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SPGI

S&P Global Inc.
$443.16
+1.15% Oct 21 close
FinancialsS&P 500 Compare
-18%-9%0%+8%+17%Oct 2025Oct 2026Apr 2026
SPGISPY
1W
+8.5%
1M
+9.6%
3M
+3.5%
6M
+4.8%
YTD
-9.7%
1Y
-2.3%

Live chart

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What they do

S&P Global Inc. provides benchmarks, data, analytics, and workflow solutions in the global capital, energy and commodity, and automotive markets. It operates through four segments: S&P Global Market Intelligence, S&P Global Ratings, S&P Global Energy, and S&P Dow Jones Indices. The S&P Global Market Intelligence segment provides multi-asset-class data and analytics integrated with purpose-built workflow solutions.

Financial Services · Financial Data & Stock Exchanges

For information only · Important disclosures

Grades vs sector

Momentum
16th percentile in sector
D
12-1 return: -13.7%
Percentile within its GICS sector across the S&P 1500.
Growth
47th percentile in sector
C
Revenue growth (YoY): +10.4%
Percentile within its GICS sector across the S&P 1500.
Value
11th percentile in sector
D-
Forward E/P: 4.7% · EBITDA/EV: 5.7%
Percentile within its GICS sector across the S&P 1500.
Profitability
62nd percentile in sector
B-
Profit margin: +30.5% · Return on equity: +14.3%
Percentile within its GICS sector across the S&P 1500.
Revisions
Not enough data yet
–
EPS estimate change, 30 days (current FY): –
30-day change in analysts' current-year EPS estimate; graded across covered stocks.

Our models

Not held by any of our 5 live models right now.

Quality Growth
Outside this model's universe or screens
Momentum Top 15
ranked 374 of 499 · 12-month momentum -4.5%
Momentum Blend
Not in the current book
New Highs Growth
Outside this model's universe or screens
Coteau Long Book
Not in the current book

News

More news
S&P Global earnings outlook after Moody’s report
Investing.com · 10h ago
S&P Global (SPGI): Can AI Make Its Data More Valuable?
Insider Monkey · Oct 20

Key stats

Market value$130.6B
P/E (last 12 months)27.0
P/E (next 12 months, estimated)22.0
52-week range$361.03 – $522.47
Revenue growth (latest quarter vs a year ago)+10.4%
Dividend yield0.89%
Analyst consensusStrong Buy (21)
Average analyst price target$514.05 (+16%)
Valuation and fundamentals

Valuation & fundamentals

Bottom line
Roughly fairly valued
Model read-out from the numbers below, not advice. Score +0 (DCF counts double).
•DCF (base case)below the price by 10%
▼Forward P/E vs sector22.0x vs median 10.2x
•Piotroski F-score6/9
▲Net debt / EBITDA1.1x
▲Analyst target+16% (21 analysts)

Discounted cash flow

Bear
$244
-45%
growth 6% · disc. 10.7% · term. 2.0%
Base
$399
-10%
growth 11% · disc. 9.7% · term. 2.5%
Bull
$604
+36%
growth 14% · disc. 8.7% · term. 3.0%

A DCF starts from trailing free cash flow, so it can overstate value if the last 12 months were unusually strong (or weak). Use the bear case or edit the starting cash flow if so.

Reverse DCFfor context, not a signal
Today's price assumes free cash flow grows about 10% a year for 10 years.
Implied
+10%/yr
FCF, last 3 yrs
+29%/yr
FCF, last 5 yrs
+10%/yr
Revenue, last 3 yrs
+11%/yr
Revenue, last 5 yrs
+16%/yr
Same inputs as the DCF above: trailing free cash flow 5.7B, 9.7% discount rate, 2.5% growth after year 10, net debt and today's share count. Actual growth rates are compound annual rates from SEC annual filings through FY2025; "n/a" means too little history or a negative starting year.
Edit assumptions · recalculates instantly
Your value per share–

Free cash flow = operating cash flow − capital spending, trailing 12 months (TTM to 2026-03-31). Growth default: average of 3-year revenue CAGR and latest revenue growth, capped at 30%. Years 6–10 fade linearly to terminal growth. Discount rate = 4.25% risk-free assumption + beta 1.09 × 5% equity premium, kept within 7–13%. Bear: lower growth, +1 pt discount, 2% terminal. Bull: higher growth, −1 pt, 3%.

Multiples vs Financials

P/E (trailing)
sector median 13.0× · 87th pct
27.0×
pricier
Forward P/E
sector median 10.2× · 96th pct
22.0×
pricier
EV / EBITDA
sector median 10.9× · 81st pct
17.3×
pricier
Price / sales
sector median 2.8× · 83rd pct
8.3×
pricier
Price / book
sector median 1.6× · 86th pct
4.2×
pricier
FCF yield
sector median 8.2% · 17th pct
4.3%
pricier

Forward EPS $20.17 vs trailing $16.43 (+23% expected growth). Forward P/E uses analysts' next-12-month estimate.

Backlog (remaining performance obligations)

RPO
$5.7B
as of 2026-03-31
vs a year ago
+16%
YoY
× TTM revenue
0.36×
coverage
24-03
24-06
24-09
25-03
25-06
25-09
25-12
26-03

Contracted revenue not yet recognized, from SEC filings (XBRL tag RevenueRemainingPerformanceObligation).

Quality & financial health

Gross margin
70.5%
Operating margin
43.9%
FCF margin
36.0%
Net margin
30.4%
Return on equity
15.3%
Return on invested capital
13.3%
Net debt / EBITDA
1.1×
Current ratio
0.7×
Interest cover
22.6×
Cash conversion (OCF/NI)
1.2×
Piotroski F-score 6/9 · last two fiscal years
✓ Positive net income✓ Positive operating cash flow✓ Return on assets improved✓ Cash flow above net income✗ Long-term debt / assets fell✗ Current ratio improved✓ No share dilution✗ Gross margin improved✓ Asset turnover improved

Analysts

Mean target
$514
+16%
Analysts
21
Strong Buy
Range
$477–$553
low – high
● price · ◆ mean target

Annual history

FYRevenueNet incomeFree cash flow
2025$15.3B$4.5B$5.7B
2024$14.2B$3.9B$5.7B
2023$12.5B$2.6B$3.7B
2022$11.2B$3.2B$2.6B
2021$8.3B$3.0B$3.6B
2020$7.4B$2.3B$3.6B

From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR +11.1%.

Earnings

Next report: 2026-10-27 · before open · EPS est 4.42
24-1025-0225-0425-0725-1026-0226-0426-070.005.02
EstimateActual (beat)Actual (miss)
ReportEPS estActualSurprise
2026-07-285.024.87-2.9%
2026-04-284.824.97+3.2%
2026-02-104.344.30-0.8%
2025-10-304.414.73+7.3%
2025-07-314.224.43+4.9%
2025-04-294.214.37+3.9%
2025-02-113.473.77+8.6%
2024-10-243.643.89+6.8%

Quarterly revenue

QuarterRevenueYoY
2026-06-30$4.1B+10.4%
2026-03-31$4.2B–
2025-12-31$3.9B–
2025-09-30$3.9B–
2025-06-30$3.8B–
Analyst actions
JP Morgan
2026-10-14 · main
Overweight → Overweight
PT $520
BMO Capital
2026-10-13 · main
Outperform → Outperform
PT $500
Morgan Stanley
2026-10-07 · main
Overweight → Overweight
PT $477
Mizuho
2026-10-06 · main
Outperform → Outperform
PT $531
RBC Capital
2026-08-26 · reit
Outperform → Outperform
PT $510
JP Morgan
2026-07-29 · main
Overweight → Overweight
PT $530

Recent dividends

2026-08-26: $0.970 · 2026-05-29: $0.918 · 2026-02-25: $0.918 · 2025-11-25: $0.908 · 2025-08-26: $0.908 · 2025-05-28: $0.908 · 2025-02-26: $0.908 · 2024-11-26: $0.861
Insider trades
None
None · None
Sell
–
None
None · None
Sell
–

Stats refreshed 2026-10-21 18:02:04 ET from Yahoo Finance (yfinance). "–" means the data isn't available. Refresh now

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coteau

Independent research · Not investment advice · Important disclosures · Contact desk@coteau.app

Coteau Systematic Strategies publishes stock research and model portfolios. Results are hypothetical unless marked Live. Data: Yahoo Finance (15-min delayed), SEC EDGAR and the House Clerk.

Beta 0.9 · Oct 21, 2026