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

$404.11-2.65(-0.01%)After hours

Market Cap

$120.16B

P/E

24.4x

P/S

7.5x

P/B

3.8x

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

ExcellentMetricSide Score: 82/100

Strongest: Profitability (22/25); weakest: Balance Sheet & Red Flags (18/25).

Profitability22/25

Growth21/25

Balance Sheet & Red Flags18/25

Cash & Earnings Quality21/25

Strengths

Strong marginsHigh ROERising earningsLow leverage

No red flags in the last 8 quarters.

Valuation vs. 5-year range

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

P/E · 24.4x5y range 24.4x – 50.9x

Currently below its 20-quarter median.

P/S · 7.5x5y range 7.5x – 12.9x

Currently near its 20-quarter median.

P/B · 3.8x5y range 2.6x – 52.8x

Price & Volume

Market Cap $120.16B

Metrics at a Glance

as of June 2026

Revenue & Profit

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

TTM Revenue: $16.12B
Q. Revenue: $4.15B
TTM EBITDA: $8.36B
TTM Op. Income: $7.16B
Q. Op. Income: $1.81B
TTM Net Income: $4.92B
Q. Net Income: $1.22B
EPS: $4.12
Shares Out.: $295.40M

$16.12B in TTM revenue grew 9.7% YoY, reaching $4.15B last quarter. TTM EBITDA of $8.36B and TTM operating income of $7.16B show growth is flowing through to the bottom line. TTM net income of $4.92B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 71.9%
EBITDA Margin: 50.3%
Op. Margin: 43.7%
Net Margin: 29.4%

Op. margin of 43.7% is up 2.4% YoY — cost efficiency is improving. Net margin at 29.4% and gross margin of 71.9% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 6% — a weakening trend.

Price Ratios

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

P/E Ratio: 24.4x
P/S Ratio: 7.5x
P/B Ratio: 3.8x

At 24.4x P/E, the stock trades within typical market levels. P/S of 7.5x and P/B of 3.8x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has fallen for 2 consecutive quarters — an improving trend.

Assets & Liabilities

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

Total Assets: $62.91B
Cash: $4.13B
Long-Term Debt: $12.60B
Book Value: $31.50B
D/E Ratio: 0.4
Debt/EBITDA: 6.0

With $62.91B in assets and $12.60B in long-term debt, D/E is 0.4and book value is $31.50B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is up 17% — a weakening trend.

Cash Flow

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

Op. Cash Flow: $1.44B
TTM Free Cash Flow: $5.57B
FCF Margin: 34.6%
FCF / Net Income: 1.1

TTM FCF of $5.57B on $1.44B in operating cash flow. The FCF / Net Income ratio of 1.1x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 2 consecutive quarters — an improving trend.