VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

NO ADVICE

Stock Comparison

Greggs plc vs Heineken N.V.

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

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

Heineken N.V.

HEIA · Euronext Amsterdam

Market cap (USD)$43.4B
Gross margin (TTM)22.3%
Operating margin (TTM)11.9%
Net margin (TTM)4.8%
SectorConsumer
IndustryBeverages - Alcoholic
CountryNL
Data as of2025-12-28
Moat score
65/ 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 Heineken N.V.'s moat claims, evidence, and risks.

View HEIA analysis

Comparison highlights

  • Moat score gap: Heineken N.V. leads (65 / 100 vs 64 / 100 for Greggs plc).
  • Segment focus: Greggs plc has 2 segments (88.4% in Retail company-managed shops); Heineken N.V. has 4 segments (38.7% in Europe).
  • Primary market structure: Competitive vs Oligopoly. Pricing power: Moderate vs Moderate.
  • Moat breadth: Greggs plc has 5 moat types across 2 domains; Heineken N.V. has 5 across 2.

Primary market context

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%

Heineken N.V.

Europe

Market

Beer, cider and beyond-beer alcoholic beverages

Geography

Europe

Customer

Consumers via on-trade (bars/restaurants) and off-trade (retail/wholesale)

Role

Brewer / brand owner / route-to-market operator

Revenue share

38.7%

Side-by-side metrics

Greggs plc
Heineken N.V.
Ticker / Exchange
GRG - London Stock Exchange
HEIA - Euronext Amsterdam
Market cap (USD)
$1.6B
$43.4B
Gross margin (TTM)
61.4%
22.3%
Operating margin (TTM)
9.6%
11.9%
Net margin (TTM)
7%
4.8%
Sector
Consumer
Consumer
Industry
Grocery Stores
Beverages - Alcoholic
HQ country
GB
NL
Primary segment
Retail company-managed shops
Europe
Market structure
Competitive
Oligopoly
Market share
n/a
n/a
HHI estimate
n/a
n/a
Pricing power
Moderate
Moderate
Moat score
64 / 100
65 / 100
Moat domains
Supply, Demand
Demand, Supply
Last update
2026-01-31
2025-12-28

Moat coverage

Shared moat types

Brand Trust

Greggs plc strengths

Physical Network DensitySupply Chain ControlHabit DefaultLong Term Contracts

Heineken N.V. strengths

Distribution ControlScale Economies Unit CostData Workflow LockinOperational Excellence

Segment mix

Greggs plc segments

Full profile >

Retail company-managed shops

Competitive

88.4%

Business-to-business (franchise & wholesale)

Competitive

11.6%

Heineken N.V. segments

Full profile >

Europe

Oligopoly

38.7%

Americas

Oligopoly

34%

Africa & Middle East

Oligopoly

13.5%

Asia Pacific

Oligopoly

13.8%

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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.