VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

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Monday, January 5, 2026

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Stock Comparison

Euronext N.V. vs LVMH Moet Hennessy Louis Vuitton SE

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

Euronext N.V.

ENX · Euronext Paris

Market cap (USD)—

Gross margin (TTM)—

Operating margin (TTM)—

Net margin (TTM)—

SectorFinancials

Industry—

CountryNL

Data as of2026-01-03

Moat score

74/ 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 Euronext N.V.'s moat claims, evidence, and risks.

View ENX analysis

LVMH Moet Hennessy Louis Vuitton SE

MC · Euronext Paris

Market cap (USD)$317.7B

Gross margin (TTM)67.3%

Operating margin (TTM)23.2%

Net margin (TTM)14.8%

SectorConsumer

IndustryLuxury Goods

CountryFR

Data as of2025-12-30

Moat score

80/ 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 LVMH Moet Hennessy Louis Vuitton SE's moat claims, evidence, and risks.

View MC analysis

Comparison highlights

Moat score gap: LVMH Moet Hennessy Louis Vuitton SE leads (80 / 100 vs 74 / 100 for Euronext N.V.).
Segment focus: Euronext N.V. has 7 segments (34.4% in Trading); LVMH Moet Hennessy Louis Vuitton SE has 5 segments (48.5% in Fashion and Leather Goods).
Primary market structure: Oligopoly vs Oligopoly. Pricing power: Moderate vs Strong.
Moat breadth: Euronext N.V. has 7 moat types across 4 domains; LVMH Moet Hennessy Louis Vuitton SE has 9 across 4.

Primary market context

Euronext N.V.

Trading

Market

Multi-asset exchange trading venues (cash equities, derivatives, fixed income, FX, power)

Geography

Europe (with global participants)

Customer

Broker-dealers, banks, proprietary trading firms, asset managers, and other market participants

Role

Trading venue operator

Revenue share

34.4%

LVMH Moet Hennessy Louis Vuitton SE

Fashion and Leather Goods

Market

Luxury fashion and leather goods

Geography

Global

Customer

Consumers via directly operated retail; selective wholesale

Role

Brand owner / design house / manufacturer / retailer

Revenue share

48.5%

Side-by-side metrics

Euronext N.V.

LVMH Moet Hennessy Louis Vuitton SE

Ticker / Exchange

ENX - Euronext Paris

MC - Euronext Paris

Market cap (USD)

n/a

$317.7B

Gross margin (TTM)

n/a

67.3%

Operating margin (TTM)

n/a

23.2%

Net margin (TTM)

n/a

14.8%

Sector

Financials

Consumer

Industry

n/a

Luxury Goods

HQ country

Primary segment

Trading

Fashion and Leather Goods

Market structure

Oligopoly

Market share

64.8% (reported)

n/a

HHI estimate

n/a

Pricing power

Moderate

Strong

Moat score

74 / 100

80 / 100

Moat domains

Legal, Network, Supply, Demand

Supply, Demand, Network, Legal

Last update

2026-01-03

2025-12-30

Moat coverage

Shared moat types

Concession LicenseTwo Sided Network

Euronext N.V. strengths

Operational ExcellenceIP Choke PointFormat Lock InClearing SettlementData Workflow Lockin

LVMH Moet Hennessy Louis Vuitton SE strengths

Distribution ControlCapex Knowhow ScaleBrand TrustGeographic NaturalKeystone ComponentService Field NetworkPhysical Network Density

Segment mix

Euronext N.V. segments

Full profile >

Listing

Oligopoly

14.3%

Trading

Oligopoly

34.4%

Advanced Data Services

Quasi-Monopoly

14.9%

Clearing

Oligopoly

12.4%

Custody & Settlement

Quasi-Monopoly

16.6%

Technology Solutions & Other

Competitive

6.5%

Investor Services

Competitive

0.9%

LVMH Moet Hennessy Louis Vuitton SE segments

Full profile >

Fashion and Leather Goods

Oligopoly

48.5%

Wines and Spirits

Oligopoly

6.9%

Perfumes and Cosmetics

Oligopoly

9.9%

Watches and Jewelry

Oligopoly

12.5%

Selective Retailing

Oligopoly

21.6%

Want the full wide moat stocks list?

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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.