📊 SPGI Key Takeaways
Is S&P Global Inc. (SPGI) a Good Investment?
S&P Global demonstrates exceptional profitability metrics with 48% operating margins and 33.4% net margins, coupled with strong free cash flow generation of $1.0B (24.2% FCF margin). However, net income declined 7.2% YoY despite 7.9% revenue growth, and critically weak current/quick ratios (0.68x/0.65x) signal working capital or liquidity management concerns that require clarification before increasing exposure.
S&P Global shows high-quality fundamentals with exceptional operating efficiency, strong free cash flow generation, and conservative leverage relative to its earnings power. Revenue growth remains solid, but the decline in net income and sub-1.0 liquidity ratios suggest the business should be viewed as fundamentally strong rather than flawless.
S&P Global Inc. Key Strengths (SPGI)
- Exceptional operating margin of 48% demonstrates strong pricing power and operational efficiency in credit data services
- Robust free cash flow generation of $1.0B with 24.2% FCF margin provides substantial financial flexibility
- Solid revenue growth of 7.9% YoY with reasonable leverage (0.43x D/E) and excellent interest coverage (25.7x)
- Very high profitability, including 42.2% operating margin and 29.2% net margin
- Excellent cash generation with $5.46B of free cash flow and a 35.6% FCF margin
- Strong balance sheet support from moderate 0.42x debt-to-equity and very high 83.1x interest coverage
SPGI Stock Risks: S&P Global Inc. Investment Risks
- Net income declined 7.2% YoY despite revenue growth of 7.9%, indicating margin compression or unidentified operational/tax headwinds
- Severely depressed liquidity ratios (Current 0.68x, Quick 0.65x) well below 1.0x suggest potential working capital stress or significant near-term obligations
- Very low ROE of 4.5% and ROA of 2.3% indicate capital inefficiency despite reported strong profitability metrics
- Net income declined 7.2% year over year despite revenue growth, which may indicate cost, tax, or non-operating pressure
- Current ratio of 0.82x and quick ratio of 0.79x reflect limited short-term liquidity cushion
- EPS growth outpacing net income growth may be less durable if driven by capital allocation rather than underlying earnings expansion
Key Metrics to Watch
- Trend in net income and investigation of YoY decline despite revenue growth
- Current and quick ratio recovery and working capital cash conversion cycle trends
- Return on equity progression and reconciliation with reported 33.4% net margin
- Net income growth relative to revenue growth
- Free cash flow margin and operating cash flow conversion
S&P Global Inc. (SPGI) Financial Metrics & Key Ratios
💡 AI Analyst Insight
The 24.2% free cash flow margin provides substantial flexibility for dividends, buybacks, and strategic investments. The current ratio below 1.0x warrants monitoring of short-term liquidity.
SPGI Profit Margin, ROE & Profitability Analysis
SPGI vs Finance Sector: How S&P Global Inc. Compares
How S&P Global Inc. compares to Finance sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is S&P Global Inc. Stock Overvalued? SPGI Valuation Analysis 2026
Based on fundamental analysis, S&P Global Inc. has mixed fundamental signals relative to the Finance sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
S&P Global Inc. Balance Sheet: SPGI Debt, Cash & Liquidity
SPGI Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: S&P Global Inc.'s revenue has grown significantly by 106% over the 5-year period, indicating strong business expansion. The most recent EPS of $8.23 reflects profitable operations.
SPGI Revenue Growth, EPS Growth & YoY Performance
SPGI Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $3.8B | $1.1B | $3.54 |
| Q3 2025 | $3.6B | $971.0M | $3.11 |
| Q2 2025 | $3.5B | $1.0B | $3.23 |
| Q1 2025 | $3.5B | $991.0M | $3.16 |
| Q3 2024 | $3.1B | $742.0M | $2.33 |
| Q2 2024 | $3.1B | $511.0M | $1.60 |
| Q1 2024 | $3.2B | $795.0M | $2.47 |
| Q3 2023 | $2.9B | $608.0M | $1.84 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
S&P Global Inc. Dividends, Buybacks & Capital Allocation
SPGI SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for S&P Global Inc. (CIK: 0000064040)
📋 Recent SEC Filings
❓ Frequently Asked Questions about SPGI
What is the AI rating for SPGI?
S&P Global Inc. (SPGI) has a Combined AI Grade of A from Claude (B) and ChatGPT (A) with 73% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are SPGI's key strengths?
Claude: Exceptional operating margin of 48% demonstrates strong pricing power and operational efficiency in credit data services. Robust free cash flow generation of $1.0B with 24.2% FCF margin provides substantial financial flexibility. ChatGPT: Very high profitability, including 42.2% operating margin and 29.2% net margin. Excellent cash generation with $5.46B of free cash flow and a 35.6% FCF margin.
What are the risks of investing in SPGI?
Claude: Net income declined 7.2% YoY despite revenue growth of 7.9%, indicating margin compression or unidentified operational/tax headwinds. Severely depressed liquidity ratios (Current 0.68x, Quick 0.65x) well below 1.0x suggest potential working capital stress or significant near-term obligations. ChatGPT: Net income declined 7.2% year over year despite revenue growth, which may indicate cost, tax, or non-operating pressure. Current ratio of 0.82x and quick ratio of 0.79x reflect limited short-term liquidity cushion.
What is SPGI's revenue and growth?
S&P Global Inc. reported revenue of $4.2B.
Does SPGI pay dividends?
S&P Global Inc. pays dividends, with $288.0M distributed to shareholders in the trailing twelve months.
Where can I find SPGI SEC filings?
Official SEC filings for S&P Global Inc. (CIK: 0000064040) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is SPGI's EPS?
S&P Global Inc. has a diluted EPS of $4.69.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.
What is SPGI's fundamental grade?
Based on our AI fundamental analysis in June 2026, S&P Global Inc. has a A grade with 73% confidence. The AI analysis suggests favorable fundamentals based on SEC filings. This is not investment advice.
Is SPGI stock overvalued or undervalued?
Valuation metrics for SPGI: ROE of 4.5% (sector avg: 12%), net margin of 33.4% (sector avg: 25%). Compare these metrics with sector averages to assess valuation.
What is SPGI's AI grade for 2026?
Our dual AI analysis gives S&P Global Inc. a combined A grade for 2026. Revenue is data pending, with profitability above sector average. Always conduct your own research.
What is SPGI's free cash flow?
S&P Global Inc.'s operating cash flow is $1.0B, with capital expenditures of $27.0M. FCF margin is 24.2%.
How does SPGI compare to other Finance stocks?
Vs Finance sector averages: Net margin 33.4% (avg: 25%), ROE 4.5% (avg: 12%), current ratio 0.68 (avg: 1.2).