VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

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Friday, January 2, 2026

Stock Comparison

Monster Beverage Corporation vs SBA Communications 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)$74.4B
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

SBA Communications Corporation

SBAC · NASDAQ

Market cap (USD)
Gross margin (TTM)
Operating margin (TTM)
Net margin (TTM)
SectorReal Estate
IndustryREIT - Specialty
CountryUS
Data as of2026-01-02
Moat score
71/ 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 SBA Communications Corporation's moat claims, evidence, and risks.

View SBAC analysis

Comparison highlights

  • Moat score gap: Monster Beverage Corporation leads (76 / 100 vs 71 / 100 for SBA Communications Corporation).
  • Segment focus: Monster Beverage Corporation has 4 segments (91.6% in Monster Energy Drinks); SBA Communications Corporation has 3 segments (69.5% in Domestic Site Leasing).
  • Moat breadth: Monster Beverage Corporation has 5 moat types across 3 domains; SBA Communications Corporation has 4 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%

SBA Communications Corporation

Domestic Site Leasing

Market

U.S. wireless macro tower leasing (multi-tenant co-location on communications towers)

Geography

United States and territories

Customer

Wireless service providers and other wireless network operators/tenants

Role

Independent tower owner/operator (REIT)

Revenue share

69.5%

Side-by-side metrics

Monster Beverage Corporation
SBA Communications Corporation
Ticker / Exchange
MNST - Nasdaq Global Select Market
SBAC - NASDAQ
Market cap (USD)
$74.4B
n/a
Gross margin (TTM)
55.8%
n/a
Operating margin (TTM)
28.3%
n/a
Net margin (TTM)
21.7%
n/a
Sector
Consumer
Real Estate
Industry
Beverages - Non-Alcoholic
REIT - Specialty
HQ country
US
US
Primary segment
Monster Energy Drinks
Domestic Site Leasing
Market structure
Oligopoly
Oligopoly
Market share
33%-35% (reported)
16%-19% (implied)
HHI estimate
n/a
3,710
Pricing power
Moderate
Moderate
Moat score
76 / 100
71 / 100
Moat domains
Supply, Demand, Legal
Supply, Demand
Last update
2025-12-31
2026-01-02

Moat coverage

Shared moat types

No overlap yet.

Monster Beverage Corporation strengths

Distribution ControlBrand TrustPreferential Input AccessContractual ExclusivitySpecialty flavor formulations (AFF)

SBA Communications Corporation strengths

Physical Network DensityLong Term ContractsScale Economies Unit CostOperational 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%

SBA Communications Corporation segments

Full profile >

Domestic Site Leasing

Oligopoly

69.5%

International Site Leasing

Oligopoly

24.8%

Site Development

Competitive

5.7%

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.