In this article, we investigate the spectra of the stability and Hodge–Laplacian operators on a compact manifold immersed as a hypersurface in a smooth metric measure space, possibly with singularities. Using ideas developed by A. Ros and A. Savo, along with an ingenious computation, we have obtained a comparison between the spectra of these operators. As a byproduct of this technique, we have deduced an estimate of the Morse index of such hypersurfaces.