COMP <GO>
SPOT vs GOOG // EV/EBITDA & P/E VALUATION
Spotify Technology S.A. (NYSE) VS. Alphabet Inc. (Class C) (NASDAQ) • 15-METRIC TALLY: SPOT 3
— GOOG 10
▲ EV/EBITDA & P/E VALUATION LEADER: GOOG
LAST: $593.44 (+6.50%) • MKT CAP: $117.43B
valuation
21.0x
LAST: $278.22 (-1.45%) • MKT CAP: $3.47T
valuation
19.9x
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (SPOT VS. GOOG)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | SPOT | GOOG | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | — | 60.86% | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 9.90% | 16.59% | -6.69 | GOOG | /roic <GO> |
| EV/EBITDA & P/E Valuation ACTIVE | 21.0x | 19.9x | +1.07 | GOOG | /valuation <GO> |
| Free Cash Flow Yield | 2.21% | 0.58% | +1.63 | SPOT | /fcf-yield <GO> |
| Operating Margin | 13.90% | 33.32% | -19.42 | GOOG | /operating-margins <GO> |
| Net Profit Margin | 10.90% | 50.03% | -39.13 | GOOG | /net-margins <GO> |
| Revenue Growth (YoY) | -3.30% | 22.21% | -25.51 | GOOG | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.31% | -0.31 | GOOG | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | 3.74 | 8.30 | -4.56 | GOOG | /balance-sheet <GO> |
| Piotroski F-Score Quality | 7/9 | 6/9 | +1.00 | SPOT | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 54.3 | 24.8 | +29.50 | SPOT | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 0.94 | 1.16 | -0.22 | GOOG | /macro-sensitivity <GO> |
| Forward P/E Multiple | 30.5x | 21.4x | +9.11 | GOOG | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $117.43B | $3.47T | -$3.35T | GOOG | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | SPOT REV | GOOG REV | SPOT GROSS % | GOOG GROSS % | SPOT FCF | GOOG FCF |
|---|---|---|---|---|---|---|
| FY 2025 | — | $402.84B | — | 59.7% | — | $73.27B |
| FY 2024 | — | $350.02B | — | 58.2% | — | $72.76B |
| FY 2023 | — | $307.39B | — | — | — | $87.91B |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
SPOT // BETA 0.94
GOOG // BETA 1.16