Last 47 quarters of trend data · Utilities · Gas Utilities
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 9.57 | 5.47 | 4.92 | 13.43 | — | 62.92 | 5.57 | 12.65 | — | — | 4.29 | 10.25 | — | — | 5.27 | 10.37 | — | — | 5.37 | 15.10 | — |
| — | -91.3% | -11.7% | +6.1% | — | — | +30.0% | +23.4% | — | — | -18.6% | -1.1% | — | — | -2.0% | -31.3% | — | — | +5.3% | +62.2% | — | |
| P/S Ratio | 2.07 | 2.75 | 1.31 | 1.61 | 3.60 | 2.56 | 1.09 | 1.47 | 3.30 | 2.12 | 0.76 | 1.10 | 2.39 | 1.99 | 0.82 | 1.11 | 2.61 | 2.17 | 1.06 | 1.52 | 2.72 |
| — | +7.4% | +20.7% | +9.4% | +8.9% | +20.8% | +43.2% | +32.9% | +38.1% | +6.3% | -7.4% | -0.7% | -8.3% | -8.2% | -22.3% | -26.7% | -4.3% | -24.0% | +22.3% | -5.8% | +0.0% | |
| P/B Ratio | 1.54 | 1.29 | 1.56 | 1.43 | 1.42 | 1.24 | 1.30 | 1.18 | 1.20 | 1.05 | 1.01 | 1.09 | 1.01 | 1.13 | 1.23 | 1.26 | 1.16 | 1.36 | 1.31 | 1.26 | 1.19 |
| — | +3.9% | +20.0% | +20.5% | +18.3% | +17.7% | +29.3% | +8.6% | +18.3% | -6.9% | -17.8% | -13.3% | -12.6% | -16.8% | -6.0% | -0.1% | -2.3% | -1.7% | -6.4% | -1.3% | +9.1% | |
| P/FCF | — | 1.60 | — | — | — | — | 7.43 | — | — | 18.29 | 6.56 | — | — | 17.10 | 4.67 | — | — | — | 3.65 | — | — |
| — | — | — | — | — | — | +13.2% | — | — | +7.0% | +40.7% | — | — | — | +27.7% | — | — | — | -95.5% | — | — | |
| EV / EBITDA | 12.52 | 25.01 | 8.55 | 10.04 | 33.04 | 15.87 | 6.13 | 9.97 | 23.76 | 19.58 | 5.39 | 9.81 | 31.13 | 25.70 | 6.35 | 9.72 | 20.98 | 19.87 | 6.22 | 12.23 | 20.40 |
| — | +57.5% | +39.5% | +0.8% | +39.0% | -18.9% | +13.8% | +1.6% | -23.7% | -23.8% | -15.2% | +0.9% | +48.4% | +29.3% | +2.2% | -20.5% | +2.9% | -5.0% | +7.1% | +35.7% | -30.5% | |
| EV / EBIT | 20.01 | 155.16 | 9.96 | 14.32 | 865.78 | 31.17 | 7.53 | 14.75 | 144.01 | 60.40 | 6.47 | 12.91 | 9634.94 | 107.14 | 7.67 | 13.22 | 65.32 | 75.72 | 7.82 | 18.13 | 94.59 |
| — | +397.8% | +32.3% | -2.9% | +501.2% | -48.4% | +16.3% | +14.3% | -98.5% | -43.6% | -15.6% | -2.3% | +14650.2% | +41.5% | -1.9% | -27.1% | -30.9% | +35.0% | +13.0% | +50.2% | -93.6% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 78.1% | 5.6% | 37.9% | 29.9% | 57.3% | 44.6% | 43.5% | 40.3% | 43.2% | 35.4% | 39.9% | 34.2% | 31.3% | 29.4% | 36.0% | 32.3% | 37.3% | 31.8% | 42.6% | 34.2% | 40.6% |
| — | -87.5% | -12.8% | -25.8% | +32.5% | +26.0% | +9.0% | +17.8% | +38.0% | +20.2% | +10.6% | +6.0% | -16.0% | -7.4% | -15.5% | -5.6% | -8.3% | -12.4% | +28.5% | -20.3% | +22.9% | |
| Operating Margin | 21.2% | 5.6% | 29.8% | 22.8% | -0.1% | 16.4% | 29.1% | 22.2% | 6.7% | 7.4% | 26.5% | 18.4% | -1.3% | 2.9% | 23.2% | 18.5% | 9.5% | 8.5% | 27.8% | 17.2% | 9.2% |
| — | -66.0% | +2.1% | +2.4% | -102.2% | +121.2% | +10.1% | +20.9% | +636.4% | +158.6% | +14.2% | -0.3% | -113.2% | -66.1% | -16.8% | +7.5% | +3.1% | -16.5% | +19.5% | -33.8% | +23075.3% | |
| Net Margin | 11.0% | 50.2% | 27.7% | 12.5% | -11.9% | 5.0% | 19.9% | 12.2% | -8.8% | -3.0% | 18.1% | 11.2% | -10.0% | -5.2% | 16.0% | 11.2% | -2.3% | -0.3% | 19.7% | 10.0% | -3.4% |
| — | +913.2% | +39.0% | +2.6% | -35.1% | +262.8% | +10.0% | +8.0% | +12.0% | +41.0% | +13.5% | +0.6% | -343.4% | -1551.6% | -19.1% | +11.5% | +33.8% | -119.3% | +16.2% | -42.2% | +56.4% |
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 8.2% | 6.0% | 8.2% | 2.8% | -1.2% | 0.6% | 6.1% | 2.5% | -0.8% | -0.4% | 6.3% | 2.8% | -1.1% | -0.7% | 6.1% | 3.2% | -0.2% | -0.0% | 6.3% | 2.1% | -0.4% |
| — | +906.5% | +34.2% | +12.2% | -46.8% | +259.7% | -3.0% | -12.6% | +25.5% | +48.4% | +3.8% | -11.0% | -323.7% | -1380.4% | -3.0% | +53.0% | +32.3% | -125.2% | -10.7% | -40.0% | +52.4% | |
| ROA | 2.4% | 1.5% | 2.1% | 0.8% | -0.3% | 0.2% | 1.9% | 0.7% | -0.2% | -0.1% | 1.9% | 0.8% | -0.3% | -0.2% | 1.8% | 0.9% | -0.1% | -0.0% | 1.8% | 0.6% | -0.1% |
| — | +697.9% | +14.9% | +10.3% | -44.3% | +256.3% | -3.3% | -9.6% | +21.4% | +45.3% | +8.8% | -8.9% | -327.4% | -1373.3% | -3.5% | +52.1% | +34.1% | -124.5% | -15.1% | -44.8% | +55.8% | |
| ROIC | 4.7% | 0.2% | 2.3% | 1.5% | -0.0% | 0.6% | 2.8% | 1.4% | 0.2% | 0.3% | 2.9% | 1.3% | -0.0% | 0.1% | 2.6% | 1.5% | 0.3% | 0.4% | 2.7% | 1.1% | 0.3% |
| — | -74.6% | -19.0% | +8.5% | -102.3% | +113.1% | -2.1% | +2.2% | +585.0% | +143.8% | +9.8% | -12.0% | -112.1% | -71.5% | -5.1% | +41.0% | +0.5% | +4.0% | -14.9% | -36.6% | +24384.6% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.54 | 2.02 | 2.32 | 1.56 | 1.54 | 1.41 | 1.36 | 1.48 | 1.47 | 1.35 | 1.33 | 1.55 | 1.62 | 1.53 | 1.50 | 1.61 | 1.54 | 1.38 | 1.35 | 1.52 | 1.40 |
| — | +43.9% | +71.4% | +5.5% | +5.0% | +4.1% | +2.1% | -4.8% | -9.1% | -11.8% | -11.7% | -3.8% | +5.1% | +11.0% | +11.6% | +5.7% | +10.2% | +6.4% | +6.8% | +18.8% | +10.4% | |
| Debt / EBITDA | 6.37 | 61.26 | 20.50 | 20.99 | 68.94 | 33.82 | 12.51 | 22.15 | 52.39 | 44.08 | 12.28 | 23.05 | 76.63 | 59.21 | 14.00 | 21.86 | 47.94 | 40.17 | 12.65 | 26.83 | 44.16 |
| — | +81.1% | +63.9% | -5.3% | +31.6% | -23.3% | +1.9% | -3.9% | -31.6% | -25.6% | -12.2% | +5.5% | +59.8% | +47.4% | +10.7% | -18.6% | +8.6% | -1.3% | +13.0% | +48.3% | -30.1% | |
| Current Ratio | 0.32 | 0.37 | 0.55 | 0.61 | 0.32 | 0.37 | 0.43 | 0.50 | 0.45 | 0.48 | 0.61 | 0.55 | 0.61 | 0.56 | 0.79 | 0.68 | 0.68 | 0.72 | 0.78 | 0.83 | 0.82 |
| — | -0.9% | +27.0% | +22.2% | -30.0% | -22.6% | -29.5% | -10.1% | -26.2% | -14.2% | -22.9% | -18.6% | -9.3% | -21.9% | +1.2% | -18.8% | -17.4% | +3.6% | +13.1% | +67.6% | +100.9% | |
| Quick Ratio | 0.21 | 0.27 | 0.48 | 0.45 | 0.21 | 0.27 | 0.34 | 0.37 | 0.30 | 0.35 | 0.48 | 0.43 | 0.45 | 0.40 | 0.64 | 0.52 | 0.50 | 0.55 | 0.66 | 0.64 | 0.63 |
| — | +2.2% | +40.1% | +21.5% | -30.8% | -23.6% | -28.0% | -12.3% | -34.4% | -13.7% | -25.7% | -18.4% | -8.6% | -26.4% | -2.3% | -18.9% | -21.0% | +4.0% | +15.7% | +70.4% | +128.4% | |
| Interest Coverage | 2.62 | 0.22 | 5.32 | 2.96 | 0.05 | 1.48 | 6.53 | 3.11 | 0.30 | 0.68 | 5.86 | 3.10 | 0.00 | 0.39 | 5.66 | 3.58 | 0.85 | 0.88 | 8.79 | 3.59 | 0.65 |
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Includes 30+ ratios · 47 years · Updated daily
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Quick answers to the most common questions about buying SR stock.
Spire Inc.'s current P/E is 9.6x. The average P/E over the last 3 quarters is 7.9x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Spire Inc.'s current operating margin is 21.2%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Spire Inc.'s business trajectory between earnings reports.