VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

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Thursday, January 8, 2026

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Stock Comparison

Judges Scientific plc vs Lotus Bakeries NV

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

Judges Scientific plc

JDG · London Stock Exchange - AIM

Market cap (USD)—

Gross margin (TTM)—

Operating margin (TTM)—

Net margin (TTM)—

SectorTechnology

Industry—

CountryGB

Data as of2026-01-06

Moat score

63/ 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 Judges Scientific plc's moat claims, evidence, and risks.

View JDG analysis

Lotus Bakeries NV

LOTB · Euronext Brussels

Market cap (USD)$6.9B

Gross margin (TTM)28.7%

Operating margin (TTM)16.5%

Net margin (TTM)12.3%

SectorConsumer

IndustryPackaged Foods

CountryBE

Data as of2026-01-06

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 Lotus Bakeries NV's moat claims, evidence, and risks.

View LOTB analysis

Comparison highlights

Moat score gap: Lotus Bakeries NV leads (64 / 100 vs 63 / 100 for Judges Scientific plc).
Segment focus: Judges Scientific plc has 2 segments (51.7% in Vacuum); Lotus Bakeries NV has 3 segments (56% in Lotus Biscoff).
Primary market structure: Competitive vs Oligopoly. Pricing power: Moderate vs Strong.
Moat breadth: Judges Scientific plc has 3 moat types across 1 domains; Lotus Bakeries NV has 5 across 2.

Primary market context

Judges Scientific plc

Vacuum

Market

Vacuum and surface-science related instrumentation (e.g., UHV/vacuum components and systems, thin-film/surface engineering adjacent tools)

Geography

Global

Customer

Research labs and high-tech manufacturing

Role

Equipment manufacturer

Revenue share

51.7%

Lotus Bakeries NV

Lotus Biscoff

Market

Branded caramelised biscuits (speculoos) and Biscoff spread

Geography

Global

Customer

Consumers via retail and away-from-home channels

Role

Brand owner and manufacturer

Revenue share

56%

Side-by-side metrics

Judges Scientific plc

Lotus Bakeries NV

Ticker / Exchange

JDG - London Stock Exchange - AIM

LOTB - Euronext Brussels

Market cap (USD)

n/a

$6.9B

Gross margin (TTM)

n/a

28.7%

Operating margin (TTM)

n/a

16.5%

Net margin (TTM)

n/a

12.3%

Sector

Technology

Consumer

Industry

n/a

Packaged Foods

HQ country

Primary segment

Vacuum

Lotus Biscoff

Market structure

Competitive

Oligopoly

Market share

n/a

HHI estimate

n/a

Pricing power

Moderate

Strong

Moat score

63 / 100

64 / 100

Moat domains

Demand

Demand, Supply

Last update

2026-01-06

Moat coverage

Shared moat types

Brand Trust

Judges Scientific plc strengths

Switching Costs GeneralBuy-and-build acquisition engine

Lotus Bakeries NV strengths

Habit DefaultCapacity MoatCapex Knowhow ScaleDistribution Control

Segment mix

Judges Scientific plc segments

Full profile >

Materials Sciences

Competitive

48.4%

Vacuum

Competitive

51.7%

Lotus Bakeries NV segments

Full profile >

Lotus Biscoff

Oligopoly

56%

Lotus Natural Foods

Competitive

24%

Lotus Local Heroes

Competitive

20%

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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Looking for expansion-stage stocks?

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

View expansion-stage stocks

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.