VOL. XCIV, NO. 247
★ WIDE MOAT STOCKS COMPARISON ★
NO ADVICE
Sunday, January 11, 2026
Stock Comparison
Elevance Health, Inc. vs Spotify Technology S.A.
Compare moat strength, market structure, and segment coverage to understand how each company defends its edge.
Elevance Health, Inc.
ELV · 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 Elevance Health, Inc.'s moat claims, evidence, and risks.
View ELV analysisSpotify Technology S.A.
SPOT · 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 Spotify Technology S.A.'s moat claims, evidence, and risks.
View SPOT analysisComparison highlights
- Moat score gap: Elevance Health, Inc. leads (74 / 100 vs 65 / 100 for Spotify Technology S.A.).
- Segment focus: Elevance Health, Inc. has 3 segments (85.2% in Health Benefits); Spotify Technology S.A. has 2 segments (88.2% in Premium (subscription)).
- Moat breadth: Elevance Health, Inc. has 8 moat types across 3 domains; Spotify Technology S.A. has 6 across 4.
Primary market context
Elevance Health, Inc.
Health Benefits
U.S. health insurance and managed care
United States
Employers, individuals, and government programs
Payer / managed care organization
85.2%
Spotify Technology S.A.
Premium (subscription)
Paid music and audio streaming subscriptions
Global
Consumers (end-users) and distribution partners (e.g., telcos)
Streaming platform operator
88.2%
Side-by-side metrics
Moat coverage
Shared moat types
Elevance Health, Inc. strengths
Spotify Technology S.A. strengths
Segment mix
Elevance Health, Inc. segments
Full profile >Health Benefits
Oligopoly
CarelonRx
Oligopoly
Carelon Services
Competitive
Spotify Technology S.A. segments
Full profile >Premium (subscription)
Oligopoly
Ad-Supported (advertising)
Competitive
Want the full wide moat stocks list?
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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.