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Apr 30, 2026·SEC
Apr 22, 2026·SEC
Spire Inc. (SR) fundamental analysis — strengths, weaknesses & financial health based on data analysis
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Spire Inc. (SR) stock price & volume — 10-year historical chart
Spire Inc. (SR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Spire Inc. (SR) EPS & revenue vs analyst estimates — last 4 quarters
| 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% |
Spire Inc. (SR) competitors in Regulated Gas Distribution Utilities — business model, growth, and fundamentals comparison
Spire Inc. (SR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Spire Inc. (SR) annual income statement — 10-year revenue, gross profit & net income history
| Metric | 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 | 2.54B |
Revenue Growth % | 13.23% | 12.89% | -0.64% | -4.97% | 20.49% | -1.66% | 21.28% | -2.75% | -4.5% | 4.53% |
Cost of Revenue | 1.11B | 1.35B | 1.31B | 1.15B | 1.41B | 1.37B | 1.78B | 1.61B | 542.1M | 1.54B |
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% | 994.2M▲ 0% |
Gross Margin % | 36.32% | 31.35% | 32.68% | 37.77% | 36.83% | 37.53% | 33.3% | 37.88% | 78.11% | 39.17% |
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 | 448.5M |
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% | 34.03% |
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% | 12.53% |
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% | 21.5% |
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 | 4M |
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% | 0.16% |
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% | 14.05% |
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% | 14.12% |
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 |
Spire Inc. (SR) balance sheet — assets, liabilities & shareholders' equity
| Metric | 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 | 0.64x |
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 | 2.48x |
Book Value per Share | 42.37 | 45.91 | 50.13 | 49.23 | 51.61 | 54.35 | 55.78 | 57.42 | 57.84 | 57.73 |
Spire Inc. (SR) cash flow — operating, investing & free cash flow history
| Metric | 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 | 615.6M |
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% | 24.25% |
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 | 318.1M |
Deferred Taxes | 77M | -28.7M | 31.8M | 9M | 67M | 57.9M | 36.9M | 57M | 57.3M | 82.1M |
Other Non-Cash Items | 4.2M | 44.2M | -11.2M | -600K | 3.4M | 2.4M | 3.2M | 0 | 13.1M | 75.1M |
Working Capital Changes | -108.6M | 58.5M | 56.8M | 166.8M | -319.3M | -469.8M | -82M | 326.1M | -62.3M | -153M |
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% | 129.68% |
CapEx / D&A | 2.84x | 2.97x | 4.53x | 3.24x | 2.93x | 2.33x | 2.60x | 3.09x | 3.09x | 10.35x |
CapEx Coverage (OCF/CapEx) | 0.66x | 0.91x | 0.55x | 0.74x | 0.40x | 0.10x | 0.66x | 1.06x | 0.63x | 0.19x |
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 | -2.47B |
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 | -15.9M |
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 | -203.1M |
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 | 4M |
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 | -250M |
Other Financing | -8.1M | -3.2M | -2.8M | -6.1M | -11.3M | -4M | -7.6M | -11.1M | -12.5M | -26.1M |
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% | 35.1M▲ 0% |
Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -4.5M |
Cash at Beginning | 5.2M | 7.4M | 21.4M | 5.8M | 4.1M | 11.3M | 20.5M | 25.8M | 34.9M | 4.1M |
Cash at End | 7.4M | 21.4M | 5.8M | 4.1M | 11.3M | 20.5M | 25.8M | 34.9M | 41.2M | 49.5M |
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% | -105.43% |
FCF / Net Income % | -92.7% | -19.98% | -201.73% | -190.18% | -138.02% | -225.18% | -102.21% | 20.37% | -126.76% | -746.83% |
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% | 34.03% |
Net Debt / EBITDA | 5.18x | 5.68x | 5.91x | 7.91x | 5.61x | 6.74x | 7.04x | 6.21x | 6.37x | 2.48x |
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% | 129.68% |
Dividend Payout Ratio | 59.53% | 50.75% | 64.46% | 144.47% | 49.02% | 64.27% | 69.29% | 66.6% | 67.06% | 52.55% |
Debt / Equity | 1.29x | 1.16x | 1.13x | 1.27x | 1.40x | 1.54x | 1.62x | 1.47x | 1.54x | 0.64x |
EPS Growth | 5.52% | 26.16% | -18.89% | -59.09% | 244.44% | -20.36% | -2.53% | 8.83% | 4.3% | 40.15% |
Spire Inc. (SR) SEC filings — annual & quarterly reports (10-K, 10-Q)
May 6, 2026·SEC
Apr 30, 2026·SEC
Apr 22, 2026·SEC
Spire Inc. (SR) stock FAQ — growth, dividends, profitability & financials explained
Spire Inc. (SR) reported $2.54B in revenue for fiscal year 2025. This represents a 356% 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).
Yes, Spire Inc. (SR) pays a dividend with a yield of 4.03%. 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.
Spire Inc. (SR) has a dividend payout ratio of 67%. This suggests the dividend is well-covered and sustainable.