Spire Inc (SR)
Spire 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 through three segments: Gas Utility, Gas Marketing, and Midstream. It is also involved in the marketing of natural gas and related services; and transportation and storage of natural gas. In addition, the company engages in the operation of propane through its propane pipeline, risk management, and other activities. Spire Inc. 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 Saint Louis, Missouri.
- Symbol
- SR
- Exchange
- NYSE
- Sector
- Utilities
- Industry
- Utilities - Regulated Gas
- Market cap
- $4.64B
- 52 week range
- 75.85 - 95.31
Valuation
- Share price
- $77.20 (close of 2026-09-23)
- P/E (TTM)
- 13.80x
- Price to book
- 1.36x
- Price to free cash flow
- -20.84x
- Enterprise value
- $12.54B
- Book value per share
- $57.83
Price performance
| Period | Change |
|---|
| 1 day | -3.21% |
| 5 days | -3.76% |
| 1 month | -4.60% |
| 3 months | -1.52% |
| 6 months | -14.62% |
| Year to date | -6.65% |
| 1 year | -1.48% |
| 3 years | +32.26% |
| 5 years | +26.66% |
| 10 years | +17.58% |
| All time | +1296.02% |
Profitability and growth
- Return on equity
- 8.02%
- Return on invested capital
- 5.42%
- Return on assets
- 2.35%
- Return on capital employed
- 5.80%
- Gross margin
- 58.76%
- Net margin
- 10.97%
- EBITDA margin
- 33.20%
- Revenue growth
- -4.50%
- Net income growth
- 8.29%
- Free cash flow growth
- -773.97%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- -4.80%
- Current ratio
- 0.55x
- Net debt to EBITDA
- 9.16x
Latest reported year
- Period end
- 2025-09-30
- Fiscal year
- 2025
- Revenue
- $2.48B
- Cost of revenue
- $1.02B
- Gross profit
- $1.46B
- EBITDA
- $822.10M
- Net income
- $271.70M
- Earnings per share
- $4.39
- Interest expense
- $204.10M
- Shares outstanding
- 58.50M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2025-09-30 | $2.48B | $1.46B | $271.70M | $4.39 |
| 2024-09-30 | $2.59B | $1.36B | $250.90M | $4.20 |
| 2023-09-30 | $2.67B | $1.27B | $217.50M | $3.86 |
| 2022-09-30 | $2.20B | $408.20M | $220.80M | $3.96 |
| 2021-09-30 | $2.24B | $450.20M | $271.70M | $4.97 |
| 2020-09-30 | $1.86B | $206.40M | $88.60M | $1.44 |
| 2019-09-30 | $1.95B | $302.30M | $184.60M | $3.53 |
| 2018-09-30 | - | - | $214.20M | $4.35 |
| 2017-09-30 | - | - | $161.60M | $3.44 |
| 2016-09-30 | - | - | $144.20M | $3.26 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2025-09-30 | 58.76% | 10.97% | 8.02% | 5.42% |
| 2024-09-30 | 52.51% | 9.68% | 7.76% | 5.42% |
| 2023-09-30 | 47.77% | 8.16% | 7.46% | 5.01% |
| 2022-09-30 | 18.57% | 10.04% | 7.83% | 4.93% |
| 2021-09-30 | 20.14% | 12.15% | 10.22% | 6.69% |
| 2020-09-30 | 11.12% | 4.78% | 3.51% | 3.83% |
| 2019-09-30 | 15.48% | 9.46% | 7.26% | 5.75% |
| 2018-09-30 | - | - | 9.50% | 6.80% |
| 2017-09-30 | - | - | 8.12% | 5.91% |
| 2016-09-30 | - | - | 8.16% | 5.34% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2025-09-30 | $5.70M | $3.37B |
| 2024-09-30 | $4.50M | $3.70B |
| 2023-09-30 | $5.60M | $3.55B |
| 2022-09-30 | $6.50M | $2.96B |
| 2021-09-30 | $4.30M | $2.94B |
| 2020-09-30 | $4.10M | $2.42B |
| 2019-09-30 | $5.80M | $2.08B |
| 2018-09-30 | $4.40M | $1.90B |
| 2017-09-30 | $7.40M | $2.00B |
| 2016-09-30 | $5.20M | $1.82B |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-09-30 | $-344.40M | $6.70M |
| 2024-09-30 | $51.10M | $5.80M |
| 2023-09-30 | $-222.30M | $9.80M |
| 2022-09-30 | $-497.20M | $6.40M |
| 2021-09-30 | $-375.00M | $13.90M |
| 2020-09-30 | $-168.50M | $8.80M |
| 2019-09-30 | $-372.40M | $7.20M |
| 2018-09-30 | $-42.80M | $12.50M |
| 2017-09-30 | $-149.80M | $4.10M |
| 2016-09-30 | $35.00M | $4.50M |
Dividend history
- Most recent payment
- 2026-09-11
- Paid in the last twelve months
- $3.30
| Payment date | Dividend per share |
|---|
| 2026-09-11 | $0.82 |
| 2026-06-11 | $0.82 |
| 2026-03-11 | $0.82 |
| 2025-12-11 | $0.82 |
| 2025-09-11 | $0.79 |
| 2025-06-11 | $0.79 |
| 2025-03-11 | $0.79 |
| 2024-12-11 | $0.79 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-11-13
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-08-05 | Jun/2026 | - |
| 2026-05-06 | - | - |
| 2026-02-03 | - | - |
| 2025-11-14 | - | - |
| 2025-08-05 | - | - |
| 2025-04-30 | - | - |
| 2025-02-05 | - | - |
| 2024-11-20 | - | - |
Filings and sources
- Company website
- spireenergy.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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