What is Spotify Technology S.A.'s (SPOT) StockRank?

MoatMap's StockRank for Spotify Technology S.A. (SPOT) is 45/100, with a Hold signal. This is a composite score combining Quality (80), Value (19), and Momentum (39) factor ranks across MoatMap's 20,000+ stock universe.

Does Spotify Technology S.A. have an economic moat?

Spotify Technology S.A. (SPOT) has a Quality factor score of 80/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage: the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the financial characteristics of a moated business.

Is Spotify Technology S.A. a buy, hold, or sell?

MoatMap's current signal for Spotify Technology S.A. (SPOT) is Hold, based on a StockRank of 45/100. Signals are derived mechanically from the StockRank composite and should be one input among many; combine with your own thesis on management, competitive position, and valuation.

What sector is Spotify Technology S.A. in?

Spotify Technology S.A. (SPOT) operates in the Communication Services sector, specifically the Internet Content & Information industry (Sweden).

Company Deep Dive

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SPOT

Hold

Spotify Technology S.A. · Communication Services · Sweden · $112.6B · Avg Vol: $1.1B/d

StockRank

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P/E (TTM)

29.6x

ROE

44.5%

D/E

0.1x

Dividend %

—

COMPANY DESCRIPTION

Spotify Technology S.A. is the world's leading audio streaming subscription service, providing millions of users with access to music, podcasts, and audiobooks. The company leverages a powerful two-sided network effect, connecting content creators directly with a massive, highly engaged global user base. Its competitive moat is reinforced by proprietary personalization algorithms, extensive user data, and a dominant market share in the digital audio ecosystem.

FINANCIAL SUMMARY (USD)

Year	2022	2023	2024	2025	CAGR	TTM	2026E	2027E	Fwd CAGR
Revenue	13.6B	15.3B	18.2B	19.9B	13.6%	21.1B	22.6B	25.8B	13.9%
EPS	-2.58	-3.16	6.57	12.48	89.9%	18.57	14.59	18.37	21.3%
Shares	193.3M	197.1M	203.8M	205.8M	+6.5%	205.6M	—	—	—
Debt	2.0B	2.0B	2.4B	2.3B	5.1%	543.6M	—	—	—
Equity	2.8B	2.9B	6.4B	9.7B	51.4%	—	—	—	—
Op CF	53.3M	787.9M	2.7B	3.4B	299.5%	3.9B	—	—	—
Inv CF	-490.2M	-251.4M	-1.7B	-2.1B	—	—	—	—	—
Fin CF	-46.3M	271.1M	844.7M	-441.5M	—	—	—	—	—

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PRICE (1Y)+11.2%

SMA 50SMA 200

$547.51

RSI (14)

60.4

52W High

$745.00

From 52W High

0.7%

SCORE BREAKDOWN

Quality

ROIC

39.6%96.7

ROE

44.5%95.4

GP/Assets

40.5%71.7

Op. Margin

13.7%65.7

FCF/Assets

21.8%93.5

Piotroski

653.6

Int. Cover

50.0x85.4

D/E Ratio

0.06x72.8

Current Ratio

2.11x63.0

Value

P/E (TTM)

29.6x25.6

EV/EBITDA

34.0x13.7

P/FCF

30.3x24.6

P/B

9.9x8.4

P/S

5.4x16.1

Div Yield

—N/A

Momentum

52W High %

73%50.1

RS 6M

-6%54.3

SMA 50/200

0.97x50.3

EPS Rev 4W

-0.1%20.3

EPS Rev 12W

-2.3%22.3

EPS Improve

-3%21.4

Q Growth

—N/A

FUNDAMENTALS

Market Cap

$112.6B

P/E (Forward)

30.5x

Gross Margin

32.8%

SECTOR PEERS

Closest peers in Communication Services, ranked by industry match, size, and score similarity. Cross-listings of SPOT are excluded.

Ticker	Company	Mkt Cap	StockRank	Signal
SPOT	Spotify Technology S.A.(you)	$112.6B	45	Hold
035420.KS	NAVER Corporation	$23.8B	46	Hold
0700.HK	Tencent Holdings Limited	$522.8B	47	Hold
NBIS	Nebius Group N.V.	$56.9B	21	Sell
6098.T	Recruit Holdings Co., Ltd.	$154.3B	81	Strong Buy
1698.HK	Tencent Music Entertainment Group	$14.3B	42	Hold
PINS.MX	Pinterest, Inc.	$13.2B	49	Hold
1024.HK	Kuaishou Technology	$18.4B	59	Hold
9888.HK	Baidu, Inc.	$33.1B	20	Strong Sell
RDDT	Reddit, Inc.	$29.4B	68	Buy

Peer medians: ROE 7.1% · P/E 17.0x · Gross margin 46.3%