GOOGL
Alphabet Inc.
GOOGL has lower modeled downside risk, despite its lower overall score.
SPOT
Spotify Technology S.A.
SPOT has the edge over GOOGL overall, supported by stronger fundamentals.
GOOGL Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Under pressure | |
| Healthy |
GOOGL's revenue, profitability and balance sheet are currently healthy, but its cash flow is under pressure.
SPOT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Healthy | |
| Strong |
SPOT's revenue, profitability, cash flow and balance sheet are all currently healthy.
GOOGL PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 16x | $299 | — |
| Cheap | 20x | $378 | +27% |
| Forward | 22x | $299 | — |
| Fair | 26x | $497 | +66% |
| Expensive | 31x | $586 | +96% |
Historical ranges are pointers, not guarantees.
GOOGL has the edge over SPOT in the historical PE scenario, which offers more potential upside but is not a forecast.
SPOT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 40x | $577 | -3.6% |
| Current | 42x | $599 | — |
| Fair | 98x | $1,404 | +135% |
| Expensive | 144x | $2,066 | +245% |
Historical ranges are pointers, not guarantees.
SPOT's PE is 42x, but its earnings don't support one, so it isn't a reliable read right now.
GOOGL Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Strong growth | |
| Strong growth | |
| Weakening | |
| Moderate | |
| Moderate |
Analysts expect strong earnings and revenue growth for GOOGL, but weaker profitability.
SPOT Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Low |
SPOT has the edge over GOOGL on the outlook, with more favorable profitability expectations.
GOOGL Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $13.89 | -28% |
| Q3 2026 | $19.16 | +89% |
| Q2 2026 | $19.91 | +112% |
| Q1 2026 | $13.11 | +46% |
| Q4 2025 | $10.81 | +34% |
| Q3 2025 | $10.13 | +34% |
| Q2 2025 | $9.38 | +35% |
| Q1 2025 | $8.96 | +37% |
| Q4 2024 | $8.04 | +39% |
GOOGL's earnings per share have climbed steadily: $19.16 over the past year, up 89% from the year before, and higher year over year for 13 quarters in a row. Its recent earnings include one-off gains.
SPOT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $14.36 | +127% |
| Q2 2026 | $15.25 | +255% |
| Q1 2026 | $11.89 | +91% |
| Q4 2025 | $9.24 | +51% |
| Q3 2025 | $6.32 | +66% |
| Q2 2025 | $4.29 | +70% |
| Q1 2025 | $6.23 | +$6.75 |
| Q4 2024 | $6.12 | +$8.91 |
SPOT's earnings per share have climbed steadily: $14.36 over the past year, up 127% from the year before, and higher year over year for 12 quarters in a row.
GOOGL Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $127.6B | +25% |
| Q2 2026 | $119.8B | +24% |
| Q1 2026 | $109.9B | +22% |
| Q4 2025 | $113.8B | +18% |
| Q3 2025 | $102.3B | +16% |
| Q2 2025 | $96.4B | +14% |
| Q1 2025 | $90.2B | +12% |
| Q4 2024 | $96.5B | +12% |
GOOGL has the edge over SPOT on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 32% | +1.3 points |
| Q2 2026 | 34% | +1.6 points |
| Q1 2026 | 36% | +2.2 points |
| Q4 2025 | 32% | -0.5 points |
| Q3 2025 | 31% | -1.8 points |
| Q2 2025 | 32% | +0.1 points |
| Q1 2025 | 34% | +2.3 points |
| Q4 2024 | 32% | +4.6 points |
GOOGL has the edge over SPOT on profitability, with a higher operating margin.
SPOT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $5.5B | +16% |
| Q2 2026 | $5.3B | +14% |
| Q1 2026 | $5B | +8.2% |
| Q4 2025 | $5B | +6.8% |
| Q3 2025 | $4.7B | +7.1% |
| Q2 2025 | $4.7B | +10% |
| Q1 2025 | $4.7B | +15% |
| Q4 2024 | $4.7B | +16% |
SPOT's revenue has grown year over year every quarter since late 2020: $5.5B last quarter, up 16% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 14% | -0.1 points |
| Q2 2026 | 14% | +4 points |
| Q1 2026 | 16% | +3.6 points |
| Q4 2025 | 15% | +4.2 points |
| Q3 2025 | 14% | +2.2 points |
| Q2 2025 | 9.7% | +2.7 points |
| Q1 2025 | 12% | +7.5 points |
| Q4 2024 | 11% | +13 points |
SPOT's operating margin was 14% last quarter, about level with the same quarter a year ago.
GOOGL Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$9.1B | -137% |
| Q2 2026 | -$5.9B | -210% |
| Q1 2026 | $10.1B | -47% |
| Q4 2025 | $24.6B | -1.2% |
| Q3 2025 | $24.5B | +39% |
| Q2 2025 | $5.3B | -61% |
| Q1 2025 | $19B | +13% |
| Q4 2024 | $24.8B | +215% |
GOOGL usually generates cash, though not every quarter: the latest was −$9.1B, but it generated $19.7B over the past year.
SPOT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $815.4M | -8.9% |
| Q2 2026 | $884.3M | +14% |
| Q1 2026 | $923.2M | +56% |
| Q4 2025 | $926.5M | -4.9% |
| Q3 2025 | $895.4M | +13% |
| Q2 2025 | $776.5M | +43% |
| Q1 2025 | $592.1M | +159% |
| Q4 2024 | $974.3M | +121% |
SPOT has the edge over GOOGL on cash flow, with more consistent year-over-year improvement.
GOOGL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.5% | +59M shares |
| 1 year | +1.4% | +165M shares |
| 3 years | -1.2% | -148M shares |
| 5 years | -6.8% | -907M shares |
| Available history | -10% | -1.4B shares |
GOOGL has 12.4B diluted shares, up 1.4% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | $5.5B |
| Q3 2025 | $11.5B |
| Q2 2025 | $13.6B |
| Q1 2025 | $15.1B |
| Q4 2024 | $15.6B |
GOOGL spent $5.5B buying back its own shares over the past year, down 90% from the year before.
SPOT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -280K shares |
| 1 year | -2.4% | -5.2M shares |
| 3 years | +5.3% | +10.6M shares |
| 5 years | +7.5% | +14.5M shares |
| Available history | +14% | +25.6M shares |
SPOT has the edge over GOOGL on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $347.7M |
| Q2 2026 | $257.7M |
| Q1 2026 | $339.9M |
| Q4 2025 | $423.3M |
| Q3 2025 | $64.4M |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | $47.8M |
SPOT spent $1.4B buying back its own shares over the past year, more than ten times what it spent the year before.
GOOGL Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.4x | Very low |
| Q2 2026 | 0.3x | Very low |
| Q1 2026 | 0.3x | Very low |
| Q4 2025 | 0.1x | Very low |
| Q3 2025 | 0.0x | Very low |
| Q2 2025 | 0.1x | Very low |
| Q1 2025 | -0.1x | Net Cash |
| Q4 2024 | -0.1x | Net Cash |
GOOGL's net debt is less than a year of its operating earnings (EBITDA).
SPOT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.8x | Net Cash |
| Q2 2026 | -1.5x | Net Cash |
| Q1 2026 | -1.6x | Net Cash |
| Q4 2025 | -1.4x | Net Cash |
| Q3 2025 | -1.7x | Net Cash |
| Q2 2025 | -2.0x | Net Cash |
| Q1 2025 | -1.8x | Net Cash |
| Q4 2024 | -1.8x | Net Cash |
SPOT has the edge over GOOGL on leverage, with a lower net debt burden relative to earnings.
GOOGL Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.2 | Neutral |
| Stochastic | 11.7 | Oversold |
GOOGL's weekly RSI is 40 (neutral) and its Stochastic is 12 (oversold).
SPOT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 62.8 | Neutral |
| Stochastic | 86.0 | Overbought |
SPOT's weekly RSI is 63 (neutral) and its Stochastic is 86 (overbought).
GOOGL PE vs Communication Services Sector
| Metric | GOOGL | Sector median | Relative |
|---|---|---|---|
| PE | 16x | 16x | 6% below |
| PE % | 1 | 26 | 25 pts below |
GOOGL has the edge over SPOT on valuation relative to its sector.
SPOT PE vs Communication Services Sector
| Metric | SPOT | Sector median | Relative |
|---|---|---|---|
| PE | 42x | 16x | 153% above |
| PE % | 23 | 26 | 3 pts below |
SPOT is trading at 42x earnings, a 153% premium to the Communication Services sector's median of 16x, though its earnings don't support one.
GOOGL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $320.4 | 6.8% below |
| 20 week MA | $336.1 | 11% below |
| 50 week MA | $334.5 | 11% below |
| 100 week MA | $267.8 | 12% above |
| 200 week MA | $204.7 | 46% above |
GOOGL has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 46% above its 200-week average.
SPOT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $552.7 | 8.3% above |
| 20 week MA | $525.4 | 14% above |
| 50 week MA | $512.5 | 17% above |
| 100 week MA | $570.6 | 4.9% above |
| 200 week MA | $402.8 | 49% above |
SPOT has the edge over GOOGL on trend strength, trading above more of its moving averages.
GOOGL Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $67.7 | $86.7 | +28% |
| 2021 | $86.7 | $146.9 | +69% |
| 2022 | $146.9 | $89.2 | -39% |
| 2023 | $89.2 | $139.7 | +57% |
| 2024 | $139.7 | $192.8 | +38% |
| 2025 | $192.8 | $313.5 | +63% |
| 2026 YTD | $313.5 | $298.7 | -4.7% |
GOOGL has finished higher in five of the last six years, three of them by more than 50%. It's down 4.7% so far in 2026.
SPOT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $153.2 | $328.4 | +114% |
| 2021 | $328.4 | $236.6 | -28% |
| 2022 | $236.6 | $77.7 | -67% |
| 2023 | $77.7 | $187.9 | +142% |
| 2024 | $187.9 | $456.5 | +143% |
| 2025 | $456.5 | $584.4 | +28% |
| 2026 YTD | $584.4 | $598.5 | +2.4% |
SPOT has the edge over GOOGL on returns for 2026, with the stronger performance.