Explore Moats
We organize all companies we cover into Moats according to Helmer’s 7 powers. Follow to receive notifications when we publish material on moats or business model types.
Preferential access to a unique resource that drives value such as management, technology, patents, property, etc.
Entrant has a superior business model (lower costs and / or ability to charge higher prices given the higher product value) that incumbents cannot replicate without significant cannibalisation of existing business.
Value of the product increases as the user or customer base increases.
- Amazon
- AMZN
- Google
- GOOG
- Spotify
- SPOT
- Uber
- UBER
- Just Eat Takeawaycom
- TKWY
- Airbnb
- ABNB
- Copart
- CPRT
- Meta
- META
- ACV Auctions
- ACVA
- Booking Holdings
- BKNG
- Cogent Communications
- CCOI
- OPENLANE
- KAR
- Zalando
- ZAL
- Lyft
- LYFT
- Adyen
- ADYEN
- Rightmove
- RMV
- The Trade Desk
- TTD
- Alphabet
- GOOG
- Manheim
- Acast
- ACAST
- DoorDash
- DASH
- CCC Intelligent Solutions
- CCCS
- Cardlytics
- CDLX
- eBay
- EBAY
- Moltiply
- MOL
- Mastercard
- MA
- Visa
- V
- Delivery Hero
- DHER
- Experian
- EXPN
- Hemnet
- HEM
- Scout24
- G24
- Amazon
Operational and learning process that drives higher quality products and / or lower prices vs competitors.
Per unit cost declines as units produced increase. Scale economies also include procurement scale and distribution network density.
High financial cost and time of customers switching to a competitor. Includes productivity loss from downtime, changing routine, and retraining staff.
- Amazon
- AMZN
- HEICO
- HEI
- TransDigm Group
- TDG
- Microsoft
- MSFT
- Danaher
- DHR
- Constellation Software
- CSU
- Evolution
- EVO
- Halma
- HLMA
- Shopify
- SHOP
- Snowflake
- SNOW
- Topicus
- TOI
- Salesforce
- CRM
- Sartorius
- SRT
- Atlassian
- TEAM
- Thermo Fisher Scientific
- TMO
- Oracle
- ORCL
- Datadog
- DDOG
- Intuitive Surgical
- ISRG
- Wixcom
- WIX
- Vitec Software
- VIT
- Loar
- LOAR
- Squarespace
- SQSP
- ServiceNow
- NOW
- Databricks
- AppFolio
- APPF
- Spirax-Sarco Engineering
- SPX
- Veeva
- VEEV
- Apple
- AAPL
- Perimeter Solutions
- PRM
- CCC Intelligent Solutions
- CCCS
- Computer Modelling
- CMG
- Autodesk
- ADSK
- Procore
- PCOR
- Surgical Science
- SUSST
- LiveChat Software
- WSELVC
- Daily Journal
- DJCO
- Tyler Technologies
- TYL
- Graco
- GGG
- Technoprobe
- TPRO
- Paycom Software
- PAYC
- Interpump Group
- IPA
- Amazon