VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

NO ADVICE

Wednesday, January 7, 2026

Stock Comparison

Live Nation Entertainment, Inc. vs The Progressive Corporation

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)$33.7B
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

The Progressive Corporation

PGR · New York Stock Exchange

Market cap (USD)$124.8B
Gross margin (TTM)26.3%
Operating margin (TTM)15.9%
Net margin (TTM)12.6%
SectorFinancials
IndustryInsurance - Property & Casualty
CountryUS
Data as of2026-01-04
Moat score
75/ 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 The Progressive Corporation's moat claims, evidence, and risks.

View PGR analysis

Comparison highlights

  • Moat score gap: Live Nation Entertainment, Inc. leads (84 / 100 vs 75 / 100 for The Progressive Corporation).
  • Segment focus: Live Nation Entertainment, Inc. has 3 segments (82.2% in Concerts); The Progressive Corporation has 2 segments (85% in Personal Lines).
  • Moat breadth: Live Nation Entertainment, Inc. has 6 moat types across 3 domains; The Progressive Corporation has 5 across 2.

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%

The Progressive Corporation

Personal Lines

Market

U.S. private passenger auto insurance (dominant) plus specialty personal lines and homeowners/renters (small portion)

Geography

United States

Customer

Individuals/households

Role

Primary insurer (P&C)

Revenue share

85%

Side-by-side metrics

Live Nation Entertainment, Inc.
The Progressive Corporation
Ticker / Exchange
LYV - New York Stock Exchange
PGR - New York Stock Exchange
Market cap (USD)
$33.7B
$124.8B
Gross margin (TTM)
46.2%
26.3%
Operating margin (TTM)
4.7%
15.9%
Net margin (TTM)
3.7%
12.6%
Sector
Communication Services
Financials
Industry
Entertainment
Insurance - Property & Casualty
HQ country
US
US
Primary segment
Concerts
Personal Lines
Market structure
Oligopoly
Oligopoly
Market share
55%-65% (reported)
16.7% (reported)
HHI estimate
3,600
n/a
Pricing power
Moderate
Moderate
Moat score
84 / 100
75 / 100
Moat domains
Supply, Demand, Network
Supply, Demand
Last update
2026-01-04
2026-01-04

Moat coverage

Shared moat types

Service Field Network

Live Nation Entertainment, Inc. strengths

Physical Network DensityLong Term ContractsTwo Sided NetworkData Workflow LockinScope Economies

The Progressive Corporation strengths

Learning Curve YieldBrand TrustSuite BundlingOperational Excellence

Segment mix

Live Nation Entertainment, Inc. segments

Full profile >

Concerts

Oligopoly

82.2%

Ticketing

Quasi-Monopoly

12.9%

Sponsorship & Advertising

Competitive

5.2%

The Progressive Corporation segments

Full profile >

Personal Lines

Oligopoly

85%

Commercial Lines

Competitive

15%

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.