S&P Global (SPGI) AI Stock Analysis

• Market Cap: $151.16B
• Dividend Yield: 0.76%
• Average Volume (3M): 1.79M
• Price to Earnings (P/E): 36.3
• Beta (1Y): 0.88
• Revenue Growth: 9.04%
• EPS Growth: 21.35%
• Country: US
• Employees: 42,350
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Data & Stock Exchanges
• EPS (TTM): 4.73
• Shares Outstanding: 302,800,000
• 10 Day Avg. Volume: 1,781,498
• 30 Day Avg. Volume: 1,793,334
• PEG Ratio: 0.81
• Price to Book (P/B): 4.68
• Price to Sales (P/S): 10.92
• P/FCF Ratio: 27.89
• Enterprise Value/Market Cap: 1.08
• Enterprise Value/Revenue: 10.86
• Enterprise Value/Gross Profit: 15.52
• Enterprise Value/Ebitda: 22.23
• 1Y Price Target: $611.64
• Price Target Upside: 22.52% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 16
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 73 Outperform
• Price Target: $543.00 ▲(8.77% Upside)

S&P Global's strong financial performance and positive earnings call sentiment are the primary drivers of its stock score. However, technical indicators suggest a bearish trend, and the high P/E ratio indicates potential overvaluation. The company's strategic focus on innovation and shareholder returns supports a positive outlook, but market challenges in specific segments pose risks.

Positive Factors

Revenue Growth

S&P Global's consistent revenue growth across its segments underscores its strong market position and ability to capture demand in financial services.

Cash Flow Management

Robust cash flow management ensures financial flexibility, enabling strategic investments and shareholder returns, supporting long-term growth.

AI and Product Innovation

Investments in AI and strategic partnerships enhance product offerings, positioning S&P Global as a leader in innovative financial solutions.

Negative Factors

Commodity Insights Challenges

Sanctions and market consolidation in the energy sector pose risks to the Commodity Insights segment, potentially impacting future revenue.

Regulatory Uncertainty in Mobility

Regulatory and tariff uncertainties in the automotive sector may hinder growth in the Mobility division, affecting overall revenue stability.

Sanctions Impact

Sanctions create financial headwinds for S&P Global, particularly impacting the Commodity Insights segment, challenging profitability.

S&P Global Business Overview & Revenue Model

Company Description

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.

How the Company Makes Money

S&P Global generates revenue through multiple key streams. The Ratings segment earns fees from issuing credit ratings to corporations, governments, and other entities, driven by the volume of ratings and ongoing surveillance fees. Market Intelligence derives income from subscriptions to its data and analytics services, which assist clients in making informed investment and business decisions. Platts generates revenue through its pricing services and market reports related to energy and commodities, which are essential for market participants. Lastly, S&P Dow Jones Indices earns licensing fees from investment funds and financial products that track its indices. The company also benefits from strategic partnerships with financial institutions and technology firms, enhancing its data offerings and expanding its client base.

S&P Global Financial Statement Overview

Summary

S&P Global demonstrates strong financial performance with high profitability and operational efficiency. The income statement shows robust margins, and the balance sheet reflects financial stability with manageable debt levels. However, a slight decline in cash flow growth is a concern, though overall cash generation remains healthy.

Income Statement

S&P Global's income statement shows strong profitability with a consistent increase in revenue over the years. The TTM data indicates a gross profit margin of 69.67% and a net profit margin of 27.30%, reflecting efficient cost management and strong bottom-line performance. The revenue growth rate is modest at 1.42% for the TTM, but the company has shown steady growth over the past years. EBIT and EBITDA margins are robust, indicating strong operational efficiency.

Balance Sheet

The balance sheet reflects a stable financial position with a debt-to-equity ratio of 0.36, indicating a conservative leverage approach. The return on equity is healthy at 11.98% for the TTM, showcasing effective use of equity capital. The equity ratio stands at 55.47%, suggesting a strong equity base relative to total assets. Overall, the balance sheet indicates financial stability with manageable debt levels.

Cash Flow

Cash flow analysis reveals a slight decline in free cash flow growth at -2.52% for the TTM, which could be a concern if it persists. However, the operating cash flow to net income ratio is strong at 0.93, indicating good cash generation relative to net income. The free cash flow to net income ratio is also solid at 0.97, suggesting efficient cash conversion. Overall, cash flow remains healthy despite recent growth challenges.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	15.01B	14.21B	12.50B	11.18B	8.30B	7.44B
Gross Profit	10.51B	9.82B	8.36B	7.43B	6.12B	5.35B
EBITDA	7.33B	6.78B	5.15B	6.02B	4.46B	3.58B
Net Income	4.13B	3.85B	2.63B	3.25B	3.02B	2.34B
Balance Sheet
Total Assets	59.75B	60.22B	60.59B	61.78B	15.03B	12.54B
Cash, Cash Equivalents and Short-Term Investments	1.67B	1.69B	1.32B	1.30B	6.51B	4.12B
Total Debt	11.87B	11.93B	12.00B	11.65B	4.70B	4.75B
Total Liabilities	22.05B	22.71B	22.49B	22.04B	9.49B	9.19B
Stockholders Equity	33.24B	33.16B	34.20B	36.48B	2.03B	509.00M
Cash Flow
Free Cash Flow	5.46B	5.57B	3.57B	2.51B	3.56B	3.49B
Operating Cash Flow	5.64B	5.69B	3.71B	2.60B	3.60B	3.57B
Investing Cash Flow	-225.00M	-255.00M	562.00M	3.63B	-120.00M	-240.00M
Financing Cash Flow	-5.45B	-5.00B	-4.28B	-11.33B	-1.01B	-2.17B

S&P Global Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 499.21
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SPGI, the sentiment is Negative. The current price of 499.21 is above the 20-day moving average (MA) of 485.10, below the 50-day MA of 505.42, and below the 200-day MA of 511.50, indicating a neutral trend. The MACD of -1.94 indicates Negative momentum. The RSI at 54.44 is Neutral, neither overbought nor oversold. The STOCH value of 80.18 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SPGI.

S&P Global Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CME	76 Outperform	$96.59B	25.96	13.35%	3.99%	5.84%	8.51%
SPGI	73 Outperform	$151.16B	36.29	12.57%	0.76%	9.04%	21.35%
NDAQ	73 Outperform	$49.03B	30.62	14.07%	1.17%	16.41%	68.03%
MCO	72 Outperform	$86.96B	39.19	57.08%	0.78%	8.77%	13.62%
ICE	71 Outperform	$83.80B	26.76	11.32%	1.29%	8.96%	30.16%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
MSCI	66 Neutral	$43.20B	36.44	―	1.18%	9.02%	3.45%

S&P Global Corporate Events

S&P Global’s Mobility Spin-Off: Navigating Uncertainties and Risks Ahead

S&P Global’s plan to spin off its Mobility business into a separate publicly traded entity faces significant uncertainties and risks. The separation, announced for April 2025, hinges on satisfying numerous complex conditions and could be delayed or derailed by unforeseen developments. The anticipated tax-free status and strategic benefits are not guaranteed, and the process may incur substantial costs and divert management’s focus from core operations. Market reactions could be negative if the separation does not proceed as planned, potentially impacting the company’s financial health and share value.

S&P Global Q3 2025 Earnings Call Highlights Record Growth

S&P Global’s recent earnings call painted a picture of robust financial health, underscored by record-breaking revenue, profit, and earnings per share (EPS). The company showcased significant growth in its Ratings, Indices, and Market Intelligence sectors, while also emphasizing substantial shareholder returns and strategic investments in artificial intelligence (AI) and partnerships. Despite some challenges in the Commodity Insights and Mobility divisions due to sanctions and regulatory uncertainties, the overall sentiment was overwhelmingly positive, with highlights far outweighing any setbacks.

S&P Global Reports Strong Q3 2025 Results

S&P Global is a leading provider of essential intelligence, offering data, analytics, and benchmarks to governments, businesses, and individuals across global capital, commodity, and automotive markets.

S&P Global Releases Q3 2025 Earnings Report

On October 30, 2025, S&P Global Inc. released its earnings report for the third quarter ending September 30, 2025, highlighting the company’s operational results and financial condition. The report also included guidance for the remainder of 2025, offering insights into the company’s future expectations and potential impacts on its market positioning and stakeholder interests.

The most recent analyst rating on (SPGI) stock is a Buy with a $557.00 price target. To see the full list of analyst forecasts on S&P Global stock, see the SPGI Stock Forecast page.

S&P Global’s Mobility Spin-Off: Navigating Uncertainties and Potential Setbacks

The planned separation of S&P Global’s Mobility business into an independent, publicly traded company is fraught with uncertainties and potential setbacks. The complexity of the spin-off, coupled with the need to satisfy numerous conditions, poses a significant risk to its completion within the anticipated timeline or at all. Unforeseen developments, such as market disruptions or challenges in meeting required conditions, could adversely impact the separation, potentially leading to less favorable terms or delayed benefits. Furthermore, the anticipated strategic and financial advantages may not materialize, and the significant resources required for the separation could detract from other business operations, affecting the company’s overall performance and share value.

S&P Global Reports Strong Q2 2025 Results

S&P Global is a leading provider of essential intelligence, offering data, analytics, and benchmarks to enable decision-making in the global capital, commodity, and automotive markets.

S&P Global Reports Strong Earnings Amid Challenges

S&P Global’s recent earnings call painted a picture of robust financial health, underscored by strong revenue growth and margin expansion. The company celebrated significant achievements in AI initiatives and indices performance, although it faced challenges with a decline in Billed Issuance and the impact of sanctions on Commodity Insights.