Is S&P Global Stock Outperforming Its Rivals?
S&P Global stock has seen a moderate decline over the past year, outperforming some but lagging top peers. A closer look reveals strong profitability and steady revenue growth, though not category-leading. Its moderate valuation suggests a balanced outlook, with upside potentially limited if higher-growth competitors continue to attract investor preference.
- SPGI’s 40.2% operating margin, high yet below MSCI’s 54.7%, reflects MSCI’s asset-light, scalable index/analytics model.
- SPGI’s 9.0% revenue growth lags MSCI, which benefits more from passive investing trends and index customization.
- SPGI’s 21.6% stock drop, underperforming MCO/MSCI, reflects weak 2026 guidance and a slower Ratings segment growth outlook.
Here’s how S&P Global stacks up across size, valuation, and profitability versus key peers.
| SPGI | MCO | MSCI | FDS | VRSK | MORN | |
|---|---|---|---|---|---|---|
| Market Cap ($ Bil) | 122.0 | 75.0 | 38.4 | 7.7 | 23.6 | 6.8 |
| Revenue ($ Bil) | 15.0 | 7.5 | 3.1 | 2.4 | 3.0 | 2.4 |
| PE Ratio | 28.9 | 33.4 | 32.0 | 12.8 | 25.7 | 18.1 |
| LTM Revenue Growth | 9.0% | 8.8% | 9.7% | 5.9% | 7.3% | 7.8% |
| LTM Operating Margin | 40.2% | 43.8% | 54.7% | 31.7% | 44.4% | 19.7% |
| LTM FCF Margin | 36.4% | 32.0% | 46.5% | 27.4% | 36.8% | 16.5% |
| 12M Market Return | -21.6% | -16.3% | -10.5% | -55.0% | -42.0% | -49.9% |
For more details on S&P Global, read Buy or Sell SPGI Stock. Below we compare SPGI’s growth, margin, and valuation with peers across years
Revenue Growth Comparison
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| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| SPGI | 9.0% | – | 13.7% | 11.8% | 34.8% |
| MCO | 8.8% | – | 19.8% | 8.2% | -12.1% |
| MSCI | 9.7% | 9.7% | 12.9% | 12.5% | |
| FDS | 5.9% | 5.4% | 5.6% | 13.1% | |
| VRSK | 7.3% | – | 7.5% | 7.4% | 1.4% |
| MORN | 7.8% | – | 11.6% | 9.0% | 10.1% |
Operating Margin Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| SPGI | 40.2% | – | 38.6% | 32.4% | 27.0% |
| MCO | 43.8% | – | 42.0% | 37.6% | 36.5% |
| MSCI | 54.7% | 54.7% | 53.5% | 54.8% | |
| FDS | 31.7% | 32.2% | 31.8% | 30.2% | |
| VRSK | 44.4% | – | 43.5% | 42.2% | 56.3% |
| MORN | 19.7% | – | 18.5% | 11.3% | 9.0% |
PE Ratio Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| SPGI | 28.9 | – | 42.3 | 60.4 | 43.0 |
| MCO | 33.4 | – | 45.1 | 54.0 | 52.3 |
| MSCI | 32.0 | 36.5 | 42.6 | 39.1 | |
| FDS | 12.8 | 18.4 | 34.0 | 38.9 | |
| VRSK | 25.7 | – | 33.2 | 65.7 | 39.5 |
| MORN | 18.1 | – | 25.1 | 101.7 | 173.0 |
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