GS vs. SPOT: A Head-to-Head Stock Comparison

Updated on August 29, 2025

Here’s a clear look at GS and SPOT, comparing key factors like historical performance, profitability, financial strength, growth, dividend, and valuation.

Company Profile

Symbol	GS	SPOT
Company Name	The Goldman Sachs Group, Inc.	Spotify Technology S.A.
Country	United States	Luxembourg
GICS Sector	Financials	Communication Services
GICS Industry	Capital Markets	Entertainment
Market Capitalization	226.94 billion USD	142.60 billion USD
Exchange	NYSE	NYSE
Listing Date	May 4, 1999	April 3, 2018
Security Type	Common Stock	Common Stock

Historical Performance

This chart compares the performance of GS and SPOT by tracking the growth of an initial $10,000 investment in each. Use the tabs to select the desired time period. Data is adjusted for dividends and splits.

GS vs. SPOT: Growth of a $10,000 investment over the past one year.

Historical Performance at a Glance

Symbol	GS	SPOT
5-Day Price Return	4.71%	0.51%
13-Week Price Return	21.75%	6.06%
26-Week Price Return	19.83%	14.10%
52-Week Price Return	47.61%	106.20%
Month-to-Date Return	3.60%	10.61%
Year-to-Date Return	30.92%	54.90%
10-Day Avg. Volume	1.54M	1.55M
3-Month Avg. Volume	2.10M	2.18M
3-Month Volatility	21.41%	44.13%
Beta	1.44	1.70

Profitability

Return on Equity (TTM)

GS

12.67%

Capital Markets Industry

Max: 38.97%
Q3: 21.61%
Median: 13.77%
Q1: 8.31%
Min: -4.25%

GS’s Return on Equity of 12.67% is on par with the norm for the Capital Markets industry, indicating its profitability relative to shareholder equity is typical for the sector.

SPOT

14.00%

Entertainment Industry

Max: 42.50%
Q3: 22.75%
Median: 12.88%
Q1: 7.15%
Min: -6.84%

SPOT’s Return on Equity of 14.00% is on par with the norm for the Entertainment industry, indicating its profitability relative to shareholder equity is typical for the sector.

GS vs. SPOT: A comparison of their Return on Equity (TTM) against their respective Capital Markets and Entertainment industry benchmarks.

Net Profit Margin (TTM)

GS

12.29%

Capital Markets Industry

Max: 66.67%
Q3: 35.11%
Median: 23.49%
Q1: 13.63%
Min: -15.18%

Falling into the lower quartile for the Capital Markets industry, GS’s Net Profit Margin of 12.29% indicates weaker profitability. This means the company retains a smaller portion of each dollar in sales as profit compared to its competitors.

SPOT

4.85%

Entertainment Industry

Max: 45.25%
Q3: 23.93%
Median: 14.60%
Q1: 4.89%
Min: -22.94%

Falling into the lower quartile for the Entertainment industry, SPOT’s Net Profit Margin of 4.85% indicates weaker profitability. This means the company retains a smaller portion of each dollar in sales as profit compared to its competitors.

GS vs. SPOT: A comparison of their Net Profit Margin (TTM) against their respective Capital Markets and Entertainment industry benchmarks.

Operating Profit Margin (TTM)

GS

15.68%

Capital Markets Industry

Max: 86.40%
Q3: 46.46%
Median: 32.80%
Q1: 18.32%
Min: -21.87%

GS’s Operating Profit Margin of 15.68% is in the lower quartile for the Capital Markets industry. This indicates weaker profitability from core operations, which may stem from inefficiencies or competitive pressures on pricing.

SPOT

11.11%

Entertainment Industry

Max: 46.83%
Q3: 28.87%
Median: 15.26%
Q1: 8.95%
Min: -5.53%

SPOT’s Operating Profit Margin of 11.11% is around the midpoint for the Entertainment industry, indicating that its efficiency in managing core business operations is typical for the sector.

GS vs. SPOT: A comparison of their Operating Profit Margin (TTM) against their respective Capital Markets and Entertainment industry benchmarks.

Profitability at a Glance

Symbol	GS	SPOT
Return on Equity (TTM)	12.67%	14.00%
Return on Assets (TTM)	0.89%	6.62%
Net Profit Margin (TTM)	12.29%	4.85%
Operating Profit Margin (TTM)	15.68%	11.11%
Gross Profit Margin (TTM)	38.58%	31.63%

Financial Strength

Current Ratio (MRQ)

GS

0.30

Capital Markets Industry

Max: 3.76
Q3: 1.89
Median: 1.01
Q1: 0.54
Min: -0.41

For the Capital Markets industry, the Current Ratio is often not the most suitable measure of short-term liquidity.

SPOT

1.47

Entertainment Industry

Max: 6.80
Q3: 3.77
Median: 1.87
Q1: 0.86
Min: 0.39

SPOT’s Current Ratio of 1.47 aligns with the median group of the Entertainment industry, indicating that its short-term liquidity is in line with its sector peers.

GS vs. SPOT: A comparison of their Current Ratio (MRQ) against their respective Capital Markets and Entertainment industry benchmarks.

Debt-to-Equity Ratio (MRQ)

GS

9.08

Capital Markets Industry

Max: 6.62
Q3: 2.84
Median: 1.02
Q1: 0.32
Min: 0.00

The Debt-to-Equity Ratio is often not the primary focus for assessing leverage in the Capital Markets industry.

SPOT

0.36

Entertainment Industry

Max: 1.65
Q3: 0.71
Median: 0.14
Q1: 0.04
Min: 0.00

SPOT’s Debt-to-Equity Ratio of 0.36 is typical for the Entertainment industry, indicating its use of leverage is in line with the sector norm. This suggests a balanced approach to its capital structure.

GS vs. SPOT: A comparison of their Debt-to-Equity Ratio (MRQ) against their respective Capital Markets and Entertainment industry benchmarks.

Interest Coverage Ratio (TTM)

GS

Capital Markets Industry

Max: 126.03
Q3: 60.98
Median: 11.77
Q1: 4.95
Min: -36.26

The Interest Coverage Ratio is often not a primary indicator of debt servicing capacity in the Capital Markets industry.

SPOT

38.25

Entertainment Industry

Max: 62.11
Q3: 31.19
Median: 7.50
Q1: 2.02
Min: -6.33

SPOT’s Interest Coverage Ratio of 38.25 is in the upper quartile for the Entertainment industry, signifying a strong and healthy capacity to meet its interest payments from operating profits.

GS vs. SPOT: A comparison of their Interest Coverage Ratio (TTM) against their respective Capital Markets and Entertainment industry benchmarks.

Financial Strength at a Glance

Symbol	GS	SPOT
Current Ratio (MRQ)	0.30	1.47
Quick Ratio (MRQ)	0.30	1.46
Debt-to-Equity Ratio (MRQ)	9.08	0.36
Interest Coverage Ratio (TTM)	--	38.25

Growth

Revenue Growth

GS vs. SPOT: A side-by-side comparison of their Revenue Growth for the MRQ (YoY), TTM (YoY), 3-Year CAGR, and 5-Year CAGR periods.

EPS Growth

GS vs. SPOT: A side-by-side comparison of their EPS Growth for the MRQ (YoY), TTM (YoY), 3-Year CAGR, and 5-Year CAGR periods.

Dividend

Dividend Yield (TTM)

GS

2.14%

Capital Markets Industry

Max: 10.26%
Q3: 4.86%
Median: 2.78%
Q1: 1.22%
Min: 0.00%

GS’s Dividend Yield of 2.14% is consistent with its peers in the Capital Markets industry, providing a dividend return that is standard for its sector.

SPOT

0.00%

Entertainment Industry

Max: 2.54%
Q3: 1.29%
Median: 0.61%
Q1: 0.00%
Min: 0.00%

SPOT currently does not pay a dividend, resulting in a yield of 0%. This is a common strategy for growth-focused companies that prioritize reinvesting earnings, though it may be less typical in mature, income-oriented sectors.

GS vs. SPOT: A comparison of their Dividend Yield (TTM) against their respective Capital Markets and Entertainment industry benchmarks.

Dividend Payout Ratio (TTM)

GS

29.94%

Capital Markets Industry

Max: 200.72%
Q3: 101.92%
Median: 57.97%
Q1: 32.36%
Min: 0.00%

GS’s Dividend Payout Ratio of 29.94% is in the lower quartile for the Capital Markets industry. This suggests a conservative dividend policy, with a strategic focus on reinvesting profits for future growth.

SPOT

0.00%

Entertainment Industry

Max: 82.30%
Q3: 45.76%
Median: 29.16%
Q1: 0.00%
Min: 0.00%

SPOT has a Dividend Payout Ratio of 0%, indicating it does not currently pay a dividend. This is a common strategy for growth-oriented companies that reinvest all profits back into the business.

GS vs. SPOT: A comparison of their Dividend Payout Ratio (TTM) against their respective Capital Markets and Entertainment industry benchmarks.

Dividend at a Glance

Symbol	GS	SPOT
Dividend Yield (TTM)	2.14%	0.00%
Dividend Payout Ratio (TTM)	29.94%	0.00%

Valuation

Price-to-Earnings Ratio (TTM)

GS

13.98

Capital Markets Industry

Max: 58.89
Q3: 31.00
Median: 18.54
Q1: 12.09
Min: 5.24

GS’s P/E Ratio of 13.98 is within the middle range for the Capital Markets industry. This suggests its valuation is in line with the sector average, representing neither a significant premium nor a discount compared to its peers.

SPOT

151.28

Entertainment Industry

Max: 53.51
Q3: 45.31
Median: 33.16
Q1: 18.21
Min: 3.89

At 151.28, SPOT’s P/E Ratio is exceptionally high, exceeding the typical maximum for the Entertainment industry. This suggests the stock may be significantly overvalued compared to its peers and implies high market expectations that could be difficult to meet.

GS vs. SPOT: A comparison of their Price-to-Earnings Ratio (TTM) against their respective Capital Markets and Entertainment industry benchmarks.

Price-to-Sales Ratio (TTM)

GS

1.72

Capital Markets Industry

Max: 14.49
Q3: 7.41
Median: 4.68
Q1: 2.25
Min: 0.04

In the lower quartile for the Capital Markets industry, GS’s P/S Ratio of 1.72 indicates its revenue is valued more conservatively than most of its peers. This could present a compelling opportunity if the market has overlooked its sales-generating capabilities.

SPOT

7.34

Entertainment Industry

Max: 12.81
Q3: 7.20
Median: 4.68
Q1: 3.32
Min: 0.79

SPOT’s P/S Ratio of 7.34 is in the upper echelon for the Entertainment industry. This means the company is valued richly on its revenue stream compared to its peers, suggesting the stock is priced for a high level of future performance.

GS vs. SPOT: A comparison of their Price-to-Sales Ratio (TTM) against their respective Capital Markets and Entertainment industry benchmarks.

Price-to-Book Ratio (MRQ)

GS

1.75

Capital Markets Industry

Max: 9.48
Q3: 4.94
Median: 2.42
Q1: 1.21
Min: 0.38

GS’s P/B Ratio of 1.75 is within the conventional range for the Capital Markets industry. This shows a balanced market view, where the stock’s price is neither at a significant premium nor a discount to the book value of its peers.

SPOT

20.34

Entertainment Industry

Max: 17.11
Q3: 8.38
Median: 5.24
Q1: 2.18
Min: 0.67

At 20.34, SPOT’s P/B Ratio is at an extreme premium to the Entertainment industry. This signifies that the market’s valuation is heavily reliant on future potential rather than its current net asset value, which can be a high-risk proposition.

GS vs. SPOT: A comparison of their Price-to-Book Ratio (MRQ) against their respective Capital Markets and Entertainment industry benchmarks.

Valuation at a Glance

Symbol	GS	SPOT
Price-to-Earnings Ratio (TTM)	13.98	151.28
Price-to-Sales Ratio (TTM)	1.72	7.34
Price-to-Book Ratio (MRQ)	1.75	20.34
Price-to-Free Cash Flow Ratio (TTM)	4.24	43.24