S&P Global Inc.
SPGINYSE
$452.65
Last price · USD
- Market cap
- $138.1B
- P/E
- 30.9x
- EV / EBITDA
- 19.6x
- P/S
- 9.0x
- FCF yield
- 4.0%
- Div. yield
- 0.85%
Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.
S&P Global Inc. key metrics & ratios
Annual · USD millions except per-share data · 36 lines
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 | CAGR | |
|---|---|---|---|---|---|---|---|
| Growth (year over year) | |||||||
| Revenue growth | 7.9% | 13.7% | 11.8% | 34.8% | — | — | |
| Operating income growth | 16.1% | 38.8% | -18.7% | 17.1% | — | — | |
| Net income growth | 16.1% | 46.7% | -19.2% | 7.4% | — | — | |
| EPS (diluted) growth | 18.7% | 50.1% | -19.3% | -18.5% | — | — | |
| Free cash flow growth | -2.0% | 56.0% | 41.9% | -29.4% | — | — | |
| Margins | |||||||
| Gross margin | 70.2% | 69.1% | 66.9% | 66.4% | 73.7% | — | |
| Operating margin | 42.2% | 39.3% | 32.2% | 44.2% | 50.9% | — | |
| EBITDA margin | 50.2% | 47.7% | 41.2% | 53.8% | 53.8% | — | |
| Net margin | 29.2% | 27.1% | 21.0% | 29.0% | 36.4% | — | |
| FCF margin | 35.6% | 39.2% | 28.5% | 22.5% | 42.9% | — | |
| Returns on capital | |||||||
| Return on equity | 14.3% | 11.6% | 7.7% | 8.9% | 148.8% | — | |
| Return on assets | 7.3% | 6.4% | 4.3% | 5.3% | 20.1% | — | |
| Return on invested capital | 11.5% | 10.1% | 7.1% | 7.9% | 1395.6% | — | |
| Leverage & liquidity | |||||||
| Debt / equity | 0.45x | 0.36x | 0.35x | 0.32x | 2.31x | — | |
| Net debt / EBITDA | 1.62x | 1.51x | 2.08x | 1.72x | -0.40x | — | |
| Current ratio | 0.82x | 0.85x | 0.84x | 0.94x | 2.31x | — | |
| Interest coverage | 22.57x | 18.79x | 12.04x | 16.26x | 35.47x | — | |
| Profitability & operating | |||||||
| EBIT | 6,514 | 5,605 | 4,005 | 5,006 | 4,283 | +11.1% | |
| EBITDA | 7,693 | 6,778 | 5,148 | 6,019 | 4,461 | +14.6% | |
| Operating income | 6,478 | 5,580 | 4,020 | 4,944 | 4,221 | +11.3% | |
| Income before tax | 6,227 | 5,308 | 3,671 | 4,702 | 4,164 | +10.6% | |
| Net income | 4,471 | 3,852 | 2,626 | 3,248 | 3,024 | +10.3% | |
| Earnings per share | |||||||
| EPS (basic) | $14.67 | $12.36 | $8.25 | $10.25 | $12.56 | +4.0% | |
| EPS (diluted) | $14.66 | $12.35 | $8.23 | $10.20 | $12.51 | +4.0% | |
| Share count (millions) | |||||||
| Weighted avg shares outstanding | 305 | 312 | 318 | 317 | 241 | +6.1% | |
| Weighted avg shares outstanding (diluted) | 305 | 312 | 319 | 319 | 242 | +6.0% | |
| Balance sheet highlights | |||||||
| Net debt | 12,455 | 10,267 | 10,710 | 10,365 | (1,795) | — | |
| Total debt | 14,200 | 11,933 | 12,000 | 11,651 | 4,702 | +31.8% | |
| Total investments | 659 | 1,794 | 1,813 | 1,766 | 176 | +39.1% | |
| Total stockholders' equity | 31,235 | 33,159 | 34,200 | 36,477 | 2,032 | +98.0% | |
| Total assets | 61,200 | 60,221 | 60,589 | 61,784 | 15,026 | +42.1% | |
| Cash flow highlights | |||||||
| Free cash flow | 5,456 | 5,565 | 3,567 | 2,514 | 3,563 | +11.2% | |
| Operating cash flow | 5,651 | 5,689 | 3,710 | 2,603 | 3,598 | +11.9% | |
| Capital expenditure | (195) | (124) | (143) | (89) | (35) | — | |
| Net cash from operating activities | 5,651 | 5,689 | 3,710 | 2,603 | 3,598 | +11.9% | |
| Additional fields | |||||||
| Accrued Expenses | 988 | 0 | 0 | 0 | 0 | — | |