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

NFLX has the lower trailing P/E: NFLX trades at 22.55 and SPOT at 41.63. 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 16.40%.

Is NFLX or SPOT more profitable?

NFLX runs the higher net margin — NFLX at 28.22% versus SPOT at 15.43%.

How have NFLX and SPOT total returns compared?

Over the past 5 years, NFLX delivered 22.88% and SPOT delivered 17.17% 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 July 31, 2026. Differences are shown without an overall score or investment verdict.

NFLX

Netflix, Inc.

$298.60B

$71.71Communication ServicesDelayed quote: Jul 31, 2026, 4:00 PM EDT

SPOT

Spotify Technology S.A.

$102.80B

$499.94Communication ServicesDelayed quote: Jul 31, 2026, 4:00 PM EDT

Total return — NFLX vs SPOT

growth of $100 · dividends reinvested · last 8y

NFLX +142.8%SPOT +239.1%SPOT compounded faster

NFLX SPOT

NFLX vs SPOT: by the numbers

•NFLX is the larger company ($298.60B vs $102.80B market cap).
•NFLX trades at the lower trailing earnings multiple (22.55 vs 41.63 P/E), one valuation lens rather than an overall verdict.
•NFLX converts more revenue to profit (28.22% vs 15.43% net margin).
•SPOT grew revenue faster over the past five years (16.40% vs 11.89% CAGR).

Metrics side by side

Valuation

Metric	NFLX	SPOT
P/E ratio	22.55	41.63
Forward P/E	19.93	41.44
P/S ratio	6.32	5.33
P/B ratio	10.13	11.81
PEG ratio	1.34	0.51
EV / EBITDA	11.26	35.45
FCF yield	3.60%	3.41%

Profitability

Metric	NFLX	SPOT
Gross margin	49.12%	32.31%
Operating margin	29.68%	13.70%
Net margin	28.22%	15.43%
ROE	45.27%	34.17%
ROIC	25.22%	21.05%

Growth (annualized)

Metric	NFLX	SPOT
Revenue CAGR (5Y)	11.89%	16.40%
EPS CAGR (5Y)	32.58%	N/A
FCF CAGR (5Y)	51.23%	66.97%
Total return CAGR (5Y)	6.73%	17.17%

Frequently asked

Which has the lower trailing P/E, NFLX or SPOT?: NFLX has the lower trailing P/E: NFLX trades at 22.55 and SPOT at 41.63. 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 16.40%.
Is NFLX or SPOT more profitable?: NFLX runs the higher net margin — NFLX at 28.22% versus SPOT at 15.43%.
How have NFLX and SPOT total returns compared?: Over the past 5 years, NFLX delivered 22.88% and SPOT delivered 17.17% 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 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 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 July 31, 2026.