Company Overview
S&P Global Inc is a US-based financial services company listed on the New York Stock Exchange. It provides credit ratings, benchmarks, analytics, and data that support capital markets and corporate decision-making. The company operates through segments including ratings, market intelligence, commodity insights, and indices. Its market capitalization is about USD 127 billion.
Analysis of recent data
FundamentalsS&P Global reported USD figures for 2025, with revenue of about USD 15.3 billion and net income of USD 4.82 billion. Revenue grew 7.9% from the prior year, showing steady top-line expansion. Cash stood at USD 1.7 billion against total debt of USD 13.1 billion, indicating moderate leverage.
Depreciation and amortization were USD 110 million and capital expenditure USD 195 million, suggesting limited capital intensity. EBIT and free cash flow data were not provided, leaving operating efficiency partly unquantified.
Trailing metrics show a 29.16% net margin and 13.65% return on equity, reflecting strong profitability. A gross margin of 70.25% and operating margin of 42.24% highlight the company’s high-value data and analytics model. With a beta of 1.19, the stock moves somewhat more than the market but remains supported by wide margins.
Valuation
DCF / MultiplesAt USD 424.43 per share, the stock trades near the DCF base case. The fair value range is USD 265.54 (bear), USD 453.08 (base), and USD 682.62 (bull). This suggests the market price aligns closely with intrinsic value estimates.
A trailing P/E of 28.36 and net margin of 29.16% imply expectations for continued steady growth. The valuation balance reflects confidence in durable profitability and moderate risk from leverage.
Conclusion
TakeawayS&P Global appears to be a stable compounder built on strong margins and recurring revenue. Its valuation sits close to estimated fair value, suggesting balanced expectations. Debt levels are worth monitoring, but cash generation looks solid. Long-term consistency will likely define its investment appeal.