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

Spotify Technology S.A.

NYSE
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Nebius Group N.V.

NASDAQ
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TLDR: Quick Comparison Summary

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

View Metrics Details

Vital Metrics Comparison

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

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

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SPOT
NBIS

Performance Comparison

Short-term Returns

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

Long-term Returns

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

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

MetricSPOTNBIS
Market Information
Market Cap i$106.65B$39.74B
Market Cap CategoryLarge capLarge cap
10 Day Avg. Volume i1,528,54017,293,108
90 Day Avg. Volume i1,525,34718,938,439
Last Close$479.85$260.07
52 Week Range$405.00 - $785.00$43.89 - $278.84
% from 52W High-38.87%-6.73%
All-Time High$785.00 (Jun 27, 2025)$278.84 (Jun 02, 2026)
% from All-Time High-38.87%-6.73%
Growth Metrics
Quarterly Revenue Growth0.07%5.01%
Quarterly Earnings Growth2.20%N/A
Financial Health
Profit Margin (TTM) i0.13%0.19%
Operating Margin (TTM) i0.15%-1.03%
Return on Equity (TTM) i0.32%0.01%
Debt to Equity (MRQ) i23.48105.96
Cash & Liquidity
Book Value per Share (MRQ)$47.74$18.23
Cash per Share (MRQ)$37.49$14.54
Operating Cash Flow (TTM) i$3.44B$384.80M
Levered Free Cash Flow (TTM) i$791.46M$-3,610,350,080
Dividends
Last 12-Month Dividend Yield iN/AN/A
Last 12-Month Dividend iN/AN/A

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

MetricSPOT (Apr 26, 2026)NBIS (Apr 24, 2026)
Price Ratios
P/E Ratio (TTM) i42.181,419.45
Forward P/E i26.91-153.65
PEG Ratio i0.2020.20
Price to Sales (TTM) i6.2174.57
Price to Book (MRQ) i10.858.56
Market Capitalization
Market Capitalization i$106.65B$39.74B
Enterprise Value i$118.20B$40.72B
Enterprise Value Metrics
Enterprise to Revenue i5.8776.85
Enterprise to EBITDA i44.75-211.84
Risk & Other Metrics
Beta i1.701.06
Book Value per Share (MRQ) i$47.74$18.23

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

Financial Metrics

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Revenue

Operating Margin

Profit Margin

Long Term Debt

Income Flow Analysis

Financial Statements Comparison

Income Statement

MetricSPOT (2025)NBIS (2024)
Revenue/Sales i17.19B117.50M
Cost of Goods Sold i11.69B73.40M
COGS % of Revenue i68.0%62.5%
Gross Profit i5.50B44.10M
Gross Margin i32.0%37.5%
Research & Development i1.39B129.70M
Operating Income (EBIT) i2.20B-440.70M
Operating Margin i12.8%-375.1%
EBITDA i2.56B-336.90M
EBITDA Margin i14.9%-286.7%
Pre-Tax Income i2.22B-394.00M
Pre-Tax Income % of Revenue i12.9%-335.3%
Income Tax i12.00M-500,000
Income Tax % of Revenue i0.1%-0.4%
Net Income (Profit) i2.21B-641.40M
Profit Margin i12.9%-545.9%

Balance Sheet & Liquidity Metrics

MetricSPOT (2025)NBIS (2024)
Cash & Equivalents i5.26B2.45B
Total Current Assets i10.50B2.53B
Total Current Assets % of Revenue i61.1%2,156.0%
Total Current Liabilities i6.09B264.00M
Total Current Liabilities % of Revenue i35.4%224.7%
Long-Term Debt i433.00M30.30M
Long-Term Debt % of Revenue i2.5%25.8%
Total Shareholders Equity i8.33B3.25B
Retained Earnings i-832.00M3.22B
Retained Earnings % of Revenue i-4.8%2,738.7%
Property, Plant & Equipment i136.00M1.08B

Cash Flow Statement Comparison

MetricSPOT (2025)NBIS (2024)
Operating Cash Flow i2.73B-312.20M
Operating Cash Flow % of Revenue i15.9%-265.7%
Capital Expenditures i-61.00M-806.10M
Free Cash Flow i2.87B-562.10M
FCF Margin i16.7%-478.4%
Debt Repayment i-73.00M-700,000
Common Stock Repurchase i-439.00MN/A

Short Interest & Institutional Ownership Analysis

MetricSPOTNBIS
Shares Short i6.34M42.36M
Short Ratio i4.072.38
Short % of Float i4.01%19.31%
Shares Outstanding i205.83M219.47M
Float Shares i156.63M209.63M
% Held by Insiders i23.41%3.76%
% Held by Institutions i68.46%48.62%
% Held by Public i8.13%47.62%

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

MetricSPOTNBIS
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