VOL. XCIV, NO. 247
★ WIDE MOAT STOCKS COMPARISON ★
NO ADVICE
Sunday, January 11, 2026
Stock Comparison
Bentley Systems, Incorporated vs Evolution AB
Compare moat strength, market structure, and segment coverage to understand how each company defends its edge.
Bentley Systems, Incorporated
BSY · 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 Bentley Systems, Incorporated's moat claims, evidence, and risks.
View BSY analysisEvolution AB
EVO · Nasdaq Stockholm
Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.
Full stock profile
Dive deeper into Evolution AB's moat claims, evidence, and risks.
View EVO analysisComparison highlights
- Moat score gap: Evolution AB leads (94 / 100 vs 64 / 100 for Bentley Systems, Incorporated).
- Segment focus: Bentley Systems, Incorporated has 4 segments; Evolution AB has 2 segments (86.1% in Live Casino).
- Primary market structure: Oligopoly vs Oligopoly. Pricing power: Moderate vs Strong.
- Moat breadth: Bentley Systems, Incorporated has 7 moat types across 2 domains; Evolution AB has 4 across 3.
Primary market context
Bentley Systems, Incorporated
Engineering Applications (Bentley Open)
Infrastructure engineering design and simulation software (CAD/BIM for civil, rail, water, plants, and facilities)
Global
Engineering and construction firms; public and private infrastructure owner-operators
Engineering authoring + analysis software vendor
Evolution AB
Live Casino
B2B supply of online live casino games (live dealer & game shows)
Regulated jurisdictions (global; UK data point for concentration)
Online gambling operators (B2C)
B2B content & platform supplier
86.1%
Side-by-side metrics
Moat coverage
Shared moat types
Bentley Systems, Incorporated strengths
Evolution AB strengths
Segment mix
Bentley Systems, Incorporated segments
Full profile >Engineering Applications (Bentley Open)
Oligopoly
Geoprofessional Applications (Seequent)
Oligopoly
Bentley Infrastructure Cloud (ProjectWise, SYNCHRO, AssetWise)
Oligopoly
Digital Twin Platform & Asset Analytics (Cesium, iTwin, Asset Analytics)
Competitive
Evolution AB segments
Full profile >Live Casino
Oligopoly
RNG / Slots & Digital Casino Games
Competitive
Want the full wide moat stocks list?
Browse the full ranking of wide moat stocks, updated with moat scores and segment context.
View the moat stocks listLooking for expansion-stage stocks?
Proven models entering the expansion stage with unit economics that work.
View expansion-stage stocksCuration & 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.