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Financials · S&P 500 · data as of 2026-10-05

SPGI stock analysis: S&P Global

S&P Global (SPGI) is an S&P 500 company in Financial Exchanges & Data. It grades weakest on value and momentum.

The model's view of SPGI · subscribers

Where SPGI ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with SPGI · updated 2026-10-05 · from prices and SEC filings

SPGI price performance

SPGI against the S&P 500, one year
-20%+0%+20%S&P 500 +18%SPGI -16%2025-09-292026-10-05
Year to date-20.9%S&P 500 +14.5% · behind by 35.4 pts
1 year-13.6%S&P 500 +17.0% · behind by 30.7 pts
3 years+16.5%S&P 500 +89.3% · behind by 72.8 pts
5 years+0.8%S&P 500 +91.3% · behind by 90.5 pts

Total returns with dividends reinvested.

SPGI factor grades

Each grade compares SPGI with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

D+ValueP/E 24.7x (industry 23.8x)FCF yield 4.8% (industry 4.8%)
C+GrowthRevenue growth +9% (industry +8%)EPS growth +24% (industry +24%)
BProfitabilityOperating margin 43.9% (industry 40.7%)ROIC 12.6% (industry 13.9%)
DMomentum12-month change -14%From 52-wk high -24%

SPGI in plain numbers

SPGI key statistics

SectorFinancials
IndustryFinancial Exchanges & Data
IndexS&P 500
Market value$115.7B
Revenue growth (y/y)+9%
Free-cash-flow yield4.8%
Dividend yield6.4%
Next earnings (expected)2026-10-29
Valuation measures
Market value$115.7B
Enterprise value$127.2B
P/E (trailing)24.7x
Forward P/E (Torvanta estimate)21.7x
PEG (Torvanta estimate)1.57
Price / sales7.4x
Price / book3.7x
EV / revenue8.1x
EV / EBITDA18.4x
Financial highlights
Revenue, last 12 months$15.7B
Net income, last 12 months$4.8B
EPS, last 12 months (GAAP)$15.81
Gross margin70.5%
Operating margin43.9%
Net margin30.4%
Return on equity14.8%
Return on invested capital12.6%
Cash$1.8B
Total debt$13.3B
Debt / equity0.43x
Free cash flow, last 12 months$5.6B
Interest cover22.6x
Current ratio0.68x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

SPGI earnings trends

Revenue vs earnings
$0$1.0B$2.1B$3.1B$4.2BJun 2024 Revenue: $3.5BSep 2024 Revenue: $3.6BDec 2024 Revenue: $3.6BMar 2025 Revenue: $3.8BJun 2025 Revenue: $3.8BSep 2025 Revenue: $3.9BDec 2025 Revenue: $3.9BMar 2026 Revenue: $4.2BJun 2024 Net income: $1.0BSep 2024 Net income: $1.0BDec 2024 Net income: $880.0MMar 2025 Net income: $1.1BJun 2025 Net income: $1.1BSep 2025 Net income: $1.2BDec 2025 Net income: $1.1BMar 2026 Net income: $1.4BJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Net margin: 28.5%Net margin: 27.2%Net margin: 24.5%Net margin: 28.9%Net margin: 28.5%Net margin: 30.2%Net margin: 29.0%Net margin: 33.4%0%17%33%■ Revenue ■ Net income ━ Net margin
Earnings per share$0.0$1.2$2.4$3.5$4.7Jun 2024 EPS (GAAP, diluted): $3.2Sep 2024 EPS (GAAP, diluted): $3.1Dec 2024 EPS (GAAP, diluted): $2.9Mar 2025 EPS (GAAP, diluted): $3.5Jun 2025 EPS (GAAP, diluted): $3.5Sep 2025 EPS (GAAP, diluted): $3.9Dec 2025 EPS (GAAP, diluted): $3.8Mar 2026 EPS (GAAP, diluted): $4.7Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026■ EPS (GAAP, diluted) Change from a year earlier: Jun 2025 +8% · Sep 2025 +24% · Dec 2025 +32% · Mar 2026 +32%

From the company's 10-Q and 10-K filings with the SEC.

S&P Global financials (from SEC filings)

Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$8.3B$11.2B$12.5B$14.2B$15.3B
Net income$3.1B$3.2B$2.6B$3.9B$4.5B
EPS (GAAP)$12.51$10.46$8.23$12.35$14.66
Free cash flow$3.6B$2.5B$3.6B$5.6B$5.5B

SPGI earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-04-28$4.69+32%+10%-0.4%
2026-02-10$3.76+32%+9%-11.7%
2025-10-30$3.86+24%+9%+3.8%
2025-07-31$3.50+8%+6%+5.1%
2025-04-29$3.54+12%+8%+3.6%
2025-02-11$2.85+56%+14%+3.4%

About S&P Global

HeadquartersNew York, NY
Industry (SEC code)Services-Consumer Credit Reporting, Collection Agencies
Fiscal year endsDecember 31
Incorporated inNY
Listed onNYSE
FormerlyMCGRAW HILL FINANCIAL INC, MCGRAW-HILL COMPANIES INC, MCGRAW HILL INC

From the company's SEC registration record.

Companies similar to SPGI

CompanyMarket valueP/ERevenue growthOperating margin12-month change
SPGI S&P Global$115.7B24.7x+9%43.9%-14%
CME CME Group$97.6B22.9x+5%65.1%+6%compare
ICE Intercontinental Exchange$85.4B21.5x+7%40.7%-5%compare
MCO Moodys$77.6B28.4x+12%44.8%-7%compare
NDAQ Nasdaq Inc$51.5B26.9x+8%29.5%+7%
COIN Coinbase$49.6Bn/a-10%9.9%-50%
MSCI MSCI Inc$40.2B30.2x+12%55.7%+0%

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Frequently asked questions

Is SPGI stock a buy?

Torvanta does not tell individuals what to buy. Its grades for SPGI are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is SPGI's P/E ratio?

SPGI trades at about 24.7 times its last 12 months of GAAP earnings reported to the SEC, and about 21.7 times Torvanta's own estimate of the next 12 months.

When does SPGI report earnings next?

Based on its filing history, Torvanta expects S&P Global to report around 2026-10-29.

Does SPGI pay a dividend?

Yes. Its dividend yield is about 6.4%, and it has raised its dividend 12 years in a row.

How has SPGI performed against the S&P 500?

Over the past year SPGI returned -13.6%, against +17.0% for the S&P 500, dividends reinvested.

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Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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