Which has the lower trailing P/E, NFLX or SPOT?

NFLX has the lower trailing P/E: NFLX trades at 24.62 and SPOT at 34.81. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, NFLX or SPOT?

Over the past five years, SPOT grew revenue faster — NFLX at a 11.89% CAGR versus SPOT at 15.47%.

Is NFLX or SPOT more profitable?

NFLX runs the higher net margin — NFLX at 28.22% versus SPOT at 18.50%.

How have NFLX and SPOT total returns compared?

Over the past 5 years, NFLX delivered 5.27% and SPOT delivered 16.23% annualized total return. Past performance doesn't predict future results.

Netflix, Inc. (NFLX) vs Spotify Technology S.A. (SPOT)

A side-by-side comparison of Netflix, Inc. and Spotify Technology S.A. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 13, 2026. Differences are shown without an overall score or investment verdict.

NFLX

Netflix, Inc.

$325.98B

$78.29Communication ServicesDelayed quote: Sep 15, 2026, 1:20 PM EDT

SPOT

Spotify Technology S.A.

$114.72B

$558.04Communication ServicesDelayed quote: Sep 15, 2026, 1:20 PM EDT

Total return — NFLX vs SPOT

growth of $100 · dividends reinvested · last 8y

NFLX +162.0% (+12.8%/yr)SPOT +252.8% (+17.1%/yr)SPOT compounded faster over this window

NFLX SPOT

NFLX vs SPOT: by the numbers

•NFLX is the larger company ($325.98B vs $114.72B market cap).
•NFLX trades at the lower trailing earnings multiple (24.62 vs 34.81 P/E), one valuation lens rather than an overall verdict.
•NFLX converts more revenue to profit (28.22% vs 18.50% net margin).
•SPOT grew revenue faster over the past five years (15.47% vs 11.89% CAGR).

Metrics side by side

Valuation

Metric	NFLX	SPOT
P/E ratio	24.62	34.81
Forward P/E	21.76	N/A
P/S ratio	6.74	5.46
P/B ratio	10.81	11.98
EV / EBITDA	10.34	33.89
FCF yield	3.37%	3.32%

Profitability

Metric	NFLX	SPOT
Gross margin	49.12%	32.79%
Operating margin	29.68%	14.65%
Net margin	28.22%	18.50%
ROE	45.27%	40.61%
ROIC	24.34%	29.14%

Growth (annualized)

Metric	NFLX	SPOT
Revenue CAGR (5Y)	11.89%	15.47%
EPS CAGR (5Y)	32.58%	N/A
FCF CAGR (5Y)	51.23%	66.33%
Total return CAGR (5Y)	5.27%	16.23%

Frequently asked

Which has the lower trailing P/E, NFLX or SPOT?: NFLX has the lower trailing P/E: NFLX trades at 24.62 and SPOT at 34.81. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, NFLX or SPOT?: Over the past five years, SPOT grew revenue faster — NFLX at a 11.89% CAGR versus SPOT at 15.47%.
Is NFLX or SPOT more profitable?: NFLX runs the higher net margin — NFLX at 28.22% versus SPOT at 18.50%.
How have NFLX and SPOT total returns compared?: Over the past 5 years, NFLX delivered 5.27% and SPOT delivered 16.23% annualized total return. Past performance doesn't predict future results.

Go deeper

Full NFLX analysis Full SPOT analysis Interactive comparison tool

Dig into the metrics

Netflix P/E ratio Spotify Technology P/E ratio Netflix ROE Spotify Technology ROE Netflix operating margin Spotify Technology operating margin Netflix revenue growth Spotify Technology revenue growth Netflix free cash flow Spotify Technology free cash flow

Netflix & Spotify Technology appear in these rankings

Fastest Revenue Growth Stocks Highest ROE Stocks Highest ROIC Stocks Highest 10-Year Total Return Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified September 13, 2026.