Spotify (SPOT) Ratios
Spotify Ratios
CH:SPOT's free cash flow for Q3 2026 was $734.00M. For the 2026 fiscal year, CH:SPOT's free cash flow was decreased by $-6.00M and operating cash flow was $740.00M. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 1.72 | 1.88 | 1.29 | 1.24 | 1.36 |
| Quick Ratio | 1.72 | 1.88 | 1.29 | 1.24 | 1.36 |
| Cash Ratio | 0.86 | 1.07 | 0.76 | 0.71 | 0.85 |
| Solvency Ratio | 0.35 | 0.19 | -0.06 | -0.05 | 0.02 |
| Operating Cash Flow Ratio | 0.48 | 0.52 | 0.17 | 0.01 | 0.11 |
| Short-Term Operating Cash Flow Coverage | 2.01 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Current Asset Value | $ 3.81B | $ 1.90B | $ -565.14M | $ -875.73M | $ -681.01M |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.13 | 0.17 | 0.20 | 0.22 | 0.25 |
| Debt-to-Equity Ratio | 0.23 | 0.36 | 0.67 | 0.70 | 0.84 |
| Debt-to-Capital Ratio | 0.19 | 0.27 | 0.40 | 0.41 | 0.46 |
| Long-Term Debt-to-Capital Ratio | 0.00 | 0.22 | 0.32 | 0.32 | 0.36 |
| Financial Leverage Ratio | 1.80 | 2.17 | 3.31 | 3.18 | 3.38 |
| Debt Service Coverage Ratio | 1.57 | 35.97 | -8.84 | -5.32 | 3.33 |
| Interest Coverage Ratio | 70.90 | 37.92 | -11.74 | -16.07 | 2.35 |
| Debt to Market Cap | 0.01 | 0.02 | 0.04 | 0.08 | 0.03 |
| Interest Debt Per Share | 9.67 | 10.15 | 8.94 | 8.86 | 9.55 |
| Net Debt to EBITDA | -1.40 | -1.86 | 4.61 | 5.02 | -2.32 |
| Profitability Margins | |||||
| Gross Profit Margin | 31.98% | 30.14% | 25.64% | 24.95% | 26.80% |
| EBIT Margin | 13.12% | 8.79% | -3.53% | -2.81% | 2.99% |
| EBITDA Margin | 13.71% | 9.56% | -2.33% | -1.35% | 4.30% |
| Operating Profit Margin | 12.79% | 8.71% | -3.37% | -5.62% | 0.97% |
| Pretax Profit Margin | 12.94% | 8.56% | -3.81% | -3.16% | 2.58% |
| Net Profit Margin | 12.87% | 7.26% | -4.02% | -3.67% | -0.35% |
| Continuous Operations Profit Margin | 12.87% | 7.26% | -4.02% | -3.67% | -0.35% |
| Net Income Per EBT | 99.46% | 84.86% | 105.35% | 116.22% | -13.65% |
| EBT Per EBIT | 101.18% | 98.24% | 113.23% | 56.15% | 264.89% |
| Return on Assets (ROA) | 14.73% | 9.48% | -6.35% | -5.68% | -0.47% |
| Return on Equity (ROE) | 26.56% | 20.60% | -21.01% | -18.06% | -1.60% |
| Return on Capital Employed (ROCE) | 24.61% | 18.07% | -10.44% | -16.13% | 2.38% |
| Return on Invested Capital (ROIC) | 20.91% | 15.33% | -10.44% | -16.13% | -0.32% |
| Return on Tangible Assets | 15.92% | 10.58% | -7.44% | -6.84% | -0.55% |
| Earnings Yield | 2.18% | 1.31% | -1.61% | -3.02% | -0.09% |
| Efficiency Ratios | |||||
| Receivables Turnover | 18.72 | 19.62 | 15.03 | 17.01 | 15.40 |
| Payables Turnover | 14.93 | 11.74 | 14.82 | 15.09 | 13.21 |
| Inventory Turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Fixed Asset Turnover | 40.73 | 37.86 | 24.13 | 15.46 | 11.92 |
| Asset Turnover | 1.14 | 1.31 | 1.58 | 1.55 | 1.34 |
| Working Capital Turnover Ratio | 4.12 | 6.14 | 13.22 | 11.85 | 31.39 |
| Cash Conversion Cycle | -4.95 | -12.50 | -0.34 | -2.73 | -3.92 |
| Days of Sales Outstanding | 19.50 | 18.61 | 24.28 | 21.45 | 23.70 |
| Days of Inventory Outstanding | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Days of Payables Outstanding | 24.45 | 31.10 | 24.62 | 24.19 | 27.62 |
| Operating Cycle | 19.50 | 18.61 | 24.28 | 21.45 | 23.70 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 14.28 | 11.47 | 3.49 | 0.24 | 1.89 |
| Free Cash Flow Per Share | 13.98 | 11.38 | 3.46 | 0.11 | 1.44 |
| Dividend Paid and CapEx Coverage Ratio | 48.08 | 135.35 | 113.33 | 1.84 | 4.25 |
| Capital Expenditure Coverage Ratio | 48.08 | 135.35 | 113.33 | 1.84 | 4.25 |
| Operating Cash Flow Coverage Ratio | 1.50 | 1.15 | 0.40 | 0.03 | 0.20 |
| Operating Cash Flow to Sales Ratio | 0.17 | 0.15 | 0.05 | 0.00 | 0.04 |
| Free Cash Flow Yield | 2.83% | 2.64% | 2.04% | 0.15% | 0.70% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 45.89 | 76.20 | -62.23 | -33.08 | -1157.95 |
| Price-to-Sales (P/S) Ratio | 5.91 | 5.53 | 2.50 | 1.21 | 4.07 |
| Price-to-Book (P/B) Ratio | 12.19 | 15.69 | 13.07 | 5.97 | 18.52 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 35.35 | 37.95 | 49.12 | 677.40 | 142.65 |
| Price-to-Operating Cash Flow Ratio | 34.61 | 37.67 | 48.68 | 309.25 | 109.06 |
| Price-to-Earnings Growth (PEG) Ratio | 0.51 | -0.25 | -2.78 | -0.03 | 12.29 |
| Enterprise Value Multiple | 41.67 | 56.01 | -102.53 | -85.01 | 92.32 |
| Enterprise Value | 98.22B | 83.90B | 31.68B | 13.43B | 38.40B |
| EV to EBITDA | 41.67 | 56.01 | -102.53 | -85.01 | 92.32 |
| EV to Sales | 5.72 | 5.35 | 2.39 | 1.15 | 3.97 |
| EV to Free Cash Flow | 34.20 | 36.73 | 47.01 | 639.62 | 139.15 |
| EV to Operating Cash Flow | 33.49 | 36.46 | 46.59 | 292.00 | 106.38 |
| Tangible Book Value Per Share | 35.08 | 21.31 | 6.71 | 5.69 | 5.96 |
| Shareholders’ Equity Per Share | 40.55 | 27.54 | 13.01 | 12.34 | 11.11 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.01 | 0.15 | -0.05 | -0.16 | 1.14 |
| Revenue Per Share | 83.67 | 78.12 | 68.03 | 60.78 | 50.54 |
| Net Income Per Share | 10.77 | 5.67 | -2.73 | -2.23 | -0.18 |
| Tax Burden | 0.99 | 0.85 | 1.05 | 1.16 | -0.14 |
| Interest Burden | 0.99 | 0.97 | 1.08 | 1.12 | 0.86 |
| Research & Development to Revenue | 0.08 | 0.09 | 0.13 | 0.12 | 0.09 |
| SG&A to Revenue | 0.11 | 0.12 | 0.00 | 0.00 | 0.00 |
| Stock-Based Compensation to Revenue | 0.01 | 0.02 | 0.02 | 0.03 | 0.02 |
| Income Quality | 1.33 | 2.02 | -1.28 | -0.11 | -10.62 |
Currency in EUR
