S&P Global (SPGI) AI Stock Analysis

• Market Cap: $151.36B
• Dividend Yield: 0.77%
• Average Volume (3M): 1.49M
• Price to Earnings (P/E): 36.3
• Beta (1Y): 0.74
• 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: 1,526,146
• 30 Day Avg. Volume: 1,486,006
• 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: $611.73
• Price Target Upside: 19.81% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 17
• EPS Forecast (FY): 17.8
• Revenue Forecast (FY): $15.29B

• Rating: 73 Outperform
• Price Target: $543.00 ▲(6.35% 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 (SPGI) is a leading provider of financial market intelligence, analytics, and data-driven insights, serving a diverse range of sectors including finance, energy, and commodities. The company operates through four main segments: Ratings, Market Intelligence, Platts, and S&P Dow Jones Indices. S&P Global Ratings assesses the creditworthiness of entities and securities, while Market Intelligence offers data and analytics for investment and financial decision-making. Platts provides information and benchmarks for the commodities markets, and S&P Dow Jones Indices is known for its indices, including the widely recognized S&P 500.

How the Company Makes Money

S&P Global generates revenue through several key streams. The Ratings segment earns fees from issuers of debt securities and other financial instruments for credit ratings and related services. Market Intelligence derives revenue from subscriptions to its data and analytics platforms, which cater to financial professionals and institutions seeking insights and risk assessment tools. Platts generates revenue from providing price assessments and market intelligence for energy and commodities, often through subscriptions and data services. The S&P Dow Jones Indices segment earns licensing fees from investment products tied to its indices, as well as revenue from data products. Significant partnerships with financial institutions and corporations enhance S&P Global's offerings and expand its market reach, contributing to its overall earnings.

S&P Global Financial Statement Overview

Summary

S&P Global exhibits strong financial health with consistent revenue growth, solid profitability margins, and effective cash flow management. The balance sheet is stable with manageable leverage, supporting long-term sustainability. The company is well-positioned for continued growth in the financial data and stock exchanges industry.

Income Statement

S&P Global shows strong revenue growth with a TTM increase of 2.13% and consistent annual growth. The gross profit margin remains robust at 51.55% TTM, although it has decreased from previous years. Net profit margin is healthy at 28.10% TTM, indicating efficient cost management. EBIT and EBITDA margins are solid, reflecting strong operational efficiency.

Balance Sheet

The company maintains a moderate debt-to-equity ratio of 0.36 TTM, indicating a balanced approach to leverage. Return on equity is strong at 12.66% TTM, showcasing effective use of shareholder funds. The equity ratio is stable, suggesting a solid financial foundation, though there is room for improvement in asset utilization.

Cash Flow

S&P Global demonstrates impressive free cash flow growth of 92.4% TTM, highlighting strong cash generation capabilities. The operating cash flow to net income ratio is robust at 1.37, indicating efficient cash conversion. The free cash flow to net income ratio is nearly 1, reflecting excellent cash flow management.

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: Positive
• Last Price: 510.59
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Positive
• 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 Positive. The current price of 510.59 is above the 20-day moving average (MA) of 495.70, above the 50-day MA of 490.68, and above the 200-day MA of 506.50, indicating a bullish trend. The MACD of 2.63 indicates Negative momentum. The RSI at 63.51 is Neutral, neither overbought nor oversold. The STOCH value of 82.88 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SPGI.

S&P Global Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ICE	80 Outperform	$91.26B	29.14	11.32%	1.19%	8.96%	30.16%
NDAQ	78 Outperform	$53.06B	33.13	14.07%	1.12%	16.41%	68.03%
MCO	77 Outperform	$87.95B	39.64	57.08%	0.76%	8.77%	13.62%
CME	74 Outperform	$98.43B	26.46	13.35%	3.96%	5.84%	8.51%
SPGI	73 Outperform	$151.36B	36.34	12.57%	0.77%	9.04%	21.35%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
MSCI	62 Neutral	$41.42B	34.94	―	1.31%	9.02%	3.45%

S&P Global Corporate Events

S&P Global Announces Senior Notes Offering

S&P Global has announced a Senior Notes Offering, which is a significant financial maneuver for the company. This move is expected to impact the company’s financial operations and could have implications for its stakeholders, although specific details on the impact were not provided.

S&P Global Announces $1 Billion Senior Notes Offering

On December 1, 2025, S&P Global Inc. announced the pricing of a private offering of $1 billion in senior notes, with $600 million due in 2031 and $400 million due in 2035. These notes, guaranteed by Standard & Poor’s Financial Services LLC, are intended to fund general corporate purposes, including potential acquisitions and debt refinancing, and are expected to close on December 4, 2025, subject to customary conditions.

S&P Global Hosts Investor Day for Strategic Insights

On November 13, 2025, S&P Global announced details about its investor day, which was scheduled to take place on the same day. This event is significant for stakeholders as it provides insights into the company’s strategic direction and operational plans, potentially impacting its market positioning and investor relations.

S&P Global Appoints Robert Moritz as New Director

On November 4, 2025, S&P Global‘s Board of Directors appointed Robert Moritz as a new Director, effective March 1, 2026, expanding the board from nine to ten members. Mr. Moritz will join the Nominating and Corporate Governance Committee and Audit Committee, receiving standard compensation and participating in the company’s Director Deferred Stock Ownership and Compensation Plans.

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.