What are S&P Global's profit margins?

S&P Global (SPGI) runs a 70.5% gross margin and a 43.9% operating margin, with a 30.4% 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.

S&P Global SPGI Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Profitability
Gross margin	279.7%+5.7pp	274%+8.9pp	265%-11.3pp	276.3%-15.7pp
Operating margin	162.7%+16.6pp	146.1%+17.5pp	128.6%-79.4pp	208%+9.6pp
Net margin	111.8%+11.9pp	100%+15.8pp	84.2%-57.6pp	141.8%+7.1pp
EBITDA margin	194.5%+14.1pp	180.4%+14.2pp	166.2%-66.9pp	233.1%+25.1pp
Free cash flow margin	147.1%+4.4pp	142.6%+36.2pp	106.4%-0.3pp	106.7%-74.4pp
Returns
Return on equity	49.9%+10.8pp	39.1%+11.2pp	27.9%-42.2pp	70.1%—
Return on assets	27.6%+5.2pp	22.3%+5.8pp	16.5%-19.5pp	36%-49.1pp
Return on invested capital	42.9%+8.2pp	34.7%+8.2pp	26.5%-37.9pp	64.4%-995pp
Efficiency
Asset turnover	1×+0.1×	0.9×+0.1×	0.8×-0.2×	1×-1.5×
Liquidity
Current ratio	3.7×-0.1×	3.7×+0.3×	3.5×-1.0×	4.4×-4.1×
Quick ratio	3.7×-0.1×	3.7×+0.3×	3.5×-1.0×	4.4×-4.1×
Cash ratio	1.1×-0.1×	1.2×+0.2×	1×-1.0×	2×-4.4×
Leverage
Debt-to-equity	1.5×+0.1×	1.4×0.0×	1.4×+0.1×	1.2×-11.9×
Debt-to-assets	0.8×0.0×	0.8×0.0×	0.8×+0.1×	0.7×-0.6×
Net debt / EBITDA	5.8×-1.0×	6.8×-1.6×	8.5×+2.2×	6.3×+7.0×
Interest coverage	81.8×+17.7×	64.1×+17.2×	46.9×-21.9×	68.8×-44.5×
Per Share
Book value per share	$428.37-1.8%	$436.13-1.4%	$442.15-9.1%	$486.48+1,805%
Valuation
Market capitalization	$623.04B+5.7%	$589.53B+19.7%	$492.33B+7.7%	$457.13B+9.9%
Enterprise value	$665.32B+5.4%	$631.03B+17.9%	$535.16B+8.5%	$493.39B+19.5%
Price / earnings	150×-25.0×	175×-18.1×	193.1×+61.6×	131.5×-22.7×
Price / sales	41.9×-1.7×	43.6×+3.2×	40.3×-6.6×	46.9×-5.1×
Price / book	19×+1.7×	17.3×+3.4×	14×+2.0×	12×-268×
EV / EBITDA	92×-11.5×	103.5×-2.4×	105.9×+19.6×	86.3×-12.9×
EV / sales	44.7×-1.9×	46.6×+2.8×	43.8×-6.7×	50.5×-1.1×
Free cash flow yield	14.1%+1.0pp	13.1%+2.5pp	10.6%+1.4pp	9.2%-5.0pp
Earnings yield	10.7%+1.5pp	9.2%+0.8pp	8.4%-3.9pp	12.4%+1.9pp
Dividend yield	3%-0.1pp	3.1%-0.6pp	3.7%+0.5pp	3.2%+0.4pp
PEG ratio	7×-84.4×	91.4×—	——	7.2×—

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Questions, answered.

What are S&P Global's profit margins?: S&P Global (SPGI) runs a 70.5% gross margin and a 43.9% operating margin, with a 30.4% 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.