VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

NO ADVICE

Sunday, January 11, 2026

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Stock Comparison

Live Nation Entertainment, Inc. vs Morningstar, Inc.

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

Live Nation Entertainment, Inc.

LYV · New York Stock Exchange

Market cap (USD)$33.9B

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

Morningstar, Inc.

MORN · NASDAQ

Market cap (USD)—

Gross margin (TTM)—

Operating margin (TTM)—

Net margin (TTM)—

SectorFinancials

Industry—

CountryUS

Data as of2026-01-10

Moat score

67/ 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 Morningstar, Inc.'s moat claims, evidence, and risks.

View MORN analysis

Comparison highlights

Moat score gap: Live Nation Entertainment, Inc. leads (84 / 100 vs 67 / 100 for Morningstar, Inc.).
Segment focus: Live Nation Entertainment, Inc. has 3 segments (82.2% in Concerts); Morningstar, Inc. has 7 segments (34.6% in Morningstar Data and Analytics).
Moat breadth: Live Nation Entertainment, Inc. has 6 moat types across 3 domains; Morningstar, Inc. has 6 across 3.

Primary market context

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%

Morningstar, Inc.

Morningstar Data and Analytics

Market

Investment data, research, and analytics platforms

Geography

Global

Revenue share

34.6%

Side-by-side metrics

Live Nation Entertainment, Inc.

Morningstar, Inc.

Ticker / Exchange

LYV - New York Stock Exchange

MORN - NASDAQ

Market cap (USD)

$33.9B

n/a

Gross margin (TTM)

46.2%

n/a

Operating margin (TTM)

4.7%

n/a

Net margin (TTM)

3.7%

n/a

Sector

Communication Services

Financials

Industry

Entertainment

n/a

HQ country

Primary segment

Concerts

Morningstar Data and Analytics

Market structure

Oligopoly

Market share

55%-65% (reported)

n/a

HHI estimate

3,600

n/a

Pricing power

Moderate

Moat score

84 / 100

67 / 100

Moat domains

Supply, Demand, Network

Demand, Network, Legal

Last update

2026-01-04

2026-01-10

Moat coverage

Shared moat types

Data Workflow Lockin

Live Nation Entertainment, Inc. strengths

Physical Network DensityService Field NetworkLong Term ContractsTwo Sided NetworkScope Economies

Morningstar, Inc. strengths

De Facto StandardRegulated Standards PipeSuite BundlingTraining Org Change CostsIP Choke Point

Segment mix

Live Nation Entertainment, Inc. segments

Full profile >

Concerts

Oligopoly

82.2%

Ticketing

Quasi-Monopoly

12.9%

Sponsorship & Advertising

Competitive

5.2%

Morningstar, Inc. segments

Full profile >

Morningstar Data and Analytics

Oligopoly

34.6%

PitchBook

Oligopoly

27.2%

Morningstar Credit

Oligopoly

12.8%

Morningstar Wealth

Competitive

10.9%

Morningstar Retirement

Competitive

5.6%

Morningstar Sustainalytics

Oligopoly

5.2%

Morningstar Indexes

Oligopoly

3.7%

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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Looking for expansion-stage stocks?

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.