Meta Platforms vs Spotify Technology
Meta Platforms is the larger business, with $200.97bn of revenue in fiscal 2025 against $19.43bn for Spotify Technology (10.3 times as much). Meta Platforms grew faster (22.2% against 14.6%). Meta Platforms kept more of each dollar of sales as profit: a net margin of 30.1% against 12.9%. Spotify Technology carries less debt relative to equity (0.0% against 27.2%).
| Latest fiscal year | Meta PlatformsMETA, 2025 | Spotify TechnologySPOT, 2025 |
|---|---|---|
| Revenue | $200.97bn | $19.43bn |
| Revenue growth | 22.2% | 14.6% |
| Net income | $60.46bn | $2.50bn |
| Operating margin | 41.4% | 12.8% |
| Net margin | 30.1% | 12.9% |
| Return on equity | 30.2% | 32.3% |
| Free cash flow | $46.11bn | $3.25bn |
| Cash | $35.87bn | $6.17bn |
| Total debt | $59.00bn | $0 |
| Debt to equity | 27.2% | 0.0% |
| Dividend per share | $2.10 | — |
| Dividend yield | 0.3% | — |
| Share buybacks | $26.25bn | $496m |
| Employees | 78,865 | — |
| Market value | $1.56tn | $125.05bn |
| Price vs our value range | Within our value range | Above our value range |
| Moat score | 85 (Strong) | — |
| Insider trades, 12 months | 0 buys, 280 sales | 0 buys, 72 sales |