.69Narrow Moat53$89.48
33AZNAstraZeneca PLC68Narrow Moat75$58.47
34BKThe Bank of New York Mellon Corporation68Narrow Moat
35CCEPCoca-Cola Europacific Partners PLC68Narrow Moat69$117.46
36CSXCSX Corporation68Narrow Moat61$51.10
37DLRDigital Realty Trust, Inc.68Narrow Moat61$83.62
38EQIXEquinix, Inc.68Narrow Moat
39ODFLOld Dominion Freight Line, Inc.68Narrow Moat73$123.72
40PAYXPaychex Inc.68Narrow Moat66$112.01
41PLDPrologis, Inc.68Narrow Moat68$130.67
42BKNGBooking Holdings Inc.67Narrow Moat72$220.52
43CBOECboe Global Markets, Inc.67Narrow Moat75$386.14
44DISThe Walt Disney Company67Narrow Moat74$132.73
45ETNEaton Corporation plc67Narrow Moat75$594.09
46PGRThe Progressive Corporation67Narrow Moat
47TRIThomson Reuters Corporation67Narrow Moat73$114.71
48ADIAnalog Devices, Inc.66Narrow Moat70$172.40
49ARESAres Management Corporation66Narrow Moat66$74.50
50AWKAmerican Water Works Company, Inc.66Narrow Moat
51CATCaterpillar Inc.66Narrow Moat71$1,088.80
52DSGXThe Descartes Systems Group Inc.66Narrow Moat80$56.60
53EAElectronic Arts Inc.66Narrow Moat67$131.52
54ECLEcolab Inc.66Narrow Moat
55KKRKKR & Co. Inc.66Narrow Moat63$115.39
56MMCMarsh & McLennan Companies, Inc.66Narrow Moat72$238.93
57MRSHMarsh & McLennan Companies, Inc.66Narrow Moat74$232.25
58TOSTToast, Inc.66Narrow Moat77$35.51
59WFCWells Fargo & Company66Narrow Moat68$63.78
60ZSZscaler, Inc.66Narrow Moat64$272.39
61AREAlexandria Real Estate Equities, Inc.65Narrow Moat
62AXPAmerican Express Company65Narrow Moat
63BDXBecton, Dickinson and Company65Narrow Moat
64CBChubb Limited65Narrow Moat
65CCICrown Castle Inc.65Narrow Moat
66DXCMDexCom Inc65Narrow Moat78$125.28
67NEENextEra Energy, Inc.65Narrow Moat66$131.27
68ORCLOracle Corporation65Narrow Moat65$182.58
69PODDInsulet Corporation65Narrow Moat
70POOLPool Corporation65Narrow Moat
71ROKRockwell Automation, Inc.65Narrow Moat66$515.97
72TDYTeledyne Technologies Incorporated65Narrow Moat75$938.99
73UNHUnitedHealth Group Incorporated65Narrow Moat66$401.30
74WMTWalmart Inc.65Narrow Moat76$144.20
75ALNYAlnylam Pharmaceuticals Inc64Narrow Moat
76AMEAmetek, Inc.64Narrow Moat76$293.66
77DPZDomino's Pizza Inc64Narrow Moat
78DUKDuke Energy Corporation64Narrow Moat
79EWEdwards Lifesciences Corporation64Narrow Moat69$98.71
80GSThe Goldman Sachs Group, Inc.64Narrow Moat65$831.61
81MARMarriott International, Inc.64Narrow Moat
82MSMorgan Stanley64Narrow Moat71$154.08
83PANWPalo Alto Networks, Inc.64Narrow Moat70$108.97
84ROPRoper Technologies, Inc.64Narrow Moat73$456.64
85SCHWCharles Schwab Corporation64Narrow Moat72$57.45
86SHWSherwin-Williams Company64Narrow Moat
87SOSouthern Company64Narrow Moat
88UBERUber Technologies, Inc.64Narrow Moat75$128.31
89WATWaters Corporation64Narrow Moat69$353.96
90YUMCYum China Holdings, Inc.64Narrow Moat
91ABBVAbbVie Inc.63Narrow Moat50$223.32
92CRWDCrowdStrike Holdings Inc.63Narrow Moat70$270.49
93CSCOCisco Systems, Inc.63Narrow Moat68$115.10
94FASTFastenal Company63Narrow Moat
95FTNTFortinet Inc.63Narrow Moat75$97.56
96HONHoneywell International Inc.63Narrow Moat63$309.00
97PCGPG&E Corporation63Narrow Moat57$28.66
98TTTrane Technologies plc63Narrow Moat78$548.07
99TXNTexas Instruments Incorporated63Narrow Moat
100UPSUnited Parcel Service, Inc.63Narrow Moat58$121.20

100 companies · List refreshed July 22, 2026 · Scores and fair values are AI-generated from each company's latest MoatScan analysis.

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Disclaimer: This list is generated by AI from archived analyses and is provided for informational purposes only. It does not constitute financial advice, investment recommendations, or an offer to buy or sell any security. Always conduct your own due diligence before making investment decisions.