VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

NO ADVICE

Wednesday, January 7, 2026

Stock Comparison

Monster Beverage Corporation vs The Progressive Corporation

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

Monster Beverage Corporation

MNST · Nasdaq Global Select Market

Market cap (USD)$73.9B
Gross margin (TTM)55.8%
Operating margin (TTM)28.3%
Net margin (TTM)21.7%
SectorConsumer
IndustryBeverages - Non-Alcoholic
CountryUS
Data as of2025-12-31
Moat score
76/ 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 Monster Beverage Corporation's moat claims, evidence, and risks.

View MNST 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: Monster Beverage Corporation leads (76 / 100 vs 75 / 100 for The Progressive Corporation).
  • Segment focus: Monster Beverage Corporation has 4 segments (91.6% in Monster Energy Drinks); The Progressive Corporation has 2 segments (85% in Personal Lines).
  • Moat breadth: Monster Beverage Corporation has 5 moat types across 3 domains; The Progressive Corporation has 5 across 2.

Primary market context

Monster Beverage Corporation

Monster Energy Drinks

Market

Energy drinks

Geography

Global

Customer

Retail consumers (via bottlers/distributors and retailers); some direct-to-retail

Role

Brand owner, marketer, and RTD finished-goods seller

Revenue share

91.6%

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

Monster Beverage Corporation
The Progressive Corporation
Ticker / Exchange
MNST - Nasdaq Global Select Market
PGR - New York Stock Exchange
Market cap (USD)
$73.9B
$124.8B
Gross margin (TTM)
55.8%
26.3%
Operating margin (TTM)
28.3%
15.9%
Net margin (TTM)
21.7%
12.6%
Sector
Consumer
Financials
Industry
Beverages - Non-Alcoholic
Insurance - Property & Casualty
HQ country
US
US
Primary segment
Monster Energy Drinks
Personal Lines
Market structure
Oligopoly
Oligopoly
Market share
33%-35% (reported)
16.7% (reported)
HHI estimate
n/a
n/a
Pricing power
Moderate
Moderate
Moat score
76 / 100
75 / 100
Moat domains
Supply, Demand, Legal
Supply, Demand
Last update
2025-12-31
2026-01-04

Moat coverage

Shared moat types

Brand Trust

Monster Beverage Corporation strengths

Distribution ControlPreferential Input AccessContractual ExclusivitySpecialty flavor formulations (AFF)

The Progressive Corporation strengths

Learning Curve YieldService Field NetworkSuite BundlingOperational Excellence

Segment mix

Monster Beverage Corporation segments

Full profile >

Monster Energy Drinks

Oligopoly

91.6%

Strategic Brands

Oligopoly

5.8%

Alcohol Brands

Competitive

2.3%

Other (AFF Third-Party Products)

Competitive

0.3%

The Progressive Corporation segments

Full profile >

Personal Lines

Oligopoly

85%

Commercial Lines

Competitive

15%

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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.