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S&P Global Inc.
SPGI
418.27 (3.33%) 13.94
Financials
Capital Markets
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 five segments: S&P Global Market Intelligence S&P Global Ratings S&P Global Energy S&P Global Mobility 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 Global Mobility segment offers solutions for the full automotive value chain including vehicle manufacturers automotive suppliers mobility service providers retailers consumers and finance and insurance companies. 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.

Quality Checklist 4/8

Debt/Equity < 1
Net Margin > 10%
Past Net Income CAGR > 0%
Est. EPS Growth > 5%
5Y Shares Out Change < 0%
ROIC > 10%
Current Ratio > 1
Quick Ratio > 1
0.0%of Portfolio

My holdings

Day change:
Total change:
Shares:
Cost basis:
Market cap: $124.97(B)
EV: $144.00(B)
Total Equity: $36.15(B)
Earnings date: Apr-30-2026
P/E: 28.51
Forward P/E: 21.32
P/FCF: 22.91
P/S: 8.31
P/B: 4.02
EPS: $14.7
EPS (fwd): $19.6
FCF/share: $18.3
Revenue/share: $50.3
Book value/share: $104.2
ROIC: 7.8%
ROA: 7.0%
ROE: 12.6%
Debt/Equity: 0.38
Current Ratio: 0.80
Gross margin: 70.3%
Operating margin: 40.2%
Net margin: 29.1%
Dividend/share: $3.8
Div. yield: 0.92%

SPGI Valuation & Price Targets

Current Price
$418

Favorite Valuation Methods

More Valuation Methods

DCF (simple)
N/A
N/A
DCF (exit mult.)
N/A
N/A
DDM
N/A
N/A
EPS growth
N/A
N/A
Revenue growth
N/A
N/A
Peter Lynch FV
N/A
N/A
Graham No.
N/A
N/A

PEvaluation

24% overvalued
Low
$238
Mid
$317
High
$396
Current price
$418
Fair P/E
Margin of safety
EPS
Market Model
ROICRevenue growthFCF MarginShares outstan...Debt/EquityDebt/EBITDA
Economic moat: Very wide

EPS Estimates

LowAvgHigh#
FY+118.919.619.924
FY+221.522.122.723
FY+324.325.128.813
FY+427.127.327.64
FY+530.230.631.23

Analyst Price Targets

31% undervalued
Low
$480
Mid
$550
High
$625
Current price
$418

Analyst Recommendations

Strong Buy5
Buy18
Hold1
Sell0
Strong Sell0

2-stage DCF

First Stage Duration: 5 Years
Starting Free Cash Flow
First Stage Growth Rate
LowMidHigh
Terminal Growth Rate
LowMidHigh
Discount Rate

Discounted Cash Flow

Forecast years: 5 Years
Terminal Growth Rate
LowMidHigh
Discount Rate
Free cash flow estimates:
Y+1 est.
Y+2 est.
0.00%
Y+3 est.
0.00%
Y+4 est.
0.00%
Y+5 est.
0.00%

Discounted Cash Flow (exit mult.)

Forecast years: 5 Years
Exit FCF Multiple
LowMidHigh
Discount Rate
Free cash flow estimates:
Y+1 est.
Y+2 est.
0.00%
Y+3 est.
0.00%
Y+4 est.
0.00%
Y+5 est.
0.00%

Dividend Discount Model

Annual Dividend
First Stage Length (Years): 0 Years
First Stage Growth Rate
Final Growth Rate
Discount Rate

EPS Growth

Forecast years: 5 Years
Starting EPS
EPS Growth Rate
LowMidHigh
Final P/E
LowMidHigh
Discount Rate

Revenue Growth Valuation

Forecast Years: 10 Years
Base Revenue
Revenue Growth Rate
LowMidHigh
Final Net Margin
LowMidHigh
Final P/E Ratio
LowMidHigh
Discount Rate

Peter Lynch Fair Value

Earnings Per Share
Growth Rate

Graham Formula

Earnings Per Share
EPS Growth (7-10 years)
Government Bond Rate

TTM Financials

Income (TTM)

RevenueGrossNet
Revenue$15.34(B)
Gross profit$10.77(B)
EBITDA$7.64(B)
Net income$4.47(B)
Gross margin70.3%
Operating margin40.2%
Net margin29.1%
Shares outstanding298.78(M)

Balance sheet

Cash & ST inv.Other ST assetsLong term assetsCurrent liabilitiesLong term debtOther LT liabilitiesEquity
Total assets$61.20(B)
Current assets$6.30(B)
Total liabilities$25.05(B)
Current liabilities$7.64(B)
Cash & Short-term inv.$1.80(B)
Long-term debt$12.37(B)
Total intangibles$52.93(B)
PP&E$691.00(M)

Cash flow (TTM)

CFOCFICFF
FCF$5.46(B)
CapEx$-195.00(M)
Dividends paid$-1.17(B)
Stock issued$0
Stock repurchased$-5.13(B)
Stock-based comp.$236.00(M)
Debt issued$1.71(B)
Debt repaid$-4.00(M)

Per share data (TTM)

Price: $418
Revenue: $50.3 (8.3x | 12.0%) Gross profit: $36.1 (11.6x | 8.6%) Earnings: $14.7 (28.5x | 3.5%)
FCF: $18.3 (22.9x | 4.4%) Stock-based Comp.: $0.79 (529.5x | 0.2%) CapEx.: $0.65 (640.9x | 0.2%) Dividend: $3.84 (108.9x | 0.9%)
Total Assets: $205 (2.0x | 49.0%) Total Liabilities: $83.8 (5.0x | 20.0%) Book Value: $104 (4.0x | 24.9%) Cash & ST inv.: $6.03 (69.4x | 1.4%) Debt: $41.4 (10.1x | 9.9%)
Earnings FY+1: $19.6 (21.3x | 4.7%) Earnings FY+2: $22.1 (19.0x | 5.3%) Earnings FY+3: $25.1 (16.6x | 6.0%) Earnings FY+4: $27.3 (15.3x | 6.5%) Earnings FY+5: $30.6 (13.7x | 7.3%)
FCF FY+1: $19.5 (21.5x | 4.7%) FCF FY+2: $21.6 (19.4x | 5.2%)

Summary

Growth Estimates

Revenue

CAGR: 6.6%
FY+1FY+2FY+3FY+4FY+5
FY+1$16.49(B)
FY+2(+7.3%)$17.70(B)
FY+3(+7.1%)$18.95(B)
FY+4(+5.7%)$20.02(B)
FY+5(+6.4%)$21.31(B)

Net Income

CAGR: 8.4%
FY+1FY+2FY+3FY+4FY+5
FY+1$5.80(B)
FY+2(+9.3%)$6.34(B)
FY+3(+11.1%)$7.04(B)
FY+4(+4.9%)$7.38(B)
FY+5(+8.2%)$7.99(B)

EPS

CAGR: 11.8%
FY+1FY+2FY+3FY+4FY+5
FY+1$19.62
FY+2(+12.5%)$22.07
FY+3(+13.9%)$25.14
FY+4(+8.6%)$27.30
FY+5(+12.1%)$30.61

FCF per share

CAGR: 10.8%
FY+1FY+2
FY+1$19.50
FY+2(+10.8%)$21.60

Historical Financials

Showing limited histrical data.
TTM (Y)TTM (Q)FYFQ
Income(show more...)
Q3'20 (TTM)Q3'21 (TTM)Q3'22 (TTM)Q3'23 (TTM)Q3'24 (TTM)Q3'25 (TTM)0.02.0(B)4.0(B)6.0(B)8.0(B)10.0(B)12.0(B)14.0(B)
Revenue Operating Income Net IncomeCOGSGross ProfitTotal OpEx.R&DSG&AInterest ExpenseInterest IncomeOther Non-operating IncomePre-tax incomeIncome tax
Cash flow(show more...)
Q3'20 (TTM)Q3'21 (TTM)Q3'22 (TTM)Q3'23 (TTM)Q3'24 (TTM)Q3'25 (TTM)0.01.0(B)2.0(B)3.0(B)4.0(B)5.0(B)
Stock-based Comp. FCFCFONet IncomeD&AChange in Working CapitalCFFStock IssuedStock RepurchasedDebt IssuedDebt RepaidDividend PaidCFIAcquisitionsDivestituresCapital Expenditures
Balance sheet(show more...)
Q3'20 (TTM)Q3'21 (TTM)Q3'22 (TTM)Q3'23 (TTM)Q3'24 (TTM)Q3'25 (TTM)0.010.0(B)20.0(B)30.0(B)40.0(B)50.0(B)60.0(B)
Total Assets Total LiabilitiesCurrent assetsCash and EquivalentsShort-term investmentsInventoriesReceivablesNon-current assetsNet PP&EIntangible AssetsGoodwillCurrent liabilitiesShort-Term DebtAccounts payableNon-current liabilitiesLong-Term DebtTotal Equity
Per share data(show more...)
Q3'20 (TTM)Q3'21 (TTM)Q3'22 (TTM)Q3'23 (TTM)Q3'24 (TTM)Q3'25 (TTM)0.05.010.015.0
EPS (Basic) FCF/Share Dividend/ShareEPS (Diluted)Book value/ShareCash & ST inv./ShareDebt/Share
Ratios(show more...)
Q3'20 (TTM)Q3'21 (TTM)Q3'22 (TTM)Q3'23 (TTM)Q3'24 (TTM)Q3'25 (TTM)0.010.020.030.040.050.0
P/E P/S EV/EarningsP/FCFP/BEV/FCFDebt/EquityPayout ratio
Margins(show more...)
Q3'20 (TTM)Q3'21 (TTM)Q3'22 (TTM)Q3'23 (TTM)Q3'24 (TTM)Q3'25 (TTM)0%20%40%60%
Net Income Margin Operating Margin Gross MarginEBITDA MarginFCF Margin
Returns(show more...)
Q3'20 (TTM)Q3'21 (TTM)Q3'22 (TTM)Q3'23 (TTM)Q3'24 (TTM)Q3'25 (TTM)0%5%10%15%20%25%
ROIC ROAROCEROE
Shares outstanding(show more...)
Q3'20 (TTM)Q3'21 (TTM)Q3'22 (TTM)Q3'23 (TTM)Q3'24 (TTM)Q3'25 (TTM)0.050.0(M)100.0(M)150.0(M)200.0(M)250.0(M)300.0(M)
Shares (Basic)Shares (Diluted)
Market Cap.(show more...)
Q3'20 (TTM)Q3'21 (TTM)Q3'22 (TTM)Q3'23 (TTM)Q3'24 (TTM)Q3'25 (TTM)0.050.0(B)100.0(B)150.0(B)
Market Cap.

KPIs

Operating Margin By Segment(show more...)
9/202312/20233/20246/20249/202412/20243/20256/20259/202512/2025
Global Commodity Insights Engineering Solutions Dow Jones Indices Global Ratings Global Mobility Global Market Intelligence
Recurring Revenue As A Percent Of Revenue(show more...)
9/202312/20233/20246/20249/202412/20243/20256/20259/202512/2025
Global Mobility Global Market Intelligence Dow Jones Indices Global Commodity
Revenue By Segement(show more...)
9/202312/20233/20246/20249/202412/20243/20256/20259/202512/2025
Global Commodity Insights Engineering Solutions Dow Jones Indices Global Ratings Global Mobility Global Market Intelligence

SPGI vs Peers

Similar Companies

Ownership

Major holders

*Excludes indirect insider ownership

Insiders: 0.28%
Institutions: 91.94%
Other: 7.78%

Institutional ownership

10.17% Vanguard Group Inc8.64% Blackrock Inc.4.77% State Street Corporati...3.74% TCI Fund Management Lt...2.79% Morgan Stanley2.30% Geode Capital Manageme...2.09% Wellington Management ...1.77% Bank of America Corpor...1.54% NORGES BANK1.38% FMR, LLC52.75% Others

Trading Summary

In the past year, insiders have bought $1.01(M) worth of the company's stock, and sold $13.03(M).

Congress members have bought between $146013 - $490000 worth of the company's stock, and sold between $99008 - $310000.

Insider transactions

$0.002026-03$0.00
$0.002026-02$997459
$0.002026-01$0.00
$0.002025-12$11917
$0.002025-11$0.00
$0.002025-10$0.00
$0.002025-09$0.00
$2.12(M)2025-08$0.00
$0.002025-07$0.00
$0.002025-06$0.00
$10.90(M)2025-05$0.00
$0.002025-04$0.00
$0.002025-03$0.00
DateSharesTotal ($)Price ($)NameTitle
Grant2026-02-12768305,050397.2CRAIG CHRISTOPHEROfficer
Buy2026-02-112,500997,459399.0JOLY HUBERTDirector
Grant2026-01-30254134,059527.8EAGER WILLIAM WOfficer
Grant2025-12-311,718897,810522.6KEMPS STEVEN JOfficer
Grant2025-12-313,5111,834,813522.6CHEUNG MARTINAChief Executive Officer
Grant2025-12-31328171,410522.6CRAIG CHRISTOPHEROfficer
Grant2025-12-311,861972,540522.6SAHA SAUGATAOfficer
Grant2025-12-311,109579,552522.6MOORE SALLY ANNOfficer
Grant2025-12-31319166,706522.6GANESAN GIRISHOfficer
Grant2025-12-3113771,595522.6TWOMEY CHRISTINAOfficer
Grant2025-12-31308160,958522.6ERNSBERGER DAVID POfficer
Grant2025-12-314,0662,124,851522.6EAGER WILLIAM WOfficer
Buy2025-12-102311,917518.1EAGER WILLIAM WOfficer
Grant2025-10-3118891,595487.2TWOMEY CHRISTINAOfficer
Grant2025-10-0118187,182481.7GANESAN GIRISHOfficer
Sell2025-08-082,0001,122,240561.1SAHA SAUGATAOfficer
Sell2025-08-061,799998,526555.0TAVERNIER EDOUARDOfficer
Grant2025-08-01407222,084545.7LE PALLEC YANNOfficer
Sell2025-05-052,0001,017,640508.8KEMPS STEVEN JOfficer
Sell2025-05-05499255,148511.3MOORE SALLY ANNOfficer
Sell2025-05-0119,1739,631,629502.4PETERSON DOUGLAS LDirector
Grant2025-04-011,435732,969510.8CRAIG CHRISTOPHEROfficer
Grant2025-03-0410,69700.0KEMPS STEVEN JOfficer
Grant2025-03-0435,51300.0PETERSON DOUGLAS LDirector
Grant2025-03-0418,97600.0CHEUNG MARTINAChief Executive Officer
Grant2025-03-048,83000.0KOCHERLAKOTA SITARAMA SWAMYOfficer
Grant2025-03-0428700.0CRAIG CHRISTOPHEROfficer
Grant2025-03-048,83000.0TAVERNIER EDOUARDOfficer
Grant2025-03-048,25500.0DRAPER DANIEL EOfficer
Grant2025-03-045,27600.0SAHA SAUGATAOfficer
Grant2025-03-044,55800.0MOORE SALLY ANNOfficer
Grant2025-03-0423300.0GANESAN GIRISHOfficer
Grant2025-03-0410400.0TWOMEY CHRISTINAOfficer
Grant2025-03-0425100.0LE PALLEC YANNOfficer
Grant2025-03-0423300.0ERNSBERGER DAVID POfficer
Grant2025-03-0419700.0ERAMO MARKOfficer
Grant2025-02-251,30000.0THORNBURGH RICHARD E.Director

Congressional trading

$0.002026-03$0.00
$0.002026-02$0.00
$80012026-01$0.00
$0.002025-12$0.00
$0.002025-11$97502
$325012025-10$0.00
$0.002025-09$0.00
$0.002025-08$97003
$0.002025-07$16001
$325012025-06$0.00
$750012025-05$0.00
$240022025-04$107501
$0.002025-03$0.00
DatePoliticianPartyChamberAmount ($)
Sell2026-01-29Ro KhannaDHouse$1,001 - $15,000
Buy2025-11-10Ro KhannaDHouse$15,001 - $50,000
Buy2025-11-03Ro KhannaDHouse$15,001 - $50,000
Buy2025-11-03Ro KhannaDHouse$15,001 - $50,000
Sell2025-10-07Ro KhannaDHouse$15,001 - $50,000
Buy2025-08-26Ro KhannaDHouse$1,001 - $15,000
Buy2025-08-26Ro KhannaDHouse$1,001 - $15,000
Buy2025-08-26Ro KhannaDHouse$1,001 - $15,000
Buy2025-08-18Dan NewhouseRHouse$1,001 - $15,000
Buy2025-08-04Ro KhannaDHouse$15,001 - $50,000
Buy2025-08-04Ro KhannaDHouse$15,001 - $50,000
Buy2025-07-25Ro KhannaDHouse$1,001 - $15,000
Buy2025-07-25Ro KhannaDHouse$1,001 - $15,000
Sell2025-06-23Ro KhannaDHouse$15,001 - $50,000
Sell2025-05-12Jefferson ShreveRHouse$50,001 - $100,000
Buy2025-04-17Jefferson ShreveRHouse$50,001 - $100,000
Sell2025-04-15Ro KhannaDHouse$1,001 - $15,000
Sell2025-04-09Ro KhannaDHouse$1,001 - $15,000
Buy2025-04-08Rob BresnahanRHouse$15,001 - $50,000
Sell2025-04-07Julie JohnsonDHouse$1,001 - $15,000
Sell2025-02-11Daniel S. GoldmanDHouse$15,001 - $50,000

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