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RELX vs SPGI
Revenue, margins, valuation, and 5-year total return — side by side.
Financial - Data & Stock Exchanges
RELX vs SPGI — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Publishing | Financial - Data & Stock Exchanges |
| Market Cap | $61.76B | $126.89B |
| Revenue (TTM) | $18.84B | $15.34B |
| Net Income (TTM) | $3.82B | $4.78B |
| Gross Margin | 64.7% | 70.2% |
| Operating Margin | 30.4% | 42.2% |
| Forward P/E | 24.1x | 21.8x |
| Total Debt | $6.54B | $14.20B |
| Cash & Equiv. | $119M | $1.75B |
RELX vs SPGI — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| RELX Plc (RELX) | 100 | 146.6 | +46.6% |
| S&P Global Inc. (SPGI) | 100 | 131.9 | +31.9% |
Price return only. Dividends and distributions are not included.
Quick Verdict: RELX vs SPGI
Each card shows where this stock fits in a portfolio — not just who wins on paper.
RELX is the clearest fit if your priority is income & stability and sleep-well-at-night.
- Dividend streak 14 yrs, beta 0.44, yield 2.4%
- Lower volatility, beta 0.44, current ratio 0.52x
- Beta 0.44, yield 2.4%, current ratio 0.52x
SPGI carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.
- Rev growth 7.9%, EPS growth 18.7%
- 337.1% 10Y total return vs RELX's 121.7%
- PEG 2.51 vs RELX's 4.02
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 7.9% NII/revenue growth vs RELX's 3.0% | |
| Value | Lower P/E (21.8x vs 24.1x), PEG 2.51 vs 4.02 | |
| Quality / Margins | 29.2% margin vs RELX's 20.3% | |
| Stability / Safety | Beta 0.44 vs SPGI's 0.58 | |
| Dividends | 2.4% yield, 14-year raise streak, vs SPGI's 0.9% | |
| Momentum (1Y) | -14.5% vs RELX's -36.2% | |
| Efficiency (ROA) | 26.6% ROA vs SPGI's 7.9%, ROIC 21.8% vs 9.7% |
RELX vs SPGI — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
RELX vs SPGI — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
SPGI leads this category, winning 5 of 5 comparable metrics.
Income & Cash Flow (Last 12 Months)
RELX and SPGI operate at a comparable scale, with $18.8B and $15.3B in trailing revenue. SPGI is the more profitable business, keeping 29.2% of every revenue dollar as net income compared to RELX's 20.3%.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $18.8B | $15.3B |
| EBITDAEarnings before interest/tax | $6.0B | $7.8B |
| Net IncomeAfter-tax profit | $3.8B | $4.8B |
| Free Cash FlowCash after capex | $5.0B | $5.6B |
| Gross MarginGross profit ÷ Revenue | +64.7% | +70.2% |
| Operating MarginEBIT ÷ Revenue | +30.4% | +42.2% |
| Net MarginNet income ÷ Revenue | +20.3% | +29.2% |
| FCF MarginFCF ÷ Revenue | +26.7% | +35.6% |
| Rev. Growth (YoY)Latest quarter vs prior year | +2.2% | — |
| EPS Growth (YoY)Latest quarter vs prior year | +1.9% | +32.5% |
Valuation Metrics
RELX leads this category, winning 4 of 7 comparable metrics.
Valuation Metrics
At 24.4x trailing earnings, RELX trades at a 17% valuation discount to SPGI's 29.2x P/E. Adjusting for growth (PEG ratio), SPGI offers better value at 3.36x vs RELX's 4.07x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | ||
|---|---|---|
| Market CapShares × price | $61.8B | $126.9B |
| Enterprise ValueMkt cap + debt − cash | $70.5B | $139.3B |
| Trailing P/EPrice ÷ TTM EPS | 24.38x | 29.24x |
| Forward P/EPrice ÷ next-FY EPS est. | 24.10x | 21.84x |
| PEG RatioP/E ÷ EPS growth rate | 4.07x | 3.36x |
| EV / EBITDAEnterprise value multiple | 16.44x | 18.20x |
| Price / SalesMarket cap ÷ Revenue | 4.81x | 8.27x |
| Price / BookPrice ÷ Book value/share | 13.45x | 3.62x |
| Price / FCFMarket cap ÷ FCF | 17.55x | 23.26x |
Profitability & Efficiency
RELX leads this category, winning 7 of 9 comparable metrics.
Profitability & Efficiency
RELX delivers a 174.0% return on equity — every $100 of shareholder capital generates $174 in annual profit, vs $13 for SPGI. SPGI carries lower financial leverage with a 0.39x debt-to-equity ratio, signaling a more conservative balance sheet compared to RELX's 1.87x. On the Piotroski fundamental quality scale (0–9), RELX scores 9/9 vs SPGI's 7/9, reflecting strong financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +174.0% | +12.9% |
| ROA (TTM)Return on assets | +26.6% | +7.9% |
| ROICReturn on invested capital | +21.8% | +9.7% |
| ROCEReturn on capital employed | +30.4% | +12.1% |
| Piotroski ScoreFundamental quality 0–9 | 9 | 7 |
| Debt / EquityFinancial leverage | 1.87x | 0.39x |
| Net DebtTotal debt minus cash | $6.4B | $12.5B |
| Cash & Equiv.Liquid assets | $119M | $1.7B |
| Total DebtShort + long-term debt | $6.5B | $14.2B |
| Interest CoverageEBIT ÷ Interest expense | 8.39x | 22.69x |
Total Returns (Dividends Reinvested)
SPGI leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in RELX five years ago would be worth $13,956 today (with dividends reinvested), compared to $11,424 for SPGI. Over the past 12 months, SPGI leads with a -14.5% total return vs RELX's -36.2%. The 3-year compound annual growth rate (CAGR) favors SPGI at 7.4% vs RELX's 5.7% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | -14.2% | -16.2% |
| 1-Year ReturnPast 12 months | -36.2% | -14.5% |
| 3-Year ReturnCumulative with dividends | +18.1% | +23.8% |
| 5-Year ReturnCumulative with dividends | +39.6% | +14.2% |
| 10-Year ReturnCumulative with dividends | +121.7% | +337.1% |
| CAGR (3Y)Annualised 3-year return | +5.7% | +7.4% |
Risk & Volatility
Evenly matched — RELX and SPGI each lead in 1 of 2 comparable metrics.
Risk & Volatility
RELX is the less volatile stock with a 0.44 beta — it tends to amplify market swings less than SPGI's 0.58 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. SPGI currently trades 74.0% from its 52-week high vs RELX's 60.6% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.44x | 0.58x |
| 52-Week HighHighest price in past year | $56.33 | $579.05 |
| 52-Week LowLowest price in past year | $27.57 | $381.61 |
| % of 52W HighCurrent price vs 52-week peak | +60.6% | +74.0% |
| RSI (14)Momentum oscillator 0–100 | 53.0 | 42.4 |
| Avg Volume (50D)Average daily shares traded | 3.3M | 1.8M |
Analyst Outlook
RELX leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Wall Street rates RELX as "Buy" and SPGI as "Buy". Consensus price targets imply 27.9% upside for SPGI (target: $548) vs -23.9% for RELX (target: $26). For income investors, RELX offers the higher dividend yield at 2.38% vs SPGI's 0.89%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $26.00 | $548.11 |
| # AnalystsCovering analysts | 7 | 28 |
| Dividend YieldAnnual dividend ÷ price | +2.4% | +0.9% |
| Dividend StreakConsecutive years of raises | 14 | 12 |
| Dividend / ShareAnnual DPS | $0.60 | $3.83 |
| Buyback YieldShare repurchases ÷ mkt cap | +2.2% | +3.9% |
RELX leads in 3 of 6 categories (Valuation Metrics, Profitability & Efficiency). SPGI leads in 2 (Income & Cash Flow, Total Returns). 1 tied.
RELX vs SPGI: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is RELX or SPGI a better buy right now?
For growth investors, S&P Global Inc.
(SPGI) is the stronger pick with 7. 9% revenue growth year-over-year, versus 3. 0% for RELX Plc (RELX). RELX Plc (RELX) offers the better valuation at 24. 4x trailing P/E (24. 1x forward), making it the more compelling value choice. Analysts rate RELX Plc (RELX) a "Buy" — based on 7 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — RELX or SPGI?
On trailing P/E, RELX Plc (RELX) is the cheapest at 24.
4x versus S&P Global Inc. at 29. 2x. On forward P/E, S&P Global Inc. is actually cheaper at 21. 8x — notably different from the trailing picture, reflecting expected earnings growth. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: S&P Global Inc. wins at 2. 51x versus RELX Plc's 4. 02x.
03Which is the better long-term investment — RELX or SPGI?
Over the past 5 years, RELX Plc (RELX) delivered a total return of +39.
6%, compared to +14. 2% for S&P Global Inc. (SPGI). Over 10 years, the gap is even starker: SPGI returned +337. 1% versus RELX's +121. 7%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — RELX or SPGI?
By beta (market sensitivity over 5 years), RELX Plc (RELX) is the lower-risk stock at 0.
44β versus S&P Global Inc. 's 0. 58β — meaning SPGI is approximately 33% more volatile than RELX relative to the S&P 500. On balance sheet safety, S&P Global Inc. (SPGI) carries a lower debt/equity ratio of 39% versus 187% for RELX Plc — giving it more financial flexibility in a downturn.
05Which is growing faster — RELX or SPGI?
By revenue growth (latest reported year), S&P Global Inc.
(SPGI) is pulling ahead at 7. 9% versus 3. 0% for RELX Plc (RELX). On earnings-per-share growth, the picture is similar: S&P Global Inc. grew EPS 18. 7% year-over-year, compared to 9. 6% for RELX Plc. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — RELX or SPGI?
S&P Global Inc.
(SPGI) is the more profitable company, earning 29. 2% net margin versus 20. 5% for RELX Plc — meaning it keeps 29. 2% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: SPGI leads at 42. 2% versus 30. 3% for RELX. At the gross margin level — before operating expenses — SPGI leads at 70. 2%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is RELX or SPGI more undervalued right now?
The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.
By this metric, S&P Global Inc. (SPGI) is the more undervalued stock at a PEG of 2. 51x versus RELX Plc's 4. 02x. Both stocks trade at elevated growth-adjusted valuations, so expected growth needs to materialise. On forward earnings alone, S&P Global Inc. (SPGI) trades at 21. 8x forward P/E versus 24. 1x for RELX Plc — 2. 3x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for SPGI: 27. 9% to $548. 11.
08Which pays a better dividend — RELX or SPGI?
All stocks in this comparison pay dividends.
RELX Plc (RELX) offers the highest yield at 2. 4%, versus 0. 9% for S&P Global Inc. (SPGI).
09Is RELX or SPGI better for a retirement portfolio?
For long-horizon retirement investors, S&P Global Inc.
(SPGI) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 58), 0. 9% yield, +337. 1% 10Y return). Both have compounded well over 10 years (SPGI: +337. 1%, RELX: +121. 7%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between RELX and SPGI?
These companies operate in different sectors (RELX (Communication Services) and SPGI (Financial Services)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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- Sector: Communication Services
- Market Cap > $100B
- Net Margin > 12%
- Dividend Yield > 0.9%
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