Spotify Technology [SPOT] vs Alphabet [GOOGL] Detailed Stock Comparison

TLDR: Quick Comparison Summary

Based on 21 vital metrics comparison: Spotify Technology S.A. wins in 5 metrics, Alphabet Inc. wins in 15 metrics, with 0 ties. Alphabet Inc. appears stronger overall.

View Metrics Details

Vital Metrics Comparison

Metric Spotify Technology S.A. Alphabet Inc. Better
P/E Ratio (TTM) 42.18 31.36 Alphabet Inc.
Price-to-Book Ratio 10.85 9.88 Alphabet Inc.
Debt-to-Equity Ratio 23.48 16.13 Alphabet Inc.
PEG Ratio 0.20 1.00 Spotify Technology S.A.
EV/EBITDA 44.75 26.94 Alphabet Inc.
Profit Margin (TTM) 12.87% 32.81% Alphabet Inc.
Operating Margin (TTM) 15.47% 31.57% Alphabet Inc.
EBITDA Margin (TTM) 15.47% 31.57% Alphabet Inc.
Return on Equity 31.93% 35.71% Alphabet Inc.
Return on Assets (TTM) 10.17% 15.43% Alphabet Inc.
Free Cash Flow (TTM) $2.87B $73.27B Alphabet Inc.
Dividend Yield N/A 0.34% N/A
1-Year Return -32.19% 105.92% Alphabet Inc.
Price-to-Sales Ratio (TTM) 6.21 10.19 Spotify Technology S.A.
Enterprise Value $118.20B $4,044.91B Alphabet Inc.
EV/Revenue Ratio 5.87 10.04 Spotify Technology S.A.
Gross Profit Margin (TTM) 33.08% 59.79% Alphabet Inc.
Revenue per Share (TTM) $84 $33 Spotify Technology S.A.
Earnings per Share (Diluted) $12.28 $10.82 Spotify Technology S.A.
Beta (Stock Volatility) 1.70 1.13 Alphabet Inc.
Short % of Float 4.01% 1.37% Alphabet Inc.

Spotify Technology S.A. vs Alphabet Inc. Stock Performance Analysis

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Performance Comparison

Short-term Returns

Stock1D1W1M3M6MYTD
Spotify Technology S.A.-0.45%-4.63%9.82%-8.43%-16.86%-16.55%
Alphabet Inc.2.69%1.66%-6.91%20.88%19.83%17.20%

Long-term Returns

Stock1Y3Y5Y10Y15Y20Y
Spotify Technology S.A.-32.19%201.27%94.64%225.85%225.85%225.85%
Alphabet Inc.105.92%191.17%199.46%921.53%2,862.77%3,577.71%

Performance & Financial Health Analysis: Spotify Technology S.A. vs Alphabet Inc.

MetricSPOTGOOGL
Market Information
Market Cap i$106.65B$4.10T
Market Cap CategoryLarge capMega cap
10 Day Avg. Volume i1,528,54022,169,038
90 Day Avg. Volume i1,525,34727,068,359
Last Close$479.85$369.35
52 Week Range$405.00 - $785.00$162.00 - $408.61
% from 52W High-38.87%-9.61%
All-Time High$785.00 (Jun 27, 2025)$408.61 (May 18, 2026)
% from All-Time High-38.87%-9.61%
Growth Metrics
Quarterly Revenue Growth0.07%0.18%
Quarterly Earnings Growth2.20%0.30%
Financial Health
Profit Margin (TTM) i0.13%0.33%
Operating Margin (TTM) i0.15%0.32%
Return on Equity (TTM) i0.32%0.36%
Debt to Equity (MRQ) i23.4816.13
Cash & Liquidity
Book Value per Share (MRQ)$47.74$34.35
Cash per Share (MRQ)$37.49$10.49
Operating Cash Flow (TTM) i$3.44B$164.71B
Levered Free Cash Flow (TTM) i$791.46M$38.09B
Dividends
Last 12-Month Dividend Yield iN/A0.34%
Last 12-Month Dividend iN/A$1.04

Valuation & Enterprise Metrics Analysis: Spotify Technology S.A. vs Alphabet Inc.

MetricSPOT (Apr 26, 2026)GOOGL (Apr 24, 2026)
Price Ratios
P/E Ratio (TTM) i42.1831.36
Forward P/E i26.9125.17
PEG Ratio i0.201.00
Price to Sales (TTM) i6.2110.19
Price to Book (MRQ) i10.859.88
Market Capitalization
Market Capitalization i$106.65B$4.10T
Enterprise Value i$118.20B$4.04T
Enterprise Value Metrics
Enterprise to Revenue i5.8710.04
Enterprise to EBITDA i44.7526.94
Risk & Other Metrics
Beta i1.701.13
Book Value per Share (MRQ) i$47.74$34.35

Financial Statements Comparison: Spotify Technology S.A. vs Alphabet Inc.

Financial Metrics

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Revenue

Operating Margin

Profit Margin

Long Term Debt

Income Flow Analysis

Financial Statements Comparison

Income Statement

MetricSPOT (2025)GOOGL (2025)
Revenue/Sales i17.19B402.84B
Cost of Goods Sold i11.69B162.54B
COGS % of Revenue i68.0%40.3%
Gross Profit i5.50B240.30B
Gross Margin i32.0%59.7%
Research & Development i1.39B61.09B
Operating Income (EBIT) i2.20B129.04B
Operating Margin i12.8%32.0%
EBITDA i2.56B156.18B
EBITDA Margin i14.9%38.8%
Pre-Tax Income i2.22B158.83B
Pre-Tax Income % of Revenue i12.9%39.4%
Income Tax i12.00M26.66B
Income Tax % of Revenue i0.1%6.6%
Net Income (Profit) i2.21B132.17B
Profit Margin i12.9%32.8%

Balance Sheet & Liquidity Metrics

MetricSPOT (2025)GOOGL (2025)
Cash & Equivalents i5.26B30.71B
Total Current Assets i10.50B206.04B
Total Current Assets % of Revenue i61.1%51.1%
Total Current Liabilities i6.09B102.75B
Total Current Liabilities % of Revenue i35.4%25.5%
Long-Term Debt i433.00M59.29B
Long-Term Debt % of Revenue i2.5%14.7%
Total Shareholders Equity i8.33B415.27B
Retained Earnings i-832.00M324.06B
Retained Earnings % of Revenue i-4.8%80.4%
Property, Plant & Equipment i136.00M311.96B

Cash Flow Statement Comparison

MetricSPOT (2025)GOOGL (2025)
Operating Cash Flow i2.73B175.50B
Operating Cash Flow % of Revenue i15.9%43.6%
Capital Expenditures i-61.00M-91.45B
Free Cash Flow i2.87B73.27B
FCF Margin i16.7%18.2%
Debt Repayment i-73.00M-32.43B
Common Stock Repurchase i-439.00M-45.71B

Short Interest & Institutional Ownership Analysis

MetricSPOTGOOGL
Shares Short i6.34M79.66M
Short Ratio i4.072.74
Short % of Float i4.01%1.37%
Shares Outstanding i205.83M12.09B
Float Shares i156.63M10.83B
% Held by Insiders i23.41%0.58%
% Held by Institutions i68.46%80.92%
% Held by Public i8.13%18.50%

Dividend Analysis & Yield Comparison: Spotify Technology S.A. vs Alphabet Inc.

MetricSPOTGOOGL
Last 12-Month Dividend iN/A$1.04
Last 12-Month Dividend Yield iN/A0.34%
3-Year Avg Annual Dividend iN/A$0.55
3-Year Avg Dividend Yield iN/A0.10%
3-Year Total Dividends iN/A$1.64
Ex-Dividend DateN/AMar 09, 2026