SPOT vs WMG
SPOT: Spotify is the world’s most popular audio streaming platform, transforming the music and podcast industries through a data-rich, subscription-based marketplace for creators and listeners. WMG: Warner Music Group is one of the world's leading music entertainment companies, managing a massive catalog of recorded music and musical compositions while investing in the next generation of global artists.
Side-by-side fundamentals
| Metric | SPOT | WMG | Edge |
|---|---|---|---|
| Price as of 2026-10-21 close | $525.34 | $31.44 | |
| Market cap | $108.1B | $16.4B | |
| P/E as of 2026-10-21 | n/a | 25.15 (diluted EPS of the listed share class, as reported in the 10-Q/10-K) | |
| Net margin FY2025, SEC XBRL | +12.9% | +5.4% | SPOT higher |
| Gross margin FY2025, SEC XBRL | +32.0% | n/a | |
| Operating margin FY2025, SEC XBRL | +12.8% | +10.3% | SPOT higher |
| ROE FY2025, SEC XBRL | n/a | +56.4% | |
| ROA FY2025, SEC XBRL | +14.7% | +3.7% | SPOT higher |
| Debt / equity filed borrowings, leases excl., balance sheet 2026-06-30 | n/a | 5.52 | |
| Revenue growth (YoY) FY2025, SEC XBRL | n/a | +4.4% | |
| Revenue CAGR (3y) SEC XBRL | +13.6% | +4.3% | SPOT higher |
| Dividend yield as of 2026-09-02 | n/a | +2.9% | |
| Dividend streak (yrs) SEC XBRL | 0 | 5 | WMG higher |
| Beta as of 2026-09-02 | 0.89 | 0.52 | |
| 1-year return as of 2026-10-21 close | -23.8% | -6.0% | WMG higher |
Fundamentals: SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-02 for the rest. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-10-21.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date; "Edge" cells are a pure numeric comparison, not a recommendation.