FWONK vs. SPOT: Formula One vs. Spotify Stock Comparison
How do Formula One (FWONK) and Spotify (SPOT) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
Formula One (FWONK) and Spotify (SPOT) are both classified in the Movies & Entertainment sub-industry within the broader Entertainment industry, placing them in the closest GICS peer bucket.
| Profile Item | FWONK | SPOT |
|---|---|---|
| Name | Liberty Media Corporation Series C Liberty Formula One Common Stock | Spotify Technology S.A. |
| Country/Region | United States | Sweden |
| GICS Sector | Communication Services | Communication Services |
| GICS Industry Group | Media & Entertainment | Media & Entertainment |
| GICS Industry | Entertainment | Entertainment |
| GICS Sub-Industry | Movies & Entertainment | Movies & Entertainment |
| Market Capitalization | 27.07 billion USD | 123.97 billion USD |
| Currency | USD | USD |
| Exchange | Nasdaq | NYSE |
| Listing Date | July 8, 2014 | April 3, 2018 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | FWONK | SPOT |
|---|---|---|
| Total Return (1Y) | 3.53% | -2.62% |
| Total Return (3Y, Annualized) | 17.08% | 52.24% |
| Total Return (5Y, Annualized) | 13.56% | 16.60% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
Spotify (SPOT) has an aggressive beta of 1.45, indicating higher sensitivity to broad-market moves, while Formula One (FWONK) is defensive at 0.63 and tends to be less market-sensitive — they sit on opposite ends of the beta spectrum.
| Metric | FWONK | SPOT |
|---|---|---|
| Volatility (1Y, Annualized) | 26.44% | 47.29% |
| Beta (5Y) | 0.63 | 1.45 |
| Max Drawdown (5Y) | -24.84% | -74.68% |
| Avg. Volume (3M) | 2.35M | 1.66M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | FWONK | SPOT |
|---|---|---|
| Sharpe Ratio (1Y) | -0.03 | -0.15 |
| Sortino Ratio (1Y) | -0.05 | -0.22 |
Profitability
ROE (TTM)
Spotify (SPOT) at 35.81% sits in the top ROE quartile, while Formula One (FWONK) at 4.11% is closer to the peer norm — stronger capital efficiency for SPOT.
FWONK
Media & Entertainment industry group
4.11%
- Max
- 49.92%
- Q3
- 17.95%
- Median
- 7.20%
- FWONK
- 4.11%
- Q1
- -4.53%
- Min
- -26.31%
SPOT
Media & Entertainment industry group
35.81%
- Max
- 49.92%
- SPOT
- 35.81%
- Q3
- 17.95%
- Median
- 7.20%
- Q1
- -4.53%
- Min
- -26.31%
Net Margin (TTM)
For every dollar of sales, both Formula One (FWONK) at 12.40% and Spotify (SPOT) at 15.73% retain more as net profit than most peers, landing in the top net margin quartile of their industries.
FWONK
Media & Entertainment industry group
12.40%
- Max
- 32.91%
- FWONK
- 12.40%
- Q3
- 11.75%
- Median
- 5.04%
- Q1
- -4.17%
- Min
- -25.14%
SPOT
Media & Entertainment industry group
15.73%
- Max
- 32.91%
- SPOT
- 15.73%
- Q3
- 11.75%
- Median
- 5.04%
- Q1
- -4.17%
- Min
- -25.14%
Operating Margin (TTM)
Formula One (FWONK) at 19.33% operates in the top operating margin quartile, ahead of Spotify (SPOT) at 13.52%, which runs around its industry’s norm.
FWONK
Media & Entertainment industry group
19.33%
- Max
- 40.16%
- FWONK
- 19.33%
- Q3
- 18.72%
- Median
- 8.63%
- Q1
- 1.90%
- Min
- -22.08%
SPOT
Media & Entertainment industry group
13.52%
- Max
- 40.16%
- Q3
- 18.72%
- SPOT
- 13.52%
- Median
- 8.63%
- Q1
- 1.90%
- Min
- -22.08%
Profitability Metrics
| Metric | FWONK | SPOT |
|---|---|---|
| ROE (TTM) | 4.11% | 35.81% |
| ROA (TTM) | 2.24% | 11.82% |
| Net Margin (TTM) | 12.40% | 15.73% |
| Operating Margin (TTM) | 19.33% | 13.52% |
| Gross Margin (TTM) | 36.32% | 33.12% |
Growth
Revenue Growth
Formula One (FWONK) at 22.69% sits in the top revenue growth quartile, while Spotify (SPOT) at 9.65% is closer to the peer norm — faster top-line expansion for FWONK.
EPS Growth
Only one side can be read here: Spotify (SPOT) reports EPS growth of 91.09%, ranked against its industry; Formula One (FWONK) has no EPS growth figure this period.
Growth Metrics
| Metric | FWONK | SPOT |
|---|---|---|
| Revenue Growth (YoY) | 22.69% | 9.65% |
| Revenue Growth (3Y CAGR) | 20.32% | 13.59% |
| EPS Growth (YoY) | -- | 91.09% |
| EPS Growth (3Y CAGR) | 0.02% | -- |
Financial Strength
Current Ratio (MRQ)
Both Formula One (FWONK) at 1.32 and Spotify (SPOT) at 2.13 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.
FWONK
Media & Entertainment industry group
1.32
- Max
- 4.69
- Q3
- 2.53
- Median
- 1.52
- FWONK
- 1.32
- Q1
- 0.95
- Min
- 0.28
SPOT
Media & Entertainment industry group
2.13
- Max
- 4.69
- Q3
- 2.53
- SPOT
- 2.13
- Median
- 1.52
- Q1
- 0.95
- Min
- 0.28
Debt / Equity (MRQ)
Spotify (SPOT) at 0.05 keeps leverage in the lower industry quartile, while Formula One (FWONK) at 0.65 runs a more typical debt-to-equity mix.
FWONK
Media & Entertainment industry group
0.65
- Max
- 3.65
- Q3
- 1.69
- FWONK
- 0.65
- Median
- 0.46
- Q1
- 0.17
- Min
- 0.00
SPOT
Media & Entertainment industry group
0.05
- Max
- 3.65
- Q3
- 1.69
- Median
- 0.46
- Q1
- 0.17
- SPOT
- 0.05
- Min
- 0.00
Financial Strength Metrics
| Metric | FWONK | SPOT |
|---|---|---|
| Current Ratio (MRQ) | 1.32 | 2.13 |
| Debt / Equity (MRQ) | 0.65 | 0.05 |
| Net Debt / EBITDA | 3.05 | -2.40 |
Dividends
Dividend Yield (TTM)
Neither Formula One (FWONK) nor Spotify (SPOT) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.
FWONK
Media & Entertainment industry group
0.00%
- Max
- 1.33%
- Q3
- 0.65%
- FWONK
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
SPOT
Media & Entertainment industry group
0.00%
- Max
- 1.33%
- Q3
- 0.65%
- SPOT
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Neither Formula One (FWONK) nor Spotify (SPOT) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.
FWONK
Media & Entertainment industry group
0.00%
- Max
- 71.43%
- Q3
- 28.98%
- FWONK
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
SPOT
Media & Entertainment industry group
0.00%
- Max
- 71.43%
- Q3
- 28.98%
- SPOT
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | FWONK | SPOT |
|---|---|---|
| Dividend Yield (TTM) | 0.00% | 0.00% |
| Dividend Payout Ratio (TTM) | 0.00% | 0.00% |
Valuation
P/E Ratio (TTM)
Both look expensive on trailing earnings: Spotify (SPOT) at 36.75 sits in the richer P/E ratio quartile, and Formula One (FWONK) at 104.25 is richer still, above its industry range.
FWONK
Media & Entertainment industry group
104.25
- FWONK
- 104.25
- Max
- 51.21
- Q3
- 28.90
- Median
- 17.98
- Q1
- 11.53
- Min
- 1.64
SPOT
Media & Entertainment industry group
36.75
- Max
- 51.21
- SPOT
- 36.75
- Q3
- 28.90
- Median
- 17.98
- Q1
- 11.53
- Min
- 1.64
P/S Ratio (TTM)
Both Formula One (FWONK) at 6.02 and Spotify (SPOT) at 6.59 command a richer price per dollar of sales than most peers, sitting in the upper P/S ratio quartile of their industries.
FWONK
Media & Entertainment industry group
6.02
- Max
- 7.43
- FWONK
- 6.02
- Q3
- 3.82
- Median
- 1.40
- Q1
- 0.70
- Min
- 0.00
SPOT
Media & Entertainment industry group
6.59
- Max
- 7.43
- SPOT
- 6.59
- Q3
- 3.82
- Median
- 1.40
- Q1
- 0.70
- Min
- 0.00
P/B Ratio (MRQ)
Formula One (FWONK) at 3.38 sits near its industry’s typical P/B ratio, while Spotify (SPOT) at 12.62 prices above its benchmark range — SPOT looks rich relative to book.
FWONK
Media & Entertainment industry group
3.38
- Max
- 11.45
- Q3
- 5.30
- FWONK
- 3.38
- Median
- 1.84
- Q1
- 0.77
- Min
- -2.61
SPOT
Media & Entertainment industry group
12.62
- SPOT
- 12.62
- Max
- 11.45
- Q3
- 5.30
- Median
- 1.84
- Q1
- 0.77
- Min
- -2.61
Valuation Metrics
| Metric | FWONK | SPOT |
|---|---|---|
| P/E Ratio (TTM) | 104.25 | 36.75 |
| P/S Ratio (TTM) | 6.02 | 6.59 |
| P/B Ratio (MRQ) | 3.38 | 12.62 |
| Free Cash Flow Yield (TTM) | 2.29% | 1.15% |