VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

NO ADVICE

Stock Comparison

Games Workshop Group PLC vs Greggs plc

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

Games Workshop Group PLC

GAW · London Stock Exchange

Market cap (USD)$5.7B
Gross margin (TTM)71.8%
Operating margin (TTM)41.9%
Net margin (TTM)31.1%
SectorConsumer
IndustryLeisure
CountryGB
Data as of2026-01-05
Moat score
87/ 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 Games Workshop Group PLC's moat claims, evidence, and risks.

View GAW analysis

Greggs plc

GRG · London Stock Exchange

Market cap (USD)$1.6B
Gross margin (TTM)61.4%
Operating margin (TTM)9.6%
Net margin (TTM)7%
SectorConsumer
IndustryGrocery Stores
CountryGB
Data as of2026-01-31
Moat score
64/ 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 Greggs plc's moat claims, evidence, and risks.

View GRG analysis

Comparison highlights

  • Moat score gap: Games Workshop Group PLC leads (87 / 100 vs 64 / 100 for Greggs plc).
  • Segment focus: Games Workshop Group PLC has 2 segments (91.5% in Core (Warhammer miniatures & hobby products)); Greggs plc has 2 segments (88.4% in Retail company-managed shops).
  • Primary market structure: Oligopoly vs Competitive. Pricing power: Strong vs Moderate.
  • Moat breadth: Games Workshop Group PLC has 8 moat types across 4 domains; Greggs plc has 5 across 2.

Primary market context

Games Workshop Group PLC

Core (Warhammer miniatures & hobby products)

Market

Tabletop miniature wargaming and related hobby products

Geography

Global

Customer

Hobbyists/collectors (B2C) plus independent retailers (B2B)

Role

IP owner + designer/manufacturer + distributor + direct-to-consumer retail

Revenue share

91.5%

Greggs plc

Retail company-managed shops

Market

UK food-to-go retail (bakery/QSR) sold through company-operated shops and delivery

Geography

United Kingdom

Customer

Consumers (end customers)

Role

Retailer and vertically integrated manufacturer-distributor

Revenue share

88.4%

Side-by-side metrics

Games Workshop Group PLC
Greggs plc
Ticker / Exchange
GAW - London Stock Exchange
GRG - London Stock Exchange
Market cap (USD)
$5.7B
$1.6B
Gross margin (TTM)
71.8%
61.4%
Operating margin (TTM)
41.9%
9.6%
Net margin (TTM)
31.1%
7%
Sector
Consumer
Consumer
Industry
Leisure
Grocery Stores
HQ country
GB
GB
Primary segment
Core (Warhammer miniatures & hobby products)
Retail company-managed shops
Market structure
Oligopoly
Competitive
Market share
n/a
n/a
HHI estimate
n/a
n/a
Pricing power
Strong
Moderate
Moat score
87 / 100
64 / 100
Moat domains
Legal, Demand, Network, Supply
Supply, Demand
Last update
2026-01-05
2026-01-31

Moat coverage

Shared moat types

Brand TrustSupply Chain ControlLong Term Contracts

Games Workshop Group PLC strengths

IP Choke PointEcosystem ComplementsService Field NetworkInstalled Base ConsumablesContent Rights Currency

Greggs plc strengths

Physical Network DensityHabit Default

Segment mix

Games Workshop Group PLC segments

Full profile >

Core (Warhammer miniatures & hobby products)

Oligopoly

91.5%

Licensing (Warhammer IP)

Monopoly

8.5%

Greggs plc segments

Full profile >

Retail company-managed shops

Competitive

88.4%

Business-to-business (franchise & wholesale)

Competitive

11.6%

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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.