Is NFLX or SPOT cheaper?

On trailing earnings, NFLX is cheaper: NFLX trades at a 25.92 P/E and SPOT at 38.40.

Which has grown faster, NFLX or SPOT?

Over the past five years, SPOT grew revenue faster — NFLX at a 12.18% CAGR versus SPOT at 16.40%.

Is NFLX or SPOT more profitable?

NFLX runs the higher net margin — NFLX at 28.52% versus SPOT at 15.43%.

Which has been the better investment, NFLX or SPOT?

Over the past 5-year, NFLX delivered the higher annualized total return — NFLX at 23.95% versus SPOT at 14.61%. Past performance doesn't predict future results.

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

NFLX leads on 8 of 14 compared metrics.

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 June 15, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

NFLX

Netflix, Inc.

$338.30B

$80.34Communication Services

SPOT

Spotify Technology S.A.

$99.11B

$482.00Communication Services

Total return — NFLX vs SPOT

growth of $100 · last 8y

NFLX +183.2%SPOT +223.5%SPOT compounded faster

NFLX SPOT

NFLX vs SPOT: by the numbers

•NFLX is the larger company ($338.30B vs $99.11B market cap).
•NFLX trades at the lower earnings multiple (25.92 vs 38.40 P/E).
•NFLX converts more revenue to profit (28.52% vs 15.43% net margin).
•SPOT grew revenue faster over the past five years (16.40% vs 12.18% CAGR).

Which is better, NFLX or SPOT?

Metric tally: NFLX 8 · SPOT 6

It depends on what you're optimizing for:

ValueNFLX(lower P/E)

GrowthSPOT(faster 5Y revenue CAGR)

QualityNFLX(higher ROIC)

Metrics side by side

Valuation

Metric	NFLX	SPOT
P/E ratio	25.92●	38.40
Forward P/E	20.96●	30.56
P/S ratio	7.36	4.92●
P/B ratio	11.09	10.89
PEG ratio	1.33	0.51●
EV / EBITDA	10.28●	27.54
FCF yield	3.44%	3.69%●

Profitability

Metric	NFLX	SPOT
Gross margin	49.03%●	32.31%
Operating margin	29.72%●	13.70%
Net margin	28.52%●	15.43%
ROE	42.97%●	34.17%
ROIC	25.22%●	21.05%

Growth (annualized)

Metric	NFLX	SPOT
Revenue CAGR (5Y)	12.18%	16.40%●
EPS CAGR (5Y)	32.58%	—
FCF CAGR (5Y)	37.02%	66.97%●
Total return CAGR (5Y)	10.44%	14.61%●

Frequently asked

Which is better, NFLX or SPOT?: It depends on your goal. value: NFLX (lower P/E); growth: SPOT (faster 5Y revenue CAGR); quality: NFLX (higher ROIC). Across all compared metrics, NFLX leads 8 to 6.
Is NFLX or SPOT cheaper?: On trailing earnings, NFLX is cheaper: NFLX trades at a 25.92 P/E and SPOT at 38.40.
Which has grown faster, NFLX or SPOT?: Over the past five years, SPOT grew revenue faster — NFLX at a 12.18% CAGR versus SPOT at 16.40%.
Is NFLX or SPOT more profitable?: NFLX runs the higher net margin — NFLX at 28.52% versus SPOT at 15.43%.
Which has been the better investment, NFLX or SPOT?: Over the past 5-year, NFLX delivered the higher annualized total return — NFLX at 23.95% versus SPOT at 14.61%. 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 dividend yield Spotify Technology dividend yield 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 Best 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 June 15, 2026.