S&P Global Inc. — Earnings Quality Grade F
SPGI · Financial Services
Major red flags
Screening Summary
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 82 days, change +8 days YoY
AR growth 20.0% exceeds revenue growth 7.9%
Revenue 7.9%, CFFO -0.7%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth 57.3% is >2x revenue growth 7.9%
SG&A/Gross Profit = 31.7%. Normal
Gross margin 70.2%, change +0.9pp. Stable
Cash Flow Quality
CFFO/NI = 1.26. Profits backed by cash
FCF $5.5B, FCF/NI = 1.22
Accruals ratio = -1.9%. Low accruals
Cash $1.8B covers only 13% of debt $13.6B
Balance Sheet Health
Goodwill+Intangibles $52.7B = 169% of equity. Over 50%
Debt/EBITDA = 1.8x. Healthy
Other assets 3.2% vs revenue 7.9%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change 2% YoY. Normal
Manipulation Score
M-Score = -2.44 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score — Not Applicable
S&P Global Inc. is a financial company. Z-Score is designed for non-financial companies.
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-09