SR · Spire Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $2.48B | $2.59B | $2.67B | $2.20B | $1.86B | - |
| Cost of Revenue | $1.23B | - | - | - | - | - |
| Gross Profit | $1.24B | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - |
| Total Operating Expenses | $1.95B | $2.10B | $2.25B | $1.65B | $1.79B | $1.65B |
| D&A | $298.20M | $278.40M | $254.80M | $197.30M | - | - |
| Operating Income | $523.90M | $488.30M | $418.60M | $408.20M | $450.20M | $206.40M |
| Interest Expense | $204.10M | $201.10M | $185.70M | $119.80M | $106.60M | $105.50M |
| Income Tax | $59.70M | $58.70M | $38.80M | $58.90M | $68.50M | $12.40M |
| Net Income | $271.70M | $250.90M | $217.50M | $220.80M | $271.70M | $88.60M |
| EPS - Basic | $4.39 | $4.20 | $3.86 | $3.96 | $4.97 | $1.44 |
| EPS - Diluted | $4.37 | $4.19 | $3.85 | $3.95 | $4.96 | $1.44 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $5.70M | $4.50M | $5.60M | $6.50M | $4.30M | $4.10M |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | $248.30M | $237.20M | $253.10M | $617.40M | $409.90M | $243.30M |
| Current Assets | $807.70M | $771.30M | $1.08B | $1.59B | $1.32B | $590.60M |
| Total Assets | $11.58B | $10.86B | $10.31B | $10.08B | $9.36B | $8.24B |
| Current Liabilities | $2.55B | $1.70B | $1.76B | $2.35B | $1.61B | $1.45B |
| Long-term Debt | $3.37B | $3.70B | $3.55B | $2.96B | $2.94B | $2.42B |
| Total Liabilities | - | - | - | - | - | - |
| Stockholders' Equity | $3.39B | $3.23B | $2.92B | $2.82B | $2.66B | $2.52B |
| Retained Earnings | $1.09B | $1.02B | $958.00M | $905.50M | $843.00M | $720.70M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $578.00M | $912.40M | $440.20M | $55.00M | $249.80M | $469.90M |
| Investing Cash Flow | ($916.40M) | ($1.03B) | ($695.50M) | ($546.70M) | ($622.00M) | ($631.60M) |
| Financing Cash Flow | $344.70M | $123.90M | $260.60M | $500.90M | $379.40M | $160.00M |
| CapEx | $922.40M | $861.30M | $662.50M | $552.20M | $624.80M | $638.40M |
| Free Cash Flow | ($344.40M) | $51.10M | ($222.30M) | ($497.20M) | ($375.00M) | ($168.50M) |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 50.3% | - | - | - | - | - |
| Operating margin | 21.2% | 18.8% | 15.7% | 18.6% | 24.3% | - |
| EBITDA margin | 33.2% | 29.6% | 25.3% | 27.5% | - | - |
| Net margin | 11.0% | 9.7% | 8.2% | 10.0% | 14.6% | - |
| Free cash flow margin | -13.9% | 2.0% | -8.3% | -22.6% | -20.2% | - |
| FCF / Net income | -1.27 | 0.20 | -1.02 | -2.25 | -1.38 | -1.90 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - |
| Effective tax rate | 18.0% | 19.0% | 15.1% | 21.1% | 20.1% | 12.3% |
| Return on assets | 2.3% | 2.3% | 2.1% | 2.2% | 2.9% | 1.1% |
| Return on equity | 8.0% | 7.8% | 7.5% | 7.8% | 10.2% | 3.5% |
| Return on invested capital | 6.4% | 5.7% | 5.5% | 5.6% | 6.4% | 3.7% |
| Liquidity | ||||||
| Current ratio | 0.32 | 0.45 | 0.61 | 0.68 | 0.82 | 0.41 |
| Quick ratio | 0.32 | 0.45 | 0.61 | 0.68 | 0.82 | 0.41 |
| Cash ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Leverage | ||||||
| Debt / Equity | 0.99 | 1.15 | 1.22 | 1.05 | 1.11 | 0.96 |
| Debt / Assets | 0.29 | 0.34 | 0.34 | 0.29 | 0.31 | 0.29 |
| Debt / EBITDA | 4.10 | 4.83 | 5.28 | 4.89 | - | - |
| Interest coverage | 2.6x | 2.4x | 2.3x | 3.4x | 4.2x | 2.0x |
| Equity multiplier | 3.42 | 3.36 | 3.54 | 3.58 | 3.52 | 3.27 |
| Liabilities / Assets | - | - | - | - | - | - |
| Efficiency | ||||||
| Asset turnover | 0.21 | 0.24 | 0.26 | 0.22 | 0.20 | - |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | 74d | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 18.7x | 16.1x | 14.7x | 15.8x | 12.3x | 36.9x |
| P / B | 0.0x | 1.2x | 1.0x | 1.2x | 1.2x | 1.1x |
| P / S | 0.0x | 1.5x | 1.1x | 1.5x | 1.7x | - |
| EV / EBITDA | 4.1x | 9.8x | 9.7x | 10.2x | - | - |
| Growth | ||||||
| Revenue growth (YoY) | -4.5% | -2.7% | 21.3% | 18.5% | - | - |
| Revenue CAGR (3y) | 4.0% | 11.8% | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | 7.3% | 16.7% | 2.5% | -9.3% | 118.1% | -31.7% |
| Net income growth (YoY) | 8.3% | 15.4% | -1.5% | -18.7% | 206.7% | -52.0% |
| EPS growth (YoY) | 4.3% | 8.8% | -2.5% | -20.4% | 244.4% | -59.1% |
| EPS CAGR (3y) | 3.4% | -5.5% | 38.8% | 3.9% | 4.6% | -25.1% |
| EPS CAGR (5y) | 24.9% | 3.5% | -2.3% | 2.9% | 8.9% | -14.5% |
| FCF growth (YoY) | - | - | 55.3% | -32.6% | -122.6% | 54.8% |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | 4.8% | 10.8% | 3.5% | 6.0% | 5.4% | -0.8% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-09-30.
Business segments
$2.48B totalGas Utility$2.21B · 89.1%
Gas Marketing$157.20M · 6.3%
Midstream$109.20M · 4.4%
All Other Segments$2.50M · 0.1%
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
6/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✓Long-term debt decreased
- ✗Current ratio improved
- ✓No share dilution
- -Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Natural Gas Distribution
Comparing SPIRE INC against the 5 most active filers in the same SIC group.
Dividends
$3.22/share trailing 12 months · +4.5% YoY
| Ex-date | Per share |
|---|---|
| Mar 11, 2026 | $0.8250 |
| Dec 11, 2025 | $0.8250 |
| Sep 11, 2025 | $0.7850 |
| Jun 11, 2025 | $0.7850 |
| Mar 11, 2025 | $0.7850 |
| Dec 11, 2024 | $0.7850 |
| Sep 11, 2024 | $0.7550 |
| Jun 11, 2024 | $0.7550 |
| Mar 8, 2024 | $0.7550 |
| Dec 8, 2023 | $0.7550 |
| Sep 8, 2023 | $0.7200 |
| Jun 9, 2023 | $0.7200 |
| Mar 9, 2023 | $0.7200 |
| Dec 9, 2022 | $0.7200 |
| Sep 9, 2022 | $0.6850 |
| Jun 9, 2022 | $0.6850 |
| Mar 10, 2022 | $0.6850 |
| Dec 9, 2021 | $0.6850 |
| Sep 9, 2021 | $0.6500 |
| Jun 10, 2021 | $0.6500 |
| Mar 10, 2021 | $0.6500 |
| Dec 10, 2020 | $0.6500 |
| Sep 10, 2020 | $0.6230 |
| Jun 10, 2020 | $0.6230 |