Bringing the fundamentals into focus…
Back to Spotify Technology S.A.
How Spotify Technology S.A. stacks up
SPOT · against 15 other Communication Services companies of similar size
Profitability
93/ 100
Above the middle of the pack.
Ranked #5 of 16 · scores higher than 73% of peers
Bars: peers in each 10-point band of the profitability score5 peers with a profitability score of 90–100, including SPOT · Click a bar to see the companies
Why profitability scores 93?
Weighted metrics compared with all Communication Services companies.Mainly thanks to its return on assets, return on invested capital and operating margin, which are stronger than most Communication Services peers.
- a wider operating margin: stronger than 63% of peers. Operating margin: 12.8% vs peer median 8.2%
- a higher return on invested capital: stronger than 93% of peers. Return on invested capital: 38.3% vs peer median 6.0%
- a higher return on assets: stronger than 95% of peers. Return on assets: 14.7% vs peer median 2.7%
Metric by metric
Position: dot = SPOT, ranked from the worst peer (left) to the best (right); tick = middle, shaded = middle half of peers.| Metric | SPOT | Peer median | Better than | Position among peers | Weight |
|---|---|---|---|---|---|
| Return on invested capitalHigher is better · 16 reported | 38.3% | 11.1% | 80% | 33% | |
| Operating marginHigher is better · 16 reported | 12.8% | 19.1% | 7% | 33% | |
| Return on assetsHigher is better · 15 reported | 14.7% | 4.9% | 79% | 33% | |
| Return on equityHigher is better · 15 reported | 44.5% | 18.3% | 93% | Context only | |
| Gross marginHigher is better · 16 reported | 32.8% | 59.6% | 7% | Context only |
Ranking by profitability score
Top 5 and the companies ranked around SPOT| Rank | Company | Market cap | Profitability | Overall |
|---|---|---|---|---|
| 1 | 82.5B USD | 99 | 70 | |
| 2 | 24.96T JPY (≈$169.7B) | 98 | 60 | |
| 3 | 9.39T JPY (≈$63.9B) | 97 | 78 | |
| 4 | 74.4B USD | 95 | 75 | |
| 5 | 123.4B USD | 93 | 58 | |
| 6 | 12.88T INR (≈$154.6B) | 88 | 56 | |
| 7 | 73.9B USD | 77 | 58 | |
| 8 | 123.5B EUR (≈$135.9B) | 75 | 53 | |
| 9 | 165.6B USD | 70 | 55 |
Scores are sector-relative percentiles from the latest snapshot, always calculated against the whole sector: narrowing the comparison group changes who you compare with, not the scores. Missing metrics are left out and the remaining weights rescaled. How we score