Alphabet Inc. (Class A) vs Spotify Technology
Alphabet Inc. (Class A) is the larger business, with $402.84bn of revenue in fiscal 2025 against $19.43bn for Spotify Technology (20.7 times as much). Alphabet Inc. (Class A) grew faster (15.1% against 14.6%). Alphabet Inc. (Class A) kept more of each dollar of sales as profit: a net margin of 32.8% against 12.9%. Spotify Technology carries less debt relative to equity (0.0% against 11.8%).
| Latest fiscal year | Alphabet Inc. (Class A)GOOGL, 2025 | Spotify TechnologySPOT, 2025 |
|---|---|---|
| Revenue | $402.84bn | $19.43bn |
| Revenue growth | 15.1% | 14.6% |
| Net income | $132.17bn | $2.50bn |
| Operating margin | 32.0% | 12.8% |
| Net margin | 32.8% | 12.9% |
| Return on equity | 35.7% | 32.3% |
| Free cash flow | $73.27bn | $3.25bn |
| Cash | $30.71bn | $6.17bn |
| Total debt | $49.09bn | $0 |
| Debt to equity | 11.8% | 0.0% |
| Dividend per share | $0.83 | — |
| Dividend yield | 0.3% | — |
| Share buybacks | $45.71bn | $496m |
| Employees | 190,820 | — |
| Market value | $3.43tn | $125.94bn |
| Price vs our value range | Above our value range | Above our value range |
| Moat score | 92 (Strong) | — |
| Insider trades, 12 months | 0 buys, 240 sales | 0 buys, 72 sales |