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

T has the lower trailing P/E: SPOT trades at 32.80 and T at 8.65. 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 15.47% CAGR versus T at -5.37%.

Does SPOT or T pay a bigger dividend?

T pays a dividend (4.34% yield), while SPOT has no payments in the available dividend history.

Is SPOT or T more profitable?

SPOT runs the higher net margin — SPOT at 18.49% versus T at 16.89%.

How have SPOT and T total returns compared?

Over the past 5 years, SPOT delivered 16.28% and T delivered 10.97% 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 September 10, 2026. Differences are shown without an overall score or investment verdict.

SPOT

Spotify Technology S.A.

$108.09B

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

AT&T Inc.

$178.50B

$26.05Communication ServicesDelayed quote: Sep 11, 2026, 3:59 PM EDT

Total return — SPOT vs T

growth of $100 · dividends reinvested · last 8y

SPOT +251.0% (+17.0%/yr)T +79.8% (+7.6%/yr)SPOT compounded faster over this window

SPOT T

SPOT vs T: by the numbers

•T is the larger company ($178.50B vs $108.09B market cap).
•T trades at the lower trailing earnings multiple (8.65 vs 32.80 P/E), one valuation lens rather than an overall verdict.
•SPOT converts more revenue to profit (18.49% vs 16.89% net margin).
•SPOT grew revenue faster over the past five years (15.47% vs -5.37% CAGR).
•T pays a dividend (4.34% yield), while SPOT has no payments in the available dividend history.

Metrics side by side

Valuation

Metric	SPOT	T
P/E ratio	32.80	8.65
Forward P/E	N/A	11.14
P/S ratio	5.14	1.40
P/B ratio	11.28	1.62
EV / EBITDA	31.80	6.99
FCF yield	3.53%	9.89%

Profitability

Metric	SPOT	T
Gross margin	32.79%	59.72%
Operating margin	14.65%	20.38%
Net margin	18.49%	16.89%
ROE	40.58%	19.46%
ROIC	29.12%	5.96%

Dividends

Metric	SPOT	T
Dividend yield	N/A	4.34%
Payout ratio	N/A	36.88%

Growth (annualized)

Metric	SPOT	T
Revenue CAGR (5Y)	15.47%	-5.37%
EPS CAGR (5Y)	N/A	8.15%
FCF CAGR (5Y)	66.34%	-9.29%
Total return CAGR (5Y)	16.28%	10.97%

Frequently asked

Which has the lower trailing P/E, SPOT or T?: T has the lower trailing P/E: SPOT trades at 32.80 and T at 8.65. 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 15.47% CAGR versus T at -5.37%.
Does SPOT or T pay a bigger dividend?: T pays a dividend (4.34% yield), while SPOT has no payments in the available dividend history.
Is SPOT or T more profitable?: SPOT runs the higher net margin — SPOT at 18.49% versus T at 16.89%.
How have SPOT and T total returns compared?: Over the past 5 years, SPOT delivered 16.28% and T delivered 10.97% 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 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 September 10, 2026.