📊 SPGI Key Takeaways
Is S&P Global Inc. (SPGI) a Good Investment?
S&P Global demonstrates strong fundamental health with exceptional profitability (29.2% net margin, 42.2% operating margin) and robust cash generation (5.5B free cash flow, 35.6% FCF margin). Revenue growth of 7.9% YoY paired with 83x interest coverage indicates financial stability, though the net income decline of 7.2% YoY warrants monitoring for underlying operational challenges.
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.
Why Buy S&P Global Inc. Stock? SPGI Key Strengths
- Exceptional operating margins of 42.2% and net margins of 29.2% demonstrate pricing power and operational efficiency
- Strong cash generation with 5.5B free cash flow and 35.6% FCF margin provides significant capital flexibility
- Conservative leverage with 0.42x debt-to-equity and 83.1x interest coverage indicates financial stability and low default risk
- Solid revenue growth of 7.9% YoY showing market demand for core services
- Healthy ROA of 7.3% and ROE of 14.4% demonstrate efficient asset and equity utilization
- 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 7.9% revenue growth, indicating rising costs or margin compression requiring investigation
- Current ratio of 0.82x below 1.0x signals potential near-term liquidity constraints despite strong operating cash flow
- Long-term debt of 13.1B represents significant obligations that could limit financial flexibility in downturns
- High insider trading activity (45 Form 4 filings in 90 days) may indicate uncertainty among company leadership
- Diluted EPS growth of 18.7% significantly outpacing net income growth of -7.2% suggests aggressive share buybacks masking underlying weakness
- 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
- Net income trend reversal - critical to confirm profitability stabilization
- Operating expense growth rate - verify if cost inflation or efficiency decline is driving margin compression
- Free cash flow sustainability - ensure 5.5B FCF level can be maintained amid headwinds
- Debt reduction trajectory - monitor if company uses strong FCF to delever below 0.42x debt-to-equity
- Current ratio improvement - assess working capital management and short-term liquidity
- 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 35.6% 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 |
|---|---|---|---|
| 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 |
| Q2 2023 | $3.0B | $511.0M | $1.60 |
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 Rating of BUY from Claude (BUY) and ChatGPT (BUY) with 81% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are SPGI's key strengths?
Claude: Exceptional operating margins of 42.2% and net margins of 29.2% demonstrate pricing power and operational efficiency. Strong cash generation with 5.5B free cash flow and 35.6% FCF margin provides significant capital 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 7.9% revenue growth, indicating rising costs or margin compression requiring investigation. Current ratio of 0.82x below 1.0x signals potential near-term liquidity constraints despite strong operating cash flow. 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 $15.3B.
Does SPGI pay dividends?
S&P Global Inc. pays dividends, with $1,170.0M 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 $14.66.
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 rating reflects both perspectives for balanced insights.
Is SPGI a good stock to buy right now?
Based on our AI fundamental analysis in April 2026, S&P Global Inc. has a BUY rating with 81% 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 14.4% (sector avg: 12%), net margin of 29.2% (sector avg: 25%). Higher ROE suggests strong returns relative to peers.
Should I buy SPGI stock in 2026?
Our dual AI analysis gives S&P Global Inc. a combined BUY rating 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 $5.7B, with capital expenditures of $195.0M. FCF margin is 35.6%.
How does SPGI compare to other Finance stocks?
Vs Finance sector averages: Net margin 29.2% (avg: 25%), ROE 14.4% (avg: 12%), current ratio 0.82 (avg: 1.2).