SPGI Net Income vs Gross Profit Analysis

SPGI Stock  USD 422.81  3.32  0.79%   
SP Global financial indicator trend analysis is much more than just breaking down SP Global prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether SP Global is a good investment. Please check the relationship between SP Global Net Income and its Gross Profit accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SP Global. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
For more detail on how to invest in SPGI Stock please use our How to Invest in SP Global guide.

Net Income vs Gross Profit

Net Income vs Gross Profit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of SP Global Net Income account and Gross Profit. At this time, the significance of the direction appears to have strong relationship.
The correlation between SP Global's Net Income and Gross Profit is 0.75. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Gross Profit in the same time period over historical financial statements of SP Global, assuming nothing else is changed. The correlation between historical values of SP Global's Net Income and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of SP Global are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Net Income i.e., SP Global's Net Income and Gross Profit go up and down completely randomly.

Correlation Coefficient

0.75
Relationship DirectionPositive 
Relationship StrengthSignificant

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in SP Global financial statement analysis. It represents the amount of money remaining after all of SP Global operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of SP Global minus its cost of goods sold. It is profit before SP Global operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.
Most indicators from SP Global's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into SP Global current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SP Global. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
For more detail on how to invest in SPGI Stock please use our How to Invest in SP Global guide.As of now, SP Global's Tax Provision is increasing as compared to previous years. The SP Global's current Enterprise Value Multiple is estimated to increase to 30.29, while Selling General Administrative is projected to decrease to under 2 B.
 2021 2022 2023 2024 (projected)
Interest Expense119M304M334M350.7M
Depreciation And Amortization229M1.0B1.1B1.2B

SP Global fundamental ratios Correlations

0.970.420.890.990.390.960.85-0.171.00.53-0.170.940.150.980.110.180.910.980.230.090.990.790.630.360.36
0.970.310.870.930.480.940.92-0.020.950.63-0.020.97-0.021.0-0.050.240.790.990.340.090.940.730.690.290.29
0.420.310.640.410.060.290.320.00.40.080.00.34-0.060.340.070.370.390.420.360.00.420.550.00.610.61
0.890.870.640.850.430.790.880.030.870.590.030.91-0.180.880.060.360.710.930.440.210.860.780.60.540.54
0.990.930.410.850.310.960.77-0.281.00.45-0.280.890.270.950.20.120.960.950.120.091.00.790.570.370.37
0.390.480.060.430.310.310.610.390.350.80.390.53-0.240.46-0.310.530.130.460.60.290.320.40.61-0.17-0.17
0.960.940.290.790.960.310.75-0.370.970.43-0.370.880.220.950.210.050.910.930.020.120.970.760.580.370.37
0.850.920.320.880.770.610.750.290.810.80.290.97-0.340.91-0.270.450.550.920.590.060.790.670.710.250.26
-0.17-0.020.00.03-0.280.39-0.370.29-0.240.451.00.07-0.67-0.07-0.730.5-0.5-0.050.84-0.1-0.27-0.230.16-0.27-0.27
1.00.950.40.871.00.350.970.81-0.240.49-0.240.920.20.970.150.130.930.970.160.081.00.790.610.370.37
0.530.630.080.590.450.80.430.80.450.490.450.7-0.340.61-0.390.680.230.610.670.320.460.480.54-0.09-0.09
-0.17-0.020.00.03-0.280.39-0.370.291.0-0.240.450.07-0.67-0.07-0.720.5-0.5-0.040.84-0.1-0.27-0.230.16-0.27-0.27
0.940.970.340.910.890.530.880.970.070.920.70.07-0.150.97-0.090.280.720.980.410.080.90.740.750.30.3
0.15-0.02-0.06-0.180.27-0.240.22-0.34-0.670.2-0.34-0.67-0.150.030.59-0.470.51-0.02-0.560.070.230.17-0.1-0.12-0.12
0.981.00.340.880.950.460.950.91-0.070.970.61-0.070.970.03-0.010.220.830.990.310.070.960.750.670.310.32
0.11-0.050.070.060.2-0.310.21-0.27-0.730.15-0.39-0.72-0.090.59-0.01-0.580.380.01-0.560.390.170.240.10.280.28
0.180.240.370.360.120.530.050.450.50.130.680.50.28-0.470.22-0.58-0.050.260.720.20.130.3-0.130.140.14
0.910.790.390.710.960.130.910.55-0.50.930.23-0.50.720.510.830.38-0.050.82-0.110.090.940.730.420.360.37
0.980.990.420.930.950.460.930.92-0.050.970.61-0.040.98-0.020.990.010.260.820.340.110.960.770.670.370.37
0.230.340.360.440.120.60.020.590.840.160.670.840.41-0.560.31-0.560.72-0.110.340.120.140.260.290.030.03
0.090.090.00.210.090.290.120.06-0.10.080.32-0.10.080.070.070.390.20.090.110.120.080.250.090.190.19
0.990.940.420.861.00.320.970.79-0.271.00.46-0.270.90.230.960.170.130.940.960.140.080.780.580.380.39
0.790.730.550.780.790.40.760.67-0.230.790.48-0.230.740.170.750.240.30.730.770.260.250.780.450.60.6
0.630.690.00.60.570.610.580.710.160.610.540.160.75-0.10.670.1-0.130.420.670.290.090.580.45-0.02-0.02
0.360.290.610.540.37-0.170.370.25-0.270.37-0.09-0.270.3-0.120.310.280.140.360.370.030.190.380.6-0.021.0
0.360.290.610.540.37-0.170.370.26-0.270.37-0.09-0.270.3-0.120.320.280.140.370.370.030.190.390.6-0.021.0
Click cells to compare fundamentals

SP Global Account Relationship Matchups

SP Global fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets11.3B12.5B15.0B61.8B60.6B63.6B
Short Long Term Debt Total4.6B4.7B4.6B11.5B12B12.6B
Other Current Liab863M1.1B1.3B2.2B2.1B1.1B
Total Current Liabilities3.1B3.6B3.8B6.0B6.1B6.4B
Total Stockholder Equity536M571M2.1B36.5B34.2B35.9B
Property Plant And Equipment Net996M778M667M720M637M463.7M
Net Debt1.7B532M(1.9B)10.2B10.7B11.2B
Retained Earnings12.2B13.4B15.0B17.8B18.7B19.7B
Cash2.9B4.1B6.5B1.3B1.3B1.0B
Non Current Assets Total6.6B6.5B6.2B56.1B55.4B58.2B
Non Currrent Assets Other641M684M758M794M536M622.5M
Cash And Short Term Investments2.9B4.1B6.5B1.3B1.3B1.0B
Net Receivables1.6B1.6B1.7B2.5B2.8B3.0B
Common Stock Shares Outstanding246.9M242.1M241.8M318.5M318.9M275.8M
Liabilities And Stockholders Equity11.3B12.5B15.0B61.8B60.6B63.6B
Non Current Liabilities Total5.5B5.6B5.7B16.0B16.4B17.2B
Inventory(1.6B)(1.6B)(1.7B)(1.2B)1M1.1M
Other Current Assets1.8B1.9B2.3B3.1B1B772.5M
Other Stockholder Equity(11.3B)(12.5B)(12.4B)19.2B15.8B16.6B
Total Liab8.5B9.2B9.5B22.0B22.5B23.6B
Total Current Assets4.7B6.0B8.8B5.7B5.1B2.8B
Short Term Debt112M100M96M226M47M83.5M
Intangible Assets1.4B1.4B1.3B18.3B17.4B18.3B
Accounts Payable190M233M205M450M557M294.2M
Property Plant And Equipment Gross996M871M861M297M1.4B1.5B
Accumulated Other Comprehensive Income(624M)(637M)(841M)(886M)(763M)(724.9M)
Other Liab883M944M1.1B4.7B5.4B5.7B
Other Assets558M591M758M580M522M503.2M
Long Term Debt3.9B4.1B4.1B10.7B11.4B12.0B
Treasury Stock(11.0B)(12.3B)(13.5B)(13.5B)(12.1B)(11.5B)
Property Plant Equipment320M284M241M297M267.3M324.5M
Current Deferred Revenue1.9B2.2B2.2B3.1B3.5B3.6B
Good Will3.6B3.7B3.5B34.5B34.9B36.6B
Net Tangible Assets(2.3B)(1.8B)670M(13.2B)(11.9B)(11.3B)
Retained Earnings Total Equity12.2B13.4B15.0B17.8B20.5B10.9B
Short Term Investments28M9M11M14M26M27.3M

Currently Active Assets on Macroaxis

When determining whether SP Global offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of SP Global's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Sp Global Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Sp Global Stock:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SP Global. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
For more detail on how to invest in SPGI Stock please use our How to Invest in SP Global guide.
Note that the SP Global information on this page should be used as a complementary analysis to other SP Global's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.

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When running SP Global's price analysis, check to measure SP Global's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy SP Global is operating at the current time. Most of SP Global's value examination focuses on studying past and present price action to predict the probability of SP Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SP Global's price. Additionally, you may evaluate how the addition of SP Global to your portfolios can decrease your overall portfolio volatility.
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Is SP Global's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of SP Global. If investors know SPGI will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about SP Global listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.367
Dividend Share
3.6
Earnings Share
8.22
Revenue Per Share
39.249
Quarterly Revenue Growth
0.073
The market value of SP Global is measured differently than its book value, which is the value of SPGI that is recorded on the company's balance sheet. Investors also form their own opinion of SP Global's value that differs from its market value or its book value, called intrinsic value, which is SP Global's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because SP Global's market value can be influenced by many factors that don't directly affect SP Global's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between SP Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if SP Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SP Global's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.