S&P Global SPGI Ratios & Valuation
| 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 | |
| Returns | |||||
| Return on equity | 49.9%+10.8pp | 39.1%+11.2pp | 27.9%-42.2pp | 70.1%— | |
| 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× | |
| Leverage | |||||
| Debt-to-equity | 1.5×+0.1× | 1.4×0.0× | 1.4×+0.1× | 1.2×-11.9× | |
| Net debt / EBITDA | 5.8×-1.0× | 6.8×-1.6× | 8.5×+2.2× | 6.3×+7.0× | |
| 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% | |
| 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× | |
| Dividend yield | 3%-0.1pp | 3.1%-0.6pp | 3.7%+0.5pp | 3.2%+0.4pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →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.
