VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

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Sunday, January 11, 2026

Stock Comparison

The Italian Sea Group S.p.A. vs Universal Music Group N.V.

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

The Italian Sea Group S.p.A.

TISG · Euronext Milan (Borsa Italiana)

Market cap (USD)$241.7M
Gross margin (TTM)70.9%
Operating margin (TTM)12.1%
Net margin (TTM)3.8%
SectorConsumer
IndustryLeisure
CountryIT
Data as of2026-01-08
Moat score
61/ 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 Italian Sea Group S.p.A.'s moat claims, evidence, and risks.

View TISG analysis

Universal Music Group N.V.

UMG · Euronext Amsterdam

Market cap (USD)$40.7B
Gross margin (TTM)40.4%
Operating margin (TTM)10.4%
Net margin (TTM)17.5%
SectorCommunication Services
IndustryEntertainment
CountryNL
Data as of2025-12-28
Moat score
77/ 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 Universal Music Group N.V.'s moat claims, evidence, and risks.

View UMG analysis

Comparison highlights

  • Moat score gap: Universal Music Group N.V. leads (77 / 100 vs 61 / 100 for The Italian Sea Group S.p.A.).
  • Segment focus: The Italian Sea Group S.p.A. has 2 segments (89.7% in Shipbuilding); Universal Music Group N.V. has 3 segments (75.2% in Recorded Music).
  • Moat breadth: The Italian Sea Group S.p.A. has 5 moat types across 3 domains; Universal Music Group N.V. has 5 across 3.

Primary market context

The Italian Sea Group S.p.A.

Shipbuilding

Market

Luxury yacht and superyacht shipbuilding (motor and sailing, 24m+ projects under construction/contract)

Geography

Global

Customer

Ultra-high-net-worth individuals (owners) and yacht brokers; occasional fleet/charter buyers

Role

Designer/shipyard (OEM) and brand owner

Revenue share

89.7%

Universal Music Group N.V.

Recorded Music

Market

Recorded music rights (labels) and monetization (streaming, physical, licensing/sync)

Geography

Global

Customer

Digital service providers (audio/video/social), physical retailers, and licensing counterparties

Role

Label / master rights holder; artist development, marketing and distribution

Revenue share

75.2%

Side-by-side metrics

The Italian Sea Group S.p.A.
Universal Music Group N.V.
Ticker / Exchange
TISG - Euronext Milan (Borsa Italiana)
UMG - Euronext Amsterdam
Market cap (USD)
$241.7M
$40.7B
Gross margin (TTM)
70.9%
40.4%
Operating margin (TTM)
12.1%
10.4%
Net margin (TTM)
3.8%
17.5%
Sector
Consumer
Communication Services
Industry
Leisure
Entertainment
HQ country
IT
NL
Primary segment
Shipbuilding
Recorded Music
Market structure
Oligopoly
Oligopoly
Market share
1.8%-2.2% (implied)
31%-33% (estimated)
HHI estimate
n/a
n/a
Pricing power
Moderate
Moderate
Moat score
61 / 100
77 / 100
Moat domains
Demand, Supply, Legal
Legal, Supply, Demand
Last update
2026-01-08
2025-12-28

Moat coverage

Shared moat types

Brand TrustLong Term Contracts

The Italian Sea Group S.p.A. strengths

Supply Chain ControlConcession LicenseOperational Excellence

Universal Music Group N.V. strengths

Content Rights CurrencyScale Economies Unit CostService Field Network

Segment mix

The Italian Sea Group S.p.A. segments

Full profile >

Shipbuilding

Oligopoly

89.7%

Refit

Competitive

10.3%

Universal Music Group N.V. segments

Full profile >

Recorded Music

Oligopoly

75.2%

Music Publishing

Oligopoly

17.9%

Merchandising and Other

Competitive

7.1%

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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.