Item 1. Business S&P Global Inc. (together with its consolidated subsidiaries, “S&P Global,” the “Company,” the “Registrant,” “we,” “us” or “our”) is a global, diversified, and highly differentiated provider of benchmarks, data, analytics and workflow solutions in the global capital, energy and commodity, and automotive markets. The capital markets include asset managers, investment banks, commercial banks, insurance companies, exchanges, trading firms and issuers; the energy and commodity markets include producers, consumers, traders and intermediaries within energy, chemicals, shipping, metals, carbon and agriculture; and the automotive markets include manufacturers, suppliers, dealerships, service shops and customers. We serve our global customers through a broad range of products and services available through both third-party and proprietary distribution channels. We were incorporated in December of 1925 under the laws of the state of New York.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 15.3B | 15.3B | 14.2B | 12.5B | 11.2B | 8.3B |
| Net Income | 4.5B | 4.5B | 3.9B | 2.6B | 3.2B | 3.0B |
| EPS | $14.66 | $14.66 | $12.35 | $8.23 | $10.20 | $12.51 |
| Free Cash Flow | 5.5B | 5.5B | 5.6B | 3.6B | 2.5B | 3.6B |
| ROIC | 11.3% | 11.6% | 10.1% | 7.1% | 7.9% | 2501.6% |
| Gross Margin | 70.2% | 70.2% | 69.3% | 66.9% | 66.4% | 73.5% |
| Debt/Equity | 0.46 | 0.46 | 0.36 | 0.35 | 0.32 | 2.27 |
| Dividends/Share | $3.84 | $3.84 | $3.64 | $3.60 | $3.32 | $3.08 |
| Operating Income | 6.5B | 6.5B | 5.6B | 4.0B | 4.9B | 4.2B |
| Operating Margin | 42.2% | 42.2% | 39.3% | 32.2% | 44.2% | 50.9% |
| ROE | 14.4% | 13.9% | 11.6% | 7.7% | 8.9% | 148.8% |
| Shares Outstanding | 305M | 305M | 312M | 319M | 318M | 242M |
S&P Global Inc. passes 6 of 9 quality checks, suggesting mixed fundamentals.
S&P Global Inc. trades at 29.3x trailing earnings, compared to its 15-year median P/E of 31.5x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 23.6x vs a median of 26.0x. The company's 5-year average ROIC is 9.2% with a gross margin of 69.3%. Total shareholder yield (dividends + buybacks) is 4.7%. At current prices, the estimated annualized return to fair value is +7.2%.
S&P Global Inc. (SPGI) has a current P/E ratio of 29.3, compared to its historical median P/E of 31.5. The stock is currently considered Fair based on its historical valuation range.
S&P Global Inc. (SPGI) has a 5-year average return on invested capital (ROIC) of 9.2%. This is below average and may indicate limited pricing power.
S&P Global Inc. (SPGI) has a market capitalization of $131.2B. It is classified as a large-cap stock.
Yes, S&P Global Inc. (SPGI) pays a dividend with a trailing twelve-month yield of 0.89%. The company also returns capital through share buybacks, with a buyback yield of 3.81%.
Based on historical P/E analysis, S&P Global Inc. (SPGI) appears fair. The current P/E of 29.3 is 7% below its historical median of 31.5. The estimated fair value CAGR (P/E method) is 4.8%.
S&P Global Inc. (SPGI) operates in the Services-Consumer Credit Reporting, Collection Agencies industry, within the Industrials sector.
S&P Global Inc. (SPGI) reported annual revenue of $15.3 billion in its most recent fiscal year, based on SEC EDGAR filings.
S&P Global Inc. (SPGI) has a net profit margin of 29.2%. This is a strong margin indicating high profitability.
S&P Global Inc. (SPGI) generated $5.5 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
S&P Global Inc. (SPGI) has a debt-to-equity ratio of 0.46. This indicates a conservatively financed balance sheet.
S&P Global Inc. (SPGI) reported earnings per share (EPS) of $14.66 in its most recent fiscal year.
S&P Global Inc. (SPGI) has a return on equity (ROE) of 13.9%. This indicates moderate shareholder returns.
S&P Global Inc. (SPGI) has a 5-year average gross margin of 69.3%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 19 years of financial data for S&P Global Inc. (SPGI), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
S&P Global Inc. (SPGI) has a book value per share of $102.06, based on its most recent annual SEC filing.