Sunday 11 October 2026 Export all SR data to Excel Powerpack

Spire Inc.

In the quarter to June 2026, revenue grew 19.2%, EPS grew 1,131.0%, free cash flow was flat and total debt rose 54.1%, each against the same quarter a year earlier. Dividend growth for ten consecutive years; insiders bought in the last twelve months.

78.42 0.43 +0.55%

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Market cap: $4.6B
P/E: 8.7×
Fwd P/E: 20.4×
Dividend yield: 4.21%
F-score: 6/9
Altman Z: 0.66
Beneish M: −2.55
Dividend safety: 35/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.25

Total sells 0.31

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	1	2	—	—	—	—
Sell	—	—	—	—	—	—	—	1	—	—	—	—

Insider Ownership 2.15%

Capital & Financial Ratios $m

Market Cap 4,610.00

Revenue 2,680.80

Net Income 548.60

Free Cash Flow (222.40)

Net Debt 5,975.40

Current Ratio 0.37

Debt/Equity 1.67

P/E ratio 8.72

Fwd P/E 20.40

P/S ratio 1.73

P/B ratio 1.29

Past 5Y EPS Growth 24.86%

This Y EPS Growth (9.62%)

Next Y EPS Growth 36.73%

Next Y revenue growth 0.39%

Next 5Y EPS Growth 11.61%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 0.55%

10-year low 10-year high

P/S against its own 10 years 37.44%

10-year low 10-year high

P/B against its own 10 years 17.65%

10-year low 10-year high

EV/Sales against its own 10 years 94.46%

10-year low 10-year high

Dividends

Payout Ratio 0.37

Annual Dividend Rate 3.30

Annual Dividend Yield 4.21%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	3.30	0.83 0.83 0.83
2025	3.18	0.79 0.79 0.79 0.83
2024	3.05	0.76 0.76 0.76 0.79
2023	2.92	0.72 0.72 0.72 0.76
2022	2.78	0.69 0.69 0.69 0.72
2021	2.64	0.65 0.65 0.65 0.69
2020	2.52	0.62 0.62 0.62 0.65
2019	2.40	0.59 0.59 0.59 0.62
2018	2.28	0.56 0.56 0.56 0.59
2017	2.14	0.53 0.53 0.53 0.56
2016	2.00	0.49 0.49 0.49 0.53

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	6	5	6	21
Receivables	289	277	316	246
Inventory	280	264	283	210
Other	455	178	156	250
	1,077	771	808	790

	2023	2024	2025	Q'26
Payables	253	237	248	194
ST’ Debt	157	42	488	238
Other	239	321	333	294
	1,755	1,704	2,549	2,133

Compound Annual Growth %

	10y	5y	3y
Sales	2.28%	5.94%	4.05%
Cash Flow	6.01%	4.23%	119.04%
Earnings	6.48%	28.34%	7.65%
Book Value	7.97%	6.09%	6.34%

Revenue $m

	Dec	Mar	Jun	Sep	Year
’26	762	1,020	420	—	—
’25	669	976	353	478	2,476
’24	757	1,129	414	294	2,593
’23	814	1,123	419	310	2,666
’22	555	881	448	314	2,199
’21	513	1,105	328	290	2,236
’20	567	716	321	252	1,855

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Dec	Mar	Jun	Sep	Year
’26	81	410	122	—	—
’25	81	373	129	(5)	578
’24	70	489	270	83	912
’23	(171)	351	224	36	440
’22	(230)	385	50	(150)	55
’21	8	152	62	29	250
’20	65	257	132	16	470

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Dec	Mar	Jun	Sep	Year
’26	(122)	218	(91)	—	—
’25	(179)	154	(91)	(228)	(344)
’24	(156)	307	48	(147)	51
’23	(326)	198	49	(143)	(222)
’22	(376)	255	(77)	(299)	(497)
’21	(156)	12	(98)	(132)	(375)
’20	(128)	103	3	(147)	(168)

Fiscal quarters ending in the months shown.

EPS $

	Dec	Mar	Jun	Sep	Year
’26	1.54	4.60	3.57	—	—
’25	1.34	3.51	0.29	(0.74)	4.37
’24	1.52	3.58	(0.28)	(0.51)	4.19
’23	1.66	3.33	(0.48)	(0.66)	3.85
’22	1.01	3.27	(0.10)	(0.20)	3.95
’21	1.65	3.55	0.03	(0.26)	4.96
’20	1.24	2.54	(1.87)	(0.45)	1.44

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	57.10	62.33	60.09	71.67	50.58	59.29	61.52	53.77	56.36	65.15	Analyst estimates 2026–2028 Powerpack
	High	71.21	82.85	81.13	88.00	87.96	77.95	79.24	75.83	73.64	91.11
People
People	Employees	3,296	3,279	3,366	3,536	3,583	3,710	3,584	3,589	3,475	3,497
	Revenue/emp, $m	0.47	0.53	0.58	0.55	0.52	0.60	0.61	0.74	0.75	0.71
Income, $m
Income, $m	Revenue	1,537	1,741	1,965	1,952	1,855	2,236	2,199	2,666	2,593	2,476
	Gross margin, %	67.98	67.23	55.64	56.96	62.48	57.67	57.98	52.71	57.45	63.43
	EBT	214	239	188	219	101	340	280	256	310	331
	EBT margin, %	13.90	13.74	9.55	11.22	5.44	15.22	12.72	9.61	11.94	13.38
	Net income	144	162	214	185	89	272	221	218	251	272
	Depreciation	138	154	168	182	197	213	237	255	278	298
Per share, $
Per share, $	Revenue	34.86	37.12	40.02	38.51	36.24	43.32	42.28	50.79	46.22	42.33
	Earnings	3.26	3.44	4.35	3.53	1.44	4.97	3.96	3.86	4.20	4.39
	Cash flow	7.44	6.15	9.30	8.89	9.18	4.84	1.06	8.38	16.26	9.88
	Capex	(6.65)	(9.34)	(10.17)	(16.24)	(12.47)	(12.11)	(10.62)	(12.62)	(15.35)	(15.77)
	Free cash flow	0.79	(3.19)	(0.87)	(7.35)	(3.29)	(7.27)	(9.56)	(4.23)	0.91	(5.89)
	Book value	40.10	42.46	45.93	50.16	49.26	51.52	54.20	55.57	57.62	57.94
	Shares, m	44	47	49	51	51	52	52	53	56	59
Valuation, ×
Valuation, ×	P/E	19.08	21.35	16.23	24.64	36.19	12.29	15.66	14.22	15.58	18.49
	P/S	1.83	2.02	1.80	2.27	1.47	1.41	1.47	1.08	1.46	1.93
	P/B	1.59	1.77	1.57	1.92	1.19	1.31	1.26	1.07	1.26	1.52
	EV/Sales	3.17	3.22	2.85	3.35	2.80	2.75	2.94	2.47	2.90	3.48
	EV/FCF	139.33	(37.46)	(131.07)	(17.56)	(30.88)	(16.39)	(13.02)	(29.60)	147.10	(25.03)
Cash, $m
Cash, $m	Operating cash flow	328	288	457	451	470	250	55	440	912	578
	Capex	(293)	(438)	(499)	(823)	(638)	(625)	(552)	(662)	(861)	(922)
	Free cash flow	35	(150)	(43)	(372)	(168)	(375)	(497)	(222)	51	(344)
Balance, $m
Balance, $m	Working capital	(592)	(372)	(662)	(854)	(859)	(292)	(762)	(678)	(933)	(1,741)
	Total debt	2,071	2,095	2,076	2,123	2,484	2,995	3,240	3,711	3,746	3,857
	Net debt	2,066	2,088	2,071	2,117	2,480	2,991	3,233	3,705	3,742	3,851
	Shareholders’ equity	1,768	1,991	2,255	2,543	2,522	2,658	2,819	2,917	3,233	3,389
Returns, %
Returns, %	ROA	2.53	2.56	3.19	2.47	0.93	2.92	2.12	1.98	2.23	2.29
	ROIC	4.60	5.22	4.25	4.05	2.58	4.98	4.22	3.95	4.38	4.52
	ROE	8.60	8.58	10.06	7.85	3.22	10.92	8.24	7.71	8.32	8.36

Negative figures in brackets.

All 10 years →

Fiscal years to Sep 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
UGI UGI Corporation	$7.9B	11.9×	11.5×	−4.52% (below 0%: shrinking)	n/m	−56.52% (below 0%: shrinking)	43.05%	(3.31%)	Compare
SWX Southwest Gas Corporation	$6.1B	11.0×	20.8×	−9.63% (below 0%: shrinking)	n/m	−157.57% (below 0%: shrinking)	89.27%	23.54%	Compare
BKH Black Hills Corporation	$5.8B	19.2×	16.7×	+3.14% (above 0%: growing)	+31.58% (above 0%: growing)	+24.09% (above 0%: growing)	74.93%	21.42%	Compare
NJR NewJersey Resources Corporation	$5.2B	14.1×	15.9×	+16.80% (above 0%: growing)	n/m	−3.14% (below 0%: shrinking)	57.69%	9.13%	Compare
SR Spire Inc.	$4.6B	8.7×	20.4×	+19.21% (above 0%: growing)	+1,131.03% (above 0%: growing)	+0.22% (above 0%: growing)	75.92%	5.57%
OGS ONE Gas, Inc.	$4.6B	15.6×	16.5×	−2.86% (below 0%: shrinking)	+39.62% (above 0%: growing)	+511.45% (above 0%: growing)	78.07%	20.08%	Compare
MDU MDU Resources Group, Inc.	$4.0B	19.7×	21.8×	+6.87% (above 0%: growing)	+42.86% (above 0%: growing)	−58.85% (below 0%: shrinking)	64.77%	12.78%	Compare
CPK Chesapeake Utilities Corporation	$3.1B	20.3×	19.2×	+4.72% (above 0%: growing)	+2.91% (above 0%: growing)	+38.63% (above 0%: growing)	74.39%	26.20%	Compare
CTRI Centuri Holdings, Inc.	$2.1B	67.4×	67.3×	+32.86% (above 0%: growing)	−33.33% (below 0%: shrinking)	+85.38% (above 0%: growing)	7.19%	2.51%	Compare
Median of peers	$4.9B	17.4×	18.0×	+3.93%	+31.58%	+10.48%	69.58%	16.43%

All 15 Utilities Regulated Gas stocks →

Spire Inc. (SR) key facts

Spire Inc. (SR) is an Utilities Regulated Gas company in the Utilities sector, listed on the New York Stock Exchange.
As of October 9, 2026, SR traded at $78.42, a market capitalization of $4.6 billion.
Spire Inc. pays an annual dividend of $3.30 per share, a yield of 4.21%, with a payout ratio of 36.8%.
Return on equity was 8.36% and debt-to-equity 1.67.
Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 0.66 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.