VOL. XCIV, NO. 247
★ WIDE MOAT STOCKS COMPARISON ★
NO ADVICE
Saturday, January 3, 2026
Stock Comparison
Berkshire Hathaway Inc. vs Novartis AG
Compare moat strength, market structure, and segment coverage to understand how each company defends its edge.
Berkshire Hathaway Inc.
BRK.B · New York 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 Berkshire Hathaway Inc.'s moat claims, evidence, and risks.
View BRK.B analysisNovartis AG
NOVN · SIX Swiss 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 Novartis AG's moat claims, evidence, and risks.
View NOVN analysisComparison highlights
- Moat score gap: Novartis AG leads (65 / 100 vs 64 / 100 for Berkshire Hathaway Inc.).
- Segment focus: Berkshire Hathaway Inc. has 11 segments (28.3% in Insurance (underwriting + investment income)); Novartis AG has 5 segments (29.3% in Oncology).
- Primary market structure: Competitive vs Oligopoly. Pricing power: n/a vs Strong.
- Moat breadth: Berkshire Hathaway Inc. has 17 moat types across 4 domains; Novartis AG has 4 across 3.
Primary market context
Berkshire Hathaway Inc.
Insurance (underwriting + investment income)
Insurance and reinsurance (property and casualty + life/health), including float-funded investing
Global
Consumers and businesses (policyholders) and insurers (reinsurance cedents)
Underwriter and reinsurer plus investment manager of float
28.3%
Novartis AG
Oncology
Oncology and hematology branded medicines (including targeted therapies and radioligand therapy)
Global
Oncologists and hospitals; reimbursed by payers; hospital and specialty pharmacy channels
Originator developer, manufacturer, and marketer of oncology therapies
29.3%
Side-by-side metrics
Moat coverage
Shared moat types
Berkshire Hathaway Inc. strengths
Novartis AG strengths
Segment mix
Berkshire Hathaway Inc. segments
Full profile >Insurance (underwriting + investment income)
Competitive
BNSF Railway (freight rail transportation)
Oligopoly
Berkshire Hathaway Energy (regulated utilities, pipelines, renewables)
Monopoly
Industrial products manufacturing (PCC, Lubrizol, IMC, Marmon, etc.)
Oligopoly
Building products & housing (Clayton Homes, Shaw, Johns Manville, Benjamin Moore, etc.)
Competitive
Consumer products manufacturing (Duracell, Forest River, apparel/footwear, toys, etc.)
Competitive
Service businesses (FlightSafety, NetJets, TTI, Dairy Queen, etc.)
Competitive
Retailing businesses (Berkshire Hathaway Automotive, home furnishings, jewelry, See's, etc.)
Competitive
Pilot Travel Centers (travel centers + wholesale fuel marketing)
Oligopoly
McLane (wholesale distribution to convenience stores and restaurants)
Oligopoly
Holding company capital allocation and investing
Competitive
Novartis AG segments
Full profile >Cardiovascular, Renal and Metabolic
Oligopoly
Immunology
Oligopoly
Neuroscience
Oligopoly
Oncology
Oligopoly
Established Brands
Competitive
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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.