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S&P Global SPGI Ratios & Valuation

Q2 '26Q1 '26Q4 '25Q3 '25Q2 '25
Profitability
Gross margin70.9%+1.2pp70.5%+1.0pp70.2%+1.2pp70%+1.3pp69.7%+1.5pp
Operating margin44.4%+4.5pp43.9%+4.0pp42.2%+3.0pp40.7%+3.2pp39.9%+3.8pp
Net margin30.5%+3.2pp30.4%+3.1pp29.2%+2.0pp28.1%+2.3pp27.3%+2.3pp
Returns
Return on equity15.2%+3.4pp14.8%+3.1pp13.9%+2.5pp12.6%+2.3pp11.8%+2.3pp
Return on invested capital12.8%+2.5pp12.7%+2.6pp11.6%+1.7pp10.9%+1.8pp10.3%+1.8pp
Efficiency
Asset turnover0.3×0.0×0.3×0.0×0.3×0.0×0.3×0.0×0.2×0.0×
Liquidity
Current ratio0.0×0.7×-0.2×0.8×0.0×0.0×0.0×
Leverage
Debt-to-equity0.5×+0.1×0.4×0.0×0.4×+0.1×0.4×0.0×0.4×0.0×
Net debt / EBITDA1.4×-0.1×1.2×-0.4×1.6×0.0×1.4×-0.2×1.4×-0.2×
Per Share
Book value per share$106.60-2.3%$104.75-3.4%$102.02-4.0%$108.81-0.3%$109.08-2.1%
Valuation
Market capitalization$121.44B-29.4%$127.09B-18.4%$158.24B+2.4%$148.59B-8.1%$160.39B+14.7%
Price / earnings24.7×-18.2×26.6×-12.8×35.4×-4.7×35.2×-10.3×40×-2.1×
Price / sales7.5×-4.2×8.1×-2.7×10.3×-0.6×9.9×-1.8×10.9×+0.4×
Price / book3.9×-1.3×4.1×-0.6×5.1×+0.4×4.5×-0.3×4.8×+0.8×
EV / EBITDA15.9×-9.9×16.9×-7.1×22.2×-2.2×21.8×-5.4×24.2×-1.0×
Dividend yield1%+0.3pp0.9%+0.2pp0.7%0.0pp0.8%+0.1pp0.7%-0.1pp

FAQ

What are S&P Global's profit margins?
S&P Global (SPGI) runs a 70.9% gross margin and a 44.4% operating margin, with a 30.5% net margin.
Where do S&P Global's ratios come from?
Every ratio is computed from S&P Global's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.