VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

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Sunday, January 11, 2026

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Stock Comparison

Alcon Inc. vs LVMH Moet Hennessy Louis Vuitton SE

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

Alcon Inc.

ALC · New York Stock Exchange

Market cap (USD)$39.8B

Gross margin (TTM)—

Operating margin (TTM)—

Net margin (TTM)—

SectorHealthcare

Industry—

CountryCH

Data as of2026-01-10

Moat score

71/ 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 Alcon Inc.'s moat claims, evidence, and risks.

View ALC analysis

LVMH Moet Hennessy Louis Vuitton SE

MC · Euronext Paris

Market cap (USD)$323.7B

Gross margin (TTM)67.3%

Operating margin (TTM)23.2%

Net margin (TTM)14.8%

SectorConsumer

IndustryLuxury Goods

CountryFR

Data as of2025-12-30

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 LVMH Moet Hennessy Louis Vuitton SE's moat claims, evidence, and risks.

View MC analysis

Comparison highlights

Moat score gap: LVMH Moet Hennessy Louis Vuitton SE leads (80 / 100 vs 71 / 100 for Alcon Inc.).
Segment focus: Alcon Inc. has 2 segments (56% in Surgical); LVMH Moet Hennessy Louis Vuitton SE has 5 segments (48.5% in Fashion and Leather Goods).
Primary market structure: Oligopoly vs Oligopoly. Pricing power: Moderate vs Strong.
Moat breadth: Alcon Inc. has 7 moat types across 3 domains; LVMH Moet Hennessy Louis Vuitton SE has 9 across 4.

Primary market context

Alcon Inc.

Surgical

Market

Ophthalmic surgical devices (implantables, consumables, equipment) and related service/training

Geography

Global

Customer

Ophthalmic surgeons, hospitals, ambulatory surgery centers, group purchasing organizations

Role

Medical device OEM with direct service, clinical support, and training

Revenue share

56%

LVMH Moet Hennessy Louis Vuitton SE

Fashion and Leather Goods

Market

Luxury fashion and leather goods

Geography

Global

Customer

Consumers via directly operated retail; selective wholesale

Role

Brand owner / design house / manufacturer / retailer

Revenue share

48.5%

Side-by-side metrics

Alcon Inc.

LVMH Moet Hennessy Louis Vuitton SE

Ticker / Exchange

ALC - New York Stock Exchange

MC - Euronext Paris

Market cap (USD)

$39.8B

$323.7B

Gross margin (TTM)

n/a

67.3%

Operating margin (TTM)

n/a

23.2%

Net margin (TTM)

n/a

14.8%

Sector

Healthcare

Consumer

Industry

n/a

Luxury Goods

HQ country

Primary segment

Surgical

Fashion and Leather Goods

Market structure

Oligopoly

Market share

40%-46% (implied)

n/a

HHI estimate

n/a

Pricing power

Moderate

Strong

Moat score

71 / 100

80 / 100

Moat domains

Demand, Supply, Legal

Supply, Demand, Network, Legal

Last update

2026-01-10

2025-12-30

Moat coverage

Shared moat types

Service Field NetworkBrand TrustCapex Knowhow Scale

Alcon Inc. strengths

Installed Base ConsumablesSuite BundlingCompliance AdvantageProcurement Inertia

LVMH Moet Hennessy Louis Vuitton SE strengths

Distribution ControlGeographic NaturalKeystone ComponentTwo Sided NetworkPhysical Network DensityConcession License

Segment mix

Alcon Inc. segments

Full profile >

Surgical

Oligopoly

56%

Vision Care

Oligopoly

44%

LVMH Moet Hennessy Louis Vuitton SE segments

Full profile >

Fashion and Leather Goods

Oligopoly

48.5%

Wines and Spirits

Oligopoly

6.9%

Perfumes and Cosmetics

Oligopoly

9.9%

Watches and Jewelry

Oligopoly

12.5%

Selective Retailing

Oligopoly

21.6%

Want the full wide moat stocks list?

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

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Looking for expansion-stage stocks?

Proven models entering the expansion stage with unit economics that work.

View expansion-stage stocks

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.