SPOT
Spotify Technology S.A.
Internet Content & Information
Market Cap$86.00B
5Y Perf.+130.9%
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Stock Comparison
SPOT vs SIRI
Revenue, margins, valuation, and 5-year total return — side by side.
SIRI
Sirius XM Holdings Inc.
Entertainment
Market Cap$9.12B
5Y Perf.-53.4%
SPOT vs SIRI — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | SPOT | SIRI |
|---|---|---|
| Industry | Internet Content & Information | Entertainment |
| Market Cap | $86.00B | $9.12B |
| Revenue (TTM) | $17.60B | $8.58B |
| Net Income (TTM) | $2.72B | $846M |
| Gross Margin | 32.3% | 45.4% |
| Operating Margin | 13.7% | 18.0% |
| Forward P/E | 32.3x | 8.7x |
| Total Debt | $2.32B | $9.71B |
| Cash & Equiv. | $5.26B | $94M |
SPOT vs SIRI — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
SPOT
SIRI
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Spotify Technology … (SPOT) | 100 | 230.9 | +130.9% |
| Sirius XM Holdings … (SIRI) | 100 | 46.6 | -53.4% |
Price return only. Dividends and distributions are not included.
Quick Verdict: SPOT vs SIRI
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: SPOT leads in 4 of 7 categories, making it the strongest pick for growth and revenue expansion and profitability and margin quality. Sirius XM Holdings Inc. is the stronger pick specifically for valuation and capital efficiency and dividend income and shareholder returns. As sector peers, any of these can serve as alternatives in the same allocation.
SPOT
Spotify Technology S.A.
The Income Pick
SPOT carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- beta 0.57
- Rev growth 9.7%, EPS growth 91.1%, 3Y rev CAGR 13.6%
- 180.4% 10Y total return vs SIRI's -6.9%
Best for: income & stability and growth exposure
SIRI
Sirius XM Holdings Inc.
The Value Play
SIRI is the clearest fit if your priority is value and dividends.
- Lower P/E (8.7x vs 32.3x)
- 3.8% yield; 2-year raise streak; the other pay no meaningful dividend
- +29.7% vs SPOT's -36.2%
Best for: value and dividends
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | SPOT | 9.7% revenue growth vs SIRI's -1.6% |
| Value | SIRI | Lower P/E (8.7x vs 32.3x) |
| Quality / Margins | SPOT | 15.5% margin vs SIRI's 9.9% |
| Stability / Safety | SPOT | Beta 0.57 vs SIRI's 0.63, lower leverage |
| Dividends | SIRI | 3.8% yield; 2-year raise streak; the other pay no meaningful dividend |
| Momentum (1Y) | SIRI | +29.7% vs SPOT's -36.2% |
| Efficiency (ROA) | SPOT | 19.3% ROA vs SIRI's 3.1%, ROIC 40.5% vs 5.2% |
SPOT vs SIRI — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2024
FY 2025
SPOT vs SIRI — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLSPOTLAGGINGSIRI
SIRISirius XM Holdings In…
1leads
SPOTSpotify Technology S.…
3leads
6 Total Categories
CATEGORYLEADERvs SIRIMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
SPOT4/6
Valuation MetricsMultiples, price ratios, and targets
SIRI6/6
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
SPOT9/9
Total Returns1Y, 3Y, 5Y total returns with dividends
SPOT4/6
Risk & VolatilityBeta, volatility, and downside exposure
Tied
—
Analyst OutlookRatings, price targets, and dividends
—
—
Income & Cash Flow (Last 12 Months)
SPOT leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
SPOT is the larger business by revenue, generating $17.6B annually — 2.1x SIRI's $8.6B. SPOT is the more profitable business, keeping 15.5% of every revenue dollar as net income compared to SIRI's 9.9%. On growth, SPOT holds the edge at +10.0% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | SPOTSpotify Technolog… | SIRISirius XM Holding… |
|---|---|---|
| RevenueTrailing 12 months | $17.6B | $8.6B |
| EBITDAEarnings before interest/tax | $2.5B | $2.1B |
| Net IncomeAfter-tax profit | $2.7B | $846M |
| Free Cash FlowCash after capex | $3.2B | $1.4B |
| Gross MarginGross profit ÷ Revenue | +32.3% | +45.4% |
| Operating MarginEBIT ÷ Revenue | +13.7% | +18.0% |
| Net MarginNet income ÷ Revenue | +15.5% | +9.9% |
| FCF MarginFCF ÷ Revenue | +18.1% | +15.8% |
| Rev. Growth (YoY)Latest quarter vs prior year | +10.0% | +1.1% |
| EPS Growth (YoY)Latest quarter vs prior year | +2.3% | +22.0% |
SPOT leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
SIRI leads this category, winning 6 of 6 comparable metrics.
Valuation Metrics
At 12.0x trailing earnings, SIRI trades at a 64% valuation discount to SPOT's 33.9x P/E. On an enterprise value basis, SIRI's 9.1x EV/EBITDA is more attractive than SPOT's 30.6x.
| Metric | SPOTSpotify Technolog… | SIRISirius XM Holding… |
|---|---|---|
| Market CapShares × price | $86.0B | $9.1B |
| Enterprise ValueMkt cap + debt − cash | $82.6B | $18.7B |
| Trailing P/EPrice ÷ TTM EPS | 33.88x | 12.04x |
| Forward P/EPrice ÷ next-FY EPS est. | 32.28x | 8.66x |
| PEG RatioP/E ÷ EPS growth rate | — | 0.24x |
| EV / EBITDAEnterprise value multiple | 30.59x | 9.09x |
| Price / SalesMarket cap ÷ Revenue | 4.26x | 1.07x |
| Price / BookPrice ÷ Book value/share | 9.00x | 0.84x |
| Price / FCFMarket cap ÷ FCF | 25.52x | 7.33x |
SIRI leads this category, winning 6 of 6 comparable metrics.
Profitability & Efficiency
SPOT leads this category, winning 9 of 9 comparable metrics.
Profitability & Efficiency
SPOT delivers a 35.3% return on equity — every $100 of shareholder capital generates $35 in annual profit, vs $7 for SIRI. SPOT carries lower financial leverage with a 0.28x debt-to-equity ratio, signaling a more conservative balance sheet compared to SIRI's 0.84x. On the Piotroski fundamental quality scale (0–9), SPOT scores 6/9 vs SIRI's 5/9, reflecting solid financial health.
| Metric | SPOTSpotify Technolog… | SIRISirius XM Holding… |
|---|---|---|
| ROE (TTM)Return on equity | +35.3% | +7.3% |
| ROA (TTM)Return on assets | +19.3% | +3.1% |
| ROICReturn on invested capital | +40.5% | +5.2% |
| ROCEReturn on capital employed | +26.7% | +6.1% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 5 |
| Debt / EquityFinancial leverage | 0.28x | 0.84x |
| Net DebtTotal debt minus cash | -$2.9B | $9.6B |
| Cash & Equiv.Liquid assets | $5.3B | $94M |
| Total DebtShort + long-term debt | $2.3B | $9.7B |
| Interest CoverageEBIT ÷ Interest expense | 84.99x | 3.50x |
SPOT leads this category, winning 9 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
SPOT leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in SPOT five years ago would be worth $18,309 today (with dividends reinvested), compared to $5,751 for SIRI. Over the past 12 months, SIRI leads with a +29.7% total return vs SPOT's -36.2%. The 3-year compound annual growth rate (CAGR) favors SPOT at 42.5% vs SIRI's -5.9% — a key indicator of consistent wealth creation.
| Metric | SPOTSpotify Technolog… | SIRISirius XM Holding… |
|---|---|---|
| YTD ReturnYear-to-date | -27.3% | +33.4% |
| 1-Year ReturnPast 12 months | -36.2% | +29.7% |
| 3-Year ReturnCumulative with dividends | +189.1% | -16.6% |
| 5-Year ReturnCumulative with dividends | +83.1% | -42.5% |
| 10-Year ReturnCumulative with dividends | +180.4% | -6.9% |
| CAGR (3Y)Annualised 3-year return | +42.5% | -5.9% |
SPOT leads this category, winning 4 of 6 comparable metrics.
Risk & Volatility
Evenly matched — SPOT and SIRI each lead in 1 of 2 comparable metrics.
Risk & Volatility
SPOT is the less volatile stock with a 0.57 beta — it tends to amplify market swings less than SIRI's 0.63 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. SIRI currently trades 94.2% from its 52-week high vs SPOT's 53.2% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | SPOTSpotify Technolog… | SIRISirius XM Holding… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.57x | 0.63x |
| 52-Week HighHighest price in past year | $785.00 | $28.77 |
| 52-Week LowLowest price in past year | $405.00 | $19.77 |
| % of 52W HighCurrent price vs 52-week peak | +53.2% | +94.2% |
| RSI (14)Momentum oscillator 0–100 | 33.1 | 60.2 |
| Avg Volume (50D)Average daily shares traded | 2.0M | 4.8M |
Evenly matched — SPOT and SIRI each lead in 1 of 2 comparable metrics.
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates SPOT as "Buy" and SIRI as "Buy". Consensus price targets imply 49.0% upside for SPOT (target: $623) vs 2.6% for SIRI (target: $28). SIRI is the only dividend payer here at 3.77% yield — a key consideration for income-focused portfolios.
| Metric | SPOTSpotify Technolog… | SIRISirius XM Holding… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $622.62 | $27.80 |
| # AnalystsCovering analysts | 52 | 32 |
| Dividend YieldAnnual dividend ÷ price | — | +3.8% |
| Dividend StreakConsecutive years of raises | — | 2 |
| Dividend / ShareAnnual DPS | — | $1.02 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.6% | +1.5% |
Insufficient data to determine a leader in this category.
Key Takeaway
SPOT leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). SIRI leads in 1 (Valuation Metrics). 1 tied.
Best OverallSpotify Technology S.A. (SPOT)Leads 3 of 6 categories
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SPOT vs SIRI: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is SPOT or SIRI a better buy right now?
For growth investors, Spotify Technology S.
A. (SPOT) is the stronger pick with 9. 7% revenue growth year-over-year, versus -1. 6% for Sirius XM Holdings Inc. (SIRI). Sirius XM Holdings Inc. (SIRI) offers the better valuation at 12. 0x trailing P/E (8. 7x forward), making it the more compelling value choice. Analysts rate Spotify Technology S. A. (SPOT) a "Buy" — based on 52 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 — SPOT or SIRI?
On trailing P/E, Sirius XM Holdings Inc.
(SIRI) is the cheapest at 12. 0x versus Spotify Technology S. A. at 33. 9x. On forward P/E, Sirius XM Holdings Inc. is actually cheaper at 8. 7x.
03Which is the better long-term investment — SPOT or SIRI?
Over the past 5 years, Spotify Technology S.
A. (SPOT) delivered a total return of +83. 1%, compared to -42. 5% for Sirius XM Holdings Inc. (SIRI). Over 10 years, the gap is even starker: SPOT returned +180. 4% versus SIRI's -6. 9%. 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 — SPOT or SIRI?
By beta (market sensitivity over 5 years), Spotify Technology S.
A. (SPOT) is the lower-risk stock at 0. 57β versus Sirius XM Holdings Inc. 's 0. 63β — meaning SIRI is approximately 12% more volatile than SPOT relative to the S&P 500. On balance sheet safety, Spotify Technology S. A. (SPOT) carries a lower debt/equity ratio of 28% versus 84% for Sirius XM Holdings Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — SPOT or SIRI?
By revenue growth (latest reported year), Spotify Technology S.
A. (SPOT) is pulling ahead at 9. 7% versus -1. 6% for Sirius XM Holdings Inc. (SIRI). On earnings-per-share growth, the picture is similar: Sirius XM Holdings Inc. grew EPS 145. 6% year-over-year, compared to 91. 1% for Spotify Technology S. A.. Over a 3-year CAGR, SPOT leads at 13. 6% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — SPOT or SIRI?
Spotify Technology S.
A. (SPOT) is the more profitable company, earning 12. 9% net margin versus 9. 4% for Sirius XM Holdings Inc. — meaning it keeps 12. 9% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: SIRI leads at 17. 2% versus 12. 8% for SPOT. At the gross margin level — before operating expenses — SIRI leads at 47. 0%, 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.
07Is SPOT or SIRI more undervalued right now?
On forward earnings alone, Sirius XM Holdings Inc.
(SIRI) trades at 8. 7x forward P/E versus 32. 3x for Spotify Technology S. A. — 23. 6x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for SPOT: 49. 0% to $622. 62.
08Which pays a better dividend — SPOT or SIRI?
In this comparison, SIRI (3.
8% yield) pays a dividend. SPOT does not pay a meaningful dividend and should not be held primarily for income.
09Is SPOT or SIRI better for a retirement portfolio?
For long-horizon retirement investors, Sirius XM Holdings Inc.
(SIRI) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 63), 3. 8% yield). Both have compounded well over 10 years (SIRI: -6. 9%, SPOT: +180. 4%), 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.
10What are the main differences between SPOT and SIRI?
Both stocks operate in the Communication Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: SPOT is a mid-cap quality compounder stock; SIRI is a small-cap deep-value stock. SIRI pays a dividend while SPOT does not, making them suitable for different income and tax situations. 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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Revenue Growth>
%
(SPOT: 10.0% · SIRI: 1.1%)Net Margin>
%
(SPOT: 15.5% · SIRI: 9.9%)P/E Ratio<
x
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