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S&P Global SPGI Energy — CapEx

Other segment segments

Market Intelligence
$78M+27.9%
Ratings
$64M+121%
Mobility
$28M+55.6%
Indices
$4M+33.3%
Engineering Solutions
$0

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Other financials

Income statement

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Revenue$4.2B+10.4%
Gross profit$2.9B+11.9%
Operating income$2.0B+26.9%
Net income$1.4B+28.0%
EPS (diluted)$4.69+32.5%

Balance sheet

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Cash & equivalents$1.8B+23.2%
Total debt$11.2B-6.8%
Total equity$31.2B-6.6%
Total assets$60.8B+1.5%

Cash flow

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Operating cash flow$1.0B+8.8%
CapEx$27.0M-37.2%
Free cash flow$1.0B+11.0%

Valuation

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Market cap$121.63B-18.4%
Enterprise value$131.03B-18.0%
P/E25.5×-12.3×
P/S7.7×-2.6×

Profitability

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Gross margin70.5%+0.9pp
Operating margin43.9%+4.0pp
Net margin30.4%+3.1pp

Returns & leverage

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Return on equity14.8%+3.1pp
Debt / equity0.4×0.0×
Current ratio0.7×-0.2×

Where this comes from

Reported directly by S&P Global in its filing.

Tagged under the XBRL concept us-gaap:PropertyPlantAndEquipmentAdditions.

The official record: S&P Global’s 10-K, filed February 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is S&P Global's energy — capex?
S&P Global (SPGI) reported energy — capex of $2.75M in Q4 2025.
How has S&P Global's energy — capex changed year-over-year?
S&P Global's energy — capex increased by 57.1% year-over-year, from $1.75M to $2.75M.
What is the long-term trend for S&P Global's energy — capex?
Over 2 years (2023 to 2025), S&P Global's energy — capex has grown at a 25.4% compound annual growth rate (CAGR), from $7M to $11M.
What does energy — capex mean?
The amount of money the energy segment spends on long-term assets and infrastructure.
How do you interpret energy — capex?
Higher spending signals investment in growth or technology upgrades, whereas lower spending may indicate a focus on cash flow preservation or a mature asset base.
How does energy — capex compare across companies?
Comparable to capital expenditure figures reported by other data and analytics firms investing in digital infrastructure.