NYSE : SR
Spire Inc. — Financial statements
Utilities · Utilities - Regulated Gas · United States
Last price 88 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 5.20B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Spire Inc. (SR) reported revenue of 2.67B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 2.67B | 2.48B | 2.59B | 2.67B | 2.20B | 2.24B |
| Fuel & Purchased Power | 912.30M | 905.50M | 1.10B | 1.26B | 923.90M | 946.30M |
| Operations & Maintenance | 582.90M | 542.10M | 507.40M | 517.60M | 449.60M | 465.80M |
| Depreciation & Amortization | 339.50M | 298.20M | 278.40M | 254.80M | 237.30M | 213.10M |
| Other Operating Expenses | 211.30M | 191.10M | 206.80M | 206.20M | 165.10M | 150.30M |
| Total Operating Expenses | 2.05B | 1.94B | 2.10B | 2.24B | 1.78B | 1.78B |
| Operating Income | 622.40M | 539.50M | 497.10M | 426.90M | 422.60M | 460.00M |
| Interest Expense | -270.90M | -204.10M | -201.10M | -185.70M | -119.80M | -106.60M |
| Net Interest Expense | -270.90M | -204.10M | -201.10M | -185.70M | -119.80M | -106.60M |
| Other Non-Operating Income (Expenses) | 1.10M | -3.60M | 35.20M | 24.80M | 10.50M | 5.00M |
| EBT Excluding Unusual Items | 352.60M | 331.80M | 331.20M | 266.00M | 313.30M | 358.40M |
| Asset Writedown | -1.50M | |||||
| Other Unusual Items | -400.00K | -400.00K | -21.60M | -9.70M | -33.60M | -18.20M |
| Pretax Income | 349.30M | 331.40M | 309.60M | 256.30M | 279.70M | 340.20M |
| Income Tax Expense | 62.90M | 59.70M | 58.70M | 38.80M | 58.90M | 68.50M |
| Net Income | 548.60M | 271.70M | 250.90M | 217.50M | 220.80M | 271.70M |
| Preferred Dividends & Other Adjustments | 17.60M | 15.10M | 15.10M | 15.10M | 15.10M | 15.20M |
| Net Income to Common | 531.00M | 256.60M | 235.80M | 202.40M | 205.70M | 256.50M |
| Shares Outstanding (Basic) | 59.02M | 58.50M | 56.10M | 52.50M | 52.00M | 51.60M |
| Shares Outstanding (Diluted) | 59.23M | 58.70M | 56.30M | 52.60M | 52.10M | 51.70M |
| EPS (Basic) | 9.00 | 4.39 | 4.20 | 3.86 | 3.96 | 4.97 |
| EPS (Diluted) | 8.97 | 4.37 | 4.19 | 3.85 | 3.95 | 4.96 |
| Free Cash Flow | -222.40M | -344.40M | 51.10M | -222.30M | -497.20M | -375.00M |
| Free Cash Flow Per Share | -3.75 | -5.87 | 0.91 | -4.23 | -9.54 | -7.25 |
| Dividend Per Share | 3.26 | 3.14 | 3.02 | 2.88 | 2.74 | 2.60 |
| Profit Margin | 19.90% | 10.36% | 9.09% | 7.59% | 9.36% | 11.47% |
| Free Cash Flow Margin | -8.33% | -13.91% | 1.97% | -8.34% | -22.61% | -16.78% |
| EBITDA | 963.10M | 837.70M | 775.50M | 681.70M | 659.90M | 673.10M |
| EBITDA Margin | 36.09% | 33.83% | 29.91% | 25.57% | 30.02% | 30.11% |
| D&A For EBITDA | 340.70M | 298.20M | 278.40M | 254.80M | 237.30M | 213.10M |
| EBIT | 622.40M | 539.50M | 497.10M | 426.90M | 422.60M | 460.00M |
| EBIT Margin | 23.33% | 21.79% | 19.17% | 16.01% | 19.22% | 20.58% |
| Effective Tax Rate | 18.01% | 18.01% | 18.96% | 15.14% | 21.06% | 20.14% |
Balance sheet
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 20.70M | 5.70M | 4.50M | 5.60M | 6.50M | 4.30M |
| Accounts Receivable | 227.90M | 176.70M | 176.90M | 181.90M | 200.20M | 317.30M |
| Other Receivables | 47.10M | 152.70M | 112.50M | 128.60M | 394.00M | 247.40M |
| Inventory | 209.70M | 282.50M | 263.90M | 279.50M | 422.30M | 305.00M |
| Prepaid Expenses | 63.60M | 47.80M | 47.60M | 48.20M | 41.10M | 29.00M |
| Other Current Assets | 220.90M | 142.30M | 165.90M | 433.10M | 527.90M | 413.50M |
| Total Current Assets | 789.90M | 807.70M | 771.30M | 1.08B | 1.59B | 1.32B |
| Property, Plant & Equipment | 9.48B | 7.82B | 7.26B | 6.48B | 5.94B | 5.59B |
| Regulatory Assets | 1.40B | 1.32B | 1.25B | 1.25B | 1.11B | 993.50M |
| Goodwill | 1.90B | 1.17B | 1.17B | 1.17B | 1.17B | 1.17B |
| Long-Term Investments | 93.50M | 92.50M | 84.90M | 82.40M | 87.80M | 83.10M |
| Other Long-Term Assets | 439.70M | 357.10M | 319.40M | 255.50M | 184.40M | 204.50M |
| Total Assets | 14.09B | 11.58B | 10.86B | 10.31B | 10.08B | 9.36B |
| Accounts Payable | 194.40M | 248.30M | 237.20M | 253.10M | 617.40M | 409.90M |
| Accrued Expenses | 41.40M | 54.10M | 51.50M | 47.00M | 50.20M | 65.30M |
| Short-Term Debt | 1.26B | 1.32B | 947.00M | 955.50M | 1.04B | 672.00M |
| Current Portion of Long-Term Debt | 238.10M | 487.50M | 42.00M | 156.60M | 281.20M | 55.80M |
| Current Unearned Revenue | 17.00M | 58.10M | 48.40M | 20.90M | 18.70M | 32.10M |
| Current Portion of Leases | 6.10M | 6.60M | 6.80M | 6.50M | 6.50M | |
| Current Income Taxes Payable | 100.90M | 109.10M | 105.20M | 104.10M | 90.10M | 78.80M |
| Other Current Liabilities | 277.20M | 268.40M | 266.00M | 211.40M | 252.00M | 287.90M |
| Total Current Liabilities | 2.13B | 2.55B | 1.70B | 1.76B | 2.35B | 1.61B |
| Long-Term Debt | 5.76B | 3.37B | 3.70B | 3.55B | 2.96B | 2.94B |
| Long-Term Leases | 59.10M | 62.70M | 70.20M | 73.70M | 53.70M | |
| Pension & Post-Retirement Benefits | 347.80M | 374.80M | 379.60M | 322.50M | 335.60M | 395.20M |
| Long-Term Deferred Tax Liabilities | 1.18B | 987.70M | 922.60M | 871.70M | 820.40M | 739.80M |
| Other Long-Term Liabilities | 1.09B | 846.30M | 854.80M | 822.50M | 723.40M | 962.10M |
| Total Liabilities | 10.51B | 8.19B | 7.63B | 7.40B | 7.27B | 6.70B |
| Preferred Stock, Redeemable | 242.00M | 242.00M | 242.00M | 242.00M | 242.00M | |
| Common Stock | 59.10M | 59.00M | 57.70M | 53.20M | 52.50M | 51.70M |
| Additional Paid-In Capital | 1.98B | 1.98B | 1.90B | 1.62B | 1.57B | 1.52B |
| Retained Earnings | 1.52B | 1.09B | 1.02B | 958.00M | 905.50M | 843.00M |
| Comprehensive Income & Other | 23.10M | 19.40M | 12.10M | 47.60M | 47.20M | 3.60M |
| Total Common Equity | 3.58B | 3.15B | 2.99B | 2.68B | 2.58B | 2.42B |
| Shareholders' Equity | 3.58B | 3.39B | 3.23B | 2.92B | 2.82B | 2.66B |
| Total Liabilities & Equity | 14.09B | 11.58B | 10.86B | 10.31B | 10.08B | 9.36B |
| Total Debt | 7.26B | 5.24B | 4.76B | 4.74B | 4.36B | 3.73B |
| Net Cash (Debt) | -7.24B | -5.23B | -4.76B | -4.74B | -4.35B | -3.72B |
| Net Cash Per Share | -122.23 | -89.16 | -84.52 | -90.07 | -83.51 | -72.01 |
| Filing Date Shares Outstanding | 59.11M | 59.04M | 57.76M | 53.18M | 52.50M | 51.69M |
| Total Common Shares Outstanding | 59.11M | 59.03M | 57.75M | 53.17M | 52.49M | 51.68M |
| Working Capital | -1.34B | -1.74B | -932.60M | -678.50M | -761.60M | -291.80M |
| Book Value Per Share | 60.62 | 53.32 | 51.79 | 50.32 | 49.08 | 46.75 |
| Tangible Book Value | 1.69B | 1.98B | 1.82B | 1.50B | 1.40B | 1.24B |
| Tangible Book Value Per Share | 28.55 | 33.47 | 31.50 | 28.28 | 26.76 | 24.08 |
| Machinery | 12.03B | 9.33B | 8.78B | 8.21B | 7.66B | 7.22B |
Cash flow statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 548.60M | 271.70M | 250.90M | 217.50M | 220.80M | 271.70M |
| Depreciation & Amortization | 340.70M | 298.20M | 278.40M | 254.80M | 237.30M | 213.10M |
| Change in Accounts Receivable | 151.60M | -30.30M | 50.20M | 335.70M | -52.00M | -355.40M |
| Change in Inventory | 21.70M | -18.60M | 15.80M | 142.80M | -117.20M | -111.00M |
| Change in Accounts Payable | -85.10M | 47.50M | -25.10M | -389.20M | 190.70M | 177.70M |
| Change in Income Taxes | 6.20M | 6.00M | 1.10M | 15.00M | 11.20M | 8.90M |
| Change in Other Net Operating Assets | -59.70M | -66.90M | 275.80M | -186.30M | -502.50M | -39.50M |
| Other Operating Activities | 14.10M | 70.40M | 65.30M | 49.90M | 66.70M | 84.30M |
| Operating Cash Flow | 608.70M | 578.00M | 912.40M | 440.20M | 55.00M | 249.80M |
| Capital Expenditures | -831.10M | -922.40M | -861.30M | -662.50M | -552.20M | -624.80M |
| Cash Acquisitions | -2.50B | -175.90M | -37.00M | |||
| Other Investing Activities | 813.30M | 6.00M | 10.00M | 4.00M | 5.50M | 2.80M |
| Investing Cash Flow | -2.49B | -916.40M | -1.03B | -695.50M | -546.70M | -622.00M |
| Short-Term Debt Issued | 370.00M | 365.50M | 24.00M | |||
| Long-Term Debt Issued | 150.00M | 495.00M | 755.00M | 300.00M | 629.10M | |
| Total Debt Issued | 3.60B | 520.00M | 495.00M | 755.00M | 665.50M | 653.10M |
| Short-Term Debt Repaid | -8.50M | -82.00M | ||||
| Long-Term Debt Repaid | -42.00M | -456.60M | -281.20M | -55.80M | -115.40M | |
| Total Debt Repaid | -1.25B | -42.00M | -465.10M | -363.20M | -55.80M | -115.40M |
| Net Debt Issued (Repaid) | 2.35B | 478.00M | 29.90M | 391.80M | 609.70M | 537.70M |
| Issuance of Common Stock | 200.00K | 76.20M | 287.00M | 41.90M | 51.90M | 1.00M |
| Common Dividends Paid | -191.20M | -182.20M | -167.10M | -150.70M | -141.90M | -133.20M |
| Preferred Dividends Paid | -11.10M | -14.80M | -14.80M | -14.80M | -14.80M | -14.80M |
| Dividends Paid | -202.30M | -197.00M | -181.90M | -165.50M | -156.70M | -148.00M |
| Other Financing Activities | -14.70M | -12.50M | -11.10M | -7.60M | -4.00M | -11.30M |
| Financing Cash Flow | 1.89B | 344.70M | 123.90M | 260.60M | 500.90M | 379.40M |
| Net Cash Flow | 10.90M | 6.30M | 9.10M | 5.30M | 9.20M | 7.20M |
| Free Cash Flow | -222.40M | -344.40M | 51.10M | -222.30M | -497.20M | -375.00M |
| Free Cash Flow Margin | -8.33% | -13.91% | 1.97% | -8.34% | -22.61% | -16.78% |
| Free Cash Flow Per Share | -3.75 | -5.87 | 0.91 | -4.23 | -9.54 | -7.25 |
| Levered Free Cash Flow | -319.81M | -413.38M | -15.80M | -124.85M | -238.15M | -762.92M |
| Unlevered Free Cash Flow | -150.50M | -285.81M | 109.89M | -8.79M | -163.28M | -696.30M |
| Cash Interest Paid | 254.70M | 207.10M | 205.60M | 177.50M | 119.90M | 98.70M |
| Cash Income Tax Paid | 3.70M | 2.90M | 900.00K | 2.00M | 1.80M | 1.50M |
| Change in Working Capital | 34.70M | -62.30M | 317.80M | -82.00M | -469.80M | -319.30M |
Ratios
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 5.25B | 4.81B | 3.89B | 2.98B | 3.27B | 3.16B |
| Enterprise Value | 12.49B | 9.94B | 8.62B | 7.73B | 7.45B | 6.89B |
| PE Ratio | 9.91 | 18.75 | 16.48 | 14.71 | 15.91 | 12.33 |
| PS Ratio | 1.96 | 1.94 | 1.50 | 1.12 | 1.49 | 1.41 |
| PB Ratio | 1.45 | 1.42 | 1.20 | 1.02 | 1.16 | 1.19 |
| P/FCF Ratio | 76.05 | |||||
| P/OCF Ratio | 8.61 | 8.32 | 4.26 | 6.76 | 59.49 | 12.66 |
| EV/Sales Ratio | 4.68 | 4.01 | 3.33 | 2.90 | 3.39 | 3.08 |
| EV/EBITDA Ratio | 12.96 | 11.87 | 11.12 | 11.34 | 11.28 | 10.24 |
| EV/EBIT Ratio | 20.05 | 18.43 | 17.34 | 18.11 | 17.62 | 14.98 |
| EV/FCF Ratio | 168.71 | |||||
| Debt / Equity Ratio | 2.03 | 1.55 | 1.47 | 1.63 | 1.55 | 1.40 |
| Debt / EBITDA Ratio | 7.54 | 6.25 | 6.14 | 6.96 | 6.60 | 5.54 |
| Debt / FCF Ratio | 93.20 | |||||
| Net Debt / Equity Ratio | 2.02 | 1.54 | 1.47 | 1.62 | 1.54 | 1.40 |
| Net Debt / EBITDA Ratio | 7.52 | 6.25 | 6.14 | 6.95 | 6.59 | 5.53 |
| Net Debt / FCF Ratio | -32.55 | -15.20 | 93.11 | -21.31 | -8.75 | -9.93 |
| Quick Ratio | 0.14 | 0.13 | 0.17 | 0.18 | 0.26 | 0.35 |
| Current Ratio | 0.37 | 0.32 | 0.45 | 0.61 | 0.68 | 0.82 |
| Asset Turnover | 0.21 | 0.22 | 0.24 | 0.26 | 0.23 | 0.25 |
| Return on Equity (ROE) | 8.11% | 8.21% | 8.16% | 7.58% | 8.06% | 10.49% |
| Return on Assets (ROA) | 3.05% | 3.01% | 2.94% | 2.62% | 2.72% | 3.27% |
| Return on Capital Employed (ROCE) | 5.20% | 6.00% | 5.40% | 5.00% | 5.50% | 5.90% |
| Earnings Yield | 10.09% | 5.65% | 6.46% | 7.31% | 6.75% | 8.59% |
| FCF Yield | -4.25% | -7.16% | 1.31% | -7.47% | -15.20% | -11.86% |
| Dividend Yield | 3.71% | 3.85% | 4.49% | 5.15% | 4.40% | 4.25% |
| Payout Ratio | 36.80% | 72.51% | 72.50% | 76.09% | 70.97% | 54.47% |
| Buyback Yield / Dilution | -1.41% | -4.26% | -7.03% | -0.96% | -0.77% | -0.78% |
| Total Shareholder Return | 2.32% | -0.41% | -2.55% | 4.18% | 3.62% | 3.47% |