S&P Global (SPGI) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

S&P Global

NYSE•Financial Services•Financial Data & Stock Exchanges

$475.17+8.62(0.02%)After hours

Market Cap

$135.80B

P/E

27.2x

P/S

8.5x

P/B

6.9x

S&P Global Inc., together with its subsidiaries, provides benchmarks, data, analytics, and workflow solutions in the global capital, energy and commodity, and automotive markets. It operates through four segments: S&P Global Market Intelligence, S&P Global Ratings, S&P Global Energy, and S&P Dow Jones Indices. The S&P Global Market Intelligence segment provides multi-asset-class data and analytics integrated with purpose-built workflow solutions. This segment offers Data, Analytics & Insights, a desktop product suite that provides data, analytics, and third-party research for global finance and corporate professionals; research, reference data, market data, derived analytics, and valuation services; enterprise solutions, such as software and workflow solutions; and credit and risk solutions for selling Ratings' credit ratings and related data and research, analytics, and financial risk solutions. The S&P Global Ratings segment operates as an independent provider of credit ratings, research, and analytics offering investors information and independent benchmarks for their investment and financial decisions as well as access to the capital markets. The S&P Global Energy segment provides information and benchmark prices for the energy and commodity markets. The S&P Dow Jones Indices segment operates as an index provider that maintains various valuation and index benchmarks for investment advisors, wealth managers, and institutional investors. It has operations in the United States, European region, Asia, and internationally. S&P Global Inc. was founded in 1860 and is headquartered in New York, New York.

How this company scores

GoodMetricSide Score: 79/100

Strongest: Profitability (25/25); weakest: Balance Sheet & Red Flags (15/25).

Profitability25/25

Growth21/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality18/25

Strengths

Strong marginsHigh ROERising earningsInterest easily covered

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 27.2x5y range 23.2x – 50.9x

Currently near its 20-quarter median.

P/S · 8.5x5y range 7.1x – 12.9x

Currently near its 20-quarter median.

P/B · 6.9x5y range 2.6x – 52.8x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Leverage Risk

Watch

Debt-to-equity has risen 56.8% recently — increasing financial risk even if the current ratio is manageable.

Price & Volume

Market Cap $135.80B

Metrics at a Glance

as of September 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $15.91B
Q. Revenue: $3.68B
TTM EBITDA: $8.42B
TTM Op. Income: $7.44B
Q. Op. Income: $1.96B
TTM Net Income: $4.99B
Q. Net Income: $1.24B
EPS: $4.25
Shares Out.: $291.40M

$15.91B in TTM revenue grew 6.0% YoY, reaching $3.68B last quarter. TTM EBITDA of $8.42B and TTM operating income of $7.44B show growth is flowing through to the bottom line. TTM net income of $4.99B means revenue is converting into profit. Over the past year, TTM revenue is up 6% — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 71.9%
EBITDA Margin: 54.5%
Op. Margin: 53.2%
Net Margin: 33.7%

Op. margin of 53.2% is up 10.1% YoY — cost efficiency is improving. Net margin at 33.7% and gross margin of 71.9% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 23% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 27.2x
P/S Ratio: 8.5x
P/B Ratio: 6.9x

At 27.2x P/E, the stock trades within typical market levels. P/S of 8.5x and P/B of 6.9x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 19% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $48.03B
Cash: $2.44B
Long-Term Debt: $10.61B
Book Value: $19.71B
D/E Ratio: 0.5
Debt/EBITDA: 5.3

With $48.03B in assets and $10.61B in long-term debt, D/E is 0.5and book value is $19.71B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has risen for 2 consecutive quarters — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $1.19B
TTM Free Cash Flow: $5.27B
FCF Margin: 33.1%
FCF / Net Income: 1.1

TTM FCF of $5.27B on $1.19B in operating cash flow. The FCF / Net Income ratio of 1.1x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is down 3% — a weakening trend.