ORIX CORPORATION vs S&P Global Inc., two Credit Services stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
S&P Global sells ratings, indices, and data with no capital at risk; Orix deploys capital across leasing, insurance, lending, and investments, and the toll-booth model earns far better: S&P's 30.4% net margin and 7.9% on assets against Orix's 13.4% and 2.48%. S&P trades at 25.8 times earnings against Orix's no-usable-P/E; Orix pays the bigger dividend, 2.64% against 0.94%, and shows a 21.3% free-cash figure. S&P carries 0.51 turns of debt against Orix's 1.43. The asset-light information monopoly commands a premium multiple over the diversified financial giant, and its economics justify most of it; Orix's discount is the market pricing a Japanese conglomerate's complexity against S&P's clean recurring revenue.
Comparison updated 2026-07-11.
| Metric | IX | SPGI |
|---|---|---|
| Price | $38.30 | $408.17 |
| Market cap | $42.9B | $121.5B |
| Sector | Financial Services | Financial Services |
| Stage | Mature | Mature |
| Implied growth (priced in) | — | +14.6% |
| P/E | — | 25.8 |
| P/B | 1.41 | 3.88 |
| P/S | 1.93 | 7.72 |
| EV/EBITDA | 13.5 | 16.8 |
| Revenue growth | +7.5% | +8.5% |
| Operating margin | 13.7% | 48.0% |
| Net margin | 13.4% | 30.4% |
| Return on equity | 9.8% | 15.3% |
| Return on assets | 2.5% | 7.9% |
| Dividend yield | 2.6% | 0.9% |
| Debt / equity | 1.43 | 0.51 |
| Current ratio | — | 0.68 |
| Altman Z (solvency) | 0.83 | 3.84 |
| Piotroski F (quality) | 9 / 9 | 6 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.