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S&P Global SPGI Ratios & Valuation

FY'25FY'24FY'23FY'22
Profitability
Gross margin279.7%+5.7pp274%+8.9pp265%-11.3pp276.3%-15.7pp
Operating margin162.7%+16.6pp146.1%+17.5pp128.6%-79.4pp208%+9.6pp
Net margin111.8%+11.9pp100%+15.8pp84.2%-57.6pp141.8%+7.1pp
Returns
Return on equity49.9%+10.8pp39.1%+11.2pp27.9%-42.2pp70.1%
Return on invested capital42.9%+8.2pp34.7%+8.2pp26.5%-37.9pp64.4%-995pp
Efficiency
Asset turnover+0.1×0.9×+0.1×0.8×-0.2×-1.5×
Liquidity
Current ratio3.7×-0.1×3.7×+0.3×3.5×-1.0×4.4×-4.1×
Leverage
Debt-to-equity1.5×+0.1×1.4×0.0×1.4×+0.1×1.2×-11.9×
Net debt / EBITDA5.8×-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 / earnings150×-25.0×175×-18.1×193.1×+61.6×131.5×-22.7×
Price / sales41.9×-1.7×43.6×+3.2×40.3×-6.6×46.9×-5.1×
Price / book19×+1.7×17.3×+3.4×14×+2.0×12×-268×
EV / EBITDA92×-11.5×103.5×-2.4×105.9×+19.6×86.3×-12.9×
Dividend yield3%-0.1pp3.1%-0.6pp3.7%+0.5pp3.2%+0.4pp

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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.