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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Market Capitalization	110,381	90,406	36,669	15,248	44,829	59,655
Market Cap Growth	146.55%	146.55%	140.49%	-65.99%	-24.85%	122.76%
Enterprise Value	104,942	86,246	34,889	13,480	43,242	58,367
Last Close Price	561.16	447.38	187.91	78.95	234.03	314.66
PE Ratio	94.47	76.73	-	-	-	-
Forward PE	48.44	52.59	114.59	-	-	-
PS Ratio	6.94	5.57	2.50	1.22	4.08	6.19
PB Ratio	20.00	15.81	13.15	5.94	18.60	17.39
P/TBV Ratio	20.38	20.38	25.23	12.68	33.78	24.32
P/FCF Ratio	44.51	38.23	49.22	679.39	142.82	269.44
P/OCF Ratio	46.08	37.95	48.79	310.16	109.19	188.29
EV/Sales Ratio	6.47	5.32	2.38	1.08	3.93	6.06
EV/EBITDA Ratio	68.63	56.40	3945.55	-	172.05	-
EV/EBIT Ratio	71.99	59.17	-	-	404.49	-
EV/FCF Ratio	42.55	36.47	46.83	600.61	137.76	263.62
Debt / Equity Ratio	0.38	0.38	0.70	0.73	0.86	0.22
Debt / EBITDA Ratio	1.36	1.36	27.52	-	8.26	-
Debt / FCF Ratio	0.91	0.91	2.61	82.91	6.61	3.36
Asset Turnover	1.54	1.54	1.66	1.58	1.43	1.38
Quick Ratio	1.70	1.70	1.19	1.15	1.26	0.67
Current Ratio	1.88	1.88	1.29	1.24	1.36	0.82
Return on Equity (ROE)	28.28%	28.28%	-21.61%	-19.03%	-1.38%	-24.00%
Return on Assets (ROA)	8.65%	8.65%	-0.64%	-5.56%	0.87%	-3.20%
Return on Capital (ROIC)	14.81%	14.81%	-1.22%	-10.19%	1.60%	-6.03%
Return on Capital Employed (ROCE)	18.60%	18.60%	-	-	2.40%	-
Earnings Yield	1.07%	1.30%	-1.60%	-3.01%	-0.09%	-1.19%
FCF Yield	2.25%	2.62%	2.03%	0.15%	0.70%	0.37%
Buyback Yield / Dilution	-6.30%	-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