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S&P Global SPGI Energy — Depreciation & Amortization

Other segment segments

Market Intelligence
$631M+0.6%
Mobility
$320M+0.9%
Indices
$43M+2.4%
Ratings
$32M-13.5%
Engineering Solutions
$0

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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$121.15B-28.6%
Enterprise value$132.76B-26.2%
P/E24.6×-17.7×
P/S7.5×-4.0×

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

Reported directly by S&P Global in its filing.

Tagged under the XBRL concept us-gaap:DepreciationDepletionAndAmortization.

The source filing: S&P Global’s 10-K, filed February 11, 2026.

Filed
Feb 10, 2026, 7:00 PM EST
Fiscal year
FY2025
Accession
0000064040-26-000013
(in millions)Depreciation & Amortization / 2025Depreciation & Amortization / 2024Depreciation & Amortization / 2023Capital Expenditures / 2025Capital Expenditures / 2024Capital Expenditures / 2023
Market Intelligence$631$627$597$78$61$73
Ratings323737642924
Energy1381371371177
Mobility320317314281822
Indices4342424313
Engineering Solutions2
Total reportable segments1,1641,1601,129185118139
Corporate1513141064

Item 8. Consolidated Financial Statements and Supplementary Data

FAQ

What is S&P Global's energy — depreciation & amortization?
S&P Global (SPGI) reported energy — depreciation & amortization of $34.5M in Q4 2025.
How has S&P Global's energy — depreciation & amortization changed year-over-year?
S&P Global's energy — depreciation & amortization increased by 0.7% year-over-year, from $34.25M to $34.5M.
What is the long-term trend for S&P Global's energy — depreciation & amortization?
Over 2 years (2023 to 2025), S&P Global's energy — depreciation & amortization has grown at a 0.4% compound annual growth rate (CAGR), from $137M to $138M.
What does energy — depreciation & amortization mean?
This metric captures the non-cash expense allocated to the energy segment for the systematic write-down of tangible assets and the amortization of intangible assets, such as acquired technology or customer relationships. It reflects the consumption of the segment's capital base over time. Monitoring this helps investors understand the underlying capital intensity and the impact of past acquisitions on current earnings.

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