VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

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Friday, January 2, 2026

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Stock Comparison

JD.com, Inc. vs Pro Medicus Limited

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

Pro Medicus Limited

PME · ASX

Market cap (USD)$15.5B

Gross margin (TTM)—

Operating margin (TTM)—

Net margin (TTM)—

SectorHealthcare

Industry—

CountryAU

Data as of—

Moat score

80/ 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 Pro Medicus Limited's moat claims, evidence, and risks.

View PME analysis

Comparison highlights

Moat score gap: Pro Medicus Limited leads (80 / 100 vs 64 / 100 for JD.com, Inc.).
Segment focus: JD.com, Inc. has 3 segments (87.7% in JD Retail); Pro Medicus Limited has 2 segments (92.5% in Visage 7 Enterprise Imaging Platform (PACS / CloudPACS)).
Primary market structure: Oligopoly vs Oligopoly. Pricing power: Weak vs Strong.
Moat breadth: JD.com, Inc. has 7 moat types across 3 domains; Pro Medicus Limited has 6 across 2.

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%

Pro Medicus Limited

Visage 7 Enterprise Imaging Platform (PACS / CloudPACS)

Market

Enterprise imaging / PACS and related modules for hospitals and integrated delivery networks (IDNs)

Geography

Primarily North America; also Europe and Australia

Customer

Hospitals, imaging centers, integrated delivery networks (IDNs)

Role

Healthcare IT software vendor / platform provider

Revenue share

92.5%

Side-by-side metrics

JD.com, Inc.

Pro Medicus Limited

Ticker / Exchange

9618.HK - Hong Kong Stock Exchange

PME - ASX

Market cap (USD)

$334.2B

$15.5B

Gross margin (TTM)

9.5%

n/a

Operating margin (TTM)

1.3%

n/a

Net margin (TTM)

2.5%

n/a

Sector

Consumer

Healthcare

Industry

Specialty Retail

n/a

HQ country

Primary segment

JD Retail

Visage 7 Enterprise Imaging Platform (PACS / CloudPACS)

Market structure

Oligopoly

Market share

n/a

55% (implied)

HHI estimate

n/a

Pricing power

Weak

Strong

Moat score

64 / 100

80 / 100

Moat domains

Supply, Demand, Network

Demand, Supply

Last update

2025-12-28

2026-01-02

Moat coverage

Shared moat types

Operational Excellence

JD.com, Inc. strengths

Brand TrustTwo Sided NetworkPhysical Network DensityService Field NetworkScale Economies Unit CostEcosystem Complements

Pro Medicus Limited strengths

Data Workflow LockinKeystone ComponentSuite BundlingSwitching Costs GeneralLong Term Contracts

Segment mix

JD.com, Inc. segments

Full profile >

JD Retail

Oligopoly

87.7%

JD Logistics

Competitive

11%

New Businesses

Competitive

1.3%

Pro Medicus Limited segments

Full profile >

Visage 7 Enterprise Imaging Platform (PACS / CloudPACS)

Oligopoly

92.5%

Visage RIS (Radiology Information System) and Promedicus.net

Oligopoly

7.5%

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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.