NFLX vs. SPOT: Netflix vs. Spotify Technology Stock Comparison
How do Netflix (NFLX) and Spotify Technology (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
Netflix (NFLX) and Spotify Technology (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 | NFLX | SPOT |
|---|---|---|
| Name | Netflix, Inc. | 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 | 300.65 billion USD | 94.41 billion USD |
| Currency | USD | USD |
| Exchange | Nasdaq | NYSE |
| Listing Date | May 23, 2002 | April 3, 2018 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Performance Metrics
| Metric | NFLX | SPOT |
|---|---|---|
| Total Return (1Y) | -46.68% | -40.17% |
Risk Profile
Drawdown History
Risk Metrics
| Metric | NFLX | SPOT |
|---|---|---|
| Volatility (1Y, Annualized) | 34.01% | 45.29% |
| Beta (5Y) | 1.52 | 1.56 |
| Avg. Volume (3M) | 41.11M | 2.13M |
Risk-Adjusted Performance
Risk-Return Positioning
Profitability
ROE (TTM)
Both companies show strong equity returns, but Netflix (NFLX) at 48.50% is the standout with ROE above its industry range; Spotify Technology (SPOT) at 37.99% also sits in the top quartile.
NFLX
Media & Entertainment industry group
48.50%
- NFLX
- 48.50%
- Max
- 38.89%
- Q3
- 15.20%
- Median
- 6.34%
- Q1
- -4.34%
- Min
- -29.59%
SPOT
Media & Entertainment industry group
37.99%
- Max
- 38.89%
- SPOT
- 37.99%
- Q3
- 15.20%
- Median
- 6.34%
- Q1
- -4.34%
- Min
- -29.59%
Net Margin (TTM)
For every dollar of sales, both Netflix (NFLX) at 28.52% and Spotify Technology (SPOT) at 15.45% retain more as net profit than most peers, landing in the top net margin quartile of their industries.
NFLX
Media & Entertainment industry group
28.52%
- Max
- 30.77%
- NFLX
- 28.52%
- Q3
- 10.56%
- Median
- 3.30%
- Q1
- -3.48%
- Min
- -24.17%
SPOT
Media & Entertainment industry group
15.45%
- Max
- 30.77%
- SPOT
- 15.45%
- Q3
- 10.56%
- Median
- 3.30%
- Q1
- -3.48%
- Min
- -24.17%
Operating Margin (TTM)
Netflix (NFLX) at 32.30% operates in the top operating margin quartile, ahead of Spotify Technology (SPOT) at 15.77%, which runs around its industry’s norm.
NFLX
Media & Entertainment industry group
32.30%
- Max
- 41.37%
- NFLX
- 32.30%
- Q3
- 17.31%
- Median
- 7.79%
- Q1
- -3.29%
- Min
- -27.39%
SPOT
Media & Entertainment industry group
15.77%
- Max
- 41.37%
- Q3
- 17.31%
- SPOT
- 15.77%
- Median
- 7.79%
- Q1
- -3.29%
- Min
- -27.39%
Profitability Metrics
| Metric | NFLX | SPOT |
|---|---|---|
| ROE (TTM) | 48.50% | 37.99% |
| ROA (TTM) | 15.40% | 11.64% |
| Net Margin (TTM) | 28.52% | 15.45% |
| Operating Margin (TTM) | 32.30% | 15.77% |
| Gross Margin (TTM) | 49.03% | 32.32% |
Growth
Revenue Growth
Revenue Growth Metrics
| Metric | NFLX | SPOT |
|---|---|---|
| Revenue Growth (YoY) | 15.85% | 9.65% |
| Revenue Growth (3Y CAGR) | 12.64% | 13.59% |
EPS Growth
EPS Growth Metrics
| Metric | NFLX | SPOT |
|---|---|---|
| EPS Growth (YoY) | 27.58% | 91.09% |
| EPS Growth (3Y CAGR) | 36.49% | -- |
Financial Strength
Current Ratio (MRQ)
Both Netflix (NFLX) at 1.41 and Spotify Technology (SPOT) at 2.06 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.
NFLX
Media & Entertainment industry group
1.41
- Max
- 4.37
- Q3
- 2.32
- NFLX
- 1.41
- Median
- 1.41
- Q1
- 0.90
- Min
- 0.31
SPOT
Media & Entertainment industry group
2.06
- Max
- 4.37
- Q3
- 2.32
- SPOT
- 2.06
- Median
- 1.41
- Q1
- 0.90
- Min
- 0.31
Debt / Equity (MRQ)
Spotify Technology (SPOT) at 0.06 keeps leverage in the lower industry quartile, while Netflix (NFLX) at 0.54 runs a more typical debt-to-equity mix.
NFLX
Media & Entertainment industry group
0.54
- Max
- 2.46
- Q3
- 1.30
- NFLX
- 0.54
- Median
- 0.52
- Q1
- 0.16
- Min
- 0.00
SPOT
Media & Entertainment industry group
0.06
- Max
- 2.46
- Q3
- 1.30
- Median
- 0.52
- Q1
- 0.16
- SPOT
- 0.06
- Min
- 0.00
Financial Strength Metrics
| Metric | NFLX | SPOT |
|---|---|---|
| Current Ratio (MRQ) | 1.41 | 2.06 |
| Debt / Equity (MRQ) | 0.54 | 0.06 |
| Net Debt / EBITDA | 0.31 | -2.38 |
Dividends
Dividend Yield (TTM)
Neither Netflix (NFLX) nor Spotify Technology (SPOT) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.
NFLX
Media & Entertainment industry group
0.00%
- Max
- 2.04%
- Q3
- 1.04%
- NFLX
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
SPOT
Media & Entertainment industry group
0.00%
- Max
- 2.04%
- Q3
- 1.04%
- SPOT
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Neither Netflix (NFLX) nor Spotify Technology (SPOT) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.
NFLX
Media & Entertainment industry group
0.00%
- Max
- 45.76%
- Q3
- 21.24%
- NFLX
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
SPOT
Media & Entertainment industry group
0.00%
- Max
- 45.76%
- Q3
- 21.24%
- SPOT
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | NFLX | SPOT |
|---|---|---|
| Dividend Yield (TTM) | 0.00% | 0.00% |
| Dividend Payout Ratio (TTM) | 0.00% | 0.00% |
Valuation
P/E Ratio (TTM)
Both Netflix (NFLX) at 23.03 and Spotify Technology (SPOT) at 31.25 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.
NFLX
Media & Entertainment industry group
23.03
- Max
- 76.08
- Q3
- 38.11
- NFLX
- 23.03
- Median
- 21.79
- Q1
- 11.83
- Min
- 1.57
SPOT
Media & Entertainment industry group
31.25
- Max
- 76.08
- Q3
- 38.11
- SPOT
- 31.25
- Median
- 21.79
- Q1
- 11.83
- Min
- 1.57
P/S Ratio (TTM)
Both Netflix (NFLX) at 6.41 and Spotify Technology (SPOT) at 5.39 command a richer price per dollar of sales than most peers, sitting in the upper P/S ratio quartile of their industries.
NFLX
Media & Entertainment industry group
6.41
- Max
- 7.60
- NFLX
- 6.41
- Q3
- 3.81
- Median
- 1.44
- Q1
- 0.61
- Min
- 0.00
SPOT
Media & Entertainment industry group
5.39
- Max
- 7.60
- SPOT
- 5.39
- Q3
- 3.81
- Median
- 1.44
- Q1
- 0.61
- Min
- 0.00
P/B Ratio (MRQ)
Both Netflix (NFLX) at 9.66 and Spotify Technology (SPOT) at 10.35 carry a premium to book value versus peers, sitting in the upper P/B ratio quartile of their industries.
NFLX
Media & Entertainment industry group
9.66
- Max
- 10.50
- NFLX
- 9.66
- Q3
- 4.87
- Median
- 1.80
- Q1
- 0.81
- Min
- -3.65
SPOT
Media & Entertainment industry group
10.35
- Max
- 10.50
- SPOT
- 10.35
- Q3
- 4.87
- Median
- 1.80
- Q1
- 0.81
- Min
- -3.65
Valuation Metrics
| Metric | NFLX | SPOT |
|---|---|---|
| P/E Ratio (TTM) | 23.03 | 31.25 |
| P/S Ratio (TTM) | 6.41 | 5.39 |
| P/B Ratio (MRQ) | 9.66 | 10.35 |
| Free Cash Flow Yield (TTM) | 8.65% | 0.75% |