Moodys Corp /de/ vs S&P Global (MCO vs SPGI)
Side by side from their SEC filings: revenue, margins, growth, returns and valuation, plus short interest, insider activity and institutional ownership.
S&P Global is the larger company by revenue ($15.3B vs $7.7B) and market value ($129.6B vs $86.6B). S&P Global has grown revenue faster over the last 4 fiscal years (+84.8% cumulative vs +24.1%). Moodys Corp /de/ runs the higher operating margin (43.4% vs 42.2%). S&P Global trades at the lower trailing P/E (27.7x vs 35.0x).
About Moodys Corp /de/
Moody's Corporation provides data, insights, and analytical tools to help businesses and financial leaders assess and manage risk. Its main services include credit ratings, research, and risk analysis through Moody's Investors Service, and curated data and AI-enabled cloud-based workflow tools through Moody's Analytics. The company serves banks, insurers, investors, corporations, and governments worldwide.
About S&P Global
S&P Global Inc. provides benchmarks, data, analytics, and workflow solutions across capital, energy and commodity, and automotive markets. Its main businesses include Market Intelligence, which offers financial data and analytics; Ratings, which provides credit ratings and research; Energy, delivering price data and insights for energy and commodities; Mobility, serving the automotive value chain with data and analytics; and Indices, offering valuation and index benchmarks for investors. The company serves a wide range of clients including financial institutions, corporations, governments, automotive manufacturers, and investors worldwide.
Head to head (MCO FY2025 vs SPGI FY2025)
| Metric | MCOFY2025 | SPGIFY2025 |
|---|---|---|
| Revenue | $7.72B | $15.34B |
| Revenue growth (YoY) | 8.9% | 7.9% |
| Gross margin | 74.4% | 70.2% |
| Operating margin | 43.4% | 42.2% |
| Net margin | 31.9% | 29.2% |
| Net income | $2.46B | $4.47B |
| Diluted EPS | $13.67 | $14.66 |
| FCF margin | 33.4% | 35.6% |
| ROE | 58.5% | — |
| Debt / equity | 1.7× | — |
| Market cap | $86.59B | $129.60B |
| P/E (TTM) | 35.0× | 27.7× |
Fundamentals are from each company’s SEC filings (MCO FY2025, SPGI FY2025). P/E and market cap are derived from recent market prices and update daily.
Five-year trend (as reported)
| Revenue | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| MCO | $6.22B | $5.47B | $5.92B | $7.09B | $7.72B |
| SPGI | $8.30B | $11.18B | $12.50B | $14.21B | $15.34B |
Peer standing
Where each company ranks among the 424 Financials companies, on the same scale. Each figure is ranked only against peers that report it. Percentiles describe position in the distribution, not a rating.
| Metric | MCO | SPGI |
|---|---|---|
| Gross margin | 74.4%80th percentile of 51 | 70.2%72nd percentile of 51 |
| Operating margin | 43.4%92nd percentile of 147 | 42.2%90th percentile of 147 |
| Net margin | 31.9%86th percentile of 378 | 29.2%81st percentile of 378 |
| FCF margin | 33.4%75th percentile of 273 | 35.6%79th percentile of 273 |
| Revenue growth (YoY) | +8.9%46th percentile of 420 | +7.9%43rd percentile of 420 |
| P/E (TTM) | 35.0×89th percentile of 316 | 27.7×83rd percentile of 316 |
| Short interest (days to cover) | 2.20d31st percentile of 418 | 1.18d12th percentile of 418 |
Short interest
| FINRA settlement data | MCO | SPGI |
|---|---|---|
| Shares sold short | 3.0M | 3.4M |
| Change vs prior settlement | -13.7% | -29.7% |
| Days to cover | 2.20 | 1.18 |
| As of settlement | 2026-06-30 | 2026-06-30 |
Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data; republishing or redistributing it is not permitted. Not presented as a percentage of float. No FINRA endorsement of this product is implied.
Insider activity (last 90 days)
| Form 4 open-market activity | MCO | SPGI |
|---|---|---|
| Buys | 0 | 3 ($2.6M) |
| Sells | 9 ($2.2M) | 0 |
Open-market purchases and sales reported on SEC Form 4 (grants, exercises and tax withholding excluded). For context, about 16% of covered companies saw any open-market insider buy in a 90-day window.
Held by the same investors
9 tracked 13F managers hold both Moodys Corp /de/ and S&P Global as of their latest quarterly filings: AQR Capital Management, Citadel Advisors, D. E. Shaw, Dodge & Cox, Gotham Asset Management, Himalaya Capital Management, Markel Group, Millennium Management, Two Sigma Investments. See which superinvestors hold your own portfolio with the smart money checker.
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Data sourced from SEC EDGAR (public domain). Figures are as-reported and may be unaudited or restated; verify against the source filings before relying on them. Comparisons are descriptive (higher or lower on a reported figure), not a rating or a recommendation. Informational only. Not investment advice.