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Earnings transcript
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SPGI
S&P Global Inc.
$431.16
5.99
(1.41%)
| Exchange: | NYSE |
| Market Cap: | 130.555B |
| Shares Outstanding: | 403.836M |
About The Company
| Sector: | Financial Services | |||||
| Industry: | Financial – Data & Stock Exchanges | |||||
| CEO: | Martina L. Cheung | |||||
| Full Time Employees: | 42350 | |||||
| Address: |
| |||||
| Website: | https://www.spglobal.com |
S&P Global Inc., together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates in six divisions: 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. The S&P Global Ratings division operates as an independent provider of credit ratings, research, and analytics, offering investors and other market participants information, ratings, and benchmarks. The S&P Dow Jones Indices division is an index provider that maintains various valuation and index benchmarks for investment advisors, wealth managers, and institutional investors. The S&P Global Commodity Insights division offers data and insights for global energy and commodity markets and enable its customers to make decisions. The S&P Global Market Intelligence division delivers data and technology solutions for customers to provide insights for making decisions. It offers data and services that bring end-to-end workflow solutions, including capital formation, data and distribution, ESG and sustainability, leveraged loans, private markets, sector coverage, supply chain, and issuer solutions, as well as credit, risk, and regulatory solutions. The S&P Global Mobility division provides insights derived from unmatched automotive data, enabling its customers to anticipate change and make decisions. The S&P Global Engineering Solutions division offers engineering expertise and solutions in industries, such as aerospace and defense, energy, architecture, construction, and transportation. Its solutions empower business and technical leaders to transform workflows and make decisions. S&P Global Inc. was founded in 1860 and is headquartered 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) | 20,890,740.316 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 21,338,677.009 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 21,143,920.023 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 10,305,871.634 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 10,526,848.870 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 10,430,770.873 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 9,153,747.525 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 9,409,833.210 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 9,298,490.016 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 5,057,815.634 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 5,166,264.697 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 5,119,112.470 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 30.480 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 30.840 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 30 | 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) | 2 | 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.
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
1.41
Trading Metrics:
| Open: | 421.86 | Previous Close: | 425.17 | |
| Day Low: | 420.1 | Day High: | 433.53 | |
| Year Low: | 381.61 | Year High: | 579.05 | |
| Price Avg 50: | 443.92 | Price Avg 200: | 498.69 | |
| Volume: | 1.189M | Average Volume: | 2.692M |
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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…
