VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

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Stock Comparison

Chipotle Mexican Grill, Inc. vs The Hershey Company

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

Chipotle Mexican Grill, Inc.

CMG · New York Stock Exchange

Market cap (USD)$49.6B
Gross margin (TTM)24.6%
Operating margin (TTM)16.4%
Net margin (TTM)12.9%
SectorConsumer
IndustryRestaurants
CountryUS
Data as of2025-12-26
Moat score
62/ 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 Chipotle Mexican Grill, Inc.'s moat claims, evidence, and risks.

View CMG analysis

The Hershey Company

HSY · New York Stock Exchange

Market cap (USD)$45B
Gross margin (TTM)33.3%
Operating margin (TTM)12.1%
Net margin (TTM)7.6%
SectorConsumer
IndustryFood Confectioners
CountryUS
Data as of2025-12-26
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 The Hershey Company's moat claims, evidence, and risks.

View HSY analysis

Comparison highlights

  • Moat score gap: The Hershey Company leads (75 / 100 vs 62 / 100 for Chipotle Mexican Grill, Inc.).
  • Segment focus: Chipotle Mexican Grill, Inc. has 1 segment (100% in Restaurant operations (company-owned Chipotle restaurants)); The Hershey Company has 3 segments (81.4% in North America Confectionery).
  • Primary market structure: Competitive vs Oligopoly. Pricing power: Moderate vs Moderate.
  • Moat breadth: Chipotle Mexican Grill, Inc. has 4 moat types across 2 domains; The Hershey Company has 4 across 2.

Primary market context

Chipotle Mexican Grill, Inc.

Restaurant operations (company-owned Chipotle restaurants)

Market

Fast-casual restaurants (Mexican-inspired, made-to-order)

Geography

Primarily United States; limited international presence

Customer

Consumers

Role

Company-operated restaurant operator

Revenue share

100%

The Hershey Company

North America Confectionery

Market

Branded chocolate and non-chocolate confectionery

Geography

United States and Canada

Customer

Retail consumers via grocery, mass, club and convenience

Role

Branded manufacturer and marketer

Revenue share

81.4%

Side-by-side metrics

Chipotle Mexican Grill, Inc.
The Hershey Company
Ticker / Exchange
CMG - New York Stock Exchange
HSY - New York Stock Exchange
Market cap (USD)
$49.6B
$45B
Gross margin (TTM)
24.6%
33.3%
Operating margin (TTM)
16.4%
12.1%
Net margin (TTM)
12.9%
7.6%
Sector
Consumer
Consumer
Industry
Restaurants
Food Confectioners
HQ country
US
US
Primary segment
Restaurant operations (company-owned Chipotle restaurants)
North America Confectionery
Market structure
Competitive
Oligopoly
Market share
n/a
34%-38% (reported)
HHI estimate
n/a
n/a
Pricing power
Moderate
Moderate
Moat score
62 / 100
75 / 100
Moat domains
Demand, Supply
Demand, Supply
Last update
2025-12-26
2025-12-26

Moat coverage

Shared moat types

Brand TrustOperational Excellence

Chipotle Mexican Grill, Inc. strengths

Supply Chain ControlHabit Default

The Hershey Company strengths

Distribution ControlScope Economies

Segment mix

Chipotle Mexican Grill, Inc. segments

Full profile >

Restaurant operations (company-owned Chipotle restaurants)

Competitive

100%

The Hershey Company segments

Full profile >

North America Confectionery

Oligopoly

81.4%

North America Salty Snacks

Oligopoly

10.1%

International

Competitive

8.5%

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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.