Sanofi SNY

Competitive advantage analysis · healthcare

Corporate Default
Overall moat score
54/100
Moderate

Ranked against 19 peers in Drug Manufacturers - General

About Sanofi

Sanofi engages in the research, development, manufacture, and marketing of therapeutic solutions. It provides immunology and inflammation, rare diseases neurology, oncology, and other vaccines. It also offers poliomyelitis, pertussis, and haemophilus influenzae type b (Hib) pediatric vaccines; respiratory syncytial virus protection and hexavalent combination vaccines protecting against diphtheria, tetanus, pertussis, polio, Hib, and hepatitis B; influenza, COVID-19 vaccine Nuvaxovid, booster, … Full SNY analysis →

Key strengths

  • Revenue Growth Consistent Revenue growth volatility is low (stability score 1.00), suggesting sticky customer base.
  • Margins Stable Across Cycles Operating margin volatility is low (stability score 0.72), demonstrating pricing resilience across cycles.

Key risks

  • Scale Without Profitability Despite scale, profitability lags peers (score 0.36), suggesting limited competitive advantage.
  • ROIC Below WACC or Peers ROIC at 15.8th percentile suggests inefficient capital deployment.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Moderate
55
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Signals, strengths and risks for Pricing Power

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Signals, strengths and risks for Cost Advantage

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Signals, strengths and risks for Customer Stickiness

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Signals, strengths and risks for Capital Efficiency

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Signals, strengths and risks for Resilience

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Signals, strengths and risks for Scale & Market Position

Where SNY ranks in Drug Manufacturers - General

Sanofi ranks #9 of 20 scored companies in Drug Manufacturers - General by moat score — the top 45%. The widest moat in the group is Novo Nordisk A/S (NVO) at 74/100.

# Company Moat score Rating
5 Johnson & Johnson JNJ 67/100 Moderate
6 Bristol-Myers Squibb Company BMY 66/100 Moderate
7 Biogen Inc. BIIB 61/100 Moderate
8 Amgen Inc. AMGN 55/100 Moderate
9 Sanofi SNY 54/100 Moderate
10 Astrazeneca PLC AZN 52/100 Moderate
11 GSK plc GSK 52/100 Moderate
12 Grifols, S.A. GRFS 50/100 Developing
13 Eli Lilly and Company LLY 45/100 Developing

See every Pharma / Mature Biotech company ranked by moat score →

How SNY scores on the Corporate Default defenses

Pricing Power

Score 55 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 44 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 75 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 51 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 57 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 38 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding SNY's moat

What is Sanofi's moat score?

Sanofi (SNY) scores 54 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #9 of 20 scored companies in Drug Manufacturers - General, the top 45%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 19 companies in Drug Manufacturers - General. Its strongest defense is Customer Stickiness (75/100) and its weakest is Scale & Market Position (38/100).

How does Sanofi compare with other Drug Manufacturers - General companies?

Sanofi ranks #9 of 20 scored companies in Drug Manufacturers - General by moat score. The widest moat in Drug Manufacturers - General is Novo Nordisk A/S (NVO) at 74/100. The companies ranked closest are Amgen Inc. (AMGN) at 55 just above it and Astrazeneca PLC (AZN) at 52 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 19 companies in Drug Manufacturers - General. The defenses are then weighted to produce the overall score out of 100.

Why is Sanofi scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for Sanofi?

The Corporate Default template measures 6 defenses, and SNY scores: Pricing Power (55), Cost Advantage (44), Customer Stickiness (75), Capital Efficiency (51), Resilience (57), Scale & Market Position (38). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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