S&P Global (SPGI) AI Stock Analysis

• Market Cap: $155.38B
• Dividend Yield: 0.73%
• Average Volume (3M): 1.50M
• Price to Earnings (P/E): 39.8
• Beta (1Y): 1.00
• Revenue Growth: 12.98%
• EPS Growth: 42.72%
• Country: US
• Employees: 42,350
• Sector: Financial
• Sector Strength: 85
• Industry: Financial - Data & Stock Exchanges
• EPS (TTM): 12.74
• Shares Outstanding: 306,700,000
• 10 Day Avg. Volume: 1,466,084
• 30 Day Avg. Volume: 1,497,862
• PEG Ratio: 0.93
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 1.10
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: 17.44
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $585.54
• Price Target Upside: 15.58% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 15

S&P Global's overall stock score of 76 reflects its strong financial health and positive earnings guidance, emphasizing growth in revenue and profitability. Technical analysis indicates caution due to mixed signals, while the valuation shows high market expectations. The earnings call was generally positive, highlighting strategic growth areas but also acknowledging market challenges.

Positive Factors

Earnings

First-quarter revenue exceeded expectations, with significant beats in adjusted operating margin and adjusted EPS.

Growth Strategy

SPGI created roles to expand data and sell the entire firm at the C-suite level, expected to accelerate growth.

Strategic Moves

S&P announced its intent to separate its Mobility segment into a standalone public company, aiming for increased simplification and management focus.

Negative Factors

Financial Performance

Full-year guidance was lowered at the midpoint across revenue growth, adjusted operating margin, and adjusted EPS.

Guidance

Full-year guidance was modestly lowered due to weaker issuance expectations in ratings and lower AUM in indices.

Macroeconomic Environment

Heightened macroeconomic uncertainty has led to depressed issuance volumes, particularly for high yield.

S&P Global Business Overview & Revenue Model

Company Description

S&P Global (SPGI) is a leading provider of credit ratings, benchmarks, analytics, and data to the global capital and commodity markets. The company operates through several key segments, including S&P Global Ratings, S&P Global Market Intelligence, S&P Dow Jones Indices, and S&P Global Platts. These divisions offer a wide range of products and services such as credit ratings, research, investment and index data, and commodity and energy market information, serving financial institutions, corporations, governments, and individuals worldwide.

How the Company Makes Money

S&P Global generates revenue through a diversified business model encompassing several key streams. The S&P Global Ratings segment earns fees from providing credit ratings and related research, which are essential for investors and issuers in evaluating credit risk. S&P Global Market Intelligence generates income by offering subscription-based financial data, research, and analytical tools to help clients make informed investment and business decisions. The S&P Dow Jones Indices segment profits from licensing fees for its indices, which are used as benchmarks for investment products like ETFs. Lastly, S&P Global Platts earns revenue by providing market data and price assessments for commodities and energy markets, with clients ranging from traders to governments. The company also benefits from strategic partnerships and acquisitions that expand its product offerings and market reach.

S&P Global Financial Statement Overview

Summary

S&P Global shows impressive financial health with strong revenue growth, high profitability margins, and effective balance sheet management. The company efficiently generates and utilizes cash, maintaining steady growth and stability. These factors contribute to the company's resilience and potential for continued success in the financial industry.

Income Statement

S&P Global has demonstrated strong revenue growth, with a 29.9% increase from 2021 to 2025 TTM. The gross profit margin is robust at 75.4% for TTM, and the net profit margin is healthy at 27.3%. The EBIT and EBITDA margins are also strong at 40.4% and 46.0% respectively, indicating efficient cost management and operational effectiveness.

Balance Sheet

The company maintains a solid balance sheet with a debt-to-equity ratio of 0.36, suggesting manageable leverage levels. The equity ratio stands at 55.9%, indicating a strong equity base relative to total assets. Return on equity is commendable at 11.8%, reflecting effective use of equity to generate profits.

Cash Flow

S&P Global exhibits robust cash flow management, with a high operating cash flow to net income ratio of 1.44, indicating strong cash generation relative to reported profits. The free cash flow to net income ratio is also strong at 1.40. Free cash flow growth has been steady, reflecting efficient capital expenditure management and consistent cash reserves for growth.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
14.21B	12.50B	11.18B	8.30B	7.44B
	Gross Profit
9.82B	8.36B	7.42B	6.10B	5.35B
	EBIT
5.58B	4.02B	3.12B	4.22B	3.62B
	EBITDA
6.78B	5.14B	4.95B	4.71B	4.08B
	Net Income Common Stockholders
3.85B	2.63B	3.25B	3.02B	2.34B
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.69B	1.32B	1.29B	6.50B	4.12B
	Total Assets
60.22B	60.59B	61.78B	15.03B	12.54B
	Total Debt
11.93B	12.00B	11.53B	4.61B	4.65B
	Net Debt
10.27B	10.71B	10.25B	-1.90B	532.00M
	Total Liabilities
22.71B	22.49B	22.04B	9.49B	9.19B
	Stockholders Equity
33.16B	34.20B	36.48B	2.11B	571.00M
Cash Flow		Free Cash Flow
5.57B	3.57B	2.51B	3.56B	3.49B
	Operating Cash Flow
5.69B	3.71B	2.60B	3.60B	3.57B
	Investing Cash Flow
-255.00M	562.00M	3.63B	-120.00M	-240.00M
	Financing Cash Flow
-5.00B	-4.28B	-11.33B	-1.01B	-2.17B

S&P Global Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 506.62
• 50DMA: Positive
• 100DMA: Positive
• 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 506.62 is above the 20-day moving average (MA) of 471.05, above the 50-day MA of 492.66, and above the 200-day MA of 501.94, indicating a bullish trend. The MACD of 2.06 indicates Negative momentum. The RSI at 60.87 is Neutral, neither overbought nor oversold. The STOCH value of 92.94 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
CME	79 Outperform	$101.06B	28.20	13.40%	3.74%	11.72%	13.31%
ICE	79 Outperform	$98.00B	35.73	10.27%	1.05%	15.32%	14.02%
NDAQ	77 Outperform	$44.88B	35.45	11.43%	1.23%	25.89%	16.37%
SPGI	76 Outperform	$155.38B	39.78	11.68%	0.73%	12.98%	42.72%
MCO	75 Outperform	$78.73B	38.85	57.90%	0.77%	15.95%	26.38%
MSCI	70 Outperform	$43.00B	38.22	-117.99%	1.19%	11.67%	-0.89%
Sector *	64 Neutral	$12.65B	9.74	8.04%	17044.64%	12.65%	-5.11%

S&P Global Corporate Events

S&P Global Reports Q1 Revenue Increase and Spin-Off

On April 29, 2025, S&P Global reported an 8% increase in first-quarter revenue to $3.777 billion, with a 10% rise in GAAP net income. The company also announced plans to spin off its Mobility division into a standalone public entity to enhance shareholder value and focus on its core divisions. This strategic move aims to streamline operations and allow the new Mobility company to pursue growth in the automotive sector. Additionally, S&P Global is adjusting its full-year 2025 guidance, reflecting changes in revenue expectations and strategic investments.

Spark’s Take on SPGI Stock

According to Spark, TipRanks’ AI Analyst, SPGI is a Outperform.

S&P Global’s overall stock score of 73 reflects strong financial health and positive earnings guidance, emphasizing growth in revenue and profitability. The technical analysis indicates some caution due to bearish signals, while the valuation suggests a high market expectation. The earnings call highlighted strategic growth areas, yet also presented challenges in competitive market segments.

To see Spark’s full report on SPGI stock, click here.

S&P Global Announces Sale of OSTTRA Joint Venture

On April 14, 2025, S&P Global Inc. announced its agreement to sell OSTTRA, a joint venture with CME Group Inc. This move is part of S&P Global’s strategic efforts to streamline its operations and focus on core business areas, potentially impacting its market positioning and stakeholder interests.

Spark’s Take on SPGI Stock

According to Spark, TipRanks’ AI Analyst, SPGI is a Outperform.

S&P Global’s strong financial performance and positive earnings guidance support a favorable outlook, though high valuation and technical indicators suggest cautious optimism. The company’s strategic focus on innovation and sustainability is a key strength, while maintaining manageable debt levels remains crucial.

To see Spark’s full report on SPGI stock, click here.