VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

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Sunday, January 11, 2026

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Stock Comparison

British American Tobacco p.l.c. vs Straumann Holding AG

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

Market cap (USD)$88.2B

Gross margin (TTM)73.3%

Operating margin (TTM)-24.7%

Net margin (TTM)-20.8%

SectorConsumer

IndustryTobacco

CountryGB

Data as of2025-12-30

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 British American Tobacco p.l.c.'s moat claims, evidence, and risks.

View BATS analysis

Straumann Holding AG

STMN · SIX Swiss Exchange

Market cap (USD)—

Gross margin (TTM)—

Operating margin (TTM)—

Net margin (TTM)—

SectorHealthcare

Industry—

CountryCH

Data as of2026-01-10

Moat score

68/ 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 Straumann Holding AG's moat claims, evidence, and risks.

View STMN analysis

Comparison highlights

Moat score gap: British American Tobacco p.l.c. leads (71 / 100 vs 68 / 100 for Straumann Holding AG).
Segment focus: British American Tobacco p.l.c. has 6 segments (80% in Combustibles); Straumann Holding AG has 3 segments.
Primary market structure: Oligopoly vs Oligopoly. Pricing power: Strong vs Moderate.
Moat breadth: British American Tobacco p.l.c. has 6 moat types across 3 domains; Straumann Holding AG has 7 across 3.

Primary market context

British American Tobacco p.l.c.

Combustibles

Market

Combustible tobacco (cigarettes and other combustible products)

Geography

Global

Customer

Adult nicotine consumers via retail/wholesale channels

Role

Manufacturer / brand owner

Revenue share

80%

Straumann Holding AG

Implantology (Tooth Replacement & Restoration)

Market

Dental implantology (tooth replacement and restoration solutions)

Geography

Global

Customer

Dental professionals (implantologists, oral surgeons, general dentists) and dental labs; DSOs

Role

Medical device OEM + branded implant system provider

Side-by-side metrics

British American Tobacco p.l.c.

Straumann Holding AG

Ticker / Exchange

BATS - London Stock Exchange

STMN - SIX Swiss Exchange

Market cap (USD)

$88.2B

n/a

Gross margin (TTM)

73.3%

n/a

Operating margin (TTM)

-24.7%

n/a

Net margin (TTM)

-20.8%

n/a

Sector

Consumer

Healthcare

Industry

Tobacco

n/a

HQ country

Primary segment

Combustibles

Implantology (Tooth Replacement & Restoration)

Market structure

Oligopoly

Market share

n/a

34%-36% (reported)

HHI estimate

n/a

Pricing power

Strong

Moderate

Moat score

71 / 100

68 / 100

Moat domains

Demand, Supply, Legal

Demand, Supply, Network

Last update

2025-12-30

2026-01-10

Moat coverage

Shared moat types

Brand Trust

British American Tobacco p.l.c. strengths

Distribution ControlCompliance AdvantageInstalled Base ConsumablesOperational ExcellenceCapability adjacency

Straumann Holding AG strengths

Training Org Change CostsService Field NetworkData Workflow LockinScale Economies Unit CostInteroperability HubEcosystem Complements

Segment mix

British American Tobacco p.l.c. segments

Full profile >

Combustibles

Oligopoly

80%

Vapour

Competitive

6.7%

Heated Products

Oligopoly

3.6%

Modern Oral

Oligopoly

3.1%

Traditional Oral

Oligopoly

4.2%

Other

Competitive

2.5%

Straumann Holding AG segments

Full profile >

Implantology (Tooth Replacement & Restoration)

Oligopoly

n/a

Orthodontics (Clear Aligner Solutions)

Oligopoly

n/a

Digital Dentistry & Prosthetics Workflow

Competitive

n/a

Want the full wide moat stocks list?

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Looking for expansion-stage stocks?

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

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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.