Spotify Technology S.A. (SPOT)

Spotify Technology Ratios and Metrics

Market cap in millions USD. Fiscal year is January - December.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	May 14, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Market Capitalization	128,825	90,406	36,669	15,248	44,829	59,655
Market Cap Growth	115.13%	146.55%	140.49%	-65.99%	-24.85%	122.76%
Enterprise Value	121,984	86,246	34,889	13,480	43,242	58,367
Last Close Price	620.07	447.38	187.91	78.95	234.03	314.66
PE Ratio	102.65	76.73	-	-	-	-
Forward PE	55.80	52.59	114.59	-	-	-
PS Ratio	7.15	5.57	2.50	1.22	4.08	6.19
PB Ratio	18.83	15.81	13.15	5.94	18.60	17.39
P/TBV Ratio	23.26	20.38	25.23	12.68	33.78	24.32
P/FCF Ratio	43.53	38.23	49.22	679.39	142.82	269.44
P/OCF Ratio	44.75	37.95	48.79	310.16	109.19	188.29
EV/Sales Ratio	6.96	5.32	2.38	1.08	3.93	6.06
EV/EBITDA Ratio	62.63	56.40	3945.55	-	172.05	-
EV/EBIT Ratio	64.53	59.17	-	-	404.49	-
EV/FCF Ratio	41.77	36.47	46.83	600.61	137.76	263.62
Debt / Equity Ratio	0.35	0.38	0.70	0.73	0.86	0.22
Debt / EBITDA Ratio	1.18	1.36	27.52	-	8.26	-
Debt / FCF Ratio	0.83	0.91	2.61	82.91	6.61	3.36
Asset Turnover	1.49	1.54	1.66	1.58	1.43	1.38
Quick Ratio	1.30	1.70	1.19	1.15	1.26	0.67
Current Ratio	1.48	1.88	1.29	1.24	1.36	0.82
Return on Equity (ROE)	24.40%	28.28%	-21.61%	-19.03%	-1.38%	-24.00%
Return on Assets (ROA)	10.05%	8.65%	-0.64%	-5.56%	0.87%	-3.20%
Return on Capital (ROIC)	16.12%	14.81%	-1.22%	-10.19%	1.60%	-6.03%
Return on Capital Employed (ROCE)	26.00%	18.60%	-	-	2.40%	-
Earnings Yield	0.99%	1.30%	-1.60%	-3.01%	-0.09%	-1.19%
FCF Yield	2.30%	2.62%	2.03%	0.15%	0.70%	0.37%
Buyback Yield / Dilution	-6.51%	-6.30%	0.57%	-0.98%	-3.39%	-3.66%

Updated Feb 5, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q