VOL. XCIV, NO. 247

* MOAT STOCKS COMPARISON *

NO ADVICE

Friday, December 26, 2025

Stock Comparison

Evolution AB (publ) vs West Pharmaceutical Services, Inc.

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 >

West Pharmaceutical Services, Inc.

WST · New York Stock Exchange

Market cap (USD)
SectorHealthcare
CountryUS
Data as of2025-12-22
Moat score
85/ 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)
West Pharmaceutical Services, Inc.
Ticker / Exchange
EVO - Nasdaq Stockholm
WST - New York Stock Exchange
Market cap (USD)
$13.5B
n/a
Sector
Consumer
Healthcare
HQ country
SE
US
Primary segment
Live Casino
Proprietary Products
Market structure
Oligopoly
Quasi-Monopoly
Market share
50%-60% (reported)
70%-75% (reported)
HHI estimate
5,050
n/a
Pricing power
Strong
Moderate
Moat score
94 / 100
85 / 100
Moat domains
Supply, Legal, Demand
Demand, Legal, Supply
Last update
2025-12-26
2025-12-22

Moat coverage

Shared moat types

Capex Knowhow ScaleCompliance Advantage

Evolution AB (publ) strengths

Suite BundlingIP Choke Point

West Pharmaceutical Services, Inc. strengths

Design In QualificationBrand TrustOperational Excellence

Segment mix

Evolution AB (publ) segments

Full profile >

Live Casino

Oligopoly

86.1%

RNG / Slots & Digital Casino Games

Competitive

13.9%

West Pharmaceutical Services, Inc. segments

Full profile >

Proprietary Products

Quasi-Monopoly

80.7%

Contract-Manufactured Products

Competitive

19.3%

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 Pricing, features, and availability may be incomplete or out of date.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