VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

NO ADVICE

Thursday, January 8, 2026

Stock Comparison

Thales S.A. vs Live Nation Entertainment, Inc.

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

Thales S.A.

HO · Euronext Paris

Market cap (USD)$51.4B
Gross margin (TTM)26.1%
Operating margin (TTM)9%
Net margin (TTM)5.1%
SectorIndustrials
IndustryAerospace & Defense
CountryFR
Data as of2025-12-28
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 Thales S.A.'s moat claims, evidence, and risks.

View HO analysis

Live Nation Entertainment, Inc.

LYV · New York Stock Exchange

Market cap (USD)$33.7B
Gross margin (TTM)46.2%
Operating margin (TTM)4.7%
Net margin (TTM)3.7%
SectorCommunication Services
IndustryEntertainment
CountryUS
Data as of2026-01-04
Moat score
84/ 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 Live Nation Entertainment, Inc.'s moat claims, evidence, and risks.

View LYV analysis

Comparison highlights

  • Moat score gap: Live Nation Entertainment, Inc. leads (84 / 100 vs 73 / 100 for Thales S.A.).
  • Segment focus: Thales S.A. has 3 segments (53.3% in Defence); Live Nation Entertainment, Inc. has 3 segments (82.2% in Concerts).
  • Moat breadth: Thales S.A. has 8 moat types across 3 domains; Live Nation Entertainment, Inc. has 6 across 3.

Primary market context

Thales S.A.

Defence

Market

Defense electronics, secure communications, and mission systems

Geography

Global

Customer

Government / defence ministries, armed forces, security forces

Role

Prime contractor and system integrator; OEM of defence electronics

Revenue share

53.3%

Live Nation Entertainment, Inc.

Concerts

Market

Live music concert promotion, festival production, and music venue operations

Geography

Global

Customer

Artists/agents (supply) and fans (end-users); venues and festivals; corporate partners

Role

Promoter + venue operator

Revenue share

82.2%

Side-by-side metrics

Thales S.A.
Live Nation Entertainment, Inc.
Ticker / Exchange
HO - Euronext Paris
LYV - New York Stock Exchange
Market cap (USD)
$51.4B
$33.7B
Gross margin (TTM)
26.1%
46.2%
Operating margin (TTM)
9%
4.7%
Net margin (TTM)
5.1%
3.7%
Sector
Industrials
Communication Services
Industry
Aerospace & Defense
Entertainment
HQ country
FR
US
Primary segment
Defence
Concerts
Market structure
Oligopoly
Oligopoly
Market share
n/a
55%-65% (reported)
HHI estimate
n/a
3,600
Pricing power
Moderate
Moderate
Moat score
73 / 100
84 / 100
Moat domains
Legal, Demand, Supply
Supply, Demand, Network
Last update
2025-12-28
2026-01-04

Moat coverage

Shared moat types

Long Term ContractsService Field Network

Thales S.A. strengths

Government Contracting RelationshipsDesign In QualificationRegulated Standards PipeBrand TrustSuite BundlingCapex Knowhow Scale

Live Nation Entertainment, Inc. strengths

Physical Network DensityTwo Sided NetworkData Workflow LockinScope Economies

Segment mix

Thales S.A. segments

Full profile >

Defence

Oligopoly

53.3%

Aerospace

Oligopoly

26.6%

Cyber & Digital

Competitive

19.6%

Live Nation Entertainment, Inc. segments

Full profile >

Concerts

Oligopoly

82.2%

Ticketing

Quasi-Monopoly

12.9%

Sponsorship & Advertising

Competitive

5.2%

Want the full wide moat stocks list?

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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.