VOL. XCIV, NO. 247
★ WIDE MOAT STOCKS COMPARISON ★
NO ADVICE
Thursday, January 8, 2026
Stock Comparison
Novo Nordisk A/S vs Spotify Technology S.A.
Compare moat strength, market structure, and segment coverage to understand how each company defends its edge.
Novo Nordisk A/S
NOVOB · Nasdaq Copenhagen
Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.
Full stock profile
Dive deeper into Novo Nordisk A/S's moat claims, evidence, and risks.
View NOVOB analysisSpotify Technology S.A.
SPOT · New York Stock Exchange
Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.
Full stock profile
Dive deeper into Spotify Technology S.A.'s moat claims, evidence, and risks.
View SPOT analysisComparison highlights
- Moat score gap: Novo Nordisk A/S leads (85 / 100 vs 65 / 100 for Spotify Technology S.A.).
- Segment focus: Novo Nordisk A/S has 3 segments (71.1% in Diabetes care); Spotify Technology S.A. has 2 segments (88.2% in Premium (subscription)).
- Moat breadth: Novo Nordisk A/S has 5 moat types across 3 domains; Spotify Technology S.A. has 6 across 4.
Primary market context
Novo Nordisk A/S
Diabetes care
Diabetes pharmaceuticals (GLP-1 for type 2 diabetes, insulin, and related therapies)
Global
Payers/providers and patients (via wholesalers/pharmacies/hospitals)
Originator pharma (R&D, regulatory, manufacturing, commercialization)
71.1%
Spotify Technology S.A.
Premium (subscription)
Paid music and audio streaming subscriptions
Global
Consumers (end-users) and distribution partners (e.g., telcos)
Streaming platform operator
88.2%
Side-by-side metrics
Moat coverage
Shared moat types
Novo Nordisk A/S strengths
Spotify Technology S.A. strengths
Segment mix
Novo Nordisk A/S segments
Full profile >Diabetes care
Oligopoly
Obesity care
Duopoly
Rare disease
Oligopoly
Spotify Technology S.A. segments
Full profile >Premium (subscription)
Oligopoly
Ad-Supported (advertising)
Competitive
Want the full wide moat stocks list?
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Proven models entering the expansion stage with unit economics that work.
View expansion-stage stocksCuration & 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.