Full text
Earnings transcript
Read the complete earnings call transcript.
SPGI
S&P Global Inc.
$395.92
-7.38
(-1.83%)
| Exchange: | NYSE |
| Market Cap: | 116.717B |
| Shares Outstanding: | 403.836M |
Delayed data
About The Company
| Sector: | Financial ServicesView sector performance | |||||
| Industry: | Financial – Data & Stock ExchangesView industry performance | |||||
| CEO: | Martina L. Cheung | |||||
| Full Time Employees: | 44500 | |||||
| Address: |
| |||||
| Website: | https://www.spglobal.com |
S&P Global Inc., together with its subsidiaries, provides benchmarks, data, analytics, and workflow solutions in the global capital, energy and commodity, and automotive markets. It operates through five segments: S&P Global Market Intelligence, S&P Global Ratings, S&P Global Energy, S&P Global Mobility, and S&P Dow Jones Indices. The S&P Global Market Intelligence segment provides multi-asset-class data and analytics integrated with purpose-built workflow solutions. This segment offers Data, Analytics & Insights, a desktop product suite that provides data, analytics, and third-party research for global finance and corporate professionals; research, reference data, market data, derived analytics, and valuation services; enterprise solutions, such as software and workflow solutions; and credit and risk solutions for selling Ratings’ credit ratings and related data and research, analytics, and financial risk solutions. The S&P Global Ratings segment operates as an independent provider of credit ratings, research, and analytics offering investors information and independent benchmarks for their investment and financial decisions as well as access to the capital markets. The S&P Global Energy segment provides information and benchmark prices for the energy and commodity markets. The S&P Global Mobility segment offers solutions for the full automotive value chain, including vehicle manufacturers, automotive suppliers, mobility service providers, retailers, consumers, and finance and insurance companies. The S&P Dow Jones Indices segment operates as an index provider that maintains various valuation and index benchmarks for investment advisors, wealth managers, and institutional investors. It has operations in the United States, European region, Asia, and internationally. S&P Global Inc. was founded in 1860 and is headquartered in New York, New York.
Click to read more…
Revenue Segmentation
SPGI 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…
EPS
Historical EPS and analyst estimates in one chart. Log in for the full interactive view and links to detailed estimates.
Earnings Call
AI summary
Key takeaways
Short, structured highlights from the call so you can focus on what matters.
Log in to continue
Log in to read the full transcript and AI-generated earnings summaries.
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 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 18,428,409.474 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 18,846,634.233 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 18,611,410.823 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 11,821,002.422 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 12,156,293.894 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 11,967,715.369 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 8,103,898.421 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 8,343,700.920 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 8,208,828.413 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 4,461,665.606 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 4,562,921.171 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 4,505,971.699 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 26.910 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 27.350 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 26.560 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 6 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 1 | Research Access | Research Access | Research Access | Research Access |
Log in to continue
Log in and subscribe to Full Access to see up to 5 years of analyst estimates.
Login — it's free(* All numbers are in thousands)
Current Key Metrics
Log in to continue
Log in to see all key valuation metrics and ratios for this symbol.
Login — it's freeForward P/E Ratios
Log in to continue
Log in with Full Access for forward P/E high/low estimates and the full multi-year table.
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).
Log in with Research Access for Weaknesses, Opportunities, Threats, and the complete SWOT.
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.
[intrinsic_calculator]
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
1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.
Daily snapshot
-1.83
Trading Metrics:
| Open: | 400 | Previous Close: | 403.3 | |
| Day Low: | 395.12 | Day High: | 400.65 | |
| Year Low: | 361.03 | Year High: | 552.25 | |
| Price Avg 50: | 421.6 | Price Avg 200: | 426.06 | |
| Volume: | 1.699M | Average Volume: | 2.137M |
Log in to continue
Log in for multi-period charts (1W–5Y), period tabs, and the same layout as members.
Login — it's free
