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Friday 6 November 2026 Export SR’s income statement to Excel — free account

Spire Inc.

SR Utilities Utilities Regulated Gas

Spire Inc.’s revenue for fiscal 2025 (year ended September 2025) was $2.5 billion, down 4.50% from fiscal 2024.

Revenue
−0.40%
EPS
+1,131.0%
Free cash flow
+0.22%
Total debt
+54.1%

Quarter to June 2026, against a year earlier

89.17 1.14 −1.26%
Market cap
$5.3B
P/E
9.9×
Fwd P/E
21.9×
Dividend yield
3.70%
F-score
6/9
Altman Z
0.66
Beneish M
−2.55
Dividend safety
35/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Spire Inc. (SR) Operating margin

Alert me on Operating margin

Spire Inc.'s operating margin over the twelve months to 30 June 2026 was 22.7%, up 1.5 percentage points from fiscal 2025 (21.2%). Over the past ten years it has ranged from 11.1% (fiscal 2020) to 21.2% (fiscal 2025) — the current reading is the highest in ten years. That is in line with the Utilities Regulated Gas industry median of 22.8% and above the Utilities sector median of 18.7%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 21.2% 2.33
FY2024 18.8% 3.13
FY2023 15.7% (2.87)
FY2022 18.6% (1.57)
FY2021 20.1% 9.02
FY2020 11.1% (4.36)
FY2019 15.5% 0.51
FY2018 15.0% (4.61)
FY2017 19.6% 1.22
FY2016 18.4% 4.57

Quarterly newest first

Period Operating margin Change (points)
Jun 2026 5.57% (24.18)
Mar 2026 29.8% 6.99
Dec 2025 22.8% 0.28
Sep 2025 22.5% 17.24
42 more quarters

Against its own ten years

Low 11.1% High 21.2%
Ten-year median 18.4%
Current reading's percentile 100

Operating margin against peers

Company Operating margin
SWX Southwest Gas Corporation compare 28.9%
CPK Chesapeake Utilities Corporation compare 27.2%
NJR NewJersey Resources Corporation compare 24.8%
BKH Bright Horizon Energy Corporation compare 24.3%
NWN Northwest Natural Gas Company compare 22.9%
SR Spire Inc. 22.7%
OGS ONE Gas, Inc. compare 21.1%
MDU MDU Resources Group, Inc. compare 17.0%
UGI UGI Corporation compare 16.2%
Utilities Regulated Gas industry median 22.8%
Utilities sector median 18.7%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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