Top line accelerating.
+24.4% YoY versus +11.0% prior. 3y CAGR +17.2%.
+24.4%We use cookies
MainRatios uses cookies for essential site functions. With your consent, we also use analytics cookies including session replay sampling (PostHog, Google Analytics) and advertising cookies (Google AdSense). You can reject non-essential cookies, including the "sale" or sharing of personal information under CCPA, and you may withdraw consent at any time (GDPR). See our Privacy Policy for details.
Communications · Market Cap: $99.1B
Live price unavailable
Fundamentals as of 2025-12-31
All analysis on this page is for educational purposes only and does not constitute financial advice. Fair values are model-based estimates. Always do your own research.
The Question
Yes — Spotify Technology S.A.'s 26.6% ROE ranks above the S&P 500 median, and D/E 0.80 stays within healthy bounds.
Financial story
Yes — Spotify Technology S.A.'s 26.6% ROE shows strong capital efficiency, and its 0.80 debt-to-equity stays within healthy bounds.
Bottom line: SPOT currently has no legendary investor models qualifying — see /stock/SPOT/valuation for the per-model breakdown, but earns a C sector grade (56/100) in Communications. Use the per-tab analysis to form your own view. Drill into the valuation breakdown and sector ranking for the full picture.
+24.4% YoY versus +11.0% prior. 3y CAGR +17.2%.
+24.4%Net margin 12.9% versus 7.3% prior (+5.6pp). Operating 12.8% — gap is tight.
12.9%P/E 33.2x — 60% below the 5y median of 82.8x. Forward 39.4x signals EPS contraction next year.
33.2xSPOT is in the Communications sector. Sector ranking and peer comparison are in the sector tab.
0 of 6 legendary investor models rate SPOT a BUY. Fair value estimates and full investor breakdown are in the valuation tab.
Spotify Technology S.A.'s fair value depends on which model you trust. See the per-investor fair-value table in the valuation tab.
SPOT trades at 39.6x earnings. Sector context and per-investor signals are in the valuation tab.
SPOT and CMCSA differ on P/E, ROE, and revenue growth. See the full SPOT vs CMCSA compare matrix.
Investor verdicts for SPOT are listed in the valuation tab. Per-model fair value and reasoning are in the
How does SPOT compare?
See exactly where SPOT ranks
Sign in to unlock the full sector ranking — free.
Sign in to see the rankingSPOT sits at #14 in Communications with a C grade (56/100).