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S&P Global SPGI Return on invested capital

Return on invested capital at other companies

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19.5%+1.8pp
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31.4%+5.6pp
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Nasdaq, Inc.NDAQ
10.8%+0.7pp
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19.7%+0.4pp
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MSCIMSCI
45.8%+7.3pp
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News CorporationNWS
6.7%+0.2pp

Other financials

Income statement

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Revenue$4.1B+10.4%
Gross profit$3.0B+13.1%
Operating income$1.8B+16.8%
Net income$1.2B+13.5%
EPS (diluted)$4.12+17.7%

Balance sheet

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Cash & equivalents$4.1B+124%
Total debt$15.7B+31.1%
Total equity$31.5B-5.7%
Total assets$62.9B+4.2%

Cash flow

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Operating cash flow$1.4B-0.4%
CapEx$38.0M-37.7%
Free cash flow$1.4B+1.2%

Valuation

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Market cap$121.44B-29.4%
Enterprise value$133.05B-26.9%
P/E24.7×-18.2×
P/S7.5×-4.2×

Profitability

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Gross margin70.9%+1.2pp
Operating margin44.4%+4.5pp
Net margin30.5%+3.2pp
FCF margin34.6%-2.2pp

Returns & leverage

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Return on equity15.2%+3.4pp
Debt / equity0.5×+0.1×
Current ratio0.0×

Where this comes from

Calculated from S&P Global’s reported figures.

Based on trailing twelve months.

The source filing: S&P Global’s 10-Q, filed July 28, 2026. Open the filing →

Filed
Jul 28, 2026, 4:52 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000064040-26-000045

FAQ

What is S&P Global's return on invested capital?
S&P Global (SPGI) reported return on invested capital of 12.8% in Q2 2026.
How has S&P Global's return on invested capital changed year-over-year?
S&P Global's return on invested capital increased by 24.5% year-over-year, from 10.3% to 12.8%.
What is the long-term trend for S&P Global's return on invested capital?
Over 5 years (2020 to 2025), S&P Global's return on invested capital has grown at a -41.2% compound annual growth rate (CAGR), from 164.7% to 11.6%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.

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