COMP <GO>
SPOT vs GOOGL // ALTMAN Z-SCORE & DEBT/EQUITY
Spotify Technology S.A. (NYSE) VS. Alphabet Inc. (NASDAQ) • 15-METRIC TALLY: SPOT 3
— GOOGL 10
▲ ALTMAN Z-SCORE & DEBT/EQUITY LEADER: GOOGL
LAST: $593.44 (+6.50%) • MKT CAP: $125.06B
balance-sheet
3.74
LAST: $279.84 (-1.40%) • MKT CAP: $3.44T
balance-sheet
8.39
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (SPOT VS. GOOGL)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | SPOT | GOOGL | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | — | 60.86% | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 9.90% | 16.59% | -6.69 | GOOGL | /roic <GO> |
| EV/EBITDA & P/E Valuation | 21.0x | 20.2x | +0.78 | GOOGL | /valuation <GO> |
| Free Cash Flow Yield | 2.21% | 0.57% | +1.64 | SPOT | /fcf-yield <GO> |
| Operating Margin | 13.90% | 33.32% | -19.42 | GOOGL | /operating-margins <GO> |
| Net Profit Margin | 10.90% | 50.03% | -39.13 | GOOGL | /net-margins <GO> |
| Revenue Growth (YoY) | -3.30% | 22.21% | -25.51 | GOOGL | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.32% | -0.32 | GOOGL | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity ACTIVE | 3.74 | 8.39 | -4.65 | GOOGL | /balance-sheet <GO> |
| Piotroski F-Score Quality | 7/9 | 6/9 | +1.00 | SPOT | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | 6.41% | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 61.7 | 33.3 | +28.40 | SPOT | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 0.94 | 1.22 | -0.28 | GOOGL | /macro-sensitivity <GO> |
| Forward P/E Multiple | 30.5x | 17.7x | +12.84 | GOOGL | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $125.06B | $3.44T | -$3.32T | GOOGL | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | SPOT REV | GOOGL REV | SPOT GROSS % | GOOGL GROSS % | SPOT FCF | GOOGL FCF |
|---|---|---|---|---|---|---|
| FY 2025 | — | $402.84B | — | 59.6% | — | $73.27B |
| FY 2024 | — | $350.02B | — | 58.2% | — | $72.76B |
| FY 2023 | — | $307.39B | — | 56.6% | — | $69.50B |
| FY 2022 | — | $282.84B | — | 55.4% | — | $60.01B |
| FY 2021 | — | $257.64B | — | 56.9% | — | $67.01B |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
SPOT // BETA 0.94
GOOGL // BETA 1.22