Nasdaq, Inc. (NDAQ) vs S&P Global Inc. (SPGI)

Nasdaq, Inc. and S&P Global Inc. are both Financial Data & Stock Exchanges companies. S&P Global Inc. is the larger, with a market value of $119.1B against $52.9B — 2.2× the size. S&P Global Inc. trades at the lower P/E: 24.6× against 27.0×. S&P Global Inc. grew revenue faster over the last twelve months: 9.67% against 7.42%. S&P Global Inc. has the higher net margin (30.5% vs 22.5%) and the higher return on invested capital (10.5% vs 8.18%). Both pay a dividend; Nasdaq, Inc. yields more (1.62% vs 0.88%). Across the 23 metrics below, S&P Global Inc. leads on 16 and Nasdaq, Inc. on 7.

Valuation

Metric NDAQ SPGI Financial Data & Stock Exchanges median
P/E 26.96 24.61 21.77
P/S 6.04 7.39 7.79
P/B 4.40 3.77 3.85
Price to free cash flow 27.05 21.38 18.75
EV/EBITDA 18.73 15.55 15.55
EV/Sales 6.94 8.07 6.94
Earnings yield 3.71% 4.06% 4.49%
Free cash flow yield 3.70% 4.68% 4.68%

Profitability

Metric NDAQ SPGI Financial Data & Stock Exchanges median
Gross margin 64.27% 70.90% 70.90%
Operating margin 29.60% 44.43% 29.55%
Net margin 22.52% 30.53% 23.21%
Free cash flow margin 22.34% 34.57% 29.05%
Return on equity 16.52% 15.12% 15.34%
Return on assets 6.82% 7.98% 6.82%
Return on invested capital 8.18% 10.50% 9.96%

Growth

Metric NDAQ SPGI Financial Data & Stock Exchanges median
Revenue growth (TTM) 7.42% 9.67% 9.16%
EPS growth (last fiscal year) 60.10% 18.70% —
Revenue growth, 5-year CAGR 7.99% 15.56% 7.76%
Net income growth, 5-year CAGR 13.89% 13.83% 9.78%

Health

Metric NDAQ SPGI Financial Data & Stock Exchanges median
Debt to equity 0.71 0.48 0.48
Current ratio 1.01 0.95 1.06
Net debt to EBITDA 2.61 1.47 1.08

Dividend

Metric NDAQ SPGI Financial Data & Stock Exchanges median
Dividend yield 1.62% 0.88% 1.16%
Payout ratio 0.37 0.49 0.42

Size

Metric NDAQ SPGI Financial Data & Stock Exchanges median
Market cap 52.94b 119.08b 27.94b

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