VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

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Stock Comparison

Booking Holdings Inc. vs Hormel Foods Corporation

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

Booking Holdings Inc.

BKNG · NASDAQ Global Select Market

Market cap (USD)$5.5B
Gross margin (TTM)100%
Operating margin (TTM)34.5%
Net margin (TTM)20.1%
SectorConsumer
IndustryTravel Services
CountryUS
Data as of2025-12-25
Moat score
77/ 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 Booking Holdings Inc.'s moat claims, evidence, and risks.

View BKNG analysis

Hormel Foods Corporation

HRL · New York Stock Exchange

Market cap (USD)$12.1B
Gross margin (TTM)15.5%
Operating margin (TTM)6%
Net margin (TTM)4%
SectorConsumer
IndustryPackaged Foods
CountryUS
Data as of2026-01-11
Moat score
58/ 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 Hormel Foods Corporation's moat claims, evidence, and risks.

View HRL analysis

Comparison highlights

  • Moat score gap: Booking Holdings Inc. leads (77 / 100 vs 58 / 100 for Hormel Foods Corporation).
  • Segment focus: Booking Holdings Inc. has 2 segments (95.5% in OTC online travel reservations (Booking.com, Priceline, Agoda)); Hormel Foods Corporation has 3 segments (61.6% in Retail).
  • Primary market structure: Oligopoly vs Competitive. Pricing power: Moderate vs Moderate.
  • Moat breadth: Booking Holdings Inc. has 5 moat types across 4 domains; Hormel Foods Corporation has 4 across 2.

Primary market context

Booking Holdings Inc.

OTC online travel reservations (Booking.com, Priceline, Agoda)

Market

Online travel agency (OTA) reservation platforms

Geography

Global

Customer

Two-sided: travelers (B2C) and travel service providers (B2B)

Role

Intermediary / marketplace

Revenue share

95.5%

Hormel Foods Corporation

Retail

Market

U.S. branded packaged foods sold through retail channels (grocery, mass, club, natural, drug, dollar/discount, e-commerce)

Geography

United States

Customer

Retailers and e-commerce platforms (sell-through to consumers)

Role

Branded manufacturer / marketer

Revenue share

61.6%

Side-by-side metrics

Booking Holdings Inc.
Hormel Foods Corporation
Ticker / Exchange
BKNG - NASDAQ Global Select Market
HRL - New York Stock Exchange
Market cap (USD)
$5.5B
$12.1B
Gross margin (TTM)
100%
15.5%
Operating margin (TTM)
34.5%
6%
Net margin (TTM)
20.1%
4%
Sector
Consumer
Consumer
Industry
Travel Services
Packaged Foods
HQ country
US
US
Primary segment
OTC online travel reservations (Booking.com, Priceline, Agoda)
Retail
Market structure
Oligopoly
Competitive
Market share
23%-31% (implied)
n/a
HHI estimate
n/a
n/a
Pricing power
Moderate
Moderate
Moat score
77 / 100
58 / 100
Moat domains
Network, Demand, Supply, Financial
Demand, Supply
Last update
2025-12-25
2026-01-11

Moat coverage

Shared moat types

Brand TrustScope Economies

Booking Holdings Inc. strengths

Two Sided NetworkHabit DefaultFloat Prepayment

Hormel Foods Corporation strengths

Distribution ControlService Field Network

Segment mix

Booking Holdings Inc. segments

Full profile >

OTC online travel reservations (Booking.com, Priceline, Agoda)

Oligopoly

95.5%

Metasearch & restaurant reservations (KAYAK, OpenTable)

Competitive

4.5%

Hormel Foods Corporation segments

Full profile >

Retail

Competitive

61.6%

Foodservice

Competitive

32.6%

International

Competitive

5.9%

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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.