Netflix (NFLX) vs. Spotify Technology (SPOT)
This page compares Netflix (NFLX) with Spotify Technology (SPOT) using historical performance, profitability, financial strength, growth, dividend, and valuation metrics.
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.
| Symbol | NFLX | SPOT |
|---|---|---|
| Company 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 | 376.15 billion USD | 90.80 billion USD |
| Currency | USD | USD |
| Exchange | NasdaqGS | NYSE |
| Listing Date | May 23, 2002 | April 3, 2018 |
| Security Type | Common Stock | Common Stock |
Historical Performance
Historical Performance at a Glance
| Symbol | NFLX | SPOT |
|---|---|---|
| 5-Day Price Return | 2.02% | 2.48% |
| 13-Week Price Return | 16.01% | -4.59% |
| 26-Week Price Return | -21.39% | -30.96% |
| 52-Week Price Return | -25.03% | -33.56% |
| Month-to-Date Return | -4.57% | -1.11% |
| Year-to-Date Return | -4.72% | -23.96% |
| 10-Day Avg. Volume | 35.58M | 2.03M |
| 3-Month Avg. Volume | 46.39M | 2.65M |
| 3-Month Volatility | 43.51% | 46.99% |
| Beta | 1.55 | 1.55 |
Profitability
Return on Equity (TTM)
Both Netflix (NFLX) at 49.24% and Spotify Technology (SPOT) at 35.23% rank in the top quartile for Return on Equity (TTM) among industry peers, indicating strong returns on shareholders’ equity.
NFLX
Media & Entertainment industry group
49.24%
- Max
- 53.39%
- Q3
- 18.85%
- Median
- 7.25%
- Q1
- -4.25%
- Min
- -34.48%
SPOT
Media & Entertainment industry group
35.23%
- Max
- 53.39%
- Q3
- 18.85%
- Median
- 7.25%
- Q1
- -4.25%
- Min
- -34.48%
Net Profit Margin (TTM)
Both Netflix (NFLX) at 28.52% and Spotify Technology (SPOT) at 15.45% rank in the top quartile for Net Profit Margin (TTM) among industry peers, indicating both companies convert revenue into net income more strongly than typical competitors.
NFLX
Media & Entertainment industry group
28.52%
- Max
- 33.60%
- Q3
- 12.38%
- Median
- 5.66%
- Q1
- -1.87%
- Min
- -21.01%
SPOT
Media & Entertainment industry group
15.45%
- Max
- 33.60%
- Q3
- 12.38%
- Median
- 5.66%
- Q1
- -1.87%
- Min
- -21.01%
Operating Profit Margin (TTM)
Netflix (NFLX) at 23.75% ranks in the top quartile for Operating Profit Margin (TTM), ahead of Spotify Technology (SPOT) at 13.71%, which sits closer to the industry mid-range.
NFLX
Media & Entertainment industry group
23.75%
- Max
- 32.69%
- Q3
- 15.15%
- Median
- 8.94%
- Q1
- 1.27%
- Min
- -16.27%
SPOT
Media & Entertainment industry group
13.71%
- Max
- 32.69%
- Q3
- 15.15%
- Median
- 8.94%
- Q1
- 1.27%
- Min
- -16.27%
Profitability at a Glance
| Symbol | NFLX | SPOT |
|---|---|---|
| Return on Equity (TTM) | 49.24% | 35.23% |
| Return on Assets (TTM) | 23.81% | 19.24% |
| Net Profit Margin (TTM) | 28.52% | 15.45% |
| Operating Profit Margin (TTM) | 23.75% | 13.71% |
| Gross Profit Margin (TTM) | 49.03% | 32.32% |
Financial Strength
Current Ratio (MRQ)
Netflix (NFLX) at 1.41 keeps Current Ratio (MRQ) within its industry mid-range, while Spotify Technology (SPOT) at 2.06 sits above the industry mid-range — comfortable liquidity, though possibly with more idle current assets relative to peers.
NFLX
Media & Entertainment industry group
1.41
- Max
- 3.45
- Q3
- 1.93
- Median
- 1.41
- Q1
- 0.89
- Min
- 0.32
SPOT
Media & Entertainment industry group
2.06
- Max
- 3.45
- Q3
- 1.93
- Median
- 1.41
- Q1
- 0.89
- Min
- 0.32
Debt-to-Equity Ratio (MRQ)
Spotify Technology (SPOT) at 0.05 maintains Debt-to-Equity Ratio (MRQ) in the lower-leverage quartile of industry peers, ahead of Netflix (NFLX) at 0.46, which sits around the industry mid-range.
NFLX
Media & Entertainment industry group
0.46
- Max
- 3.56
- Q3
- 1.56
- Median
- 0.59
- Q1
- 0.08
- Min
- 0.00
SPOT
Media & Entertainment industry group
0.05
- Max
- 3.56
- Q3
- 1.56
- Median
- 0.59
- Q1
- 0.08
- Min
- 0.00
Interest Coverage Ratio (TTM)
Both Netflix (NFLX) at 22.06 and Spotify Technology (SPOT) at 38.25 post Interest Coverage Ratio (TTM) above their industry benchmark ranges, indicating wide cushions to cover interest expense from operating income or EBIT.
NFLX
Media & Entertainment industry group
22.06
- Max
- 15.94
- Q3
- 6.46
- Median
- 2.12
- Q1
- 0.10
- Min
- -7.25
SPOT
Media & Entertainment industry group
38.25
- Max
- 15.94
- Q3
- 6.46
- Median
- 2.12
- Q1
- 0.10
- Min
- -7.25
Financial Strength at a Glance
| Symbol | NFLX | SPOT |
|---|---|---|
| Current Ratio (MRQ) | 1.41 | 2.06 |
| Quick Ratio (MRQ) | 1.41 | 2.06 |
| Debt-to-Equity Ratio (MRQ) | 0.46 | 0.05 |
| Interest Coverage Ratio (TTM) | 22.06 | 38.25 |
Growth
Revenue Growth
Revenue Growth at a Glance
| Symbol | NFLX | SPOT |
|---|---|---|
| Revenue Growth (MRQ vs Prior YoY) | 16.19% | 8.19% |
| Revenue Growth (TTM vs Prior YoY) | 16.72% | 8.02% |
| 3-Year Revenue CAGR | 12.64% | 13.59% |
| 5-Year Revenue CAGR | 12.57% | 16.88% |
EPS Growth
EPS Growth at a Glance
| Symbol | NFLX | SPOT |
|---|---|---|
| EPS Growth (MRQ vs Prior YoY) | 85.79% | 221.91% |
| EPS Growth (TTM vs Prior YoY) | 46.23% | 129.12% |
| 3-Year EPS CAGR | 36.44% | -- |
| 5-Year EPS CAGR | 32.98% | -- |
Dividend
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
- 2.40%
- Q3
- 1.01%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
SPOT
Media & Entertainment industry group
0.00%
- Max
- 2.40%
- Q3
- 1.01%
- 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
- 40.95%
- Q3
- 16.81%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
SPOT
Media & Entertainment industry group
0.00%
- Max
- 40.95%
- Q3
- 16.81%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend at a Glance
| Symbol | NFLX | SPOT |
|---|---|---|
| Dividend Yield (TTM) | 0.00% | 0.00% |
| Dividend Payout Ratio (TTM) | 0.00% | 0.00% |
Valuation
Price-to-Earnings Ratio (TTM)
Both Netflix (NFLX) at 28.33 and Spotify Technology (SPOT) at 28.73 post Price-to-Earnings Ratio (TTM) near the typical industry midpoint — neither company stands out strongly from peers on trailing earnings multiple.
NFLX
Media & Entertainment industry group
28.33
- Max
- 73.24
- Q3
- 40.37
- Median
- 22.66
- Q1
- 12.50
- Min
- 1.01
SPOT
Media & Entertainment industry group
28.73
- Max
- 73.24
- Q3
- 40.37
- Median
- 22.66
- Q1
- 12.50
- Min
- 1.01
Price-to-Sales Ratio (TTM)
Spotify Technology (SPOT) at 4.44 carries typical industry Price-to-Sales Ratio (TTM), while Netflix (NFLX) at 8.08 sits in the higher-multiple quartile — NFLX carries a higher trailing revenue multiple relative to peers.
NFLX
Media & Entertainment industry group
8.08
- Max
- 9.67
- Q3
- 4.46
- Median
- 1.77
- Q1
- 0.80
- Min
- 0.15
SPOT
Media & Entertainment industry group
4.44
- Max
- 9.67
- Q3
- 4.46
- Median
- 1.77
- Q1
- 0.80
- Min
- 0.15
Price-to-Book Ratio (MRQ)
Both Netflix (NFLX) at 13.01 and Spotify Technology (SPOT) at 10.72 sit above their industries’ benchmark ranges for Price-to-Book Ratio (MRQ), pointing to unusually high book-value multiples relative to peers.
NFLX
Media & Entertainment industry group
13.01
- Max
- 10.00
- Q3
- 4.71
- Median
- 2.29
- Q1
- 1.18
- Min
- 0.20
SPOT
Media & Entertainment industry group
10.72
- Max
- 10.00
- Q3
- 4.71
- Median
- 2.29
- Q1
- 1.18
- Min
- 0.20
Valuation at a Glance
| Symbol | NFLX | SPOT |
|---|---|---|
| Price-to-Earnings Ratio (TTM) | 28.33 | 28.73 |
| Price-to-Sales Ratio (TTM) | 8.08 | 4.44 |
| Price-to-Book Ratio (MRQ) | 13.01 | 10.72 |
| Price-to-Free Cash Flow Ratio (TTM) | 31.85 | 24.54 |