S&P Global
SPGI on NYSE. Consumer credit reporting, collection agencies. Market value $121.1bn.
Ranked 993 of 1,305 on tonight’s list. On the list every night since 10 September 2026.
We could not compute this from the filings.
You pay 20.3 years of operating profit for the business. The average large US company costs around 18.
Each dollar kept in the business earns 10 cents a year. Above 10 is good.
Five years of cash, in billions
| Revenue | $4.7bn | $5.1bn | $5.3bn | $1.3bn | $1.5bn |
| Operating margin | 28.9% | 2.2% | 36.1% | 249.1% | 177.8% |
| Debt to equity | 0.61 | 1.63 | 17.88 | 5.48 | 4.47 |
| Shares outstanding | 0.28bn | 0.27bn | 0.27bn | 0.27bn | 0.26bn |
Health checks
- Free cash flow positive0 of 5 years
- Accounting looks honest (Beneish)Watch
- Financial strength (Piotroski)4 of 9
- Profit backed by cash (accruals)Yes
- Debt0.40× equity
- Revenue growth, five yearsShrinking, 25.4% a year
- Buying back its own sharesYes, 8% fewer since 2013
Dates
Funds that own it
| Manager | Value | Change |
|---|---|---|
| TCI Fund Management | $5.7bn | Held |
| Eagle Capital Management | $1.7bn | Added 185% |
| Egerton Capital | $143m | New position |
| Markel Group | $48m | Held |
| Triple Frond Partners | $48m | New position |
| Bridgewater Associates | $39m | Added 191% |
| Semper Augustus | $19m | New position |
| Gotham Asset Management | $17m | Added 29% |
| Wedgewood Partners | $13m | Cut 3% |
| GAMCO Investors | $7m | Cut 10% |
| Aristotle Atlantic Partners | $4m | Cut 11% |
| Lindsell Train | $3m | Held |
| Dodge & Cox | $2m | Cut 4% |
| Brave Warrior Advisors | $570,571 | New position |
| Ruane Cunniff & Goldfarb | $216,255 | Held |
| Himalaya Capital | $0 | Exited |
| Weitz Investment Management | $0 | Exited |
From 13F filings for the quarter ending 30 June 2026. These are reported 45 days late and only show long positions.
Insiders
We do not track insider filings for this company yet.
What could go wrong
Cheap for a reason is the question the numbers cannot answer. Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; the five-year figures are rounded.