VOL. XCIV, NO. 247

* MOAT STOCKS COMPARISON *

NO ADVICE

Friday, December 26, 2025

Stock Comparison

Evolution AB (publ) vs The Hershey Company

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

Evolution AB (publ)

EVO · Nasdaq Stockholm

Market cap (USD)$13.5B
SectorConsumer
CountrySE
Data as of2025-12-26
Moat score
94/ 100

Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.

View full moat analysis >

The Hershey Company

HSY · New York Stock Exchange

Market cap (USD)
SectorConsumer
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.

View full moat analysis >

Side-by-side metrics

Evolution AB (publ)
The Hershey Company
Ticker / Exchange
EVO - Nasdaq Stockholm
HSY - New York Stock Exchange
Market cap (USD)
$13.5B
n/a
Sector
Consumer
Consumer
HQ country
SE
US
Primary segment
Live Casino
North America Confectionery
Market structure
Oligopoly
Oligopoly
Market share
50%-60% (reported)
34%-38% (reported)
HHI estimate
5,050
n/a
Pricing power
Strong
Moderate
Moat score
94 / 100
75 / 100
Moat domains
Supply, Legal, Demand
Demand, Supply
Last update
2025-12-26
2025-12-26

Moat coverage

Shared moat types

No overlap yet.

Evolution AB (publ) strengths

Capex Knowhow ScaleCompliance AdvantageSuite BundlingIP Choke Point

The Hershey Company strengths

Brand TrustDistribution ControlOperational ExcellenceScope Economies

Segment mix

Evolution AB (publ) segments

Full profile >

Live Casino

Oligopoly

86.1%

RNG / Slots & Digital Casino Games

Competitive

13.9%

The Hershey Company segments

Full profile >

North America Confectionery

Oligopoly

81.4%

North America Salty Snacks

Oligopoly

10.1%

International

Competitive

8.5%

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 Pricing, features, and availability may be incomplete or out of date.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.