SPGI logo
S&P Global Inc.
SPGI
443.51 (-1.57%) 6.96
Market cap
$130.74(B)
Earnings date
Oct-29-2026
Category
Sector
Financials
Industry
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 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.
EV: $157.39(B)
Total Equity: $36.64(B)
Debt/Equity: 0.43
Dividend/share: $3.9
Div. yield: 0.87%
P/E: 26.99
Forward P/E: 24.82
P/FCF: 23.47
P/S: 8.25
P/B: 4.15
EPS: $16.4
EPS (fwd): $17.9
FCF/share: $18.9
Revenue/share: $53.8
Book value/share: $106.9
ROIC: 7.8%
ROA: 7.0%
ROE: 12.6%
Margins: Gross | Op. | Net
70.9% | 40.2% | 30.5%
0.0%of Portfolio
My holdings
Day change
Total change
PEvaluation
39%
$272
Valuation summary
Min
Max
Average
Median
Valuation comparison
Current price$444
Quality checklist score
4/8
Based on your selected metrics.
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

TTM Financials

Income (TTM)

RevenueGrossNet
Revenue$16.12(B)
Gross profit$11.43(B)
EBITDA$8.14(B)
Net income$4.92(B)
Gross margin70.9%
Operating margin40.2%
Net margin30.5%
Shares outstanding294.77(M)

Balance sheet

Cash & ST inv.Other ST assetsLong term assetsCurrent liabilitiesLong term debtOther LT liabilitiesEquity
Total assets$62.91(B)
Current assets$8.71(B)
Total liabilities$26.27(B)
Current liabilities$9.13(B)
Cash & Short-term inv.$4.13(B)
Long-term debt$12.60(B)
Total intangibles$52.04(B)
PP&E$646.00(M)

Cash flow (TTM)

CFOCFICFF
FCF$5.57(B)
CapEx$-156.00(M)
Dividends paid$-1.16(B)
Stock issued$0
Stock repurchased$-5.38(B)
Stock-based comp.$239.00(M)
Debt issued$3.80(B)
Debt repaid$-3.00(M)

Per share data (TTM)

Price
Price
$444
Income
Revenue
$53.88.2x|12.1%
Gross profit
$38.811.4x|8.7%
Earnings (EPS)
$16.427.0x|3.7%
Cash flow
FCF
$18.923.5x|4.3%
Stock-based comp.
$0.81547.0x|0.2%
CapEx
$0.53838.0x|0.1%
Dividend
$3.86114.9x|0.9%
Balance sheet
Total assets
$2132.1x|48.1%
Total liabilities
$89.15.0x|20.1%
Book value
$1074.2x|24.1%
Cash & ST inv.
$14.031.6x|3.2%
Debt
$42.710.4x|9.6%
Forward earnings
EPS FY+1
$17.924.8x|4.0%
EPS FY+2
$20.221.9x|4.6%
EPS FY+3
$23.019.3x|5.2%
EPS FY+4
$25.217.6x|5.7%
EPS FY+5
$27.616.1x|6.2%
Forward FCF
FCF FY+1
$18.124.5x|4.1%
FCF FY+2
$19.722.5x|4.4%
FCF FY+3
$22.919.3x|5.2%
FCF FY+4
$23.918.6x|5.4%

Summary

SPGI Valuation & Price Targets

Favorite Valuation Methods

PEvaluation
Analyst targets
DCF (2-stage)

More Valuation Methods

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

PEvaluation

CURRENT PRICE
$444
39% Overvalued
BEAR
BASE
BULL
Fair P/E
Margin of safety
EPS
Market Model
ROICRevenue growthFCF MarginShares outstan...Debt/EquityDebt/EBITDA
Economic moat: Very wide

EPS Estimates

LowAvgHigh#
FY+117.617.918.817
FY+219.520.221.023
FY+322.023.026.115
FY+424.325.226.25
FY+526.827.629.03

Analyst Price Targets

CURRENT PRICE
$444
18% Undervalued
BEAR
BASE
BULL

Analyst Recommendations

Strong Buy6
Buy17
Hold1
Sell0
Strong Sell0

2-stage DCF

First Stage Duration: 5 Years
Starting Free Cash Flow
First Stage Growth Rate
Low
Mid
High
Terminal Growth Rate
Low
Mid
High
Discount Rate

Discounted Cash Flow

Forecast years: 5 Years
Terminal Growth Rate
Low
Mid
High
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
Low
Mid
High
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
Low
Mid
High
Final Growth Rate
Low
Mid
High
Discount Rate

EPS Growth

Forecast years: 5 Years
Starting EPS
EPS Growth Rate
Low
Mid
High
Final P/E
Low
Mid
High
Discount Rate

Revenue Growth Valuation

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

Peter Lynch Fair Value

Earnings Per Share
Growth Rate
Low
Mid
High

Graham Formula

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

Growth Estimates

Revenue

CAGR3.2%
TTMFY+1FY+2FY+3FY+4FY+5
TTM
$16.12(B)
FY+1
13
9%
$14.64(B)
FY+2
20
7%
$15.64(B)
FY+3
14
7%
$16.75(B)
FY+4
5
6%
$17.77(B)
FY+5
3
6%
$18.87(B)

Net Income

CAGR7.8%
TTMFY+1FY+2FY+3FY+4FY+5
TTM
$4.92(B)
FY+1
12
6%
$5.22(B)
FY+2
18
8%
$5.65(B)
FY+3
14
11%
$6.25(B)
FY+4
5
7%
$6.68(B)
FY+5
3
7%
$7.16(B)

EPS

CAGR10.9%
TTMFY+1FY+2FY+3FY+4FY+5
TTM
$16.43
FY+1
17
9%
$17.87
FY+2
23
13%
$20.24
FY+3
15
14%
$22.99
FY+4
5
10%
$25.19
FY+5
3
10%
$27.61

FCF per share

CAGR6.0%
TTMFY+1FY+2FY+3FY+4
TTM
$18.90
FY+1
3
4%
$18.07
FY+2
3
9%
$19.71
FY+3
2
16%
$22.94
FY+4
1
4%
$23.87

Historical Financials (in USD)

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/BDebt/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 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 Income 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
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: 0.11%
Institutions: 91.00%
Other: 8.89%

Institutional ownership

8.13% Blackrock Inc.6.55% Vanguard Capital Manag...4.91% State Street Corporati...4.78% TCI Fund Management Lt...2.48% Morgan Stanley2.34% Geode Capital Manageme...2.13% Vanguard Portfolio Man...1.81% Wellington Management ...1.38% Eagle Capital Manageme...1.31% NORGES BANK55.18% Others

Trading Summary

In the past year, insiders have bought a net of $3.59(M).

Total insider buys: $3.59(M)
Total insider sells: $0.00

In the past year, Congress members have sold a net of $32501.

Total congressional buys (avg): $56502
Total congressional sells (avg): $89003

Based on the reported ranges: buys $18004–$95000, sells $33005–$145000.

Insider transactions

$0.002026-10$0.00
$0.002026-09$0.00
$0.002026-08$0.00
$0.002026-07$0.00
$0.002026-06$0.00
$0.002026-05$1.08(M)
$0.002026-04$1.50(M)
$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$0.00
DateSharesTotal ($)Price ($)NameTitle
Buy2026-05-012,5001,078,475431.4CLAY CATHERINE ROfficer
Buy2026-04-301,151500,001434.4MORITZ ROBERT EDWARD JR.Director
Buy2026-04-292,322998,297429.9CHEUNG MARTINAChief Executive Officer
Grant2026-04-011,480629,252425.2CRAIG CHRISTOPHEROfficer
Grant2026-02-271,091482,091441.9ABOAF ERIC WChief Financial Officer
Grant2026-02-2412,27300.0CHEUNG MARTINAChief Executive Officer
Grant2026-02-247,55100.0KEMPS STEVEN JOfficer
Grant2026-02-241,50800.0CRAIG CHRISTOPHEROfficer
Grant2026-02-247,55100.0SAHA SAUGATAOfficer
Grant2026-02-243,77500.0MOORE SALLY ANNOfficer
Grant2026-02-241,22600.0GANESAN GIRISHOfficer
Grant2026-02-2454600.0TWOMEY CHRISTINAOfficer
Grant2026-02-241,69800.0LE PALLEC YANNOfficer
Grant2026-02-241,50800.0ERNSBERGER DAVID POfficer
Grant2026-02-2410,93900.0EAGER WILLIAM WOfficer
Grant2026-02-12768305,050397.2CRAIG CHRISTOPHEROfficer
Buy2026-02-112,500997,459399.0JOLY HUBERTDirector
Grant2026-01-30254134,059527.8EAGER WILLIAM WOfficer
Grant2025-12-31328171,410522.6CRAIG CHRISTOPHEROfficer
Grant2025-12-313,5111,834,813522.6CHEUNG MARTINAChief Executive Officer
Grant2025-12-311,718897,810522.6KEMPS STEVEN JOfficer
Grant2025-12-3113771,595522.6TWOMEY CHRISTINAOfficer
Grant2025-12-31308160,958522.6ERNSBERGER DAVID POfficer
Grant2025-12-314,0662,124,851522.6EAGER WILLIAM WOfficer
Grant2025-12-311,861972,540522.6SAHA SAUGATAOfficer
Grant2025-12-311,109579,552522.6MOORE SALLY ANNOfficer
Grant2025-12-31319166,706522.6GANESAN GIRISHOfficer
Buy2025-12-102311,917518.1EAGER WILLIAM WOfficer
Grant2025-10-3118891,595487.2TWOMEY CHRISTINAOfficer
Grant2025-10-0118187,182481.7GANESAN GIRISHOfficer

Congressional trading

$0.002026-10$0.00
$0.002026-09$0.00
$0.002026-08$0.00
$0.002026-07$0.00
$0.002026-06$0.00
$0.002026-05$0.00
$0.002026-04$0.00
$0.002026-03$0.00
$0.002026-02$0.00
$80012026-01$0.00
$0.002025-12$0.00
$0.002025-11$32501
$325012025-10$0.00
DatePoliticianPartyChamberAmount ($)
Sell2026-01-29Ro KhannaDHouse$1,001 - $15,000
Buy2025-11-03Ro KhannaDHouse$15,001 - $50,000
Sell2025-10-07Ro KhannaDHouse$15,001 - $50,000
Sell2025-09-29Ro KhannaDHouse$15,001 - $50,000
Sell2025-09-23Val T. HoyleDHouse$1,001 - $15,000
Sell2025-09-23Val T. HoyleDHouse$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

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What is the Future Dividend Income Calculator?

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