# S&P Global Inc. (SPGI) — Stock CV

S&P Global Inc. is a $120B financial services company. Revenue grew 9.7% over the last year, and it keeps 31¢ of every dollar of sales as profit. It trades at 24.4× earnings — near the lowest of its own history.

> S&P Global provides data and benchmarks to capital and commodity market participants. Its ratings business is the largest credit rating agency in the world and S&P's largest segment by profitability.

## Identity

- **Ticker**: SPGI
- **Sector**: Financial Services
- **Industry**: Services-Consumer Credit Reporting, Collection Agencies
- **Headquarters**: NEW YORK, NY
- **Employees**: 44 500
- **Website**: https://www.spglobal.com
- **Market cap**: $120B
- **Last price**: $407.57
- **Financial profile**: Strained

## Vitals (TTM)

- **Revenue**: $16.1B
- **Net income**: $4.92B
- **Free cash flow**: $5.57B
- **Net debt**: $11.3B
- **P/E**: 24.4
- **Revenue growth (YoY)**: 9.7%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 61 |
| Growth | 72 |
| Profitability | 82 |
| Health | 43 |
| Quality | 79 |
| Moat | 88 |

## Qualifications (beginner checklist) — 9 of 11 passed

- [x] Revenue growing — +9.7% YoY
- [x] Profitable — $4.92B TTM
- [x] Profit growing — +12.8% YoY
- [x] Generates cash — $5.57B TTM
- [x] Debt under control — ~2.0y of cash flow to repay
- [x] Established company — $120B market cap
- [ ] Not printing shares — +26.0% shares over ~5y
- [x] Proven track record — 10/10 profitable years
- [ ] Financially stable — health score 31/100
- [x] Pays a dividend — yield 0.96%
- [x] Valuation not extreme — P/E 24.4

## Experience (career milestones)

- **FY2025** — Best year on record: $4.47B net income
- **FY2022** — Revenue crossed $10B: $11.2B for the year
- **FY2021** — Became debt-free: cash now exceeds total debt
- **FY2016** — Profitable every year on record: 10 consecutive profitable years in our data
- **FY2016** — Revenue already above $1B: $5.66B in first reported year
- **FY2016** — Positive free cash flow every year since: 10-year streak

## Strengths

- High gross margin (63.6%)
- Strongly profitable — 30.5% net margin
- Strong cash conversion — FCF is 34.6% of revenue
- Interest covered 26.4× by operating earnings
- Piotroski F-Score 7/9 — fundamentally strong checklist

## Watch-outs

- None stand out in the data.

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $8.30B | $3.02B | $3.56B |
| FY2022 | $11.2B | $3.25B | $2.51B |
| FY2023 | $12.5B | $2.63B | $3.57B |
| FY2024 | $14.2B | $3.85B | $5.57B |
| FY2025 | $15.3B | $4.47B | $5.46B |

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Source: https://stockcv.com/SPGI — derived from company filings; may be delayed or incomplete. Information, not investment advice.