Fundamental analysis · SEC EDGAR · TTM through 31/03/2026

Fundamental analysis of S&P Global Inc.

SPGI · NYSE · Financial

Fundamental quality

ATTRACTIVE

84

out of 100

S&P Global Inc. grows profitably: it increases revenue at double digits (15.3% a year) without giving up profitability (net margin 30.4%). On fundamental quality it scores 84 out of 100, profiling it as a company with solid fundamentals. Its weakest area is its growth (revenue +15.3%/yr). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.

What the company does

S&P Global owns one of the world's two big credit-rating agencies (the one that grades the debt of companies and countries) and the S&P indices (like the S&P 500). It's a toll-booth business: it charges for data, ratings and indices the market needs.

What will shape its future

  • The volume of corporate debt issuance, which boosts or slows its ratings business.
  • The near-monopoly nature of ratings and indices, with high barriers to entry.
  • The growth of its highly recurring financial data and analytics business.

Breakdown by area

I.Growth
67

EPS growth: 9.8% · Revenue growth: 15.3%

II.Profitability
85

Net margin: 30.4% · ROE: 15.3%

III.Financial health
88

Net debt/EBITDA: 1.42x · FCF: 35.3%

Source: SEC EDGAR · TTM through 31/03/2026

The score includes +4 for dividend strength: 53 consecutive years of increases. Keeping that streak demands growing cash generation and balance-sheet discipline.

The score combines growth, profitability and financial strength. Here its financial strength weighs in its favor, while its growth drags it down the most.

Versus its sector

Percentile against the other 71 Financial companies in our coverage: how far it beats them on each metric (100 = best in sector).

Net marginbeats 87%
ROEbeats 52%
Growthbeats 75%
Cash generationbeats 84%
Less debtbeats 45%

Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.

Key concepts

What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow

S&P Global Inc. strengths

  • Excellent free-cash-flow generation (FCF margin of 35.3%): profit turns into real cash.
  • Exceptional net margin (30.4%): the business is clearly profitable.
  • Revenue growing (15.3% annualized).
  • Revenue rising without interruption since 2020.

S&P Global Inc. risks and weaknesses

  • Its net debt has grown over the period.

S&P Global Inc. historical evolution

YearRevenueNet incomeFree cash flowNet debt
20207,4422,3393,4912
20218,2973,0243,563-2,383
202211,1813,2482,5149,670
202312,4972,6263,56710,169
202414,2083,8525,5659,732
202515,3364,4715,45611,343

Between 2020 and 2025, revenue went from $7,442M to $15,336M (+106%) and net income went from $2,339M to $4,471M (+91%).

Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.

Latest results

Versus the same period a year earlier

Figures for the quarter ended March 31, 2026, versus the quarter ended March 31, 2025 (SEC filings):

  • Revenue+10.4%
  • Net income+28%

Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.

Dividend

$3.84

per share, yearly

26.2% of earnings

Payout

53 straight years raising it

Growth

The dividend yield depends on today's price. Compute it in the analyzer → · See all dividend-paying stocks →

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Is S&P Global Inc. cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

Compute the valuation →

Frequently asked questions

Is S&P Global Inc. a good company to invest in?

In terms of business quality, S&P Global Inc. scores 84 out of 100 in our analysis, placing it as a company of high fundamental quality. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.

Is S&P Global Inc. a profitable company?

Very. S&P Global Inc. shows a net margin of 30.4% and an ROE of 15.3%, typical of a highly profitable business.

Does S&P Global Inc. have a lot of debt?

Not particularly. Its net debt is 1.42 times its EBITDA, a low level.

Is S&P Global Inc. growing?

Its revenue has grown 15.3% annualized in recent years and its earnings per share 9.8%, and without interruption since 2020.

Does S&P Global Inc. generate cash?

Yes. It converts about 35.3% of its revenue into free cash flow, and has done so positively year after year.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

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