VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

NO ADVICE

Wednesday, January 7, 2026

Stock Comparison

Games Workshop Group PLC vs Zoetis 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

Zoetis Inc.

ZTS · New York Stock Exchange

Market cap (USD)$57B
Gross margin (TTM)70.6%
Operating margin (TTM)37.6%
Net margin (TTM)28.2%
SectorHealthcare
IndustryDrug Manufacturers - Specialty & Generic
CountryUS
Data as of2025-12-26
Moat score
73/ 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 Zoetis Inc.'s moat claims, evidence, and risks.

View ZTS analysis

Comparison highlights

  • Moat score gap: Games Workshop Group PLC leads (87 / 100 vs 73 / 100 for Zoetis Inc.).
  • Segment focus: Games Workshop Group PLC has 2 segments (91.5% in Core (Warhammer miniatures & hobby products)); Zoetis Inc. has 3 segments (67.8% in Companion Animal Products).
  • Moat breadth: Games Workshop Group PLC has 8 moat types across 4 domains; Zoetis Inc. has 9 across 3.

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%

Zoetis Inc.

Companion Animal Products

Market

Companion animal veterinary medicines, vaccines and diagnostics

Geography

Global

Customer

Veterinarians, veterinary clinics, pet owners (via prescription/retail)

Role

Manufacturer and marketer

Revenue share

67.8%

Side-by-side metrics

Games Workshop Group PLC
Zoetis Inc.
Ticker / Exchange
GAW - London Stock Exchange
ZTS - New York Stock Exchange
Market cap (USD)
$6.2B
$57B
Gross margin (TTM)
71.9%
70.6%
Operating margin (TTM)
41%
37.6%
Net margin (TTM)
30.4%
28.2%
Sector
Consumer
Healthcare
Industry
Leisure
Drug Manufacturers - Specialty & Generic
HQ country
GB
US
Primary segment
Core (Warhammer miniatures & hobby products)
Companion Animal Products
Market structure
Oligopoly
Oligopoly
Market share
n/a
n/a
HHI estimate
n/a
n/a
Pricing power
Strong
Strong
Moat score
87 / 100
73 / 100
Moat domains
Legal, Demand, Network, Supply
Demand, Supply, Legal
Last update
2026-01-05
2025-12-26

Moat coverage

Shared moat types

IP Choke PointBrand TrustService Field NetworkInstalled Base Consumables

Games Workshop Group PLC strengths

Ecosystem ComplementsSupply Chain ControlContent Rights CurrencyLong Term Contracts

Zoetis Inc. strengths

Regulated Standards PipeCapacity MoatDistribution ControlCompliance AdvantageOperational Excellence

Segment mix

Games Workshop Group PLC segments

Full profile >

Core (Warhammer miniatures & hobby products)

Oligopoly

91.5%

Licensing (Warhammer IP)

Monopoly

8.5%

Zoetis Inc. segments

Full profile >

Companion Animal Products

Oligopoly

67.8%

Livestock Products

Oligopoly

31.3%

Client Supply Services & Human Health

Competitive

0.9%

Want the full wide moat stocks list?

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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.