SPGIS&P Global Inc.
Services-Consumer Credit Reporting, Collection Agencies
- Revenue
- $15.3B
- 7.9% YoY
- Operating margin
- 42.2%
- 7.6% YoY
- EBITDA
- $7.7B
- 13% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 0.2×
- $1.2B net debt
- AI in 10-K
- —
Red flags 2 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear126% of net incomeCash flow under 80% of net income
- Dilutive SBCClear2% of revenueOver 10% of revenue
- Payouts exceed cash flowFired109% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyFired57% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $8.3B | $11.2B | $12.5B | $14.2B | $15.3B | 7.9% |
| Operating income | $4.2B | $4.9B | $4.0B | $5.6B | $6.5B | 16% |
| Net income | $3.0B | $3.2B | $2.6B | $3.9B | $4.5B | 16% |
| Operating cash flow | $3.6B | $2.6B | $3.7B | $5.7B | $5.7B | 0.7% |
| Capex | $35M | $89M | $143M | $124M | $195M | 57% |
| Stock-based comp | $122M | $214M | $171M | $247M | $236M | 4.5% |
| Buybacks | $0 | $12.0B | $3.3B | $3.3B | $5.0B | 51% |
| Dividends | $743M | $1.0B | $1.1B | $1.1B | $1.2B | 3.2% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
No pay-versus-performance disclosure yet.