VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

NO ADVICE

Friday, January 2, 2026

Wide Moat Stocks Home My Collections

Stock Comparison

JD.com, Inc. vs Crown Castle Inc.

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

JD.com, Inc.

9618.HK · Hong Kong Stock Exchange

Market cap (USD)$334.2B

Gross margin (TTM)9.5%

Operating margin (TTM)1.3%

Net margin (TTM)2.5%

SectorConsumer

IndustrySpecialty Retail

CountryKY

Data as of2025-12-28

Moat score

64/ 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 JD.com, Inc.'s moat claims, evidence, and risks.

View 9618.HK analysis

Crown Castle Inc.

CCI · New York Stock Exchange

Market cap (USD)$38.7B

Gross margin (TTM)—

Operating margin (TTM)—

Net margin (TTM)—

SectorReal Estate

Industry—

CountryUS

Data as of2026-01-02

Moat score

84/ 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 Crown Castle Inc.'s moat claims, evidence, and risks.

View CCI analysis

Comparison highlights

Moat score gap: Crown Castle Inc. leads (84 / 100 vs 64 / 100 for JD.com, Inc.).
Segment focus: JD.com, Inc. has 3 segments (87.7% in JD Retail); Crown Castle Inc. has 2 segments (67% in Towers).
Primary market structure: Oligopoly vs Oligopoly. Pricing power: Weak vs Strong.
Moat breadth: JD.com, Inc. has 7 moat types across 3 domains; Crown Castle Inc. has 3 across 3.

Primary market context

JD.com, Inc.

JD Retail

Market

China e-commerce retail and marketplace (B2C) plus merchant marketing services

Geography

China

Customer

Consumers (end-users) and merchants/brands (sellers/advertisers)

Role

Retailer + marketplace operator

Revenue share

87.7%

Crown Castle Inc.

Towers

Market

U.S. macrocell tower leasing (wireless site rental)

Geography

United States

Customer

Mobile network operators

Role

Infrastructure owner/lessor

Revenue share

67%

Side-by-side metrics

JD.com, Inc.

Crown Castle Inc.

Ticker / Exchange

9618.HK - Hong Kong Stock Exchange

CCI - New York Stock Exchange

Market cap (USD)

$334.2B

$38.7B

Gross margin (TTM)

9.5%

n/a

Operating margin (TTM)

1.3%

n/a

Net margin (TTM)

2.5%

n/a

Sector

Consumer

Real Estate

Industry

Specialty Retail

n/a

HQ country

Primary segment

JD Retail

Towers

Market structure

Oligopoly

Market share

n/a

16%-26% (implied)

HHI estimate

n/a

Pricing power

Weak

Strong

Moat score

64 / 100

84 / 100

Moat domains

Supply, Demand, Network

Supply, Legal, Demand

Last update

2025-12-28

2026-01-02

Moat coverage

Shared moat types

Physical Network Density

JD.com, Inc. strengths

Operational ExcellenceBrand TrustTwo Sided NetworkService Field NetworkScale Economies Unit CostEcosystem Complements

Crown Castle Inc. strengths

Permits Rights Of WayLong Term Contracts

Segment mix

JD.com, Inc. segments

Full profile >

JD Retail

Oligopoly

87.7%

JD Logistics

Competitive

11%

New Businesses

Competitive

1.3%

Crown Castle Inc. segments

Full profile >

Towers

Oligopoly

67%

Fiber (small cells + fiber solutions)

Competitive

33%

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.