S&P Global Inc. (SPGI) 10-Year Financial Performance & Capital Metrics

SPGI • • Banking & Credit

Financial ServicesFinancial Data & ExchangesCredit Ratings & IndicesCredit Rating Agencies

AboutS&P Global Inc., together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates in six divisions: S&P Global Ratings, S&P Dow Jones Indices, S&P Global Commodity Insights, S&P Global Market Intelligence, S&P Global Mobility, and S&P Global Engineering Solutions. The S&P Global Ratings division operates as an independent provider of credit ratings, research, and analytics, offering investors and other market participants information, ratings, and benchmarks. The S&P Dow Jones Indices division is an index provider that maintains various valuation and index benchmarks for investment advisors, wealth managers, and institutional investors. The S&P Global Commodity Insights division offers data and insights for global energy and commodity markets and enable its customers to make decisions. The S&P Global Market Intelligence division delivers data and technology solutions for customers to provide insights for making decisions. It offers data and services that bring end-to-end workflow solutions, including capital formation, data and distribution, ESG and sustainability, leveraged loans, private markets, sector coverage, supply chain, and issuer solutions, as well as credit, risk, and regulatory solutions. The S&P Global Mobility division provides insights derived from unmatched automotive data, enabling its customers to anticipate change and make decisions. The S&P Global Engineering Solutions division offers engineering expertise and solutions in industries, such as aerospace and defense, energy, architecture, construction, and transportation. Its solutions empower business and technical leaders to transform workflows and make decisions. S&P Global Inc. was founded in 1860 and is headquartered in New York, New York.Show more

Net Interest Income -$297M +11.1%
Total Revenue $14.21B +13.7%
Net Income $3.85B +46.7%
Return on Equity 10.19% +51.0%
Net Interest Margin -0.49% +10.5%
Efficiency Ratio 29.82% -14.1%
ROA 6.38% +48.6%
Equity / Assets 62.28% -1.0%
Book Value per Share 120.26 +0.7%
Tangible BV/Share -44.77 -0.9%
Debt/Equity 0.32 +1.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 8/9
✓Efficient operations: 29.8% efficiency ratio
✓11 consecutive years of dividend growth
✓Well capitalized: 62.3% equity/assets
✓Share count reduced 2.2% through buybacks
✓Diversified revenue: 100.0% from non-interest income

✗Weaknesses

✗Weak NIM of -0.5%

Price & Volume

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Growth Metrics

Revenue CAGR

10Y10.9%

5Y16.23%

3Y19.64%

TTM-

Profit (Net Income) CAGR

10Y-

5Y12.65%

3Y8.4%

TTM16.24%

EPS CAGR

10Y-

5Y7.51%

3Y-0.43%

TTM21.25%

ROCE

10Y Avg35.04%

5Y Avg23.26%

3Y Avg10.79%

Latest10.31%

Peer Comparison

Credit Rating Agencies

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
MCOMoody's Corporation	96.27B	539.61	47.92	19.81%	29.04%	54.57%	2.62%	2.08
SPGIS&P Global Inc.	165.16B	545.43	44.16	13.69%	27.11%	10.95%	3.37%	0.32

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	-102M	-181M	-149M	-134M	-141M	-141M	-119M	-304M	-334M	-297M
NII Growth %	-0.73%	-0.77%	0.18%	0.1%	-0.05%	0%	0.16%	-1.55%	-0.1%	0.11%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	102M	181M	149M	134M	141M	141M	119M	304M	334M	297M
Loan Loss Provision	1.62B	1.59B	1.54B	1.7B	1.83B	1.95B	2.06B	3.45B	3.81B	4.09B
Non-Interest Income+	5.31B	5.66B	6.06B	6.26B	6.7B	7.44B	8.3B	11.18B	12.5B	14.21B
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	5.31B	5.66B	6.06B	6.26B	6.7B	7.44B	8.3B	11.18B	12.5B	14.21B
Revenue Growth %	0.05%	0.07%	0.07%	0.03%	0.07%	0.11%	0.11%	0.35%	0.12%	0.14%
Non-Interest Expense	1.68B	547M	1.79B	1.63B	1.5B	1.73B	1.9B	2.48B	4.34B	4.24B
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	1.92B	3.34B	2.58B	2.79B	3.23B	3.62B	4.22B	4.94B	4.02B	5.58B
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	15.96%	0.74%	-0.23%	0.08%	0.16%	0.12%	0.17%	0.17%	-0.19%	0.39%
Pretax Income+	1.81B	3.19B	2.46B	2.68B	2.93B	3.23B	4.16B	4.7B	3.67B	5.31B
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	547M	960M	823M	560M	627M	694M	901M	1.18B	778M	1.14B
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	1.16B	2.11B	1.5B	1.96B	2.12B	2.34B	3.02B	3.25B	2.63B	3.85B
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	11.05%	0.82%	-0.29%	0.31%	0.08%	0.1%	0.29%	0.07%	-0.19%	0.47%
Net Income (Continuing)	1.27B	2.23B	1.64B	2.12B	2.3B	2.53B	3.26B	3.52B	2.89B	4.17B
EPS (Diluted)+	4.21	7.94	5.78	7.73	8.60	9.66	12.51	10.20	8.23	12.35
EPS Growth %	11.02%	0.89%	-0.27%	0.34%	0.11%	0.12%	0.3%	-0.18%	-0.19%	0.5%
EPS (Basic)	4.26	8.02	5.84	7.80	8.65	9.71	12.56	10.25	8.25	12.36
Diluted Shares Outstanding	274.6M	265.2M	258.9M	253.2M	246.9M	242.1M	241.8M	318.5M	318.9M	311.9M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	1.48B	2.39B	2.78B	1.92B	2.87B	4.11B	6.5B	1.29B	1.29B	1.67B
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	-103M	8M	12M	18M	28M	9M	176M	1.77B	1.81B	1.79B
Investments Growth %	0.69%	1.08%	0.5%	0.5%	0.56%	-0.68%	18.56%	9.03%	0.03%	-0.01%
Long-Term Investments	-109M	0	0	0	0	0	165M	1.75B	1.79B	1.77B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	2.88B	2.95B	2.99B	3.54B	3.58B	3.73B	3.51B	34.55B	34.85B	34.92B
Intangible Assets	1.52B	1.51B	1.39B	1.52B	1.42B	1.35B	1.28B	18.31B	17.4B	16.56B
PP&E (Net)	270M	271M	275M	270M	996M	778M	667M	720M	637M	678M
Other Assets	213M	272M	449M	525M	641M	684M	758M	794M	774M	837M
Total Current Assets	3.3B	3.67B	4.32B	3.6B	4.71B	5.99B	8.81B	5.67B	5.14B	5.46B
Total Non-Current Assets	4.89B	5B	5.1B	5.85B	6.64B	6.55B	6.22B	56.12B	55.45B	54.76B
Total Assets+	8.18B	8.67B	9.43B	9.46B	11.35B	12.54B	15.03B	61.78B	60.59B	60.22B
Asset Growth %	0.21%	0.06%	0.09%	0%	0.2%	0.1%	0.2%	3.11%	-0.02%	-0.01%
Return on Assets (ROA)	0.15%	0.25%	0.17%	0.21%	0.2%	0.2%	0.22%	0.08%	0.04%	0.06%
Accounts Payable	206M	183M	195M	211M	190M	233M	205M	450M	557M	553M
Total Debt+	3.61B	3.56B	3.57B	3.66B	4.68B	4.75B	4.7B	11.65B	12B	11.93B
Net Debt	2.13B	1.17B	792M	1.75B	1.81B	646M	-1.79B	10.37B	10.71B	10.27B
Long-Term Debt	3.47B	3.56B	3.17B	3.66B	3.95B	4.11B	4.11B	10.73B	11.41B	11.39B
Short-Term Debt	143M	0	399M	0	0	0	0	226M	47M	4M
Other Liabilities	621M	713M	923M	845M	883M	944M	922M	669M	721M	995M
Total Current Liabilities	2.91B	2.61B	3.21B	2.63B	3.09B	3.59B	3.81B	6B	6.13B	6.39B
Total Non-Current Liabilities	4.11B	4.28B	4.09B	4.53B	5.45B	5.6B	5.67B	16.04B	16.36B	16.32B
Total Liabilities	7.02B	6.89B	7.31B	7.15B	8.54B	9.19B	9.49B	22.04B	22.49B	22.71B
Total Equity+	1.16B	1.78B	2.12B	2.3B	2.8B	3.35B	5.54B	39.74B	38.1B	37.51B
Equity Growth %	-0.14%	0.53%	0.19%	0.09%	0.22%	0.2%	0.65%	6.18%	-0.04%	-0.02%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.92%	1.43%	0.77%	0.89%	0.83%	0.76%	0.68%	0.14%	0.07%	0.1%
Book Value per Share	4.24	6.72	8.18	9.10	11.36	13.85	22.89	124.78	119.47	120.26
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	412M	412M	412M	294M	294M	294M	294M	415M	415M	415M
Additional Paid-in Capital	475M	502M	525M	833M	903M	946M	1.03B	44.42B	44.23B	44.32B
Retained Earnings	7.64B	9.21B	10.03B	11.28B	12.21B	13.37B	15.02B	17.78B	18.73B	20.98B
Accumulated OCI	-600M	-773M	-649M	-742M	-624M	-637M	-841M	-886M	-763M	-883M
Treasury Stock	-7.73B	-8.7B	-9.6B	-11.04B	-12.3B	-13.46B	-13.47B	-25.35B	-28.41B	-31.67B
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	227M	1.46B	2.02B	2.06B	2.78B	3.57B	3.6B	2.6B	3.71B	5.69B
Operating CF Growth %	-0.81%	5.45%	0.38%	0.02%	0.34%	0.28%	0.01%	-0.28%	0.43%	0.53%
Net Income	1.27B	2.23B	1.64B	2.12B	2.3B	2.53B	3.26B	3.52B	2.89B	3.85B
Depreciation & Amortization	157M	181M	180M	206M	204M	206M	178M	1.01B	1.14B	1.17B
Deferred Taxes	280M	79M	79M	81M	46M	-31M	13M	-353M	-381M	-323M
Other Non-Cash Items	205M	-1.01B	88M	74M	146M	521M	92M	-1.72B	344M	505M
Working Capital Changes	-1.76B	-92M	-68M	-512M	-1M	247M	-70M	-74M	-460M	235M
Cash from Investing+	-2.52B	1.21B	-209M	-513M	-131M	-240M	-120M	3.63B	562M	-255M
Purchase of Investments	-4M	-1M	0	0	-10M	-19M	-2M	-2M	0	0
Sale/Maturity of Investments	0	0	0	0	1000K	1000K	1000K	1000K	0	0
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	-2.38B	1.32B	-83M	-401M	-6M	-183M	-83M	3.72B	718M	-137M
Other Investing	-4M	-1M	-3M	1M	-10M	19M	-2M	-2M	-13M	6M
Cash from Financing+	1.51B	-1.6B	-1.51B	-2.29B	-1.75B	-2.17B	-1.01B	-11.33B	-4.28B	-5B
Dividends Paid	-363M	-380M	-421M	-503M	-560M	-645M	-743M	-1.02B	-1.15B	-1.13B
Share Repurchases	-974M	-1.12B	-1B	-1.66B	-1.31B	-1.16B	0	-12B	-3.3B	-3.3B
Stock Issued	0	0	0	0	0	0	13M	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	-1000K	0	1000K	0	-1000K	0	1000K	1000K	-1000K
Other Financing	-201M	-26M	-85M	-220M	9M	-255M	-283M	37M	-388M	-516M
Net Change in Cash+	-1.02B	911M	387M	-821M	928M	1.24B	2.38B	-5.22B	4M	375M
Exchange Rate Effect	-1000K	-1000K	1000K	-1000K	1000K	1000K	-1000K	-1000K	1000K	-1000K
Cash at Beginning	2.5B	1.48B	2.39B	2.78B	1.96B	2.89B	4.12B	6.5B	1.29B	1.29B
Cash at End	1.48B	2.39B	2.78B	1.96B	2.89B	4.12B	6.5B	1.29B	1.29B	1.67B
Interest Paid	65M	150M	139M	151M	0	159M	130M	240M	369M	391M
Income Taxes Paid	260M	683M	709M	558M	0	683M	883M	1.55B	1.28B	1.16B
Free Cash Flow+	56M	1.35B	1.89B	1.95B	2.66B	3.49B	3.56B	2.51B	3.57B	5.57B
FCF Growth %	-0.95%	23.09%	0.4%	0.03%	0.36%	0.31%	0.02%	-0.29%	0.42%	0.56%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	92.04%	143.07%	76.74%	88.56%	83.12%	75.99%	68.05%	14.35%	6.75%	10.19%
Return on Assets (ROA)	15.46%	24.99%	16.54%	20.74%	20.41%	19.59%	21.94%	8.46%	4.29%	6.38%
Net Interest Margin	-1.25%	-2.09%	-1.58%	-1.42%	-1.24%	-1.12%	-0.79%	-0.49%	-0.55%	-0.49%
Efficiency Ratio	31.58%	9.66%	29.46%	26.05%	22.35%	23.26%	22.85%	22.22%	34.7%	29.82%
Equity / Assets	14.21%	20.54%	22.47%	24.36%	24.71%	26.74%	36.84%	64.33%	62.88%	62.28%
Book Value / Share	4.24	6.72	8.18	9.1	11.36	13.85	22.89	124.78	119.47	120.26
NII Growth	-72.88%	-77.45%	17.68%	10.07%	-5.22%	0%	15.6%	-155.46%	-9.87%	11.08%
Dividend Payout	31.4%	18.04%	28.14%	25.69%	26.38%	27.58%	24.57%	31.53%	43.68%	29.44%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Subscription	-	-	-	-	-	-	-	-	-	7.35B
Subscription Growth	-	-	-	-	-	-	-	-	-	-
Non-Transaction	-	-	-	-	-	-	-	-	-	4.84B
Non-Transaction Growth	-	-	-	-	-	-	-	-	-	-
Asset-Linked Fees	-	-	-	-	-	-	-	-	-	1.05B
Asset-Linked Fees Growth	-	-	-	-	-	-	-	-	-	-
Market Intelligence	-	2.58B	2.45B	1.83B	1.96B	2.11B	2.25B	3.81B	4.38B	-
Market Intelligence Growth	-	-	-5.15%	-25.24%	6.87%	7.50%	6.70%	69.60%	14.83%	-
Ratings	-	2.54B	2.99B	2.88B	3.11B	3.61B	4.1B	3.05B	3.33B	-
Ratings Growth	-	-	17.87%	-3.51%	7.73%	16.10%	13.62%	-25.56%	9.25%	-
Commodity Insights	-	-	-	-	-	-	-	1.69B	1.95B	-
Commodity Insights Growth	-	-	-	-	-	-	-	-	15.49%	-
Mobility	-	-	-	-	-	-	-	1.14B	1.48B	-
Mobility Growth	-	-	-	-	-	-	-	-	29.95%	-
Indices	-	639M	733M	837M	918M	989M	1.15B	1.34B	1.4B	-
Indices Growth	-	-	14.71%	14.19%	9.68%	7.73%	16.18%	16.54%	4.78%	-
Engineering Solutions	-	-	-	-	-	-	-	323M	133M	-
Engineering Solutions Growth	-	-	-	-	-	-	-	-	-58.82%	-
Intersegment Elimination	-	-98M	-110M	-125M	-128M	-137M	-146M	-169M	-177M	-
Intersegment Elimination Growth	-	-	-12.24%	-13.64%	-2.40%	-7.03%	-6.57%	-15.75%	-4.73%	-
Platts	-	-	-	815M	844M	878M	950M	-	-	-
Platts Growth	-	-	-	-	3.56%	4.03%	8.20%	-	-	-
Corporate	-	-	-	15M	-	-	-	-	-	-
Corporate Growth	-	-	-	-	-	-	-	-	-	-
Indices	597M	-	-	-	-	-	-	-	-	-
Indices Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	3.2B	3.46B	3.66B	3.75B	3.95B	4.5B	5.01B	6.65B	7.54B	8.64B
UNITED STATES Growth	-	8.09%	5.69%	2.52%	5.31%	14.05%	11.28%	32.74%	13.36%	14.56%
Europe	1.26B	1.33B	1.47B	1.54B	1.68B	1.77B	2B	2.6B	2.82B	3.26B
Europe Growth	-	5.14%	10.75%	4.75%	8.94%	5.23%	12.78%	30.18%	8.66%	15.38%
Asia	566M	575M	594M	647M	715M	782M	874M	1.25B	1.38B	1.49B
Asia Growth	-	1.59%	3.30%	8.92%	10.51%	9.37%	11.76%	42.56%	10.35%	8.44%
Rest Of World	280M	295M	338M	318M	354M	387M	416M	685M	758M	821M
Rest Of World Growth	-	5.36%	14.58%	-5.92%	11.32%	9.32%	7.49%	64.66%	10.66%	8.31%

Frequently Asked Questions

Valuation & Price

S&P Global Inc. (SPGI) has a price-to-earnings (P/E) ratio of 44.2x. This suggests investors expect higher future growth.

Growth & Financials

S&P Global Inc. (SPGI) grew revenue by 13.7% over the past year. This is steady growth.

Yes, S&P Global Inc. (SPGI) is profitable, generating $4.13B in net income for fiscal year 2024 (27.1% net margin).

Dividend & Returns

Yes, S&P Global Inc. (SPGI) pays a dividend with a yield of 0.67%. This makes it attractive for income-focused investors.

S&P Global Inc. (SPGI) has a return on equity (ROE) of 10.2%. This is reasonable for most industries.

Industry Metrics

S&P Global Inc. (SPGI) has a net interest margin (NIM) of -0.5%. NIM has been under pressure due to interest rate environment.

S&P Global Inc. (SPGI) has an efficiency ratio of 29.8%. This is excellent, indicating strong cost control.

US Stock Screener

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S&P Global Inc. (SPGI) 10-Year Financial Performance & Capital Metrics

SPGI • • Banking & Credit

Financial ServicesFinancial Data & ExchangesCredit Ratings & IndicesCredit Rating Agencies

Net Interest Income -$297M +11.1%
Total Revenue $14.21B +13.7%
Net Income $3.85B +46.7%
Return on Equity 10.19% +51.0%
Net Interest Margin -0.49% +10.5%
Efficiency Ratio 29.82% -14.1%
ROA 6.38% +48.6%
Equity / Assets 62.28% -1.0%
Book Value per Share 120.26 +0.7%
Tangible BV/Share -44.77 -0.9%
Debt/Equity 0.32 +1.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 8/9
✓Efficient operations: 29.8% efficiency ratio
✓11 consecutive years of dividend growth
✓Well capitalized: 62.3% equity/assets
✓Share count reduced 2.2% through buybacks
✓Diversified revenue: 100.0% from non-interest income

✗Weaknesses

✗Weak NIM of -0.5%

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y10.9%

5Y16.23%

3Y19.64%

TTM-

Profit (Net Income) CAGR

10Y-

5Y12.65%

3Y8.4%

TTM16.24%

EPS CAGR

10Y-

5Y7.51%

3Y-0.43%

TTM21.25%

ROCE

10Y Avg35.04%

5Y Avg23.26%

3Y Avg10.79%

Latest10.31%

Peer Comparison

Credit Rating Agencies

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
MCOMoody's Corporation	96.27B	539.61	47.92	19.81%	29.04%	54.57%	2.62%	2.08
SPGIS&P Global Inc.	165.16B	545.43	44.16	13.69%	27.11%	10.95%	3.37%	0.32

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	-102M	-181M	-149M	-134M	-141M	-141M	-119M	-304M	-334M	-297M
NII Growth %	-0.73%	-0.77%	0.18%	0.1%	-0.05%	0%	0.16%	-1.55%	-0.1%	0.11%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	102M	181M	149M	134M	141M	141M	119M	304M	334M	297M
Loan Loss Provision	1.62B	1.59B	1.54B	1.7B	1.83B	1.95B	2.06B	3.45B	3.81B	4.09B
Non-Interest Income+	5.31B	5.66B	6.06B	6.26B	6.7B	7.44B	8.3B	11.18B	12.5B	14.21B
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	5.31B	5.66B	6.06B	6.26B	6.7B	7.44B	8.3B	11.18B	12.5B	14.21B
Revenue Growth %	0.05%	0.07%	0.07%	0.03%	0.07%	0.11%	0.11%	0.35%	0.12%	0.14%
Non-Interest Expense	1.68B	547M	1.79B	1.63B	1.5B	1.73B	1.9B	2.48B	4.34B	4.24B
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	1.92B	3.34B	2.58B	2.79B	3.23B	3.62B	4.22B	4.94B	4.02B	5.58B
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	15.96%	0.74%	-0.23%	0.08%	0.16%	0.12%	0.17%	0.17%	-0.19%	0.39%
Pretax Income+	1.81B	3.19B	2.46B	2.68B	2.93B	3.23B	4.16B	4.7B	3.67B	5.31B
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	547M	960M	823M	560M	627M	694M	901M	1.18B	778M	1.14B
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	1.16B	2.11B	1.5B	1.96B	2.12B	2.34B	3.02B	3.25B	2.63B	3.85B
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	11.05%	0.82%	-0.29%	0.31%	0.08%	0.1%	0.29%	0.07%	-0.19%	0.47%
Net Income (Continuing)	1.27B	2.23B	1.64B	2.12B	2.3B	2.53B	3.26B	3.52B	2.89B	4.17B
EPS (Diluted)+	4.21	7.94	5.78	7.73	8.60	9.66	12.51	10.20	8.23	12.35
EPS Growth %	11.02%	0.89%	-0.27%	0.34%	0.11%	0.12%	0.3%	-0.18%	-0.19%	0.5%
EPS (Basic)	4.26	8.02	5.84	7.80	8.65	9.71	12.56	10.25	8.25	12.36
Diluted Shares Outstanding	274.6M	265.2M	258.9M	253.2M	246.9M	242.1M	241.8M	318.5M	318.9M	311.9M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	1.48B	2.39B	2.78B	1.92B	2.87B	4.11B	6.5B	1.29B	1.29B	1.67B
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	-103M	8M	12M	18M	28M	9M	176M	1.77B	1.81B	1.79B
Investments Growth %	0.69%	1.08%	0.5%	0.5%	0.56%	-0.68%	18.56%	9.03%	0.03%	-0.01%
Long-Term Investments	-109M	0	0	0	0	0	165M	1.75B	1.79B	1.77B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	2.88B	2.95B	2.99B	3.54B	3.58B	3.73B	3.51B	34.55B	34.85B	34.92B
Intangible Assets	1.52B	1.51B	1.39B	1.52B	1.42B	1.35B	1.28B	18.31B	17.4B	16.56B
PP&E (Net)	270M	271M	275M	270M	996M	778M	667M	720M	637M	678M
Other Assets	213M	272M	449M	525M	641M	684M	758M	794M	774M	837M
Total Current Assets	3.3B	3.67B	4.32B	3.6B	4.71B	5.99B	8.81B	5.67B	5.14B	5.46B
Total Non-Current Assets	4.89B	5B	5.1B	5.85B	6.64B	6.55B	6.22B	56.12B	55.45B	54.76B
Total Assets+	8.18B	8.67B	9.43B	9.46B	11.35B	12.54B	15.03B	61.78B	60.59B	60.22B
Asset Growth %	0.21%	0.06%	0.09%	0%	0.2%	0.1%	0.2%	3.11%	-0.02%	-0.01%
Return on Assets (ROA)	0.15%	0.25%	0.17%	0.21%	0.2%	0.2%	0.22%	0.08%	0.04%	0.06%
Accounts Payable	206M	183M	195M	211M	190M	233M	205M	450M	557M	553M
Total Debt+	3.61B	3.56B	3.57B	3.66B	4.68B	4.75B	4.7B	11.65B	12B	11.93B
Net Debt	2.13B	1.17B	792M	1.75B	1.81B	646M	-1.79B	10.37B	10.71B	10.27B
Long-Term Debt	3.47B	3.56B	3.17B	3.66B	3.95B	4.11B	4.11B	10.73B	11.41B	11.39B
Short-Term Debt	143M	0	399M	0	0	0	0	226M	47M	4M
Other Liabilities	621M	713M	923M	845M	883M	944M	922M	669M	721M	995M
Total Current Liabilities	2.91B	2.61B	3.21B	2.63B	3.09B	3.59B	3.81B	6B	6.13B	6.39B
Total Non-Current Liabilities	4.11B	4.28B	4.09B	4.53B	5.45B	5.6B	5.67B	16.04B	16.36B	16.32B
Total Liabilities	7.02B	6.89B	7.31B	7.15B	8.54B	9.19B	9.49B	22.04B	22.49B	22.71B
Total Equity+	1.16B	1.78B	2.12B	2.3B	2.8B	3.35B	5.54B	39.74B	38.1B	37.51B
Equity Growth %	-0.14%	0.53%	0.19%	0.09%	0.22%	0.2%	0.65%	6.18%	-0.04%	-0.02%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.92%	1.43%	0.77%	0.89%	0.83%	0.76%	0.68%	0.14%	0.07%	0.1%
Book Value per Share	4.24	6.72	8.18	9.10	11.36	13.85	22.89	124.78	119.47	120.26
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	412M	412M	412M	294M	294M	294M	294M	415M	415M	415M
Additional Paid-in Capital	475M	502M	525M	833M	903M	946M	1.03B	44.42B	44.23B	44.32B
Retained Earnings	7.64B	9.21B	10.03B	11.28B	12.21B	13.37B	15.02B	17.78B	18.73B	20.98B
Accumulated OCI	-600M	-773M	-649M	-742M	-624M	-637M	-841M	-886M	-763M	-883M
Treasury Stock	-7.73B	-8.7B	-9.6B	-11.04B	-12.3B	-13.46B	-13.47B	-25.35B	-28.41B	-31.67B
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	227M	1.46B	2.02B	2.06B	2.78B	3.57B	3.6B	2.6B	3.71B	5.69B
Operating CF Growth %	-0.81%	5.45%	0.38%	0.02%	0.34%	0.28%	0.01%	-0.28%	0.43%	0.53%
Net Income	1.27B	2.23B	1.64B	2.12B	2.3B	2.53B	3.26B	3.52B	2.89B	3.85B
Depreciation & Amortization	157M	181M	180M	206M	204M	206M	178M	1.01B	1.14B	1.17B
Deferred Taxes	280M	79M	79M	81M	46M	-31M	13M	-353M	-381M	-323M
Other Non-Cash Items	205M	-1.01B	88M	74M	146M	521M	92M	-1.72B	344M	505M
Working Capital Changes	-1.76B	-92M	-68M	-512M	-1M	247M	-70M	-74M	-460M	235M
Cash from Investing+	-2.52B	1.21B	-209M	-513M	-131M	-240M	-120M	3.63B	562M	-255M
Purchase of Investments	-4M	-1M	0	0	-10M	-19M	-2M	-2M	0	0
Sale/Maturity of Investments	0	0	0	0	1000K	1000K	1000K	1000K	0	0
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	-2.38B	1.32B	-83M	-401M	-6M	-183M	-83M	3.72B	718M	-137M
Other Investing	-4M	-1M	-3M	1M	-10M	19M	-2M	-2M	-13M	6M
Cash from Financing+	1.51B	-1.6B	-1.51B	-2.29B	-1.75B	-2.17B	-1.01B	-11.33B	-4.28B	-5B
Dividends Paid	-363M	-380M	-421M	-503M	-560M	-645M	-743M	-1.02B	-1.15B	-1.13B
Share Repurchases	-974M	-1.12B	-1B	-1.66B	-1.31B	-1.16B	0	-12B	-3.3B	-3.3B
Stock Issued	0	0	0	0	0	0	13M	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	-1000K	0	1000K	0	-1000K	0	1000K	1000K	-1000K
Other Financing	-201M	-26M	-85M	-220M	9M	-255M	-283M	37M	-388M	-516M
Net Change in Cash+	-1.02B	911M	387M	-821M	928M	1.24B	2.38B	-5.22B	4M	375M
Exchange Rate Effect	-1000K	-1000K	1000K	-1000K	1000K	1000K	-1000K	-1000K	1000K	-1000K
Cash at Beginning	2.5B	1.48B	2.39B	2.78B	1.96B	2.89B	4.12B	6.5B	1.29B	1.29B
Cash at End	1.48B	2.39B	2.78B	1.96B	2.89B	4.12B	6.5B	1.29B	1.29B	1.67B
Interest Paid	65M	150M	139M	151M	0	159M	130M	240M	369M	391M
Income Taxes Paid	260M	683M	709M	558M	0	683M	883M	1.55B	1.28B	1.16B
Free Cash Flow+	56M	1.35B	1.89B	1.95B	2.66B	3.49B	3.56B	2.51B	3.57B	5.57B
FCF Growth %	-0.95%	23.09%	0.4%	0.03%	0.36%	0.31%	0.02%	-0.29%	0.42%	0.56%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	92.04%	143.07%	76.74%	88.56%	83.12%	75.99%	68.05%	14.35%	6.75%	10.19%
Return on Assets (ROA)	15.46%	24.99%	16.54%	20.74%	20.41%	19.59%	21.94%	8.46%	4.29%	6.38%
Net Interest Margin	-1.25%	-2.09%	-1.58%	-1.42%	-1.24%	-1.12%	-0.79%	-0.49%	-0.55%	-0.49%
Efficiency Ratio	31.58%	9.66%	29.46%	26.05%	22.35%	23.26%	22.85%	22.22%	34.7%	29.82%
Equity / Assets	14.21%	20.54%	22.47%	24.36%	24.71%	26.74%	36.84%	64.33%	62.88%	62.28%
Book Value / Share	4.24	6.72	8.18	9.1	11.36	13.85	22.89	124.78	119.47	120.26
NII Growth	-72.88%	-77.45%	17.68%	10.07%	-5.22%	0%	15.6%	-155.46%	-9.87%	11.08%
Dividend Payout	31.4%	18.04%	28.14%	25.69%	26.38%	27.58%	24.57%	31.53%	43.68%	29.44%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Subscription	-	-	-	-	-	-	-	-	-	7.35B
Subscription Growth	-	-	-	-	-	-	-	-	-	-
Non-Transaction	-	-	-	-	-	-	-	-	-	4.84B
Non-Transaction Growth	-	-	-	-	-	-	-	-	-	-
Asset-Linked Fees	-	-	-	-	-	-	-	-	-	1.05B
Asset-Linked Fees Growth	-	-	-	-	-	-	-	-	-	-
Market Intelligence	-	2.58B	2.45B	1.83B	1.96B	2.11B	2.25B	3.81B	4.38B	-
Market Intelligence Growth	-	-	-5.15%	-25.24%	6.87%	7.50%	6.70%	69.60%	14.83%	-
Ratings	-	2.54B	2.99B	2.88B	3.11B	3.61B	4.1B	3.05B	3.33B	-
Ratings Growth	-	-	17.87%	-3.51%	7.73%	16.10%	13.62%	-25.56%	9.25%	-
Commodity Insights	-	-	-	-	-	-	-	1.69B	1.95B	-
Commodity Insights Growth	-	-	-	-	-	-	-	-	15.49%	-
Mobility	-	-	-	-	-	-	-	1.14B	1.48B	-
Mobility Growth	-	-	-	-	-	-	-	-	29.95%	-
Indices	-	639M	733M	837M	918M	989M	1.15B	1.34B	1.4B	-
Indices Growth	-	-	14.71%	14.19%	9.68%	7.73%	16.18%	16.54%	4.78%	-
Engineering Solutions	-	-	-	-	-	-	-	323M	133M	-
Engineering Solutions Growth	-	-	-	-	-	-	-	-	-58.82%	-
Intersegment Elimination	-	-98M	-110M	-125M	-128M	-137M	-146M	-169M	-177M	-
Intersegment Elimination Growth	-	-	-12.24%	-13.64%	-2.40%	-7.03%	-6.57%	-15.75%	-4.73%	-
Platts	-	-	-	815M	844M	878M	950M	-	-	-
Platts Growth	-	-	-	-	3.56%	4.03%	8.20%	-	-	-
Corporate	-	-	-	15M	-	-	-	-	-	-
Corporate Growth	-	-	-	-	-	-	-	-	-	-
Indices	597M	-	-	-	-	-	-	-	-	-
Indices Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	3.2B	3.46B	3.66B	3.75B	3.95B	4.5B	5.01B	6.65B	7.54B	8.64B
UNITED STATES Growth	-	8.09%	5.69%	2.52%	5.31%	14.05%	11.28%	32.74%	13.36%	14.56%
Europe	1.26B	1.33B	1.47B	1.54B	1.68B	1.77B	2B	2.6B	2.82B	3.26B
Europe Growth	-	5.14%	10.75%	4.75%	8.94%	5.23%	12.78%	30.18%	8.66%	15.38%
Asia	566M	575M	594M	647M	715M	782M	874M	1.25B	1.38B	1.49B
Asia Growth	-	1.59%	3.30%	8.92%	10.51%	9.37%	11.76%	42.56%	10.35%	8.44%
Rest Of World	280M	295M	338M	318M	354M	387M	416M	685M	758M	821M
Rest Of World Growth	-	5.36%	14.58%	-5.92%	11.32%	9.32%	7.49%	64.66%	10.66%	8.31%

Frequently Asked Questions

Valuation & Price

S&P Global Inc. (SPGI) has a price-to-earnings (P/E) ratio of 44.2x. This suggests investors expect higher future growth.

Growth & Financials

S&P Global Inc. (SPGI) grew revenue by 13.7% over the past year. This is steady growth.

Yes, S&P Global Inc. (SPGI) is profitable, generating $4.13B in net income for fiscal year 2024 (27.1% net margin).

Dividend & Returns

Yes, S&P Global Inc. (SPGI) pays a dividend with a yield of 0.67%. This makes it attractive for income-focused investors.

S&P Global Inc. (SPGI) has a return on equity (ROE) of 10.2%. This is reasonable for most industries.

Industry Metrics

S&P Global Inc. (SPGI) has a net interest margin (NIM) of -0.5%. NIM has been under pressure due to interest rate environment.

S&P Global Inc. (SPGI) has an efficiency ratio of 29.8%. This is excellent, indicating strong cost control.