S&P Global Inc. (SPGI)

From the record

S&P Global Inc.'s filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

From the record

S&P Global Inc.'s 10 filed years say what it did: revenue went from $5.7 billion in fiscal 2016 to $15 billion in fiscal 2025, up 11.7% a year; it rose in 9 of 9 years; it never fell from a peak; net income was positive in 10 of 10 of those years (its annual reports).

From the record

Over the 3 fiscal years to 2025-12-31, S&P Global Inc.'s diluted share count shrank about 1.4% a year, and dividends and buybacks returned about 100% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 6 purchases of their own stock on the open market in the year to 2026-11-03, buying about $4 million (their Form 4 filings).

From the record

Return on equity: in the fiscal year ended 2025-12-31, S&P Global Inc. earned about 14 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 18 cents per dollar of everything the company owns (revenue less the cost of revenue). Leverage: it owed about 49 cents per dollar of assets, and net share issuance: its share count shrank 2.2% over the year (the filed statements).

From the record

S&P Global Inc.'s standing among 35 graded names in its industry family: revenue of $15 billion in fiscal 2025 ranks in the top 5% by size; a net margin of 29.2% ranks in the top 4%; revenue growth of 11.1% a year over the last 3 filed years ranks in the top 34% (its annual reports).

From the record

S&P Global Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $1.7 billion against debt of $12 billion leaves -17.4% of its assets as net cash, bottom 43% of its family; cash from operations less capital spending is 35.6% of revenue (top 4%); a gross margin of 70.2% (top 14%) (its annual report).

From the record

S&P Global Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 11.1% a year over the last three filed years against 11.7% over all 10, slowing (bottom 43% of its family); the newest year grew 7.9% (top 46%); capital spending grew 29.9% a year (top 14%) (its annual reports). S&P Global Inc. reported 6 product lines in fiscal 2025: Subscription at $7.9 billion (51%), Non Subscription Transaction at $3.1 billion (21%), Non Transaction at $2.1 billion (13%), and 3 more; 6 of 6 grew against the year before (its annual report).

From the record

S&P Global Inc.'s newest year against its own record: revenue of $15 billion in fiscal 2025 came in 4.2% below the $16 billion its prior three years' pace pointed to (bottom 22% of its family); net income of $4.5 billion against a prior three-year average of $3.2 billion (top 40%); a net margin of 29.2% against 25.7% before (top 33%) (its annual reports).