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Spire Inc.(SR)Earnings, Financials & Key Ratios
SR•NYSE•Utilities
$86.21
$5.09B mkt cap·19.7× P/E·Price updated May 6, 2026
AboutSpire Inc., together with its subsidiaries, engages in the purchase, retail distribution, and sale of natural gas to residential, commercial, industrial, and other end-users of natural gas in the United States. The company operates in two segments, Gas Utility and Gas Marketing. It is also involved in the marketing of natural gas. In addition, the company engages in the transportation of propane through its propane pipeline; compression of natural gas; risk management; and other activities. Further, it provides physical natural gas storage services. The company was formerly known as The Laclede Group, Inc. and changed its name to Spire Inc. in April 2016. Spire Inc. was founded in 1857 and is based in St. Louis, Missouri.Show more
- Revenue$2.48B-4.5%
- EBITDA$822M+7.2%
- Net Income$272M+8.3%
- Free Cash Flow-$344M-774.0%
- EBITDA Margin33.2%+12.3%
- Net Margin10.97%+13.4%
- ROE8.2%+0.7%
- Interest Coverage2.62+3.3%
- Debt/Equity1.54+4.7%
- Net Debt/EBITDA6.37+2.6%
- CapEx / Revenue37.25%+12.1%
- CapEx Coverage0.63-40.8%
SR Key Insights
Spire Inc. (SR) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong 5Y profit CAGR of 25.1%
- ✓12 years of consecutive dividend growth
- ✓12 consecutive years of dividend growth
- ✓Healthy dividend yield of 3.6%
- ✓Trading at only 1.5x book value
✗Weaknesses
- ✗High leverage: 6.4x Debt/EBITDA
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
SR Price & Volume
Spire Inc. (SR) stock price & volume — 10-year historical chart
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SR Growth Metrics
Spire Inc. (SR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years2.28%
5 Years5.94%
3 Years4.05%
TTM1.91%
Profit CAGR
10 Years7.09%
5 Years25.12%
3 Years7.16%
TTM42.13%
EPS CAGR
10 Years3.3%
5 Years24.86%
3 Years3.43%
TTM40.15%
Return on Capital
10 Years5.42%
5 Years5.58%
3 Years5.47%
Last Year5.76%
SR Recent Earnings
Spire Inc. (SR) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 5/12 qtrs (42%)●Beat Revenue 4/12 qtrs (33%)
Q2 2026Latest
May 6, 2026EPS
$3.76
Est $3.72
+1.1%
Revenue
$1.0B
Est $1.1B
-4.5%
Q1 2026
Feb 3, 2026EPS
$1.77
Est $1.62
+9.3%
Revenue
$762M
Est $731M
+4.3%
Q4 2025
Nov 14, 2025EPS
$0.47
Est $0.40
-18.9%
Revenue
$334M
Est $433M
-22.9%
Q3 2025
Aug 5, 2025EPS
$0.01
Est $0.09
+111.1%
Revenue
$422M
Est $426M
-1.0%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 6, 2026 | $3.76vs $3.72+1.1% | $1.0Bvs $1.1B-4.5% |
| Q1 2026 | Feb 3, 2026 | $1.77vs $1.62+9.3% | $762Mvs $731M+4.3% |
| Q4 2025 | Nov 14, 2025 | $0.47vs $0.40-18.9% | $334Mvs $433M-22.9% |
| Q3 2025 | Aug 5, 2025 | $0.01vs $0.09+111.1% | $422Mvs $426M-1.0% |
Based on last 12 quarters of dataView full earnings history →
SR Peer Comparison
Spire Inc. (SR) competitors in Regulated Gas Distribution Utilities — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 NJR | 5.54B | 54.86 | 16.47 | 13.94% | 15.45% | 18.74% | 1.58 | |
 NFG | 7.75B | 81.51 | 14.35 | 17.11% | 27.48% | 20.37% | 0.92 | |
 NWN | 2.05B | 48.66 | 17.57 | 11.83% | 9.56% | 8.27% | 1.87 | |
 ATO | 30.53B | 184.52 | 24.73 | 12.91% | 27.58% | 7.69% | 0.69 | |
 SWX | 6.57B | 90.82 | 14.94 | -62.05% | 18.55% | 11.85% | 0.89 | |
 CNP | 27.64B | 42.33 | 26.46 | 8.26% | 11.38% | 9.59% | 2.12 | |
 NI | 22.72B | 47.48 | 24.35 | 21.76% | 14.1% | 8.4% | 1.39 | |
 UGI | 7.52B | 35.02 | 11.33 | 1.07% | 8.17% | 12.18% | 1.58 |
Compare SR vs Peers
Spire Inc. (SR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
SR Income Statement
Spire Inc. (SR) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Sep'17 | Sep'18 | Sep'19 | Sep'20 | Sep'21 | Sep'22 | Sep'23 | Sep'24 | Sep'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.74B | 1.97B | 1.95B | 1.86B | 2.24B | 2.2B | 2.67B | 2.59B | 2.48B | 2.47B |
| Revenue Growth % | 13.23% | 12.89% | -0.64% | -4.97% | 20.49% | -1.66% | 21.28% | -2.75% | -4.5% | 1.91% |
| Cost of Revenue | 1.11B | 1.35B | 1.31B | 1.15B | 1.41B | 1.37B | 1.78B | 1.61B | 542.1M | 660.8M |
| Gross Profit | 632.2M▲ 0% | 616M▼ 2.6% | 638M▲ 3.6% | 700.7M▲ 9.8% | 823.4M▲ 17.5% | 825M▲ 0.2% | 887.9M▲ 7.6% | 982.3M▲ 10.6% | 1.93B▲ 96.9% | 1.81B▲ 0% |
| Gross Margin % | 36.32% | 31.35% | 32.68% | 37.77% | 36.83% | 37.53% | 33.3% | 37.88% | 78.11% | 73.3% |
| Gross Profit Growth % | 16.13% | -2.56% | 3.57% | 9.83% | 17.51% | 0.19% | 7.62% | 10.63% | 96.92% | - |
| Operating Expenses | 291.3M | 321.9M | 335.7M | 494.3M | 373.2M | 416.8M | 469.3M | 494M | 1.41B | 1.56B |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| EBITDA | 495M | 462.5M | 484M | 403.7M | 663.3M | 645.5M | 673.4M | 766.7M | 822.1M | 863.8M |
| EBITDA Margin % | 28.44% | 23.54% | 24.79% | 21.76% | 29.67% | 29.36% | 25.26% | 29.57% | 33.2% | 34.91% |
| EBITDA Growth % | 17.91% | -6.57% | 4.65% | -16.59% | 64.31% | -2.68% | 4.32% | 13.86% | 7.23% | 8.76% |
| Depreciation & Amortization | 154.1M | 168.4M | 181.7M | 197.3M | 213.1M | 237.3M | 254.8M | 278.4M | 298.2M | 318.1M |
| D&A / Revenue % | 8.85% | 8.57% | 9.31% | 10.63% | 9.53% | 10.79% | 9.56% | 10.74% | 12.04% | 12.85% |
| Operating Income (EBIT) | 340.9M▲ 0% | 294.1M▼ 13.7% | 302.3M▲ 2.8% | 206.4M▼ 31.7% | 450.2M▲ 118.1% | 408.2M▼ 9.3% | 418.6M▲ 2.5% | 488.3M▲ 16.7% | 523.9M▲ 7.3% | 545.7M▲ 0% |
| Operating Margin % | 19.58% | 14.97% | 15.48% | 11.12% | 20.14% | 18.57% | 15.7% | 18.83% | 21.16% | 22.05% |
| Operating Income Growth % | 20.76% | -13.73% | 2.79% | -31.72% | 118.12% | -9.33% | 2.55% | 16.65% | 7.29% | - |
| Interest Expense | 89.1M | 98.4M | 104.4M | 105.5M | 106.6M | 119.8M | 185.7M | 201.1M | 204.1M | 2M |
| Interest Coverage | 3.68x | 2.91x | 3.10x | 1.96x | 4.19x | 3.33x | 2.38x | 2.54x | 2.62x | - |
| Interest / Revenue % | 5.12% | 5.01% | 5.35% | 5.69% | 4.77% | 5.45% | 6.96% | 7.76% | 8.24% | 0.08% |
| Non-Operating Income | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -4M |
| Pretax Income | 239.2M▲ 0% | 187.7M▼ 21.5% | 219.1M▲ 16.7% | 101M▼ 53.9% | 340.2M▲ 236.8% | 279.7M▼ 17.8% | 256.3M▼ 8.4% | 309.6M▲ 20.8% | 331.4M▲ 7.0% | 356.7M▲ 0% |
| Pretax Margin % | 13.74% | 9.55% | 11.22% | 5.44% | 15.22% | 12.72% | 9.61% | 11.94% | 13.38% | 14.41% |
| Income Tax | 77.6M | -26.5M | 34.5M | 12.4M | 68.5M | 58.9M | 38.8M | 58.7M | 59.7M | 63M |
| Effective Tax Rate % | 32.44% | -14.12% | 15.75% | 12.28% | 20.14% | 21.06% | 15.14% | 18.96% | 18.01% | 17.66% |
| Net Income | 161.6M▲ 0% | 214.2M▲ 32.5% | 184.6M▼ 13.8% | 88.6M▼ 52.0% | 271.7M▲ 206.7% | 220.8M▼ 18.7% | 217.5M▼ 1.5% | 250.9M▲ 15.4% | 271.7M▲ 8.3% | 358.3M▲ 0% |
| Net Margin % | 9.28% | 10.9% | 9.46% | 4.78% | 12.15% | 10.04% | 8.16% | 9.68% | 10.97% | 14.48% |
| Net Income Growth % | 12.07% | 32.55% | -13.82% | -52% | 206.66% | -18.73% | -1.49% | 15.36% | 8.29% | 42.13% |
| EPS (Diluted) | 3.44▲ 0% | 4.34▲ 26.2% | 3.52▼ 18.9% | 1.44▼ 59.1% | 4.96▲ 244.4% | 3.95▼ 20.4% | 3.85▼ 2.5% | 4.19▲ 8.8% | 4.37▲ 4.3% | 6.05▲ 0% |
| EPS Growth % | 5.52% | 26.16% | -18.89% | -59.09% | 244.44% | -20.36% | -2.53% | 8.83% | 4.3% | 40.15% |
| EPS (Basic) | 3.45 | 4.36 | 3.53 | 1.44 | 4.97 | 3.96 | 3.86 | 4.20 | 4.39 | - |
| Diluted Shares Outstanding | 47M | 49.3M | 50.8M | 51.3M | 51.7M | 52.1M | 52.6M | 56.3M | 58.7M | 59.2M |
SR Balance Sheet
Spire Inc. (SR) balance sheet — assets, liabilities & shareholders' equity
| Line item | Sep'17 | Sep'18 | Sep'19 | Sep'20 | Sep'21 | Sep'22 | Sep'23 | Sep'24 | Sep'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 6.55B | 6.84B | 7.62B | 8.24B | 9.36B | 10.08B | 10.31B | 10.86B | 11.58B | 14.67B |
| Asset Growth % | 7.72% | 4.54% | 11.33% | 8.16% | 13.53% | 7.77% | 2.28% | 5.3% | 6.58% | 47.64% |
| PP&E (Net) | 3.72B | 4.14B | 4.35B | 5.18B | 5.59B | 5.94B | 6.48B | 7.26B | 7.82B | 0 |
| PP&E / Total Assets % | 56.78% | 60.57% | 57.12% | 62.82% | 59.72% | 58.86% | 62.81% | 66.86% | 67.58% | 0% |
| Total Current Assets | 725.5M | 659.6M | 614.5M | 590.6M | 1.32B | 1.59B | 1.08B | 771.3M | 807.7M | 1.59B |
| Cash & Equivalents | 7.4M | 4.4M | 5.8M | 4.1M | 4.3M | 6.5M | 5.6M | 4.5M | 5.7M | 49.5M |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Inventory | 225.8M | 210.3M | 196.6M | 191.5M | 305M | 422.3M | 279.5M | 263.9M | 282.5M | 182.1M |
| Other Current Assets | 187.6M | 110.2M | 89.1M | 102.5M | 372.7M | 478.1M | 433.1M | 165.9M | 142.3M | 256.7M |
| Long-Term Investments | 64.2M | 68.7M | 550.1M | 71.7M | 83.1M | 90.9M | 108.1M | 115.3M | 130.1M | 380.9M |
| Goodwill | 1.17B | 1.17B | 1.17B | 1.17B | 1.17B | 1.17B | 1.17B | 1.17B | 1.17B | 737.9M |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 77.1M | 128.9M | 163.4M | 1.23B | 1.2B | 1.29B | 1.48B | 1.54B | 1.64B | 12.34B |
| Total Liabilities | 4.56B | 2.33B | 5.08B | 5.72B | 6.69B | 7.25B | 7.38B | 7.62B | 8.18B | 11.25B |
| Total Debt | 2.57B | 2.63B | 2.87B | 3.2B | 3.73B | 4.36B | 4.74B | 4.76B | 5.24B | 2.19B |
| Net Debt | 2.56B | 2.62B | 2.86B | 3.19B | 3.72B | 4.35B | 4.74B | 4.76B | 5.23B | 2.14B |
| Long-Term Debt | 2B | 1.9B | 2.08B | 2.42B | 2.94B | 2.96B | 3.55B | 3.7B | 3.37B | 0 |
| Short-Term Borrowings | 577.3M | 729.1M | 783.2M | 714.9M | 734.3M | 1.33B | 1.12B | 989M | 1.81B | 2.19B |
| Capital Lease Obligations | 0 | 0 | 0 | 58.4M | 53.7M | 73.7M | 70.2M | 69.3M | 59.1M | 59.1M |
| Total Current Liabilities | 1.1B | 1.32B | 1.47B | 1.45B | 1.61B | 2.35B | 1.76B | 1.7B | 2.55B | 2.91B |
| Accounts Payable | 257.1M | 290.1M | 301.5M | 243.3M | 409.9M | 617.4M | 253.1M | 237.2M | 248.3M | 185.2M |
| Accrued Expenses | 38.7M | 39.7M | 45.7M | 46.3M | 59.5M | 50.2M | 47M | 51.5M | 54.1M | 93.7M |
| Deferred Revenue | 32M | 58.2M | 68.2M | 45.3M | 32.1M | 18.7M | 20.9M | 78.3M | 58.1M | 0 |
| Other Current Liabilities | 131.8M | 174.7M | 237.3M | 328M | 293.7M | 252M | 211.4M | 236.1M | 268.4M | 531.8M |
| Deferred Taxes | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 3.69B |
| Other Liabilities | 755M | -1.32B | 1.07B | 1.27B | 1.47B | 1.19B | 1.26B | 1.34B | 1.32B | 7.36B |
| Total Equity | 1.99B▲ 0% | 2.26B▲ 13.7% | 2.55B▲ 12.5% | 2.53B▼ 0.8% | 2.67B▲ 5.6% | 2.83B▲ 6.1% | 2.93B▲ 3.6% | 3.23B▲ 10.2% | 3.4B▲ 5.0% | 3.42B▲ 0% |
| Equity Growth % | 12.62% | 13.66% | 12.51% | -0.81% | 5.63% | 6.13% | 3.61% | 10.19% | 5.04% | 10.21% |
| Shareholders Equity | 1.99B | 2.26B | 2.54B | 2.52B | 2.66B | 2.82B | 2.92B | 3.23B | 3.39B | 3.42B |
| Minority Interest | 0 | 7.9M | 3.4M | 3.4M | 9.8M | 13.1M | 16.5M | 8.6M | 6.1M | 0 |
| Common Stock | 1.37B | 1.53B | 51M | 51.6M | 51.7M | 52.5M | 53.2M | 57.7M | 59M | 2.04B |
| Additional Paid-in Capital | 1.33B | 1.48B | 1.51B | 1.55B | 1.52B | 1.57B | 1.62B | 1.9B | 1.98B | 0 |
| Retained Earnings | 615.1M | 715.6M | 775.5M | 720.7M | 843M | 905.5M | 958M | 1.02B | 1.09B | 1.35B |
| Accumulated OCI | 3.2M | 6.4M | -31.3M | -41.2M | 3.6M | 47.2M | 47.6M | 12.1M | 19.4M | 24.5M |
| Return on Assets (ROA) | 2.56% | 3.2% | 2.55% | 1.12% | 3.09% | 2.27% | 2.13% | 2.37% | 2.42% | 2.89% |
| Return on Equity (ROE) | 8.6% | 10.07% | 7.68% | 3.49% | 10.46% | 8.03% | 7.54% | 8.14% | 8.2% | 10.44% |
| Debt / Equity | 1.29x | 1.16x | 1.13x | 1.27x | 1.40x | 1.54x | 1.62x | 1.47x | 1.54x | 1.54x |
| Debt / Assets | 39.29% | 38.42% | 37.61% | 38.79% | 39.83% | 43.21% | 45.99% | 43.85% | 45.26% | 14.95% |
| Net Debt / EBITDA | 5.18x | 5.68x | 5.91x | 7.91x | 5.61x | 6.74x | 7.04x | 6.21x | 6.37x | 6.37x |
| Book Value per Share | 42.37 | 45.91 | 50.13 | 49.23 | 51.61 | 54.35 | 55.78 | 57.42 | 57.84 | 57.73 |
SR Cash Flow Statement
Spire Inc. (SR) cash flow — operating, investing & free cash flow history
| Line item | Sep'17 | Sep'18 | Sep'19 | Sep'20 | Sep'21 | Sep'22 | Sep'23 | Sep'24 | Sep'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 288.3M | 456.6M | 450.9M | 469.9M | 249.8M | 55M | 440.2M | 912.4M | 578M | 578M |
| Operating CF Growth % | -12.18% | 58.38% | -1.25% | 4.21% | -46.84% | -77.98% | 700.36% | 107.27% | -36.65% | -148.12% |
| Operating CF / Revenue % | 16.56% | 23.24% | 23.09% | 25.33% | 11.17% | 2.5% | 16.51% | 35.19% | 23.34% | 23.36% |
| Net Income | 161.6M | 214.2M | 184.6M | 88.6M | 271.7M | 220.8M | 217.5M | 250.9M | 271.7M | 358.3M |
| Depreciation & Amortization | 154.1M | 168.4M | 181.7M | 197.3M | 213.1M | 237.3M | 254.8M | 278.4M | 298.2M | 321.3M |
| Deferred Taxes | 77M | -28.7M | 31.8M | 9M | 67M | 57.9M | 36.9M | 57M | 57.3M | -14.5M |
| Other Non-Cash Items | 4.2M | 44.2M | -11.2M | -600K | 3.4M | 2.4M | 3.2M | 0 | 13.1M | -48M |
| Working Capital Changes | -108.6M | 58.5M | 56.8M | 166.8M | -319.3M | -469.8M | -82M | 326.1M | -62.3M | -1.5M |
| Capital Expenditures | -438.1M | -499.4M | -823.3M | -638.4M | -624.8M | -552.2M | -662.5M | -861.3M | -922.4M | -3.29B |
| CapEx / Revenue % | 25.17% | 25.41% | 42.17% | 34.41% | 27.95% | 25.12% | 24.85% | 33.22% | 37.25% | 133.01% |
| CapEx / D&A | 2.84x | 2.97x | 4.53x | 3.24x | 2.93x | 2.33x | 2.60x | 3.09x | 3.09x | 10.24x |
| CapEx Coverage (OCF/CapEx) | 0.66x | 0.91x | 0.55x | 0.74x | 0.40x | 0.10x | 0.66x | 1.06x | 0.63x | 0.18x |
| Cash from Investing | -433.5M | -531.7M | -838.3M | -631.6M | -622M | -546.7M | -695.5M | -1.03B | -916.4M | -3.31B |
| Acquisitions | 3.8M | -28.1M | -7.9M | 0 | 0 | 0 | -37M | -175.9M | 0 | -2.5B |
| Purchase of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sale of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing | 800K | -4.2M | -7.1M | 6.8M | 2.8M | 5.5M | 4M | 10M | 6M | 14.1M |
| Cash from Financing | 147.4M | 89.1M | 371.8M | 160M | 379.4M | 500.9M | 260.6M | 123.9M | 344.7M | 2.73B |
| Dividends Paid | -96.2M | -108.7M | -122.4M | -142.8M | -148M | -156.7M | -165.5M | -181.9M | -197M | -195.7M |
| Dividend Payout Ratio % | 59.53% | 50.75% | 64.46% | 144.47% | 49.02% | 64.27% | 69.29% | 66.6% | 67.06% | - |
| Debt Issuance (Net) | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 3M |
| Stock Issued | 146.9M | 154.7M | 19.5M | 41.1M | 1M | 51.9M | 41.9M | 287M | 76.2M | 1.3M |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -8.1M | -3.2M | -2.8M | -6.1M | -11.3M | -4M | -7.6M | -11.1M | -12.5M | 2.32B |
| Net Change in Cash | 2.2M▲ 0% | 14M▲ 536.4% | -15.6M▼ 211.4% | -1.7M▲ 89.1% | 7.2M▲ 523.5% | 9.2M▲ 27.8% | 5.3M▼ 42.4% | 9.1M▲ 71.7% | 6.3M▼ 30.8% | 35.4M▲ 0% |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -4.2M |
| Cash at Beginning | 5.2M | 7.4M | 21.4M | 5.8M | 4.1M | 11.3M | 20.5M | 25.8M | 34.9M | 39.9M |
| Cash at End | 7.4M | 21.4M | 5.8M | 4.1M | 11.3M | 20.5M | 25.8M | 34.9M | 41.2M | 85.6M |
| Free Cash Flow | -149.8M▲ 0% | -42.8M▲ 71.4% | -372.4M▼ 770.1% | -168.5M▲ 54.8% | -375M▼ 122.6% | -497.2M▼ 32.6% | -222.3M▲ 55.3% | 51.1M▲ 123.0% | -344.4M▼ 774.0% | -2.68B▲ 0% |
| FCF Growth % | 47.33% | 71.43% | -770.09% | 54.75% | -122.55% | -32.59% | 55.29% | 122.99% | -773.97% | -2051.05% |
| FCF Margin % | -8.61% | -2.18% | -19.07% | -9.08% | -16.77% | -22.62% | -8.34% | 1.97% | -13.91% | -108.13% |
| FCF / Net Income % | -92.7% | -19.98% | -201.73% | -190.18% | -138.02% | -225.18% | -102.21% | 20.37% | -126.76% | -746.83% |
SR Key Ratios
Spire Inc. (SR) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 8.6% | 10.07% | 7.68% | 3.49% | 10.46% | 8.03% | 7.54% | 8.14% | 8.2% | 10.44% |
| EBITDA Margin | 28.44% | 23.54% | 24.79% | 21.76% | 29.67% | 29.36% | 25.26% | 29.57% | 33.2% | 34.91% |
| Net Debt / EBITDA | 5.18x | 5.68x | 5.91x | 7.91x | 5.61x | 6.74x | 7.04x | 6.21x | 6.37x | 6.37x |
| Interest Coverage | 3.68x | 2.91x | 3.10x | 1.96x | 4.19x | 3.33x | 2.38x | 2.54x | 2.62x | - |
| CapEx / Revenue | 25.17% | 25.41% | 42.17% | 34.41% | 27.95% | 25.12% | 24.85% | 33.22% | 37.25% | 133.01% |
| Dividend Payout Ratio | 59.53% | 50.75% | 64.46% | 144.47% | 49.02% | 64.27% | 69.29% | 66.6% | 67.06% | 38.91% |
| Debt / Equity | 1.29x | 1.16x | 1.13x | 1.27x | 1.40x | 1.54x | 1.62x | 1.47x | 1.54x | 1.54x |
| EPS Growth | 5.52% | 26.16% | -18.89% | -59.09% | 244.44% | -20.36% | -2.53% | 8.83% | 4.3% | 40.15% |
SR SEC Filings & Documents
Spire Inc. (SR) SEC filings — annual & quarterly reports (10-K, 10-Q)
SR Frequently Asked Questions
Spire Inc. (SR) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Spire Inc. (SR) reported $2.47B in revenue for fiscal year 2025. This represents a 345% increase from $556.5M in 1996.
Spire Inc. (SR) saw revenue decline by 4.5% over the past year.
Yes, Spire Inc. (SR) is profitable, generating $358.3M in net income for fiscal year 2025 (11.0% net margin).
Dividend & Returns
Yes, Spire Inc. (SR) pays a dividend with a yield of 3.60%. This makes it attractive for income-focused investors.
Spire Inc. (SR) has a return on equity (ROE) of 8.2%. This is below average, suggesting room for improvement.
Spire Inc. (SR) had negative free cash flow of $2.68B in fiscal year 2025, likely due to heavy capital investments.
Industry Metrics
Spire Inc. (SR) has a dividend payout ratio of 67%. This suggests the dividend is well-covered and sustainable.
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