S&P Global Financial Ratios
NYSE: SPGIFinanceFinance: Consumer ServicesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
S&P Global ratio analysis
S&P Global earned a net margin of 29.2% in FY 2025, up from 27.1% a year earlier. Gross margin was 70.2% compared with a median of 70.5% over the prior 9 years. Return on equity reached 14.4%, meaning S&P Global generated 0.14 dollars of profit for every dollar of shareholders' equity.
Debt-to-equity stood at 0.42 versus 0.34 the year before, and the current ratio was 0.82. At the end of FY 2025, SPGI traded at 33.1 times earnings; across the 10 fiscal years shown, its year-end P/E ranged from 12.8 to 50.6, with a median of 31.6. Valuation ratios use the closing share price on each fiscal year-end date and diluted shares from the income statement; profitability and leverage ratios use reported annual figures. Current valuation multiples are on the statistics page.
Summary generated from market data by MetaCap's automated system. Methodology
S&P Global financial ratios (annual)
| Ratio | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E ratio (at fiscal year end) | 33.08 | 38.27 | 50.64 | 31.07 | 35.69 | 32.19 | 30.46 | 21.08 | 27.73 | 12.81 |
| Price / sales | 9.64 | 10.37 | 10.62 | 8.98 | 12.96 | 10.07 | 9.60 | 6.53 | 6.77 | 4.72 |
| Price / book | 4.75 | 4.44 | 3.88 | 2.76 | 52.91 | 147.25 | 134.22 | 65.11 | 57.93 | 41.13 |
| Gross margin | 70.2% | 69.3% | 66.9% | 66.4% | 73.7% | 71.9% | 70.5% | 70.6% | 72.1% | 68.7% |
| Operating margin | 42.2% | 39.3% | 32.2% | 44.2% | 50.9% | 48.6% | 48.2% | 44.6% | 42.6% | 59.0% |
| Net margin | 29.2% | 27.1% | 21.0% | 29.0% | 36.4% | 31.4% | 31.7% | 31.3% | 24.7% | 37.2% |
| Free cash flow margin | 35.6% | 39.2% | 28.5% | 22.5% | 42.9% | 46.9% | 39.7% | 31.2% | 31.2% | 25.5% |
| Return on equity (ROE) | 14.4% | 11.6% | 7.7% | 8.9% | 148.8% | 459.5% | 443.2% | 311.8% | 211.0% | 324.0% |
| Return on assets (ROA) | 7.3% | 6.4% | 4.3% | 5.3% | 20.1% | 18.7% | 18.7% | 20.7% | 15.9% | 24.3% |
| Debt / equity | 0.42 | 0.34 | 0.34 | 0.30 | 2.02 | 8.07 | 8.24 | 5.83 | 5.03 | 5.48 |
| Current ratio | 0.82 | 0.85 | 0.84 | 0.94 | 2.31 | 1.67 | 1.52 | 1.36 | 1.35 | 1.41 |
| Revenue growth | 7.9% | 13.7% | 11.8% | 34.8% | 11.5% | 11.1% | 7.0% | 3.2% | 7.1% | 6.5% |
| EPS growth | 18.7% | 50.1% | -19.3% | -18.5% | 29.5% | 12.3% | 11.3% | 33.7% | -27.2% | 88.6% |