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

T has the lower trailing P/E: SPOT trades at 39.41 and T at 8.11. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, SPOT or T?

Over the past five years, SPOT grew revenue faster — SPOT at a 16.40% CAGR versus T at -5.37%.

Does SPOT or T pay a bigger dividend?

T pays a dividend (4.55% yield), while SPOT has no payments in the available dividend history.

Is SPOT or T more profitable?

T runs the higher net margin — SPOT at 15.43% versus T at 16.89%.

How have SPOT and T total returns compared?

Over the past 5 years, SPOT delivered 15.87% and T delivered 4.46% annualized total return. Past performance doesn't predict future results.

Spotify Technology S.A. (SPOT) vs AT&T Inc. (T)

A side-by-side comparison of Spotify Technology S.A. and AT&T Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of July 28, 2026. Differences are shown without an overall score or investment verdict.

SPOT

Spotify Technology S.A.

$105.19B

$511.56Communication ServicesDelayed quote: Jul 28, 2026, 4:00 PM EDT

AT&T Inc.

$169.05B

$24.67Communication ServicesDelayed quote: Jul 28, 2026, 4:00 PM EDT

Total return — SPOT vs T

growth of $100 · dividends reinvested · last 8y

SPOT +232.0%T +64.4%SPOT compounded faster

SPOT T

SPOT vs T: by the numbers

•T is the larger company ($169.05B vs $105.19B market cap).
•T trades at the lower trailing earnings multiple (8.11 vs 39.41 P/E), one valuation lens rather than an overall verdict.
•T converts more revenue to profit (16.89% vs 15.43% net margin).
•SPOT grew revenue faster over the past five years (16.40% vs -5.37% CAGR).
•T pays a dividend (4.55% yield), while SPOT has no payments in the available dividend history.

Metrics side by side

Valuation

Metric	SPOT	T
P/E ratio	39.41	8.11
Forward P/E	39.28	10.46
P/S ratio	5.05	1.33
P/B ratio	11.18	1.54
PEG ratio	0.51	0.08
EV / EBITDA	33.46	6.39
FCF yield	3.60%	10.41%

Profitability

Metric	SPOT	T
Gross margin	32.31%	79.77%
Operating margin	13.70%	20.38%
Net margin	15.43%	16.89%
ROE	34.17%	19.46%
ROIC	21.05%	5.57%

Dividends

Metric	SPOT	T
Dividend yield	N/A	4.55%
Payout ratio	N/A	36.51%

Growth (annualized)

Metric	SPOT	T
Revenue CAGR (5Y)	16.40%	-5.37%
EPS CAGR (5Y)	N/A	8.15%
FCF CAGR (5Y)	66.97%	-9.29%
Total return CAGR (5Y)	15.87%	9.61%

Frequently asked

Which has the lower trailing P/E, SPOT or T?: T has the lower trailing P/E: SPOT trades at 39.41 and T at 8.11. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, SPOT or T?: Over the past five years, SPOT grew revenue faster — SPOT at a 16.40% CAGR versus T at -5.37%.
Does SPOT or T pay a bigger dividend?: T pays a dividend (4.55% yield), while SPOT has no payments in the available dividend history.
Is SPOT or T more profitable?: T runs the higher net margin — SPOT at 15.43% versus T at 16.89%.
How have SPOT and T total returns compared?: Over the past 5 years, SPOT delivered 15.87% and T delivered 4.46% annualized total return. Past performance doesn't predict future results.

Go deeper

Full SPOT analysis Full T analysis Interactive comparison tool

Dig into the metrics

Spotify Technology P/E ratio AT&T P/E ratio Spotify Technology dividend yield AT&T dividend yield Spotify Technology ROE AT&T ROE Spotify Technology operating margin AT&T operating margin Spotify Technology revenue growth AT&T revenue growth Spotify Technology free cash flow AT&T free cash flow

Spotify Technology & AT&T appear in these rankings

Highest Dividend Yield Stocks 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 July 28, 2026.