VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

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Stock Comparison

EssilorLuxottica vs Heineken N.V.

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

EssilorLuxottica

EL · Euronext Paris

Market cap (USD)$110.3B
Gross margin (TTM)61.5%
Operating margin (TTM)12.4%
Net margin (TTM)8.5%
SectorHealthcare
IndustryMedical - Instruments & Supplies
CountryFR
Data as of2026-01-11
Moat score
69/ 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 EssilorLuxottica's moat claims, evidence, and risks.

View EL analysis

Heineken N.V.

HEIA · Euronext Amsterdam

Market cap (USD)$43.4B
Gross margin (TTM)22.3%
Operating margin (TTM)11.9%
Net margin (TTM)4.8%
SectorConsumer
IndustryBeverages - Alcoholic
CountryNL
Data as of2025-12-28
Moat score
65/ 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 Heineken N.V.'s moat claims, evidence, and risks.

View HEIA analysis

Comparison highlights

  • Moat score gap: EssilorLuxottica leads (69 / 100 vs 65 / 100 for Heineken N.V.).
  • Segment focus: EssilorLuxottica has 2 segments (52.7% in Direct to Consumer); Heineken N.V. has 4 segments (38.7% in Europe).
  • Primary market structure: Competitive vs Oligopoly. Pricing power: Moderate vs Moderate.
  • Moat breadth: EssilorLuxottica has 5 moat types across 3 domains; Heineken N.V. has 5 across 2.

Primary market context

EssilorLuxottica

Direct to Consumer

Market

Optical retail and e-commerce (prescription eyewear and sunglasses)

Geography

Global

Customer

Consumers (end-users)

Role

Omnichannel retailer + vertically integrated manufacturer/brand owner

Revenue share

52.7%

Heineken N.V.

Europe

Market

Beer, cider and beyond-beer alcoholic beverages

Geography

Europe

Customer

Consumers via on-trade (bars/restaurants) and off-trade (retail/wholesale)

Role

Brewer / brand owner / route-to-market operator

Revenue share

38.7%

Side-by-side metrics

EssilorLuxottica
Heineken N.V.
Ticker / Exchange
EL - Euronext Paris
HEIA - Euronext Amsterdam
Market cap (USD)
$110.3B
$43.4B
Gross margin (TTM)
61.5%
22.3%
Operating margin (TTM)
12.4%
11.9%
Net margin (TTM)
8.5%
4.8%
Sector
Healthcare
Consumer
Industry
Medical - Instruments & Supplies
Beverages - Alcoholic
HQ country
FR
NL
Primary segment
Direct to Consumer
Europe
Market structure
Competitive
Oligopoly
Market share
n/a
n/a
HHI estimate
n/a
n/a
Pricing power
Moderate
Moderate
Moat score
69 / 100
65 / 100
Moat domains
Legal, Supply, Demand
Demand, Supply
Last update
2026-01-11
2025-12-28

Moat coverage

Shared moat types

Distribution ControlScale Economies Unit CostBrand Trust

EssilorLuxottica strengths

IP Choke PointContractual Exclusivity

Heineken N.V. strengths

Data Workflow LockinOperational Excellence

Segment mix

EssilorLuxottica segments

Full profile >

Professional Solutions

Oligopoly

47.3%

Direct to Consumer

Competitive

52.7%

Heineken N.V. segments

Full profile >

Europe

Oligopoly

38.7%

Americas

Oligopoly

34%

Africa & Middle East

Oligopoly

13.5%

Asia Pacific

Oligopoly

13.8%

Want the full wide moat stocks list?

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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.