VOL. XCIV, NO. 247
★ WIDE MOAT STOCKS COMPARISON ★
NO ADVICE
Tuesday, December 30, 2025
Stock Comparison
British American Tobacco p.l.c. vs Fortinet, Inc.
Compare moat strength, market structure, and segment coverage to understand how each company defends its edge.
British American Tobacco p.l.c.
BATS · London Stock Exchange
Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.
Full stock profile
Dive deeper into British American Tobacco p.l.c.'s moat claims, evidence, and risks.
View BATS analysisFortinet, Inc.
FTNT · NASDAQ
Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.
Full stock profile
Dive deeper into Fortinet, Inc.'s moat claims, evidence, and risks.
View FTNT analysisComparison highlights
- Moat score gap: Fortinet, Inc. leads (84 / 100 vs 71 / 100 for British American Tobacco p.l.c.).
- Segment focus: British American Tobacco p.l.c. has 6 segments (80% in Combustibles); Fortinet, Inc. has 2 segments (68% in Subscriptions & Support Services).
- Primary market structure: Oligopoly vs Quasi-Monopoly. Pricing power: Strong vs Strong.
- Moat breadth: British American Tobacco p.l.c. has 6 moat types across 3 domains; Fortinet, Inc. has 7 across 3.
Primary market context
British American Tobacco p.l.c.
Combustibles
Combustible tobacco (cigarettes and other combustible products)
Global
Adult nicotine consumers via retail/wholesale channels
Manufacturer / brand owner
80%
Fortinet, Inc.
Subscriptions & Support Services
Cybersecurity subscriptions and technical support for Fortinet installed base (FortiGuard + FortiCare)
Global
Installed-base enterprises and channel partners
Vendor (subscription/support services)
68%
Side-by-side metrics
Moat coverage
Shared moat types
British American Tobacco p.l.c. strengths
Fortinet, Inc. strengths
Segment mix
British American Tobacco p.l.c. segments
Full profile >Combustibles
Oligopoly
Vapour
Competitive
Heated Products
Oligopoly
Modern Oral
Oligopoly
Traditional Oral
Oligopoly
Other
Competitive
Fortinet, Inc. segments
Full profile >Secure Networking Products
Oligopoly
Subscriptions & Support Services
Quasi-Monopoly
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View the moat stocks listCuration & 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.