S&P Global Inc
S&P Global Inc., together with its subsidiaries, provides benchmarks, data, analytics, and workflow solutions in the global capital, energy and commodity, and automotive markets. It operates through five segments: S&P Global Market Intelligence, S&P Global Ratings, S&P Global Energy, S&P Global Mobility, and S&P Dow Jones Indices. The S&P Global Market Intelligence segment provides multi-asset-cl… Read more
S&P Global Inc (SPGI) - Net Assets
Latest net assets as of December 2025: $36.15 Billion USD
Based on the latest financial reports, S&P Global Inc (SPGI) has net assets worth $36.15 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($61.20 Billion) and total liabilities ($25.05 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $36.15 Billion |
| % of Total Assets | 59.07% |
| Annual Growth Rate | 10.08% |
| 5-Year Change | 553.03% |
| 10-Year Change | 1929.87% |
| Growth Volatility | 97.69 |
S&P Global Inc - Net Assets Trend (1985–2025)
This chart illustrates how S&P Global Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for S&P Global Inc (1985–2025)
The table below shows the annual net assets of S&P Global Inc from 1985 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $36.15 Billion | -3.62% |
| 2024-12-31 | $37.51 Billion | -1.55% |
| 2023-12-31 | $38.10 Billion | -4.14% |
| 2022-12-31 | $39.74 Billion | +617.92% |
| 2021-12-31 | $5.54 Billion | +65.16% |
| 2020-12-31 | $3.35 Billion | +19.54% |
| 2019-12-31 | $2.80 Billion | +21.70% |
| 2018-12-31 | $2.30 Billion | +8.78% |
| 2017-12-31 | $2.12 Billion | +18.92% |
| 2016-12-31 | $1.78 Billion | +53.14% |
| 2015-12-31 | $1.16 Billion | -13.79% |
| 2014-12-31 | $1.35 Billion | -37.37% |
| 2013-12-31 | $2.15 Billion | +30.55% |
| 2012-12-31 | $1.65 Billion | +4.17% |
| 2011-12-31 | $1.58 Billion | -30.87% |
| 2010-12-31 | $2.29 Billion | +18.78% |
| 2009-12-31 | $1.93 Billion | +50.44% |
| 2008-12-31 | $1.28 Billion | -20.19% |
| 2007-12-31 | $1.61 Billion | -40.04% |
| 2006-12-31 | $2.68 Billion | -13.93% |
| 2005-12-31 | $3.11 Billion | +4.31% |
| 2004-12-31 | $2.98 Billion | +16.72% |
| 2003-12-31 | $2.56 Billion | +18.06% |
| 2002-12-31 | $2.17 Billion | +16.83% |
| 2001-12-31 | $1.85 Billion | +5.27% |
| 2000-12-31 | $1.76 Billion | +4.11% |
| 1999-12-31 | $1.69 Billion | +9.00% |
| 1998-12-31 | $1.55 Billion | +8.17% |
| 1997-12-31 | $1.43 Billion | +5.40% |
| 1996-12-31 | $1.36 Billion | +31.49% |
| 1995-12-31 | $1.04 Billion | +13.36% |
| 1994-12-31 | $913.10 Million | +10.95% |
| 1993-12-31 | $823.00 Million | -9.44% |
| 1992-12-31 | $908.80 Million | -9.03% |
| 1991-12-31 | $999.00 Million | +4.68% |
| 1990-12-31 | $954.30 Million | +8.42% |
| 1989-12-31 | $880.20 Million | -4.62% |
| 1988-12-31 | $922.80 Million | +11.83% |
| 1987-12-31 | $825.20 Million | -4.19% |
| 1986-12-31 | $861.30 Million | +10.92% |
| 1985-12-31 | $776.50 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to S&P Global Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 3202.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $23.29 Billion | 74.56% |
| Common Stock | $415.00 Million | 1.33% |
| Other Comprehensive Income | $-798.00 Million | -2.55% |
| Other Components | $8.33 Billion | 26.67% |
| Total Equity | $31.23 Billion | 100.00% |
S&P Global Inc Competitors by Market Cap
The table below lists competitors of S&P Global Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
British American Tobacco p.l.c.
NYSE:BTI
|
$124.44 Billion |
|
State Bank of India
PINK:SBKFF
|
$125.51 Billion |
|
UNILEVER PLC LS -,035
XETRA:UNV0
|
$126.02 Billion |
|
Pinduoduo Inc
F:9PDA
|
$126.20 Billion |
|
Accenture plc
NYSE:ACN
|
$121.95 Billion |
|
Bristol-Myers Squibb Company
NYSE:BMY
|
$121.36 Billion |
|
Stryker Corporation
NYSE:SYK
|
$121.18 Billion |
|
Danaher Corporation
NYSE:DHR
|
$120.38 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in S&P Global Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 33,159,000,000 to 31,235,000,000, a change of -1,924,000,000 (-5.8%).
- Net income of 4,471,000,000 contributed positively to equity growth.
- Dividend payments of 1,170,000,000 reduced retained earnings.
- Share repurchases of 5,001,000,000 reduced equity.
- Other comprehensive income increased equity by 85,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $4.47 Billion | +14.31% |
| Dividends Paid | $1.17 Billion | -3.75% |
| Share Repurchases | $5.00 Billion | -16.01% |
| Other Comprehensive Income | $85.00 Million | +0.27% |
| Other Changes | $-309.00 Million | -0.99% |
| Total Change | $- | -5.80% |
Book Value vs Market Value Analysis
This analysis compares S&P Global Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.17x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 221.86x to 4.17x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $1.92 | $426.59 | x |
| 1986-12-31 | $2.13 | $426.59 | x |
| 1987-12-31 | $2.05 | $426.59 | x |
| 1988-12-31 | $2.39 | $426.59 | x |
| 1989-12-31 | $2.32 | $426.59 | x |
| 1990-12-31 | $2.46 | $426.59 | x |
| 1991-12-31 | $2.57 | $426.59 | x |
| 1992-12-31 | $2.38 | $426.59 | x |
| 1993-12-31 | $2.17 | $426.59 | x |
| 1994-12-31 | $2.31 | $426.59 | x |
| 1995-12-31 | $2.59 | $426.59 | x |
| 1996-12-31 | $3.40 | $426.59 | x |
| 1997-12-31 | $3.60 | $426.59 | x |
| 1998-12-31 | $3.90 | $426.59 | x |
| 1999-12-31 | $4.26 | $426.59 | x |
| 2000-12-31 | $4.49 | $426.59 | x |
| 2001-12-31 | $4.72 | $426.59 | x |
| 2002-12-31 | $5.56 | $426.59 | x |
| 2003-12-31 | $6.66 | $426.59 | x |
| 2004-12-31 | $7.74 | $426.59 | x |
| 2005-12-31 | $8.15 | $426.59 | x |
| 2006-12-31 | $7.30 | $426.59 | x |
| 2007-12-31 | $4.66 | $426.59 | x |
| 2008-12-31 | $4.02 | $426.59 | x |
| 2009-12-31 | $5.90 | $426.59 | x |
| 2010-12-31 | $7.08 | $426.59 | x |
| 2011-12-31 | $5.22 | $426.59 | x |
| 2012-12-31 | $2.95 | $426.59 | x |
| 2013-12-31 | $4.80 | $426.59 | x |
| 2014-12-31 | $1.99 | $426.59 | x |
| 2015-12-31 | $0.88 | $426.59 | x |
| 2016-12-31 | $2.64 | $426.59 | x |
| 2017-12-31 | $2.97 | $426.59 | x |
| 2018-12-31 | $2.70 | $426.59 | x |
| 2019-12-31 | $1.94 | $426.59 | x |
| 2020-12-31 | $2.10 | $426.59 | x |
| 2021-12-31 | $8.40 | $426.59 | x |
| 2022-12-31 | $114.53 | $426.59 | x |
| 2023-12-31 | $107.24 | $426.59 | x |
| 2024-12-31 | $106.31 | $426.59 | x |
| 2025-12-31 | $102.38 | $426.59 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently S&P Global Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 14.31%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 29.15%
- • Asset Turnover: 0.25x
- • Equity Multiplier: 1.96x
- Recent ROE (14.31%) is below the historical average (77.87%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 18.98% | 9.88% | 1.17x | 1.64x | $69.75 Million |
| 1986 | 17.88% | 9.77% | 1.08x | 1.70x | $67.87 Million |
| 1987 | 19.97% | 9.41% | 1.07x | 1.98x | $82.28 Million |
| 1988 | 20.10% | 10.20% | 1.03x | 1.91x | $93.22 Million |
| 1989 | 4.52% | 2.22% | 0.81x | 2.51x | $-48.22 Million |
| 1990 | 18.08% | 8.90% | 0.77x | 2.65x | $77.07 Million |
| 1991 | 14.81% | 7.62% | 0.77x | 2.53x | $48.10 Million |
| 1992 | 3.15% | 1.39% | 0.82x | 2.76x | $-62.28 Million |
| 1993 | 1.39% | 0.52% | 0.71x | 3.75x | $-70.90 Million |
| 1994 | 22.24% | 7.36% | 0.92x | 3.29x | $111.79 Million |
| 1995 | 21.94% | 7.74% | 0.95x | 3.00x | $123.59 Million |
| 1996 | 36.42% | 16.12% | 0.84x | 2.68x | $359.59 Million |
| 1997 | 20.26% | 8.23% | 0.95x | 2.60x | $147.24 Million |
| 1998 | 21.47% | 8.94% | 0.98x | 2.44x | $178.02 Million |
| 1999 | 25.17% | 10.67% | 0.98x | 2.42x | $256.65 Million |
| 2000 | 22.93% | 9.43% | 0.87x | 2.80x | $227.69 Million |
| 2001 | 20.34% | 8.12% | 0.90x | 2.78x | $191.64 Million |
| 2002 | 26.63% | 12.05% | 0.95x | 2.32x | $360.18 Million |
| 2003 | 26.89% | 14.24% | 0.90x | 2.11x | $431.94 Million |
| 2004 | 25.32% | 14.40% | 0.90x | 1.96x | $457.37 Million |
| 2005 | 27.12% | 14.06% | 0.94x | 2.05x | $532.99 Million |
| 2006 | 32.92% | 14.10% | 1.04x | 2.26x | $614.27 Million |
| 2007 | 63.09% | 14.97% | 1.07x | 3.96x | $852.89 Million |
| 2008 | 62.35% | 12.58% | 1.05x | 4.74x | $671.26 Million |
| 2009 | 39.54% | 12.27% | 0.92x | 3.51x | $545.77 Million |
| 2010 | 37.46% | 13.42% | 0.88x | 3.19x | $607.03 Million |
| 2011 | 57.51% | 14.59% | 0.97x | 4.06x | $752.60 Million |
| 2012 | 52.02% | 9.82% | 0.63x | 8.40x | $353.00 Million |
| 2013 | 102.38% | 28.23% | 0.80x | 4.51x | $1.24 Billion |
| 2014 | -21.34% | -2.28% | 0.75x | 12.56x | $-168.90 Million |
| 2015 | 475.72% | 21.76% | 0.65x | 33.67x | $1.13 Billion |
| 2016 | 300.43% | 37.20% | 0.65x | 12.37x | $2.04 Billion |
| 2017 | 194.79% | 24.67% | 0.64x | 12.27x | $1.42 Billion |
| 2018 | 286.26% | 31.29% | 0.66x | 13.83x | $1.89 Billion |
| 2019 | 443.22% | 31.69% | 0.59x | 23.69x | $2.08 Billion |
| 2020 | 459.53% | 31.43% | 0.59x | 24.63x | $2.29 Billion |
| 2021 | 148.82% | 36.45% | 0.55x | 7.39x | $2.82 Billion |
| 2022 | 8.90% | 29.05% | 0.18x | 1.69x | $-399.70 Million |
| 2023 | 7.68% | 21.01% | 0.21x | 1.77x | $-794.00 Million |
| 2024 | 11.62% | 27.11% | 0.24x | 1.82x | $536.10 Million |
| 2025 | 14.31% | 29.15% | 0.25x | 1.96x | $1.35 Billion |
Industry Comparison
This section compares S&P Global Inc's net assets metrics with peer companies in the Financial Data & Stock Exchanges industry.
Industry Context
- Industry: Financial Data & Stock Exchanges
- Average net assets among peers: $9,077,174,558
- Average return on equity (ROE) among peers: -171.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| S&P Global Inc (SPGI) | $36.15 Billion | 18.98% | 0.69x | $124.01 Billion |
| ASX Limited (ASXFF) | $2.76 Billion | 10.63% | 2.45x | $7.32 Billion |
| B3 S.A. - Brasil Bolsa Balcão (BOLSY) | $25.40 Billion | 10.69% | 0.58x | $16.93 Billion |
| Bolsa Mexicana de Valores S.A.B. de C.V (BOMXF) | $7.67 Billion | 19.68% | 0.15x | $1.05 Billion |
| Bursa Malaysia Bhd Ord (BSMAF) | $827.48 Million | 20.92% | 1.10x | $835.52 Million |
| Bit Origin Ltd (BTOG) | $909.58K | -1927.48% | 6.35x | $2.44 Million |
| Cboe Global Markets Inc (CBOE) | $3.60 Billion | 14.67% | 0.89x | $30.38 Billion |
| CME Group Inc (CME) | $28.73 Billion | 14.08% | 5.91x | $110.13 Billion |
| Coinbase Global Inc (COIN) | $10.28 Billion | 25.10% | 1.19x | $44.72 Billion |
| Deutsche Börse AG (DBOEF) | $11.26 Billion | 17.31% | 18.73x | $44.04 Billion |
| Dun & Bradstreet Holdings Inc. (DNB) | $250.60 Million | 82.44% | 4.68x | $2.89 Billion |