VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

NO ADVICE

Stock Comparison

Booking Holdings Inc. vs Pernod Ricard SA

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)$131.4B
Gross margin (TTM)99.3%
Operating margin (TTM)32.9%
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

Pernod Ricard SA

RI · Euronext Paris

Market cap (USD)$21.9B
Gross margin (TTM)59%
Operating margin (TTM)9.7%
Net margin (TTM)11.8%
SectorConsumer
IndustryBeverages - Wineries & Distilleries
CountryFR
Data as of2025-12-29
Moat score
75/ 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 Pernod Ricard SA's moat claims, evidence, and risks.

View RI analysis

Comparison highlights

  • Moat score gap: Booking Holdings Inc. leads (77 / 100 vs 75 / 100 for Pernod Ricard SA).
  • Segment focus: Booking Holdings Inc. has 2 segments (95.5% in OTC online travel reservations (Booking.com, Priceline, Agoda)); Pernod Ricard SA has 3 segments (42.3% in Asia/Rest of the World).
  • Moat breadth: Booking Holdings Inc. has 5 moat types across 4 domains; Pernod Ricard SA 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%

Pernod Ricard SA

Asia/Rest of the World

Market

Premium spirits brand ownership, marketing, and distribution

Geography

Asia-Pacific, Africa, and other emerging markets

Customer

On-trade, off-trade, distributors, and duty-free operators

Role

Brand owner and local-market route-to-market operator

Revenue share

42.3%

Side-by-side metrics

Booking Holdings Inc.
Pernod Ricard SA
Ticker / Exchange
BKNG - NASDAQ Global Select Market
RI - Euronext Paris
Market cap (USD)
$131.4B
$21.9B
Gross margin (TTM)
99.3%
59%
Operating margin (TTM)
32.9%
9.7%
Net margin (TTM)
20.1%
11.8%
Sector
Consumer
Consumer
Industry
Travel Services
Beverages - Wineries & Distilleries
HQ country
US
FR
Primary segment
OTC online travel reservations (Booking.com, Priceline, Agoda)
Asia/Rest of the World
Market structure
Oligopoly
Oligopoly
Market share
23%-31% (implied)
n/a
HHI estimate
n/a
n/a
Pricing power
Moderate
Moderate
Moat score
77 / 100
75 / 100
Moat domains
Network, Demand, Supply, Financial
Demand, Supply
Last update
2025-12-25
2025-12-29

Moat coverage

Shared moat types

Brand TrustScope Economies

Booking Holdings Inc. strengths

Two Sided NetworkHabit DefaultFloat Prepayment

Pernod Ricard SA strengths

Capacity MoatDistribution Control

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%

Pernod Ricard SA segments

Full profile >

Europe

Oligopoly

28.9%

Americas

Oligopoly

28.8%

Asia/Rest of the World

Oligopoly

42.3%

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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.