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Earnings transcript
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SPGI
S&P Global Inc.
$424.82
7.73
(1.85%)
| Exchange: | NYSE |
| Market Cap: | 125.747B |
| Shares Outstanding: | 403.836M |
Delayed data
About The Company
| Sector: | Financial Services | |||||
| Industry: | Financial – Data & Stock Exchanges | |||||
| CEO: | Martina L. Cheung | |||||
| Full Time Employees: | 42350 | |||||
| Address: |
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| Website: | https://www.spglobal.com |
S&P Global Inc., through its affiliated entities, delivers crucial services like credit assessments, market benchmarks, advanced analytics, and comprehensive workflow tools. Their reach extends across the worldwide capital, commodity, and automotive industries. The company is structured into six key operating segments: 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. S&P Global Ratings functions as an independent authority, supplying credit assessments, research, and analytical insights. It equips investors and other market players with essential data, ratings, and comparative metrics. S&P Dow Jones Indices specializes in crafting and upholding diverse valuation and index benchmarks. These are vital resources for investment advisors, wealth managers, and large institutional investors. S&P Global Commodity Insights delivers critical data and intelligence pertaining to global energy and commodity markets, empowering clients to make informed decisions. S&P Global Market Intelligence provides advanced data and technological tools, furnishing customers with insights crucial for strategic choices. Its extensive portfolio encompasses end-to-end workflow solutions, addressing areas such as capital structuring, data dissemination, ESG practices, leveraged finance, private equity, industry-specific analysis, supply chain management, issuer support, and comprehensive credit, risk, and regulatory compliance solutions. S&P Global Mobility leverages unparalleled automotive data to generate foresight, helping clients foresee market shifts and execute sound business decisions. S&P Global Engineering Solutions supplies specialized engineering knowledge and remedies across various sectors, including aerospace, defense, energy, architecture, construction, and transportation. Its offerings enable both business and technical leaders to optimize processes and make effective determinations. Established in 1860, S&P Global Inc. maintains its primary corporate offices in New York, New York.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 12,497,000 | 14,208,000 | 15,336,000 |
| Gross Profit | 8,356,000 | 9,817,000 | 10,773,000 |
| EBITDA | 5,148,000 | 6,778,000 | 7,693,000 |
| Operating Income | 4,020,000 | 5,580,000 | 6,478,000 |
| Net Income | 2,626,000 | 3,852,000 | 4,471,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 60,589,000 | 60,221,000 | 61,200,000 |
| Total Liabilities | 22,489,000 | 22,713,000 | 25,048,000 |
| Total Stockholders Equity | 34,200,000 | 33,159,000 | 31,235,000 |
| Total Debt | 12,000,000 | 11,933,000 | 13,582,000 |
| Cash and Cash Equivalents | 1,290,000 | 1,666,000 | 1,745,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 3,710,000 | 5,689,000 | 5,651,000 |
| Capital Expenditure | -143,000 | -124,000 | -195,000 |
| Free Cash Flow | 3,567,000 | 5,565,000 | 5,456,000 |
| Net Income | 2,893,000 | 3,852,000 | 4,820,000 |
| Net Change in Cash | 4,000 | 375,000 | 79,000 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 20,953,760.050 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 21,334,394.991 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 21,160,022.970 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 10,336,960.685 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 10,524,736.454 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 10,438,714.818 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 9,159,709.179 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 9,376,656.636 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 9,277,270.311 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 5,073,073.217 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 5,165,227.986 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 5,123,011.123 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 30.410 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 30.730 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 30.020 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 6 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 1 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Robust Revenue Growth: S&P Global reported a 6% year-over-year revenue increase in Q2 2025, as highlighted in the earnings call transcript, reflecting strong performance across its business segments. This growth aligns with the company’s focus on data and technology-driven solutions, positioning it as a market leader.
- Strong Profitability Metrics: Key metrics such as high gross profit margin (TTM) and net profit margin (TTM) indicate efficient cost management and profitability, supported by consistent net income growth in recent income statements.
- Solid Cash Flow Generation: Positive free cash flow (TTM) and strong operating cash flow from cash flow statements demonstrate financial stability, providing flexibility for reinvestment and dividend payments (dividend yield TTM noted).
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates SPGI intrinsic value between $262.54 – $437.94 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
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Common questions about SPGI valuation
Is S&P Global Inc. (SPGI) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for S&P Global Inc. (SPGI) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is SPGI a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether SPGI trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is SPGI’s P/E ratio?
You can see SPGI’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for SPGI?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is SPGI a good long-term investment?
Whether SPGI fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
SPGI
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Daily snapshot
1.85
Trading Metrics:
| Open: | 415.13 | Previous Close: | 417.09 | |
| Day Low: | 412.8 | Day High: | 426.67 | |
| Year Low: | 381.61 | Year High: | 579.05 | |
| Price Avg 50: | 424.66 | Price Avg 200: | 474.01 | |
| Volume: | 1.753M | Average Volume: | 2.229M |
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Login — it's freeSPGI full analysis
Hey everyone, welcome back to the channel! Today, we’re diving deep into a comprehensive analysis of S&P Global, ticker SPGI, a heavyweight in the financial data and analytics space. If you’re looking to understand whether this stock deserves a spot in your portfolio, stick around because we’re covering everything from financials to valuation, recent performance, and more. Let’s get started! So, why are we talking about S&P Global? Well, if you’re into investing, you’ve probably come across their name. They’re…
