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

SPOT has the lower trailing P/E: ROKU trades at 66.21 and SPOT at 32.80. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, ROKU or SPOT?

Over the past five years, ROKU grew revenue faster — ROKU at a 17.55% CAGR versus SPOT at 15.47%.

Is ROKU or SPOT more profitable?

SPOT runs the higher net margin — ROKU at 6.82% versus SPOT at 18.49%.

How have ROKU and SPOT total returns compared?

Over the past 5 years, ROKU delivered -14.70% and SPOT delivered 16.28% annualized total return. Past performance doesn't predict future results.

Roku, Inc. (ROKU) vs Spotify Technology S.A. (SPOT)

A side-by-side comparison of Roku, Inc. and Spotify Technology S.A. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 10, 2026. Differences are shown without an overall score or investment verdict.

ROKU

Roku, Inc.

$22.98B

$154.93Communication ServicesDelayed quote: Sep 11, 2026, 4:00 PM EDT

SPOT

Spotify Technology S.A.

$108.09B

$525.75Communication ServicesDelayed quote: Sep 11, 2026, 4:00 PM EDT

Total return — ROKU vs SPOT

growth of $100 · dividends reinvested · last 8y

ROKU +404.1% (+22.4%/yr)SPOT +251.0% (+17.0%/yr)ROKU compounded faster over this window

ROKU SPOT

ROKU vs SPOT: by the numbers

•SPOT is the larger company ($108.09B vs $22.98B market cap).
•SPOT trades at the lower trailing earnings multiple (32.80 vs 66.21 P/E), one valuation lens rather than an overall verdict.
•SPOT converts more revenue to profit (18.49% vs 6.82% net margin).
•ROKU grew revenue faster over the past five years (17.55% vs 15.47% CAGR).

Metrics side by side

Valuation

Metric	ROKU	SPOT
P/E ratio	66.21	32.80
Forward P/E	55.57	N/A
P/S ratio	4.41	5.14
P/B ratio	8.14	11.28
EV / EBITDA	39.48	31.80
FCF yield	3.59%	3.53%

Profitability

Metric	ROKU	SPOT
Gross margin	45.50%	32.79%
Operating margin	5.25%	14.65%
Net margin	6.82%	18.49%
ROE	12.58%	40.58%
ROIC	7.56%	29.12%

Growth (annualized)

Metric	ROKU	SPOT
Revenue CAGR (5Y)	17.55%	15.47%
FCF CAGR (5Y)	35.49%	66.34%
Total return CAGR (5Y)	-14.70%	16.28%

Frequently asked

Which has the lower trailing P/E, ROKU or SPOT?: SPOT has the lower trailing P/E: ROKU trades at 66.21 and SPOT at 32.80. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, ROKU or SPOT?: Over the past five years, ROKU grew revenue faster — ROKU at a 17.55% CAGR versus SPOT at 15.47%.
Is ROKU or SPOT more profitable?: SPOT runs the higher net margin — ROKU at 6.82% versus SPOT at 18.49%.
How have ROKU and SPOT total returns compared?: Over the past 5 years, ROKU delivered -14.70% and SPOT delivered 16.28% annualized total return. Past performance doesn't predict future results.

Go deeper

Full ROKU analysis Full SPOT analysis Interactive comparison tool

Dig into the metrics

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

Roku & Spotify Technology appear in these rankings

Fastest Revenue Growth Stocks Highest ROE Stocks Highest ROIC 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 10, 2026.