S&P Global Inc (SPGI) - Net Assets
Based on the latest financial reports, S&P Global Inc (SPGI) has net assets worth $36.64 Billion USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($62.91 Billion) and total liabilities ($26.27 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. Check S&P Global Inc strategic capital allocation to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $36.64 Billion |
| % of Total Assets | 58.25% |
| 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. For live market cap and overall valuation, see SPGI stock market capitalisation.
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. Also explore SPGI shareholders equity momentum to track the company's year-over-year net asset growth rate.
| 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 3256.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $23.67 Billion | 75.77% |
| Common Stock | $415.00 Million | 1.33% |
| Other Comprehensive Income | $-697.00 Million | -2.23% |
| Other Components | $7.85 Billion | 25.14% |
| 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 |
|---|---|
|
BP PLC ADR
NYSE:BP
|
$119.34 Billion |
|
Unilever PLC
NASDAQ:UNLYD
|
$120.76 Billion |
|
Rio Tinto Group
F:RIOA
|
$121.14 Billion |
|
SAFRAN UNSPONS.ADR 1/4
F:SEJU
|
$121.75 Billion |
|
HITACHI LTD ADR/10
F:HIAA
|
$119.08 Billion |
|
Safran SA
PA:SAF
|
$116.99 Billion |
|
Parker-Hannifin Corporation
NYSE:PH
|
$116.67 Billion |
|
Fortinet Inc
NASDAQ:FTNT
|
$116.55 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 186,000,000.
- Other factors decreased equity by 410,000,000.
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 | $186.00 Million | +0.6% |
| Other Changes | $-410.00 Million | -1.31% |
| 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: 3.95x
- 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 210.17x to 3.95x 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 | $404.11 | x |
| 1986-12-31 | $2.13 | $404.11 | x |
| 1987-12-31 | $2.05 | $404.11 | x |
| 1988-12-31 | $2.39 | $404.11 | x |
| 1989-12-31 | $2.32 | $404.11 | x |
| 1990-12-31 | $2.46 | $404.11 | x |
| 1991-12-31 | $2.57 | $404.11 | x |
| 1992-12-31 | $2.38 | $404.11 | x |
| 1993-12-31 | $2.17 | $404.11 | x |
| 1994-12-31 | $2.31 | $404.11 | x |
| 1995-12-31 | $2.59 | $404.11 | x |
| 1996-12-31 | $3.40 | $404.11 | x |
| 1997-12-31 | $3.60 | $404.11 | x |
| 1998-12-31 | $3.90 | $404.11 | x |
| 1999-12-31 | $4.26 | $404.11 | x |
| 2000-12-31 | $4.49 | $404.11 | x |
| 2001-12-31 | $4.72 | $404.11 | x |
| 2002-12-31 | $5.56 | $404.11 | x |
| 2003-12-31 | $6.66 | $404.11 | x |
| 2004-12-31 | $7.74 | $404.11 | x |
| 2005-12-31 | $8.15 | $404.11 | x |
| 2006-12-31 | $7.30 | $404.11 | x |
| 2007-12-31 | $4.66 | $404.11 | x |
| 2008-12-31 | $4.02 | $404.11 | x |
| 2009-12-31 | $5.90 | $404.11 | x |
| 2010-12-31 | $7.34 | $404.11 | x |
| 2011-12-31 | $5.22 | $404.11 | x |
| 2012-12-31 | $2.95 | $404.11 | x |
| 2013-12-31 | $7.70 | $404.11 | x |
| 2014-12-31 | $4.97 | $404.11 | x |
| 2015-12-31 | $0.88 | $404.11 | x |
| 2016-12-31 | $6.72 | $404.11 | x |
| 2017-12-31 | $2.97 | $404.11 | x |
| 2018-12-31 | $9.10 | $404.11 | x |
| 2019-12-31 | $1.94 | $404.11 | x |
| 2020-12-31 | $2.10 | $404.11 | x |
| 2021-12-31 | $8.40 | $404.11 | x |
| 2022-12-31 | $114.53 | $404.11 | x |
| 2023-12-31 | $107.24 | $404.11 | x |
| 2024-12-31 | $106.31 | $404.11 | x |
| 2025-12-31 | $102.38 | $404.11 | 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 (67.86%), 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 | 36.14% | 13.42% | 0.88x | 3.08x | $598.92 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 | 63.88% | 28.23% | 0.80x | 2.81x | $1.16 Billion |
| 2014 | -8.52% | -2.28% | 0.75x | 5.02x | $-249.90 Million |
| 2015 | 475.72% | 21.76% | 0.65x | 33.67x | $1.13 Billion |
| 2016 | 118.25% | 37.20% | 0.65x | 4.87x | $1.93 Billion |
| 2017 | 194.79% | 24.67% | 0.64x | 12.27x | $1.42 Billion |
| 2018 | 84.98% | 31.29% | 0.66x | 4.11x | $1.73 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: $352,883,720
- Average return on equity (ROE) among peers: -77.83%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| S&P Global Inc (SPGI) | $36.64 Billion | 18.98% | 0.72x | $119.13 Billion |
| Bit Origin Ltd (BTOG) | $10.13 Million | 24.23% | 1.67x | $3.09 Million |
| CME Group Inc (CME) | $1.52 Billion | 26.82% | 1.83x | $98.25 Billion |
| Coinbase Global Inc (COIN) | $497.09 Million | -6.11% | 3.81x | $38.76 Billion |
| Dun & Bradstreet Holdings Inc. (DNB) | $-18.80 Million | 0.00% | 0.00x | $4.08 Billion |
| Datacentrex, Inc. (DTCX) | $349.33K | -951.60% | 0.19x | $77.08 Million |
| FactSet Research Systems Inc (FDS) | $511.08 Million | 41.39% | 0.30x | $7.99 Billion |
| Intercontinental Exchange Inc (ICE) | $50.02 Million | 69.38% | 2.40x | $78.63 Billion |
| Moodys Corporation (MCO) | $-97.90 Million | 0.00% | 0.00x | $78.32 Billion |
| Marketwise Inc (MKTW) | $-213.62 Million | 0.00% | 0.00x | $49.68 Million |
| Morningstar Inc (MORN) | $1.27 Billion | 17.59% | 1.12x | $6.28 Billion |
About 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 four segments: S&P Global Market Intelligence, S&P Global Ratings, S&P Global Energy, and S&P Dow Jones Indices. The S&P Global Market Intelligence segment provides multi-asset-class data and analytic… Read more