Nebius Group N.V [NBIS] vs Spotify Technology [SPOT] Detailed Stock Comparison

Nebius Group N.V.

NASDAQ
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Spotify Technology S.A.

NYSE
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TLDR: Quick Comparison Summary

Based on 20 vital metrics comparison: Nebius Group N.V. wins in 4 metrics, Spotify Technology S.A. wins in 14 metrics, with 0 ties. Spotify Technology S.A. appears stronger overall.

View Metrics Details

Vital Metrics Comparison

Metric Nebius Group N.V. Spotify Technology S.A. Better
P/E Ratio (TTM) 1,419.45 42.18 Spotify Technology S.A.
Price-to-Book Ratio 8.56 10.85 Nebius Group N.V.
Debt-to-Equity Ratio 105.96 23.48 Spotify Technology S.A.
PEG Ratio 20.20 0.20 Spotify Technology S.A.
EV/EBITDA -211.84 44.75 Spotify Technology S.A.
Profit Margin (TTM) 19.20% 12.87% Nebius Group N.V.
Operating Margin (TTM) -102.99% 15.47% Spotify Technology S.A.
EBITDA Margin (TTM) N/A 15.47% N/A
Return on Equity 0.74% 31.93% Spotify Technology S.A.
Return on Assets (TTM) -4.66% 10.17% Spotify Technology S.A.
Free Cash Flow (TTM) $-562.10M $2.87B Spotify Technology S.A.
1-Year Return 393.02% -32.19% Nebius Group N.V.
Price-to-Sales Ratio (TTM) 74.57 6.21 Spotify Technology S.A.
Enterprise Value $40.72B $118.20B Spotify Technology S.A.
EV/Revenue Ratio 76.85 5.87 Spotify Technology S.A.
Gross Profit Margin (TTM) N/A 33.08% N/A
Revenue per Share (TTM) $2 $84 Spotify Technology S.A.
Earnings per Share (Diluted) $0.11 $12.28 Spotify Technology S.A.
Beta (Stock Volatility) 1.06 1.70 Nebius Group N.V.
Short % of Float 19.31% 4.01% Spotify Technology S.A.

Nebius Group N.V. vs Spotify Technology S.A. Stock Performance Analysis

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NBIS
SPOT

Performance Comparison

Short-term Returns

Stock1D1W1M3M6MYTD
Nebius Group N.V.11.93%19.30%18.25%100.28%220.52%189.13%
Spotify Technology S.A.-0.45%-4.63%9.82%-8.43%-16.86%-16.55%

Long-term Returns

Stock1Y3Y5Y10Y15Y20Y
Nebius Group N.V.393.02%1,126.82%1,126.82%1,126.82%1,126.82%1,126.82%
Spotify Technology S.A.-32.19%201.27%94.64%225.85%225.85%225.85%

Performance & Financial Health Analysis: Nebius Group N.V. vs Spotify Technology S.A.

MetricNBISSPOT
Market Information
Market Cap i$39.74B$106.65B
Market Cap CategoryLarge capLarge cap
10 Day Avg. Volume i17,293,1081,528,540
90 Day Avg. Volume i18,938,4391,525,347
Last Close$260.07$479.85
52 Week Range$43.89 - $278.84$405.00 - $785.00
% from 52W High-6.73%-38.87%
All-Time High$278.84 (Jun 02, 2026)$785.00 (Jun 27, 2025)
% from All-Time High-6.73%-38.87%
Growth Metrics
Quarterly Revenue Growth5.01%0.07%
Quarterly Earnings GrowthN/A2.20%
Financial Health
Profit Margin (TTM) i0.19%0.13%
Operating Margin (TTM) i-1.03%0.15%
Return on Equity (TTM) i0.01%0.32%
Debt to Equity (MRQ) i105.9623.48
Cash & Liquidity
Book Value per Share (MRQ)$18.23$47.74
Cash per Share (MRQ)$14.54$37.49
Operating Cash Flow (TTM) i$384.80M$3.44B
Levered Free Cash Flow (TTM) i$-3,610,350,080$791.46M
Dividends
Last 12-Month Dividend Yield iN/AN/A
Last 12-Month Dividend iN/AN/A

Valuation & Enterprise Metrics Analysis: Nebius Group N.V. vs Spotify Technology S.A.

MetricNBIS (Apr 24, 2026)SPOT (Apr 26, 2026)
Price Ratios
P/E Ratio (TTM) i1,419.4542.18
Forward P/E i-153.6526.91
PEG Ratio i20.200.20
Price to Sales (TTM) i74.576.21
Price to Book (MRQ) i8.5610.85
Market Capitalization
Market Capitalization i$39.74B$106.65B
Enterprise Value i$40.72B$118.20B
Enterprise Value Metrics
Enterprise to Revenue i76.855.87
Enterprise to EBITDA i-211.8444.75
Risk & Other Metrics
Beta i1.061.70
Book Value per Share (MRQ) i$18.23$47.74

Financial Statements Comparison: Nebius Group N.V. vs Spotify Technology S.A.

Financial Metrics

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Revenue

Operating Margin

Profit Margin

Long Term Debt

Income Flow Analysis

Financial Statements Comparison

Income Statement

MetricNBIS (2024)SPOT (2025)
Revenue/Sales i117.50M17.19B
Cost of Goods Sold i73.40M11.69B
COGS % of Revenue i62.5%68.0%
Gross Profit i44.10M5.50B
Gross Margin i37.5%32.0%
Research & Development i129.70M1.39B
Operating Income (EBIT) i-440.70M2.20B
Operating Margin i-375.1%12.8%
EBITDA i-336.90M2.56B
EBITDA Margin i-286.7%14.9%
Pre-Tax Income i-394.00M2.22B
Pre-Tax Income % of Revenue i-335.3%12.9%
Income Tax i-500,00012.00M
Income Tax % of Revenue i-0.4%0.1%
Net Income (Profit) i-641.40M2.21B
Profit Margin i-545.9%12.9%

Balance Sheet & Liquidity Metrics

MetricNBIS (2024)SPOT (2025)
Cash & Equivalents i2.45B5.26B
Total Current Assets i2.53B10.50B
Total Current Assets % of Revenue i2,156.0%61.1%
Total Current Liabilities i264.00M6.09B
Total Current Liabilities % of Revenue i224.7%35.4%
Long-Term Debt i30.30M433.00M
Long-Term Debt % of Revenue i25.8%2.5%
Total Shareholders Equity i3.25B8.33B
Retained Earnings i3.22B-832.00M
Retained Earnings % of Revenue i2,738.7%-4.8%
Property, Plant & Equipment i1.08B136.00M

Cash Flow Statement Comparison

MetricNBIS (2024)SPOT (2025)
Operating Cash Flow i-312.20M2.73B
Operating Cash Flow % of Revenue i-265.7%15.9%
Capital Expenditures i-806.10M-61.00M
Free Cash Flow i-562.10M2.87B
FCF Margin i-478.4%16.7%
Debt Repayment i-700,000-73.00M
Common Stock Repurchase iN/A-439.00M

Short Interest & Institutional Ownership Analysis

MetricNBISSPOT
Shares Short i42.36M6.34M
Short Ratio i2.384.07
Short % of Float i19.31%4.01%
Shares Outstanding i219.47M205.83M
Float Shares i209.63M156.63M
% Held by Insiders i3.76%23.41%
% Held by Institutions i48.62%68.46%
% Held by Public i47.62%8.13%

Dividend Analysis & Yield Comparison: Nebius Group N.V. vs Spotify Technology S.A.

MetricNBISSPOT
Last 12-Month Dividend iN/AN/A
Last 12-Month Dividend Yield iN/AN/A
3-Year Avg Annual Dividend iN/AN/A
3-Year Avg Dividend Yield iN/AN/A
3-Year Total Dividends iN/AN/A
Ex-Dividend DateN/AN/A