VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

NO ADVICE

Thursday, January 8, 2026

Stock Comparison

Games Workshop Group PLC vs Honeywell International Inc.

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)$6.2B
Gross margin (TTM)71.9%
Operating margin (TTM)41%
Net margin (TTM)30.4%
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

Honeywell International Inc.

HON · The Nasdaq Stock Market LLC

Market cap (USD)$127.7B
Gross margin (TTM)37.1%
Operating margin (TTM)19.3%
Net margin (TTM)15.1%
SectorIndustrials
IndustryConglomerates
CountryUS
Data as of2026-01-02
Moat score
58/ 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 Honeywell International Inc.'s moat claims, evidence, and risks.

View HON analysis

Comparison highlights

  • Moat score gap: Games Workshop Group PLC leads (87 / 100 vs 58 / 100 for Honeywell International Inc.).
  • Segment focus: Games Workshop Group PLC has 2 segments (91.5% in Core (Warhammer miniatures & hobby products)); Honeywell International Inc. has 4 segments (40.2% in Aerospace Technologies).
  • Moat breadth: Games Workshop Group PLC has 8 moat types across 4 domains; Honeywell International Inc. has 9 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%

Honeywell International Inc.

Aerospace Technologies

Market

Aerospace systems, avionics, propulsion & aftermarket MRO services

Geography

Global

Customer

Aircraft OEMs, airlines/operators, defense & space contractors

Role

Tier-1 supplier + aftermarket service provider

Revenue share

40.2%

Side-by-side metrics

Games Workshop Group PLC
Honeywell International Inc.
Ticker / Exchange
GAW - London Stock Exchange
HON - The Nasdaq Stock Market LLC
Market cap (USD)
$6.2B
$127.7B
Gross margin (TTM)
71.9%
37.1%
Operating margin (TTM)
41%
19.3%
Net margin (TTM)
30.4%
15.1%
Sector
Consumer
Industrials
Industry
Leisure
Conglomerates
HQ country
GB
US
Primary segment
Core (Warhammer miniatures & hobby products)
Aerospace Technologies
Market structure
Oligopoly
Oligopoly
Market share
n/a
n/a
HHI estimate
n/a
n/a
Pricing power
Strong
Strong
Moat score
87 / 100
58 / 100
Moat domains
Legal, Demand, Network, Supply
Demand, Legal
Last update
2026-01-05
2026-01-02

Moat coverage

Shared moat types

IP Choke PointBrand TrustInstalled Base ConsumablesLong Term Contracts

Games Workshop Group PLC strengths

Ecosystem ComplementsService Field NetworkSupply Chain ControlContent Rights Currency

Honeywell International Inc. strengths

Regulated Standards PipeData Workflow LockinSuite BundlingSwitching Costs GeneralDesign In Qualification

Segment mix

Games Workshop Group PLC segments

Full profile >

Core (Warhammer miniatures & hobby products)

Oligopoly

91.5%

Licensing (Warhammer IP)

Monopoly

8.5%

Honeywell International Inc. segments

Full profile >

Aerospace Technologies

Oligopoly

40.2%

Industrial Automation

Competitive

26.1%

Building Automation

Oligopoly

17%

Energy and Sustainability Solutions

Oligopoly

16.7%

Want the full wide moat stocks list?

Browse the full ranking of wide moat stocks, updated with moat scores and segment context.

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Proven models entering the expansion stage with unit economics that work.

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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.