Comprehensive Stock Comparison
Compare Nebius Group N.V. (NBIS) vs Alphabet Inc. (GOOGL) Stock
Analyze side-by-side fundamentals, valuation, growth, and profitability to decide which stock is the better buy.
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Quick Verdict
| Category | Winner | Why |
|---|---|---|
| Growth | NBIS | 350.9% revenue growth vs GOOGL's 15.1% |
| Value | GOOGL | Lower P/E (27.3x vs 829.0x) |
| Quality / Margins | GOOGL | 32.8% net margin vs NBIS's 19.0% |
| Stability / Safety | GOOGL | Beta 0.99 vs NBIS's 2.44, lower leverage |
| Dividends | GOOGL | 0.3% yield; 2-year raise streak; NBIS pays no meaningful dividend |
| Momentum (1Y) | NBIS | +180.7% vs GOOGL's +83.6% |
| Efficiency (ROA) | GOOGL | 22.2% ROA vs NBIS's 0.8%, ROIC 24.7% vs -13.4% |
Who Each Stock Is For
Income & stability
Growth exposure
Long-term compounding (10Y)
Sleep-well-at-night portfolio
Defensive / Recession hedge
Business Model
What each company does and how it makes money
Nebius Group is a technology company that builds full-stack infrastructure for the global AI industry, including cloud platforms, GPU clusters, and developer tools. It generates revenue primarily through its Nebius AI cloud platform—which serves intensive AI workloads—alongside data services from Toloka AI, edtech from TripleTen, and autonomous driving technology from Avride. The company's competitive advantage lies in its integrated full-stack approach to AI infrastructure—combining hardware, cloud services, and specialized tools—and its established R&D expertise across multiple AI domains.
Alphabet is a technology conglomerate best known as the parent company of Google, which dominates the digital advertising market through search, YouTube, and display ads. It generates over 80% of its revenue from advertising, with the remainder coming from Google Cloud services, hardware sales, and subscription products like YouTube Premium. Its primary moat is the massive network effect of its search ecosystem — billions of users, advertisers, and content creators locked into its platforms through data, scale, and habit.
Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
Financial Metrics Comparison
Side-by-side fundamentals across 2 stocks. BestLagging
Financial Scorecard
GOOGL leads in 4 of 6 categories (Financial Metrics, Valuation Metrics). NBIS leads in 1 (Total Returns).
Financial Metrics (TTM)
GOOGL is the larger business by revenue, generating $402.9B annually — 754.2x NBIS's $534M. GOOGL is the more profitable business, keeping 32.8% of every revenue dollar as net income compared to NBIS's 19.0%. On growth, NBIS holds the edge at +5.0% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | NBISNebius Group N.V. | GOOGLAlphabet Inc. |
|---|---|---|
| RevenueTrailing 12 months | $534M | $402.9B |
| EBITDAEarnings before interest/tax | -$287M | $150.2B |
| Net IncomeAfter-tax profit | $102M | $132.2B |
| Free Cash FlowCash after capex | -$2.3B | $73.3B |
| Gross MarginGross profit ÷ Revenue | +68.0% | +59.7% |
| Operating MarginEBIT ÷ Revenue | -113.3% | +32.0% |
| Net MarginNet income ÷ Revenue | +19.0% | +32.8% |
| FCF MarginFCF ÷ Revenue | -4.2% | +18.2% |
| Rev. Growth (YoY)Latest quarter vs prior year | +5.0% | +18.1% |
| EPS Growth (YoY)Latest quarter vs prior year | -79.3% | +31.2% |
Valuation Metrics
At 28.8x trailing earnings, GOOGL trades at a 97% valuation discount to NBIS's 829.0x P/E.
| Metric | NBISNebius Group N.V. | GOOGLAlphabet Inc. |
|---|---|---|
| Market CapShares × price | $20.0B | $1.69T |
| Enterprise ValueMkt cap + debt − cash | $21.2B | $1.73T |
| Trailing P/EPrice ÷ TTM EPS | 829.00x | 28.84x |
| Forward P/EPrice ÷ next-FY EPS est. | — | 27.26x |
| PEG RatioP/E ÷ EPS growth rate | — | 0.97x |
| EV / EBITDAEnterprise value multiple | — | 11.54x |
| Price / SalesMarket cap ÷ Revenue | 37.77x | 4.20x |
| Price / BookPrice ÷ Book value/share | 5.00x | 9.18x |
| Price / FCFMarket cap ÷ FCF | — | 23.10x |
Profitability & Efficiency
GOOGL delivers a 31.8% return on equity — every $100 of shareholder capital generates $32 in annual profit, vs $2 for NBIS. GOOGL carries lower financial leverage with a 0.17x debt-to-equity ratio, signaling a more conservative balance sheet compared to NBIS's 1.06x.
| Metric | NBISNebius Group N.V. | GOOGLAlphabet Inc. |
|---|---|---|
| ROE (TTM)Return on equity | +2.2% | +31.8% |
| ROA (TTM)Return on assets | +0.8% | +22.2% |
| ROICReturn on invested capital | -13.4% | +24.7% |
| ROCEReturn on capital employed | -8.4% | +30.3% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 7 |
| Debt / EquityFinancial leverage | 1.06x | 0.17x |
| Net DebtTotal debt minus cash | $1.2B | $41.3B |
| Cash & Equiv.Liquid assets | $3.7B | $30.7B |
| Total DebtShort + long-term debt | $4.9B | $72.0B |
| Interest CoverageEBIT ÷ Interest expense | -30.21x | 903.26x |
Total Returns (with DRIP)
A $10,000 investment in NBIS five years ago would be worth $45,595 today (with dividends reinvested), compared to $30,266 for GOOGL. Over the past 12 months, NBIS leads with a +180.7% total return vs GOOGL's +83.6%. The 3-year compound annual growth rate (CAGR) favors NBIS at 65.8% vs GOOGL's 51.5% — a key indicator of consistent wealth creation.
| Metric | NBISNebius Group N.V. | GOOGLAlphabet Inc. |
|---|---|---|
| YTD ReturnYear-to-date | +1.4% | -1.1% |
| 1-Year ReturnPast 12 months | +180.7% | +83.6% |
| 3-Year ReturnCumulative with dividends | +355.9% | +247.8% |
| 5-Year ReturnCumulative with dividends | +356.0% | +202.7% |
| 10-Year ReturnCumulative with dividends | +356.0% | +773.4% |
| CAGR (3Y)Annualised 3-year return | +65.8% | +51.5% |
Risk & Volatility
GOOGL is the less volatile stock with a 0.99 beta — it tends to amplify market swings less than NBIS's 2.44 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. GOOGL currently trades 89.3% from its 52-week high vs NBIS's 64.6% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | NBISNebius Group N.V. | GOOGLAlphabet Inc. |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 2.44x | 0.99x |
| 52-Week HighHighest price in past year | $141.10 | $349.00 |
| 52-Week LowLowest price in past year | $18.31 | $140.53 |
| % of 52W HighCurrent price vs 52-week peak | +64.6% | +89.3% |
| RSI (14)Momentum oscillator 0–100 | 57.0 | 40.8 |
| Avg Volume (50D)Average daily shares traded | 10.7M | 28.2M |
Analyst Outlook
Wall Street rates NBIS as "Buy" and GOOGL as "Buy". Consensus price targets imply 71.4% upside for NBIS (target: $156) vs 14.6% for GOOGL (target: $357). GOOGL is the only dividend payer here at 0.26% yield — a key consideration for income-focused portfolios.
| Metric | NBISNebius Group N.V. | GOOGLAlphabet Inc. |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $156.33 | $357.19 |
| # AnalystsCovering analysts | 4 | 81 |
| Dividend YieldAnnual dividend ÷ price | — | +0.3% |
| Dividend StreakConsecutive years of raises | 2 | 2 |
| Dividend / ShareAnnual DPS | — | $0.82 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +2.7% |
Historical Charts
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Chart 1Total Return — 5 Years (Rebased to 100)
| Stock | Oct 24 | Feb 26 | Change |
|---|---|---|---|
| Nebius Group N.V. (NBIS) | 100 | 440.8 | +340.8% |
| Alphabet Inc. (GOOGL) | 100 | 200.65 | +100.6% |
Nebius Group N.V. (NBIS) returned +356% over 5 years vs Alphabet Inc. (GOOGL)'s +203%. A $10,000 investment in NBIS 5 years ago would be worth $45,595 today (including dividends reinvested).
Chart 2Revenue Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Nebius Group N.V. (NBIS) | $1.2B | $530M | -57.1% |
| Alphabet Inc. (GOOGL) | $90.3B | $403.0B | +346.4% |
Nebius Group N.V.'s revenue grew from $1.2B (2016) to $530M (2025) — a -9.0% CAGR. Alphabet Inc.'s revenue grew from $90.3B (2016) to $403.0B (2025) — a 18.1% CAGR.
Chart 3Net Margin Trend — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Nebius Group N.V. (NBIS) | 9.0% | 19.2% | +114.4% |
| Alphabet Inc. (GOOGL) | 21.6% | 32.8% | +52.0% |
Nebius Group N.V.'s net margin went from 9% (2016) to 19% (2025). Alphabet Inc.'s net margin went from 22% (2016) to 33% (2025).
Chart 4P/E Ratio History — 9 Years
| Stock | 2017 | 2025 | Change |
|---|---|---|---|
| Alphabet Inc. (GOOGL) | 58.5 | 29 | -50.4% |
Alphabet Inc. has traded in a 19x–59x P/E range over 9 years; current trailing P/E is ~29x.
Chart 5EPS Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Nebius Group N.V. (NBIS) | 0.34 | 0.11 | -67.6% |
| Alphabet Inc. (GOOGL) | 1.39 | 10.81 | +677.7% |
Nebius Group N.V.'s EPS grew from $0.34 (2016) to $0.11 (2025) — a -12% CAGR. Alphabet Inc.'s EPS grew from $1.39 (2016) to $10.81 (2025) — a 26% CAGR.
Chart 6Free Cash Flow — 5 Years
Nebius Group N.V. generated $-4B FCF in 2025 (-677% vs 2021). Alphabet Inc. generated $73B FCF in 2025 (+9% vs 2021).
NBIS vs GOOGL: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is NBIS or GOOGL a better buy right now?
Alphabet Inc. (GOOGL) offers the better valuation at 28.8x trailing P/E (27.3x forward), making it the more compelling value choice. Analysts rate Nebius Group N.V. (NBIS) a "Buy" — based on 4 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — NBIS or GOOGL?
On trailing P/E, Alphabet Inc. (GOOGL) is the cheapest at 28.8x versus Nebius Group N.V. at 829.0x.
03Which is the better long-term investment — NBIS or GOOGL?
Over the past 5 years, Nebius Group N.V. (NBIS) delivered a total return of +356.0%, compared to +202.7% for Alphabet Inc. (GOOGL). A $10,000 investment in NBIS five years ago would be worth approximately $46K today (assuming dividends reinvested). Over 10 years, the gap is even starker: GOOGL returned +773.4% versus NBIS's +356.0%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — NBIS or GOOGL?
By beta (market sensitivity over 5 years), Alphabet Inc. (GOOGL) is the lower-risk stock at 0.99β versus Nebius Group N.V.'s 2.44β — meaning NBIS is approximately 147% more volatile than GOOGL relative to the S&P 500. On balance sheet safety, Alphabet Inc. (GOOGL) carries a lower debt/equity ratio of 17% versus 106% for Nebius Group N.V. — giving it more financial flexibility in a downturn.
05Which has better profit margins — NBIS or GOOGL?
Alphabet Inc. (GOOGL) is the more profitable company, earning 32.8% net margin versus 19.2% for Nebius Group N.V. — meaning it keeps 32.8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: GOOGL leads at 32.1% versus -112.5% for NBIS. At the gross margin level — before operating expenses — NBIS leads at 68.6%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Is NBIS or GOOGL more undervalued right now?
Analyst consensus price targets imply the most upside for NBIS: 71.4% to $156.33.
07Which pays a better dividend — NBIS or GOOGL?
In this comparison, GOOGL (0.3% yield) pays a dividend. NBIS does not pay a meaningful dividend and should not be held primarily for income.
08Is NBIS or GOOGL better for a retirement portfolio?
For long-horizon retirement investors, Alphabet Inc. (GOOGL) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.99), +773.4% 10Y return). Nebius Group N.V. (NBIS) carries a higher beta of 2.44 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (GOOGL: +773.4%, NBIS: +356.0%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between NBIS and GOOGL?
These companies operate in different sectors (NBIS (Communication Services) and GOOGL (Technology)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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