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	Aug 13, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Market Capitalization	143,016	90,406	36,669	15,248	44,829	59,655
Market Cap Growth	151.91%	146.55%	140.49%	-65.99%	-24.85%	122.76%
Enterprise Value	137,847	86,246	34,889	13,480	43,242	58,367
Last Close Price	695.00	447.38	187.91	78.95	234.03	314.66
PE Ratio	154.03	76.73	-	-	-	-
Forward PE	61.08	52.59	114.59	-	-	-
PS Ratio	7.25	5.57	2.50	1.22	4.08	6.19
PB Ratio	18.38	15.81	13.15	5.94	18.60	17.39
P/TBV Ratio	22.04	20.38	25.23	12.68	33.78	24.32
P/FCF Ratio	43.30	38.23	49.22	679.39	142.82	269.44
P/OCF Ratio	42.79	37.95	48.79	310.16	109.19	188.29
EV/Sales Ratio	7.07	5.32	2.38	1.08	3.93	6.06
EV/EBITDA Ratio	60.94	56.40	3945.55	-	172.05	-
EV/EBIT Ratio	62.14	59.17	-	-	404.49	-
EV/FCF Ratio	41.74	36.47	46.83	600.61	137.76	263.62
Debt / Equity Ratio	0.37	0.38	0.70	0.73	0.86	0.22
Debt / EBITDA Ratio	1.24	1.36	27.52	-	8.26	-
Debt / FCF Ratio	0.87	0.91	2.61	82.91	6.61	3.36
Asset Turnover	1.41	1.54	1.66	1.58	1.43	1.38
Quick Ratio	1.22	1.70	1.19	1.15	1.26	0.67
Current Ratio	1.47	1.88	1.29	1.24	1.36	0.82
Return on Equity (ROE)	14.81%	28.28%	-21.61%	-19.03%	-1.38%	-24.00%
Return on Assets (ROA)	10.00%	8.65%	-0.64%	-5.56%	0.87%	-3.20%
Return on Capital (ROIC)	15.53%	14.81%	-1.22%	-10.19%	1.60%	-6.03%
Return on Capital Employed (ROCE)	26.40%	18.60%	-	-	2.40%	-
Earnings Yield	0.66%	1.30%	-1.60%	-3.01%	-0.09%	-1.19%
FCF Yield	2.31%	2.62%	2.03%	0.15%	0.70%	0.37%
Buyback Yield / Dilution	-4.68%	-6.30%	0.57%	-0.98%	-3.39%	-3.66%

Updated Apr 29, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q