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Side-by-side financial comparison of CELESTICA INC (CLS) and S&P Global (SPGI). Click either name above to swap in a different company.

S&P Global is the larger business by last-quarter revenue ($4.2B vs $4.0B, roughly 1.0× CELESTICA INC). S&P Global runs the higher net margin — 36.1% vs 5.2%, a 30.8% gap on every dollar of revenue. On growth, CELESTICA INC posted the faster year-over-year revenue change (52.8% vs 10.0%). S&P Global produced more free cash flow last quarter ($919.0M vs $137.9M). Over the past eight quarters, CELESTICA INC's revenue compounded faster (35.4% CAGR vs 8.4%).

Celestica Inc. is a Canadian multinational design, manufacturing, hardware platform, and supply chain electronics manufacturing services (EMS) company, which is headquartered in Toronto, Ontario. The company operates in 50 sites across 15 countries.

S&P Global Inc. is an American publicly traded corporation headquartered in Manhattan, New York. Its primary areas of business are financial information, analytics, and energy and commodities intelligence. It is the parent company of S&P Global Ratings, S&P Global Energy, S&P Global Market Intelligence, S&P Global Mobility, and the Indian credit rating agency CRISIL. It is also the majority owner of the S&P Dow Jones Indices joint venture. "S&P" is a shortening of "Standard and Poor's".

CLS vs SPGI — Head-to-Head

Bigger by revenue
SPGI
SPGI
1.0× larger
SPGI
$4.2B
$4.0B
CLS
Growing faster (revenue YoY)
CLS
CLS
+42.8% gap
CLS
52.8%
10.0%
SPGI
Higher net margin
SPGI
SPGI
30.8% more per $
SPGI
36.1%
5.2%
CLS
More free cash flow
SPGI
SPGI
$781.1M more FCF
SPGI
$919.0M
$137.9M
CLS
Faster 2-yr revenue CAGR
CLS
CLS
Annualised
CLS
35.4%
8.4%
SPGI

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
CLS
CLS
SPGI
SPGI
Revenue
$4.0B
$4.2B
Net Profit
$212.3M
$1.5B
Gross Margin
10.8%
Operating Margin
6723.5%
48.0%
Net Margin
5.2%
36.1%
Revenue YoY
52.8%
10.0%
Net Profit YoY
146.3%
28.0%
EPS (diluted)
$1.83
$4.69

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CLS
CLS
SPGI
SPGI
Q1 26
$4.0B
$4.2B
Q4 25
$3.7B
$3.9B
Q3 25
$3.2B
$3.9B
Q2 25
$2.9B
$3.8B
Q1 25
$2.6B
$3.8B
Q4 24
$3.6B
Q3 24
$2.5B
$3.6B
Q2 24
$2.4B
$3.5B
Net Profit
CLS
CLS
SPGI
SPGI
Q1 26
$212.3M
$1.5B
Q4 25
$267.5M
$1.1B
Q3 25
$267.8M
$1.2B
Q2 25
$211.0M
$1.1B
Q1 25
$86.2M
$1.1B
Q4 24
$879.0M
Q3 24
$89.5M
$971.0M
Q2 24
$95.0M
$1.0B
Gross Margin
CLS
CLS
SPGI
SPGI
Q1 26
10.8%
Q4 25
11.8%
70.1%
Q3 25
13.0%
71.2%
Q2 25
12.8%
70.2%
Q1 25
10.3%
69.5%
Q4 24
69.8%
Q3 24
10.4%
70.0%
Q2 24
10.6%
69.4%
Operating Margin
CLS
CLS
SPGI
SPGI
Q1 26
6723.5%
48.0%
Q4 25
8.6%
42.7%
Q3 25
10.2%
43.1%
Q2 25
9.4%
41.3%
Q1 25
4.9%
41.8%
Q4 24
36.4%
Q3 24
5.5%
40.1%
Q2 24
5.6%
40.9%
Net Margin
CLS
CLS
SPGI
SPGI
Q1 26
5.2%
36.1%
Q4 25
7.3%
28.9%
Q3 25
8.4%
30.2%
Q2 25
7.3%
28.5%
Q1 25
3.3%
28.9%
Q4 24
24.5%
Q3 24
3.6%
27.2%
Q2 24
4.0%
28.5%
EPS (diluted)
CLS
CLS
SPGI
SPGI
Q1 26
$1.83
$4.69
Q4 25
$2.29
$3.76
Q3 25
$2.31
$3.86
Q2 25
$1.82
$3.50
Q1 25
$0.74
$3.54
Q4 24
$2.85
Q3 24
$0.75
$3.11
Q2 24
$0.80
$3.23

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CLS
CLS
SPGI
SPGI
Cash + ST InvestmentsLiquidity on hand
$378.0M
Total DebtLower is stronger
$13.3B
Stockholders' EquityBook value
$2.1B
$31.3B
Total Assets
$8260.0B
$60.8B
Debt / EquityLower = less leverage
0.43×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLS
CLS
SPGI
SPGI
Q1 26
$378.0M
Q4 25
$595.6M
$1.8B
Q3 25
$305.9M
$1.7B
Q2 25
$313.8M
$1.8B
Q1 25
$303.0M
$1.5B
Q4 24
$1.7B
Q3 24
$1.7B
Q2 24
$2.0B
Total Debt
CLS
CLS
SPGI
SPGI
Q1 26
$13.3B
Q4 25
$750.5M
$13.1B
Q3 25
$756.7M
$11.4B
Q2 25
$848.6M
$11.4B
Q1 25
$915.0M
$11.4B
Q4 24
$11.4B
Q3 24
$11.4B
Q2 24
$11.4B
Stockholders' Equity
CLS
CLS
SPGI
SPGI
Q1 26
$2.1B
$31.3B
Q4 25
$2.2B
$31.1B
Q3 25
$2.0B
$33.1B
Q2 25
$1.8B
$33.4B
Q1 25
$1.6B
$33.4B
Q4 24
$33.2B
Q3 24
$1.8B
$34.0B
Q2 24
$1.8B
$34.9B
Total Assets
CLS
CLS
SPGI
SPGI
Q1 26
$8260.0B
$60.8B
Q4 25
$7.2B
$61.2B
Q3 25
$6.6B
$59.7B
Q2 25
$6.2B
$60.4B
Q1 25
$5.8B
$59.9B
Q4 24
$60.2B
Q3 24
$60.4B
Q2 24
$61.0B
Debt / Equity
CLS
CLS
SPGI
SPGI
Q1 26
0.43×
Q4 25
0.34×
0.42×
Q3 25
0.37×
0.34×
Q2 25
0.48×
0.34×
Q1 25
0.59×
0.34×
Q4 24
0.34×
Q3 24
0.34×
Q2 24
0.33×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CLS
CLS
SPGI
SPGI
Operating Cash FlowLast quarter
$356.3M
Free Cash FlowOCF − Capex
$137.9M
$919.0M
FCF MarginFCF / Revenue
3.4%
22.0%
Capex IntensityCapex / Revenue
0.6%
Cash ConversionOCF / Net Profit
1.68×
TTM Free Cash FlowTrailing 4 quarters
$502.6M
$5.5B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLS
CLS
SPGI
SPGI
Q1 26
$356.3M
Q4 25
$250.6M
$1.7B
Q3 25
$126.2M
$1.5B
Q2 25
$152.4M
$1.4B
Q1 25
$130.3M
$953.0M
Q4 24
$1.7B
Q3 24
$122.8M
$1.4B
Q2 24
$99.6M
$1.6B
Free Cash Flow
CLS
CLS
SPGI
SPGI
Q1 26
$137.9M
$919.0M
Q4 25
$155.9M
$1.7B
Q3 25
$88.9M
$1.5B
Q2 25
$119.9M
$1.4B
Q1 25
$93.6M
$910.0M
Q4 24
$1.7B
Q3 24
$76.8M
$1.4B
Q2 24
$62.7M
$1.5B
FCF Margin
CLS
CLS
SPGI
SPGI
Q1 26
3.4%
22.0%
Q4 25
4.3%
43.5%
Q3 25
2.8%
37.6%
Q2 25
4.1%
36.9%
Q1 25
3.5%
24.1%
Q4 24
47.5%
Q3 24
3.1%
39.4%
Q2 24
2.6%
42.9%
Capex Intensity
CLS
CLS
SPGI
SPGI
Q1 26
0.6%
Q4 25
2.6%
1.2%
Q3 25
1.2%
1.2%
Q2 25
1.1%
1.6%
Q1 25
1.4%
1.1%
Q4 24
0.9%
Q3 24
1.8%
1.0%
Q2 24
1.5%
0.9%
Cash Conversion
CLS
CLS
SPGI
SPGI
Q1 26
1.68×
Q4 25
0.94×
1.54×
Q3 25
0.47×
1.28×
Q2 25
0.72×
1.35×
Q1 25
1.51×
0.87×
Q4 24
1.98×
Q3 24
1.37×
1.49×
Q2 24
1.05×
1.54×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CLS
CLS

Segment breakdown not available.

SPGI
SPGI

Ratings$1.3B31%
Market Intelligence$1.3B31%
Energy$652.0M16%
Indices$519.0M12%
Mobility$454.0M11%

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