Valuation, from the filing
| Public float | $161.00B | Market value of stock held by non-affiliates, as stated on the cover page for 2025-06-30 |
|---|---|---|
| Float per share | $538.82 | Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself. |
| Float / net income | 36.0× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / revenue | 10.5× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / equity | 5.2× | A lower bound on the multiple, because affiliate holdings are excluded. |
Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.
Valuation over time
36.0× earnings today, against a median of 32.7× across 9 years on record. Above its own history.
| Float measured | Public float | Float / net income | |
|---|---|---|---|
| 2025-06-30 | $161.00B | 36.0× | |
| 2023-06-30 | $127.50B | 48.6× | |
| 2022-06-30 | $113.30B | 34.9× | |
| 2021-06-30 | $98.90B | 32.7× | |
| 2020-06-30 | $79.40B | 33.9× | |
| 2019-06-30 | $56.10B | 26.4× | |
| 2018-06-30 | $51.30B | 26.2× | |
| 2017-06-30 | $37.50B | 25.1× | |
| 2016-06-30 | $28.30B | 13.4× |
Each float is paired with the fiscal year the filing that stated it covers. Only years where the company reported positive net income appear, because a multiple against a loss is not a multiple.
How this compares in its industry
Percentile among the Services-Consumer Credit Reporting, Collection Agencies filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.
| Measure | Reported | Percentile | |
|---|---|---|---|
| Current ratio | 0.82x | 25th | |
| Effective tax rate | 22.6% | 25th | |
| Net margin | 29.2% | 75th | |
| Operating margin | 42.2% | 75th | |
| Revenue YoY growth | 7.9% | 50th | |
| SBC / revenue | 1.5% | 50th |
S&P Global Inc. (SPGI) reported revenue of $17.21B and net income of $4.99B for the fiscal year ended 2026-09-30. This page shows 1 annual period of income statement, balance sheet and cash flow figures normalized from S&P Global Inc.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Services-Consumer Credit Reporting, Collection Agencies.
Income
| Metric | 2026-09-30 |
|---|---|
| Revenue | $17.21B |
| Cost of revenue | $5.00B |
| Gross profit | $12.21B |
| Operating income | $7.77B |
| Net income | $4.99B |
| Research & development | Unavailable |
| Weighted-average diluted shares | Unavailable |
| Pretax income | $7.47B |
| Income tax expense | $1.77B |
| Diluted EPS | Unavailable |
| Selling, general & administrative | $3.72B |
| General & administrative | Unavailable |
| Selling & marketing | Unavailable |
Balance
| Metric | 2026-09-30 |
|---|---|
| Cash & equivalents | $2.44B |
| Total assets | $48.03B |
| Current assets | $6.42B |
| Total liabilities | $22.85B |
| Current liabilities | $8.72B |
| Total equity incl. NCI | $19.83B |
| Temporary (mezzanine) equity | $5.35B |
| Inventory | Unavailable |
| Accounts receivable | $3.10B |
| Goodwill | $27.60B |
| Long-term debt | $10.61B |
| Accounts payable | $507.00M |
Cash flow
| Metric | 2026-09-30 |
|---|---|
| Operating cash flow | Unavailable |
| Capital expenditures | Unavailable |
| Investing cash flow | Unavailable |
| Financing cash flow | Unavailable |
| Net change in cash | $819.00M |
| Stock-based compensation | $208.00M |
| Common dividends paid | $1.15B |
| Common share repurchases | $6.60B |
| Depreciation & amortization | Unavailable |
Derived
| Metric | 2026-09-30 |
|---|---|
| Free cash flow | Unavailable |
| Gross margin | 70.9% |
| Operating margin | 45.1% |
| FCF margin | Unavailable |
| SBC / revenue | 1.2% |
| Current ratio | 0.74x |
| Revenue YoY growth | 18.2% |
| Net margin | 29.0% |
| R&D / revenue | Unavailable |
| CapEx / revenue | Unavailable |
| Long-term debt / equity | 0.54x |
| Effective tax rate | 23.6% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open SPGI in the interactive workspace to inspect any figure back to its filing.
Source filings
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.