What is S&P Global's energy — goodwill?

S&P Global (SPGI) reported energy — goodwill of $5.56B in Q4 2025.

What does energy — goodwill mean?

Represents the carrying value of goodwill specifically allocated to the Energy business segment. This asset arises when the purchase price of an acquired entity exceeds the fair value of its identifiable net assets within the energy sector.

S&P Global SPGI Energy — Goodwill

Other segment segments

Market Intelligence

$19.66B+7.4%

Mobility

$8.86B0.0%

Indices

$1.51B+9.9%

Ratings

$164M-36.7%

Similar metrics at other companies

CATPower & Energy — Goodwill

$2.05B—

NOVEnergy Equipments — Goodwill

$777M-4.8%

ORAEnergy Storage — Goodwill

$4.6M0.0%

AESEnergy Infrastructure — Goodwill

$27M0.0%

NOVEnergy Products And Services — Goodwill

$806M+0.1%

ALBEnergy Storage — Goodwill

$1.46B+3.5%

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

FCF margin35.3%-3.0pp

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:Goodwill.

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

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What is S&P Global's energy — goodwill?: S&P Global (SPGI) reported energy — goodwill of $5.56B in Q4 2025.
What does energy — goodwill mean?: Represents the carrying value of goodwill specifically allocated to the Energy business segment. This asset arises when the purchase price of an acquired entity exceeds the fair value of its identifiable net assets within the energy sector.