WIDE MOAT STOCKS COMPARISON

Checking

Stock Comparison

Luzhou Laojiao Co., Ltd. vs Bristol-Myers Squibb Company

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

Luzhou Laojiao Co., Ltd.

000568.SZ · Shenzhen Stock Exchange

Market cap (USD)$17.5B
Gross margin (TTM)85.4%
Operating margin (TTM)48.5%
Net margin (TTM)38%
SectorConsumer
IndustryBeverages - Wineries & Distilleries
CountryCN
Data as of2026-08-23
73/100
Moat score

Weighted across the company's segments.

Full stock profile

Dive deeper into Luzhou Laojiao Co., Ltd.'s moat claims, evidence, and risks.

View 000568.SZ analysis

Bristol-Myers Squibb Company

BMY · New York Stock Exchange

Market cap (USD)$136.5B
Gross margin (TTM)70.2%
Operating margin (TTM)28.3%
Net margin (TTM)18.9%
SectorHealthcare
IndustryDrug Manufacturers - General
CountryUS
Data as of2026-08-23
64/100
Moat score

Weighted across the company's segments.

Full stock profile

Dive deeper into Bristol-Myers Squibb Company's moat claims, evidence, and risks.

View BMY analysis

Comparison highlights

  • Moat score gap: Luzhou Laojiao Co., Ltd. leads (73 / 100 vs 64 / 100 for Bristol-Myers Squibb Company).
  • Segment focus: Luzhou Laojiao Co., Ltd. has 3 segments (87.9% in Mid- and high-end baijiu); Bristol-Myers Squibb Company has 5 segments (34.5% in Eliquis franchise (apixaban)).
  • Moat breadth: Luzhou Laojiao Co., Ltd. has 2 moat types across 2 domains; Bristol-Myers Squibb Company has 2 across 2.

Primary market context

Luzhou Laojiao Co., Ltd.

Mid- and high-end baijiu

Market

Mid- and high-priced baijiu in China, centered on strong-aroma products priced at least CNY150 per bottle

Geography

China (primarily); limited exports

Customer

Consumers buying for personal consumption, gifting, and banquets through distributors, retail, and e-commerce

Role

Distiller, owner of National Cellar 1573 and Luzhou Laojiao brands, and supplier to authorized distributors

Revenue share

87.9%

Bristol-Myers Squibb Company

Eliquis franchise (apixaban)

Market

Direct oral anticoagulants (DOACs) for stroke prevention in NVAF and treatment/prevention of DVT/PE

Geography

Global

Customer

Payers, PBMs, hospitals, clinics, pharmacies

Role

Branded drug manufacturer (co-commercialization alliance)

Revenue share

34.5%

Side-by-side metrics

Luzhou Laojiao Co., Ltd.
Bristol-Myers Squibb Company
Ticker / Exchange
000568.SZ - Shenzhen Stock Exchange
BMY - New York Stock Exchange
Market cap (USD)
$17.5B
$136.5B
Gross margin (TTM)
85.4%
70.2%
Operating margin (TTM)
48.5%
28.3%
Net margin (TTM)
38%
18.9%
Sector
Consumer
Healthcare
Industry
Beverages - Wineries & Distilleries
Drug Manufacturers - General
HQ country
CN
US
Primary segment
Mid- and high-end baijiu
Eliquis franchise (apixaban)
Market structure
Oligopoly
Oligopoly
Market share
n/a
n/a
HHI estimate
n/a
n/a
Pricing power
Moderate
Moderate
Moat score
73 / 100
64 / 100
Moat domains
Demand, Supply
Legal, Supply
Last update
2026-09-05
2026-09-05

Moat coverage

Shared moat types

No overlap yet.

Luzhou Laojiao Co., Ltd. strengths

Brand TrustPreferential Input Access

Bristol-Myers Squibb Company strengths

IP Choke PointCapex Knowhow Scale

Segment mix

Luzhou Laojiao Co., Ltd. segments

Full profile >

Mid- and high-end baijiu

Oligopoly

87.9%

Other baijiu (mainstream/value)

Competitive

11.6%

Other revenues

Competitive

0.6%

Bristol-Myers Squibb Company segments

Full profile >

Eliquis franchise (apixaban)

Oligopoly

34.5%

Immuno-oncology checkpoint inhibitors (Opdivo/Yervoy/Opdualag)

Oligopoly

29.8%

Hematology (Revlimid/Pomalyst/Reblozyl)

Competitive

10.5%

Immunology (Orencia/Sotyktu)

Competitive

8.6%

Other specialty & emerging products (CAR-T, cardiomyopathy, neuroscience, and mature brands)

Competitive

16.5%

Act on this comparison

Turn a two-stock debate into a systemSee the systematic rankings that surface stocks like 000568.SZ and BMY, with backtests and current holdings.

Want the full wide moat stocks list?

Browse the full ranking of wide moat stocks, updated with moat scores and segment context.

View the moat stocks list

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.