Last 48 quarters of trend data · Financial Services · Financial - Data & Stock Exchanges
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
S&P Global Inc.'s quarterly P/E stands at 22.7x, down 36.8% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has compressed 22.4% YoY to 17.3x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 28.03 | 22.67 | 34.84 | 31.52 | 37.66 | 35.88 | 43.69 | 41.40 | 34.52 | 33.66 | 60.18 | 39.21 | 62.64 |
| — | -36.8% | -20.3% | -23.9% | +9.1% | +6.6% | -27.4% | +5.6% | -44.9% | -3.5% | -4.4% | -5.5% | +112.6% | |
| P/S Ratio | 7.93 | 7.59 | 10.08 | 9.53 | 10.75 | 10.35 | 10.81 | 11.25 | 9.84 | 9.57 | 11.04 | 9.42 | 10.34 |
| — | -26.7% | -6.8% | -15.3% | +9.2% | +8.2% | -2.0% | +19.5% | -4.8% | +8.9% | +19.0% | +6.7% | +8.2% | |
| P/B Ratio | 3.47 | 3.51 | 4.37 | 3.93 | 4.25 | 4.14 | 4.14 | 4.19 | 3.58 | 3.49 | 3.65 | 2.98 | 3.28 |
| — | -15.4% | +5.4% | -6.2% | +18.7% | +18.7% | +13.4% | +40.8% | +9.2% | +25.1% | +33.3% | +19.1% | +22.8% | |
| P/FCF | 22.29 | 31.33 | 23.19 | 25.38 | 29.16 | 42.95 | 22.75 | 28.53 | 22.91 | 36.14 | 27.05 | 29.73 | 43.43 |
| — | -27.1% | +1.9% | -11.1% | +27.2% | +18.8% | -15.9% | -4.0% | -47.2% | -26.3% | +7.8% | -6.7% | -34.7% | |
| EV / EBITDA | 17.51 | 17.30 | 21.60 | 20.11 | 23.21 | 22.29 | 25.73 | 24.76 | 21.44 | 21.57 | 31.75 | 23.33 | 29.01 |
| — | -22.4% | -16.0% | -18.8% | +8.2% | +3.3% | -19.0% | +6.1% | -26.1% | +1.3% | +5.5% | -3.3% | +69.6% | |
| EV / EBIT | 20.70 | 17.30 | 25.27 | 23.61 | 27.15 | 26.49 | 31.27 | 29.88 | 25.70 | 25.87 | 43.07 | 29.32 | 37.61 |
| — | -34.7% | -19.2% | -21.0% | +5.6% | +2.4% | -27.4% | +1.9% | -31.7% | -3.8% | +2.1% | -5.6% | +82.3% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
S&P Global Inc.'s operating margin was 48.0% in Q1 2026, up 5.3 pp QoQ and up 6.2 pp YoY. The trailing four-quarter average of 43.8% lags the current quarter, suggesting the recent improvement is above-trend.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 70.2% | 70.4% | 70.1% | 71.2% | 70.2% | 69.5% | 69.0% | 70.0% | 69.4% | 68.2% | 67.3% | 67.7% | 66.9% |
| — | +1.3% | +1.6% | +1.6% | +1.1% | +1.9% | +2.6% | +3.4% | +3.8% | +4.0% | +2.6% | +3.5% | +0.8% | |
| Operating Margin | 42.2% | 48.0% | 42.7% | 43.1% | 41.3% | 41.8% | 36.4% | 40.1% | 40.9% | 39.7% | 28.2% | 34.8% | 29.4% |
| — | +14.9% | +17.3% | +7.4% | +1.0% | +5.3% | +29.1% | +15.2% | +39.3% | +9.6% | +15.8% | +16.8% | -40.7% | |
| Net Margin | 29.2% | 33.4% | 29.0% | 30.2% | 28.5% | 28.9% | 24.5% | 27.2% | 28.5% | 28.4% | 18.4% | 24.1% | 16.5% |
| — | +15.9% | +18.2% | +11.4% | +0.2% | +1.7% | +33.4% | +12.9% | +72.9% | +12.8% | +24.6% | +13.2% | -49.3% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 12.1% | 3.9% | 3.1% | 3.1% | 2.8% | 2.9% | 2.3% | 2.5% | 2.6% | 2.6% | 1.5% | 1.9% | 1.3% |
| — | +33.3% | +32.4% | +23.9% | +8.2% | +11.6% | +54.4% | +32.1% | +102.0% | +29.8% | +39.0% | +30.0% | -42.6% | |
| ROA | 7.4% | 2.3% | 1.9% | 2.0% | 1.8% | 1.8% | 1.5% | 1.6% | 1.7% | 1.6% | 1.0% | 1.2% | 0.8% |
| — | +26.0% | +28.5% | +22.3% | +7.0% | +10.9% | +52.7% | +30.8% | +99.9% | +27.5% | +36.4% | +27.0% | -44.1% | |
| ROIC | 9.7% | 3.0% | 2.5% | 2.5% | 2.3% | 2.4% | 2.0% | 2.1% | 2.1% | 2.1% | 1.3% | 1.6% | 1.3% |
| — | +25.4% | +27.7% | +18.9% | +8.8% | +15.7% | +49.1% | +34.7% | +62.1% | +24.5% | +26.8% | +30.7% | -34.7% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
S&P Global Inc.'s Debt/EBITDA ratio is 6.9x, down from 7.2x last quarter — elevated, raising questions about debt serviceability. The current ratio has weakened 24.9% YoY to 0.68x, tightening the short-term liquidity position.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.39 | 0.38 | 0.39 | 0.31 | 0.31 | 0.32 | 0.32 | 0.31 | 0.31 | 0.32 | 0.31 | 0.31 | 0.31 |
| — | +20.9% | +23.5% | +1.3% | +2.5% | -1.2% | +1.0% | +1.0% | -0.8% | +4.0% | +7.4% | +9.2% | +15.6% | |
| Debt / EBITDA | 1.85 | 6.88 | 7.20 | 6.03 | 6.44 | 6.37 | 7.42 | 6.90 | 6.83 | 7.31 | 10.17 | 8.85 | 10.08 |
| — | +8.1% | -2.9% | -12.7% | -5.7% | -12.9% | -27.1% | -22.0% | -32.2% | -14.4% | -13.5% | -10.5% | +57.6% | |
| Current Ratio | 0.82 | 0.68 | 0.82 | 0.97 | 0.98 | 0.90 | 0.85 | 0.94 | 1.03 | 0.92 | 0.84 | 0.92 | 0.78 |
| — | -24.9% | -3.5% | +3.1% | -4.2% | -2.3% | +1.7% | +2.6% | +31.1% | +1.4% | -11.1% | +11.2% | -37.8% | |
| Quick Ratio | 0.82 | 0.68 | 0.82 | 0.97 | 0.98 | 0.90 | 0.85 | 0.94 | 1.03 | 0.92 | 0.84 | 0.92 | 0.78 |
| — | -24.9% | -3.5% | +3.1% | -4.2% | -2.3% | +1.7% | +2.6% | +31.1% | +1.4% | -11.1% | +11.2% | -37.8% | |
| Interest Coverage | 22.70 | 20.85 | 31.20 | 21.23 | 20.51 | 20.18 | 18.91 | 19.89 | 18.90 | 17.87 | 11.45 | 12.85 | 10.48 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying SPGI stock.
S&P Global Inc.'s current P/E is 28.0x. The average P/E over the last 4 quarters is 31.7x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
S&P Global Inc.'s current operating margin is 42.2%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking S&P Global Inc.'s business trajectory between earnings reports.