★ WIDE MOAT STOCKS COMPARISON ★

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Stock Comparison

Luzhou Laojiao Co., Ltd. vs Cboe Global Markets, Inc.

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)$16.9B
Gross margin (TTM)86.4%
Operating margin (TTM)54.6%
Net margin (TTM)40.8%
SectorConsumer
IndustryBeverages - Wineries & Distilleries
CountryCN
Data as of2026-07-12
Moat score
100/ 100

Partial score covering 90% of segment weight.

Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.

Full stock profile

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

View 000568.SZ analysis

Cboe Global Markets, Inc.

CBOE · Cboe BZX

Market cap (USD)$28.8B
Gross margin (TTM)52.2%
Operating margin (TTM)34.3%
Net margin (TTM)25.8%
SectorFinancials
IndustryFinancial - Data & Stock Exchanges
CountryUS
Data as of2026-07-11
Moat score
91/ 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 Cboe Global Markets, Inc.'s moat claims, evidence, and risks.

View CBOE analysis

Comparison highlights

  • Segment focus: Luzhou Laojiao Co., Ltd. has 2 segments (89.3% in Mid- and high-end baijiu); Cboe Global Markets, Inc. has 5 segments (64.2% in Options).
  • Primary market structure: Oligopoly vs Oligopoly. Pricing power: Strong vs Moderate.
  • Moat breadth: Luzhou Laojiao Co., Ltd. has 3 moat types across 3 domains; Cboe Global Markets, Inc. has 7 across 3.

Primary market context

Luzhou Laojiao Co., Ltd.

Mid- and high-end baijiu

Market

Premium baijiu (strong-aroma) in China

Geography

China (primarily); limited exports

Customer

Consumers (personal consumption) and gifting/banquet channels via distributors/retail

Role

Distiller / brand owner

Revenue share

89.3%

Cboe Global Markets, Inc.

Options

Market

U.S. listed options exchanges (multi-listed + proprietary index options)

Geography

United States

Customer

Broker-dealers, market makers, institutional investors, retail order-flow intermediaries

Role

Exchange operator (SRO) + derivatives listing venue + market data provider

Revenue share

64.2%

Side-by-side metrics

Luzhou Laojiao Co., Ltd.
Cboe Global Markets, Inc.
Ticker / Exchange
000568.SZ - Shenzhen Stock Exchange
CBOE - Cboe BZX
Market cap (USD)
$16.9B
$28.8B
Gross margin (TTM)
86.4%
52.2%
Operating margin (TTM)
54.6%
34.3%
Net margin (TTM)
40.8%
25.8%
Sector
Consumer
Financials
Industry
Beverages - Wineries & Distilleries
Financial - Data & Stock Exchanges
HQ country
CN
US
Primary segment
Mid- and high-end baijiu
Options
Market structure
Oligopoly
Oligopoly
Market share
n/a
29.1% (reported)
HHI estimate
n/a
n/a
Pricing power
Strong
Moderate
Moat score
100 / 100 (partial, 90% coverage)
91 / 100
Moat domains
Demand, Supply, Financial
Legal, Network, Supply
Last update
2026-07-12
2026-07-11

Moat coverage

Shared moat types

No overlap yet.

Luzhou Laojiao Co., Ltd. strengths

Brand TrustLearning Curve YieldFloat Prepayment

Cboe Global Markets, Inc. strengths

Contractual ExclusivityTwo Sided NetworkOperational ExcellenceRegulated Standards PipeClearing SettlementIP Choke PointDe Facto Standard

Segment mix

Luzhou Laojiao Co., Ltd. segments

Full profile >

Mid- and high-end baijiu

Oligopoly

89.3%

Other baijiu (mainstream/value)

Competitive

10.3%

Cboe Global Markets, Inc. segments

Full profile >

Options

Oligopoly

64.2%

North American Equities

Competitive

15.3%

Europe and Asia Pacific

Oligopoly

11.6%

Futures

Quasi-Monopoly

4.9%

Global FX

Competitive

4%

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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.