A Business at a Glance
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Spire Inc. (“Spire” or the “Company”) was formed in 2000 and is the holding company for Spire Missouri Inc. (“Spire Missouri”), Spire Alabama Inc. (“Spire Alabama”), other gas utilities, and gas-related businesses. Spire Missouri was formed in 1857, and Spire Alabama was formed in 1948 by the merger of two gas companies. Spire is committed to transforming its business and pursuing growth through growing organically, investing in infrastructure, and advancing through innovation. The Company has three reportable business segments: Gas Utility, Gas Marketing and Midstream, which are further described below. The Gas Utility segment includes the regulated operations of Spire Missouri, Spire Alabama, Spire Gulf Inc. (“Spire Gulf”) and Spire Mississippi Inc. (“Spire Mississippi”) (collectively, the “Utilities”).
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 2.6B | 2.5B | 2.6B | 2.7B | 2.2B | 2.2B |
| Net Income | 270M | 257M | 236M | 202M | 206M | 257M |
| EPS | $4.58 | $4.37 | $4.19 | $3.85 | $3.95 | $4.96 |
| Free Cash Flow | -287M | -344M | 51M | -222M | -497M | -375M |
| ROIC | 5.1% | 5.2% | 5.5% | 5.7% | 5.5% | 6.8% |
| Gross Margin | - | 58.8% | 52.5% | 47.8% | 29.0% | 34.4% |
| Debt/Equity | 1.56 | 1.53 | 1.45 | 1.27 | 1.15 | 1.13 |
| Dividends/Share | $3.13 | $3.14 | $3.02 | $2.88 | $2.74 | $2.60 |
| Operating Income | 549M | 524M | 488M | 419M | 408M | 450M |
| Operating Margin | 21.4% | 21.2% | 18.8% | 15.7% | 18.6% | 20.1% |
| ROE | 7.9% | 7.7% | 7.7% | 7.1% | 7.5% | 9.9% |
| Shares Outstanding | 59M | 59M | 56M | 53M | 52M | 52M |
SPIRE INC passes 3 of 9 quality checks, indicating weak fundamentals.
SPIRE INC trades at 20.2x trailing earnings, compared to its 15-year median P/E of 14.8x, suggesting it is currently Expensive relative to its historical range. The company's 5-year average ROIC is 5.8% with a gross margin of 44.5%. Total shareholder yield (dividends) is 3.4%. At current prices, the estimated annualized return to fair value is +3.1%.
SPIRE INC (SR) has a current P/E ratio of 20.2, compared to its historical median P/E of 14.8. The stock is currently considered Expensive based on its historical valuation range.
SPIRE INC (SR) has a 5-year average return on invested capital (ROIC) of 5.8%. This is below average and may indicate limited pricing power.
SPIRE INC (SR) has a market capitalization of $5.5B. It is classified as a mid-cap stock.
Yes, SPIRE INC (SR) pays a dividend with a trailing twelve-month yield of 3.38%.
Based on historical P/E analysis, SPIRE INC (SR) appears expensive. The current P/E of 20.2 is 36% above its historical median of 14.8. The estimated fair value CAGR (P/E method) is 6.8%.
SPIRE INC (SR) operates in the Natural Gas Distribution industry, within the Utilities sector.
SPIRE INC (SR) reported annual revenue of $2.5 billion in its most recent fiscal year, based on SEC EDGAR filings.
SPIRE INC (SR) has a net profit margin of 10.4%. This is a healthy margin.
SPIRE INC (SR) generated $-344 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
SPIRE INC (SR) has a debt-to-equity ratio of 1.53. This indicates higher leverage, which may increase financial risk.
SPIRE INC (SR) reported earnings per share (EPS) of $4.37 in its most recent fiscal year.
SPIRE INC (SR) has a return on equity (ROE) of 7.7%. This indicates moderate shareholder returns.
SPIRE INC (SR) has a 5-year average gross margin of 44.5%. This indicates decent pricing power.
The Ledger Terminal provides 18 years of financial data for SPIRE INC (SR), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
SPIRE INC (SR) has a book value per share of $57.72, based on its most recent annual SEC filing.