S&P Global Inc. (SPGI)

Executive Summary

S&P Global Inc. (NYSE: SPGI) is, in our view, one of the highest-quality compounders in the public markets — a wide-moat collection of financial-information toll booths anchored by the world’s largest credit-ratings franchise, the iconic S&P 500 / S&P Dow Jones Indices licensing machine, and a deep, recurring data-and-analytics business built out through the transformational $44 billion IHS Markit merger that closed in February 2022. The company throws off prodigious free cash flow at roughly 50% adjusted operating margins, has raised its dividend for 53 consecutive years (a Dividend Aristocrat and near-King), and is about to sharpen its story further by spinning off its Mobility (automotive data) division as an independent public company, Mobility Global Inc., on July 1, 2026.

What’s Inside The Full Report

• 15-year financial summary table — revenue, net income, GAAP & adjusted EPS
• Valuation framework — current multiples vs. 5-year historical range
• Peer comparison table — multiples, margins, balance-sheet metrics
• Base case, bull case, bear case price targets with explicit math
• Competitive position and economic moat analysis
• Management and capital allocation track record
• Balance sheet review — leverage, credit ratings, distribution coverage
• Insider activity — recent open-market buys / sells with interpretation
• Strategic acquisitions and divestitures history
• Sell-side consensus and where TTCM differs
• Detailed risk factors specific to the name
• Bull case and forward catalysts to watch
• TTCM rating with explicit ADD / TRIM price triggers