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SPIRE INC

$89.27 ▼ -1.05 (-1.16%) at close

19 Visible periods

34 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Fair

Neutral

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Analytical Summary

SPIRE INC shows mixed fundamentals. On the positive side, Operating Margin (%) remains strong. Consider comparing against peers in the Energy sector before making investment decisions.

Market Cap —

Dividend Yield 3.52%

Revenue Growth -4.5% ↘

Op. Margin 21.2% ↗

ROIC 6.4% ↗

FCF / Share None

Trailing P/E 20.3x

Price / Book 1.6x

FCF Yield —

Debt / Equity 1.38

info Valuation on last close. End-of-day price, Nov 5, 2026.

19-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$2.48B

↓ -4.5% —

Net Income Profit after all expenses

$271.70M

↑ +8.3% —

Operating Margin Operating profit as % of sales

21.2%

↑ +12.3% 77th

Long-Term Debt Long-term obligations

$3.37B

↓ -9.0% —

trending_up

Bullish Indicators

Operating Margin (%)Operating Margin (%) is in the top quartile

warning

Bearish Risks

Debt to EquityDebt to Equity is concerning (bottom quartile)

Health Breakdown

Profitability →

Returns ↓

Financial Health →

Dividend History

Dividend / share · sourced from SEC filings

$3.14 Latest / share

+4.0% YoY

+5.4% 12-yr CAGR

$1.76

FY 2014

$1.84

FY 2015

$1.96

FY 2016

$2.10

FY 2017

$2.25

FY 2018

$2.37

FY 2019

$2.49

FY 2020

$2.60

FY 2021

$2.74

FY 2022

$2.88

FY 2023

$3.02

FY 2024

$3.14

FY 2025

Financial view

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📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Sep 30, 2025 10-K ↗	FY 2024 Sep 30, 2024 10-K ↗	FY 2023 Sep 30, 2023 10-K ↗	FY 2022 Sep 30, 2022 10-K ↗	FY 2021 Sep 30, 2021 10-K ↗	FY 2020 Sep 30, 2020 10-K ↗	FY 2019 Sep 30, 2019 10-K ↗	FY 2018 Sep 30, 2018 10-K ↗	FY 2017 Sep 30, 2017 10-K ↗	FY 2016 Sep 30, 2016 10-K ↗	FY 2015 Sep 30, 2015 10-K ↗	FY 2014 Sep 30, 2014 10-K ↗	FY 2013 Sep 30, 2013 10-K ↗	FY 2012 Sep 30, 2012 10-K ↗	FY 2011 Sep 30, 2011 10-K ↗	FY 2010 Sep 30, 2010 10-K ↗	FY 2009 Sep 30, 2009 10-K ↗	FY 2008 Sep 30, 2008 10-K ↗	FY 2007 Sep 30, 2007 10-K ↗
Revenue Growth YoY (%)	-4.5% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-190%)	-2.7% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-155%)	21.3% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+326%)	-1.7% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-133%)	20.5% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+310%)	—	—	—	—	—	21.5% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+329%)	60.0% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1100%)	-9.6% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-293%)	—	—	—	—	—	—
EPS Growth YoY (%)	4.5% Caution ↑ Caution Improving Year-over-year change in earnings per share Optimal: > 10%	8.8% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	-2.5% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-20.3% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	245.1% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-59.2% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-18.9% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	26.5% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	5.5% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	3.2% Caution ↓ Caution Declining Year-over-year change in earnings per share Optimal: > 10%	33.9% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	16.3% Good ↑ Good Improving Year-over-year change in earnings per share Optimal: > 10%	-27.5% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-2.4% Weak ↑ Weak Improving Year-over-year change in earnings per share Optimal: > 10%	18.1% Good ↑ Good Improving Year-over-year change in earnings per share Optimal: > 10%	-16.2% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	-18.8% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	8.3% Fair ↑ Fair Improving Year-over-year change in net income	15.4% Good ↓ Good Declining Year-over-year change in net income	-1.5% Weak ↓ Weak Declining Year-over-year change in net income	-18.7% Weak ↓ Weak Declining Year-over-year change in net income	206.7% Excellent ↑ Excellent Improving Year-over-year change in net income	-52.0% Weak ↓ Weak Declining Year-over-year change in net income	-13.8% Weak ↓ Weak Declining Year-over-year change in net income	32.5% Excellent ↑ Excellent Improving Year-over-year change in net income	12.1% Fair ↓ Fair Declining Year-over-year change in net income	5.3% Fair ↓ Fair Declining Year-over-year change in net income	61.8% Excellent ↑ Excellent Improving Year-over-year change in net income	60.2% Excellent ↑ Excellent Improving Year-over-year change in net income	-15.7% Weak ↓ Weak Declining Year-over-year change in net income	-1.9% Weak ↑ Weak Improving Year-over-year change in net income	18.1% Good ↑ Good Improving Year-over-year change in net income	-15.9% Weak Weak Year-over-year change in net income	-17.5% Weak Weak Year-over-year change in net income	—	—
FCF Growth YoY (%) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Revenue CAGR 3Y (%)	4.0% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	5.1% Fair Fair Compound annual revenue growth over 3 years	12.8% Good Good Compound annual revenue growth over 3 years	—	—	—	—	—	—	—	20.6% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—	—	—	—	—	—
Revenue CAGR 5Y (%)	5.9% Fair Fair Compound annual revenue growth over 5 years	—	—	—	—	-1.3% Weak Weak Compound annual revenue growth over 5 years	—	—	—	—	—	—	—	—	—	—	—	—	—
EPS CAGR 3Y (%)	3.5% Caution ↓ Caution Declining Compound annual EPS growth over 3 years	-5.5% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	38.9% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	3.9% Caution ↑ Caution Improving Compound annual EPS growth over 3 years	4.5% Caution ↑ Caution Improving Compound annual EPS growth over 3 years	-25.2% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	2.7% Caution ↓ Caution Declining Compound annual EPS growth over 3 years	11.2% Good → Good Stable Compound annual EPS growth over 3 years	13.4% Good ↑ Good Improving Compound annual EPS growth over 3 years	17.1% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	4.1% Caution ↑ Caution Improving Compound annual EPS growth over 3 years	-6.3% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	-5.8% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	-1.2% Weak Weak Compound annual EPS growth over 3 years	-7.0% Weak Weak Compound annual EPS growth over 3 years	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Sep 30, 2025 10-K ↗	FY 2024 Sep 30, 2024 10-K ↗	FY 2023 Sep 30, 2023 10-K ↗	FY 2022 Sep 30, 2022 10-K ↗	FY 2021 Sep 30, 2021 10-K ↗	FY 2020 Sep 30, 2020 10-K ↗	FY 2019 Sep 30, 2019 10-K ↗	FY 2018 Sep 30, 2018 10-K ↗	FY 2017 Sep 30, 2017 10-K ↗	FY 2016 Sep 30, 2016 10-K ↗	FY 2015 Sep 30, 2015 10-K ↗	FY 2014 Sep 30, 2014 10-K ↗	FY 2013 Sep 30, 2013 10-K ↗	FY 2012 Sep 30, 2012 10-K ↗	FY 2011 Sep 30, 2011 10-K ↗	FY 2010 Sep 30, 2010 10-K ↗	FY 2009 Sep 30, 2009 10-K ↗	FY 2008 Sep 30, 2008 10-K ↗	FY 2007 Sep 30, 2007 10-K ↗
Operating Margin (%) (%)	21.2% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+41%)	18.8% Good → Good Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+26%)	15.7% Fair ↓ Fair Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	18.6% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+24%)	20.1% Good Good Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+34%)	11.1% Caution Caution Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-26%)	—	—	—	—	13.8% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-8%)	10.2% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-32%)	9.5% Caution Caution Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-37%)	9.8% Caution Caution Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-34%)	—	—	—	—	—
Effective Tax Rate (%) (%)	18.0% Good → Good Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	19.0% Good → Good Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	15.1% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	21.1% Fair ↑ Fair Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	20.1% Good ↑ Good Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	12.3% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	15.7% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-14.1% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	32.4% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	32.5% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	—	—	—	—	—	—
Profit Margin (%) (%)	11.0% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+37%)	9.7% Caution → Caution Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+21%)	8.2% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	10.0% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+26%)	12.2% Fair Fair Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+52%)	4.8% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-40%)	—	—	—	—	6.9% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-13%)	5.2% Caution → Caution Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-35%)	5.2% Caution Caution Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-35%)	5.6% Caution Caution Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-30%)	—	—	—	—	—
FCF Margin (%) (%) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
FCF / Net Income (x) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Sep 30, 2025 10-K ↗	FY 2024 Sep 30, 2024 10-K ↗	FY 2023 Sep 30, 2023 10-K ↗	FY 2022 Sep 30, 2022 10-K ↗	FY 2021 Sep 30, 2021 10-K ↗	FY 2020 Sep 30, 2020 10-K ↗	FY 2019 Sep 30, 2019 10-K ↗	FY 2018 Sep 30, 2018 10-K ↗	FY 2017 Sep 30, 2017 10-K ↗	FY 2016 Sep 30, 2016 10-K ↗	FY 2015 Sep 30, 2015 10-K ↗	FY 2014 Sep 30, 2014 10-K ↗	FY 2013 Sep 30, 2013 10-K ↗	FY 2012 Sep 30, 2012 10-K ↗	FY 2011 Sep 30, 2011 10-K ↗	FY 2010 Sep 30, 2010 10-K ↗	FY 2009 Sep 30, 2009 10-K ↗	FY 2008 Sep 30, 2008 10-K ↗	FY 2007 Sep 30, 2007 10-K ↗
Return on Invested Capital (%)	6.4% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	5.7% Caution → Caution Stable Return earned on debt + equity capital invested Optimal: > 10%	5.5% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	5.6% Caution → Caution Stable Return earned on debt + equity capital invested Optimal: > 10%	6.4% Caution → Caution Stable Return earned on debt + equity capital invested Optimal: > 10%	3.7% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	7.2% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	7.7% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	5.5% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	4.9% Caution → Caution Stable Return earned on debt + equity capital invested Optimal: > 10%	6.6% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	3.9% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	3.9% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	9.3% Fair ↓ Fair Declining Return earned on debt + equity capital invested Optimal: > 10%	10.0% Fair ↓ Fair Declining Return earned on debt + equity capital invested Optimal: > 10%	9.2% Fair ↓ Fair Declining Return earned on debt + equity capital invested Optimal: > 10%	10.9% Good Good Return earned on debt + equity capital invested Optimal: > 10%	18.1% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	4.5% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	4.5% Caution → Caution Stable Operating profit relative to total assets Optimal: > 10%	4.1% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	4.0% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	4.8% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	2.5% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	4.0% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	4.1% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	4.9% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	4.6% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	5.2% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	3.3% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	3.1% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	5.9% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	6.6% Caution → Caution Stable Operating profit relative to total assets Optimal: > 10%	5.7% Caution Caution Operating profit relative to total assets Optimal: > 10%	7.1% Fair Fair Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	8.0% Caution → Caution Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-33%)	7.8% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-35%)	7.5% Caution → Caution Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-38%)	7.8% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-35%)	10.2% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-15%)	3.5% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-71%)	7.3% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-40%)	9.5% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-21%)	8.1% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-32%)	8.2% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-32%)	8.7% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-28%)	5.6% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-53%)	5.0% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-58%)	10.4% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-13%)	11.1% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-7%)	10.1% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-16%)	12.4% Fair Fair Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	16.0% Good Good Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+33%)	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Sep 30, 2025 10-K ↗	FY 2024 Sep 30, 2024 10-K ↗	FY 2023 Sep 30, 2023 10-K ↗	FY 2022 Sep 30, 2022 10-K ↗	FY 2021 Sep 30, 2021 10-K ↗	FY 2020 Sep 30, 2020 10-K ↗	FY 2019 Sep 30, 2019 10-K ↗	FY 2018 Sep 30, 2018 10-K ↗	FY 2017 Sep 30, 2017 10-K ↗	FY 2016 Sep 30, 2016 10-K ↗	FY 2015 Sep 30, 2015 10-K ↗	FY 2014 Sep 30, 2014 10-K ↗	FY 2013 Sep 30, 2013 10-K ↗	FY 2012 Sep 30, 2012 10-K ↗	FY 2011 Sep 30, 2011 10-K ↗	FY 2010 Sep 30, 2010 10-K ↗	FY 2009 Sep 30, 2009 10-K ↗	FY 2008 Sep 30, 2008 10-K ↗	FY 2007 Sep 30, 2007 10-K ↗
Debt to Equity (x)	1.38x Caution → Caution Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+177%)	1.44x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+188%)	1.55x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+209%)	1.05x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+110%)	1.11x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+121%)	0.96x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+92%)	0.38x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-23%)	1.09x Caution ↓ Caution Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+118%)	1.24x Caution ↓ Caution Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+148%)	1.41x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+181%)	1.30x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+160%)	1.42x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+183%)	0.94x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+89%)	0.63x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+26%)	0.72x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+43%)	0.92x Fair Fair Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+84%)	1.00x Caution Caution Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+101%)	—	—
Interest Coverage (x)	2.57x Caution → Caution Stable Operating income divided by interest expense Optimal: > 5x	2.43x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	2.25x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	3.41x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	4.22x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	1.96x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	2.90x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	2.84x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	3.61x Fair → Fair Stable Operating income divided by interest expense Optimal: > 5x	3.66x Fair → Fair Stable Operating income divided by interest expense Optimal: > 5x	3.65x Fair → Fair Stable Operating income divided by interest expense Optimal: > 5x	3.60x Fair ↓ Fair Declining Operating income divided by interest expense Optimal: > 5x	3.37x Fair ↓ Fair Declining Operating income divided by interest expense Optimal: > 5x	4.43x Fair → Fair Stable Operating income divided by interest expense Optimal: > 5x	4.65x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	3.91x Fair → Fair Stable Operating income divided by interest expense Optimal: > 5x	4.20x Fair Fair Operating income divided by interest expense Optimal: > 5x	3.78x Fair Fair Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$4.68B	$4.65B	$4.50B	$2.95B	$2.93B	$2.42B	$969.20M	$2.45B	$2.46B	$2.48B	$2.03B	$2.12B	$933.70M	$352.06M	$367.08M	$407.03M	$444.45M	$-14.90M	$-52.75M
Debt / EBITDA (x)	5.70x Weak → Weak Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	6.07x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	6.70x Weak → Weak Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.58x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.43x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	11.74x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.23x Caution ↓ Caution Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	8.77x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	7.69x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	8.80x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	7.52x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	12.85x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	10.22x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.43x Caution ↓ Caution Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.47x Caution ↓ Caution Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.71x Weak Weak Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.15x Weak Weak Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—

📊 What does each share earn? 8 metrics

Metric	FY 2025 Sep 30, 2025 10-K ↗	FY 2024 Sep 30, 2024 10-K ↗	FY 2023 Sep 30, 2023 10-K ↗	FY 2022 Sep 30, 2022 10-K ↗	FY 2021 Sep 30, 2021 10-K ↗	FY 2020 Sep 30, 2020 10-K ↗	FY 2019 Sep 30, 2019 10-K ↗	FY 2018 Sep 30, 2018 10-K ↗	FY 2017 Sep 30, 2017 10-K ↗	FY 2016 Sep 30, 2016 10-K ↗	FY 2015 Sep 30, 2015 10-K ↗	FY 2014 Sep 30, 2014 10-K ↗	FY 2013 Sep 30, 2013 10-K ↗	FY 2012 Sep 30, 2012 10-K ↗	FY 2011 Sep 30, 2011 10-K ↗	FY 2010 Sep 30, 2010 10-K ↗	FY 2009 Sep 30, 2009 10-K ↗	FY 2008 Sep 30, 2008 10-K ↗	FY 2007 Sep 30, 2007 10-K ↗
Revenue per Share (USD)	—	—	$50.79	$42.28	$43.32	$36.24	—	—	—	—	$45.75	$45.45	$39.27	$50.56	—	—	—	—	—
Basic EPS, GAAP (USD)	$4.39	$4.20	$3.86	$3.96	$4.97	$1.44	$3.53	$4.35	$3.44	$3.26	$3.16	$2.36	$2.03	$2.80	$2.87	$2.43	$2.90	$3.57	—
Free Cash Flow per Share (USD) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividend per Share (USD)	$3.14	$3.02	$2.88	$2.74	$2.60	$2.49	$2.37	$2.25	$2.10	$1.96	$1.84	$1.76	$1.70	$1.66	$1.62	$1.58	$1.54	$1.50	—
Book Value per Share (USD)	$57.45	$56.03	$54.84	$53.69	$51.42	$48.88	$49.86	$44.51	$41.26	$38.73	$36.44	$34.93	$40.40	$27.02	$25.94	$24.36	$23.62	$22.46	—
Tangible Book Value per Share (USD)	$37.59	$35.72	$32.81	$31.37	$28.75	$26.18	$26.89	$21.39	$16.98	$13.22	$14.53	$13.21	$30.86	$27.02	$25.94	$24.36	$23.62	$22.46	—
Basic Weighted Avg Shares (shares)	58	56	52.50M	52.00M	51.60M	51.20M	50.70M	49.10M	46.90M	44.10M	43.20M	35.80M	25.90M	22.26M	22.10M	21.99M	21.89M	21.66M	—
Dividend Payout Ratio (%)	71.5% Caution → Caution Stable Dividends paid as a percentage of earnings Optimal: 30-60%	71.9% Caution ↑ Caution Improving Dividends paid as a percentage of earnings Optimal: 30-60%	74.6% Caution ↓ Caution Declining Dividends paid as a percentage of earnings Optimal: 30-60%	69.2% Fair ↓ Fair Declining Dividends paid as a percentage of earnings Optimal: 30-60%	52.3% Fair ↓ Fair Declining Dividends paid as a percentage of earnings Optimal: 30-60%	172.9% Weak ↑ Weak Improving Dividends paid as a percentage of earnings Optimal: 30-60%	67.1% Fair ↑ Fair Improving Dividends paid as a percentage of earnings Optimal: 30-60%	51.7% Fair ↓ Fair Declining Dividends paid as a percentage of earnings Optimal: 30-60%	61.0% Fair ↓ Fair Declining Dividends paid as a percentage of earnings Optimal: 30-60%	60.1% Fair ↓ Fair Declining Dividends paid as a percentage of earnings Optimal: 30-60%	58.2% Fair ↓ Fair Declining Dividends paid as a percentage of earnings Optimal: 30-60%	74.6% Caution ↑ Caution Improving Dividends paid as a percentage of earnings Optimal: 30-60%	83.7% Caution ↑ Caution Improving Dividends paid as a percentage of earnings Optimal: 30-60%	59.3% Fair → Fair Stable Dividends paid as a percentage of earnings Optimal: 30-60%	56.4% Fair ↑ Fair Improving Dividends paid as a percentage of earnings Optimal: 30-60%	65.0% Fair ↑ Fair Improving Dividends paid as a percentage of earnings Optimal: 30-60%	53.1% Fair Fair Dividends paid as a percentage of earnings Optimal: 30-60%	42.0% Good Good Dividends paid as a percentage of earnings Optimal: 30-60%	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Sep 30, 2025 10-K ↗	FY 2024 Sep 30, 2024 10-K ↗	FY 2023 Sep 30, 2023 10-K ↗	FY 2022 Sep 30, 2022 10-K ↗	FY 2021 Sep 30, 2021 10-K ↗	FY 2020 Sep 30, 2020 10-K ↗	FY 2019 Sep 30, 2019 10-K ↗	FY 2018 Sep 30, 2018 10-K ↗	FY 2017 Sep 30, 2017 10-K ↗	FY 2016 Sep 30, 2016 10-K ↗	FY 2015 Sep 30, 2015 10-K ↗	FY 2014 Sep 30, 2014 10-K ↗	FY 2013 Sep 30, 2013 10-K ↗	FY 2012 Sep 30, 2012 10-K ↗	FY 2011 Sep 30, 2011 10-K ↗	FY 2010 Sep 30, 2010 10-K ↗	FY 2009 Sep 30, 2009 10-K ↗	FY 2008 Sep 30, 2008 10-K ↗	FY 2007 Sep 30, 2007 10-K ↗
Working Capital (USD)	$-1.74B	$-932.60M	$-678.50M	$-761.60M	$-291.80M	$-858.60M	$-854.30M	$-662.10M	$-372.40M	$-591.70M	$-323.70M	$-157.80M	$122.70M	$90.89M	$137.20M	$80.27M	$69.64M	—	—
LT Debt (USD)	$3.37B	$3.70B	$3.55B	$2.96B	$2.94B	$2.42B	$975.00M	$1.90B	$2.00B	$2.09B	$1.71B	$1.85B	$912.70M	$339.42M	$364.36M	$364.30M	$389.24M	—	—
Total Equity (USD)	$3.39B	$3.23B	$2.92B	$2.82B	$2.66B	$2.52B	$2.54B	$2.26B	$1.99B	$1.77B	$1.57B	$1.51B	$1.05B	$601.61M	$573.33M	$535.58M	$517.03M	$486.48M	$428.32M

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Sep 30, 2025 10-K ↗	FY 2024 Sep 30, 2024 10-K ↗	FY 2023 Sep 30, 2023 10-K ↗	FY 2022 Sep 30, 2022 10-K ↗	FY 2021 Sep 30, 2021 10-K ↗	FY 2020 Sep 30, 2020 10-K ↗	FY 2019 Sep 30, 2019 10-K ↗	FY 2018 Sep 30, 2018 10-K ↗	FY 2017 Sep 30, 2017 10-K ↗	FY 2016 Sep 30, 2016 10-K ↗	FY 2015 Sep 30, 2015 10-K ↗	FY 2014 Sep 30, 2014 10-K ↗	FY 2013 Sep 30, 2013 10-K ↗	FY 2012 Sep 30, 2012 10-K ↗	FY 2011 Sep 30, 2011 10-K ↗	FY 2010 Sep 30, 2010 10-K ↗	FY 2009 Sep 30, 2009 10-K ↗	FY 2008 Sep 30, 2008 10-K ↗	FY 2007 Sep 30, 2007 10-K ↗
Sales/Revenue/Turnover (USD)	$2.48B	$2.59B	$2.67B	$2.20B	$2.24B	$1.86B	—	—	—	—	$1.98B	$1.63B	$1.02B	$1.13B	—	—	—	—	—
Depreciation Expense (USD)	$298.20M	$278.40M	$254.80M	$237.30M	$213.10M	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net Income, GAAP (USD)	$271.70M	$250.90M	$217.50M	$220.80M	$271.70M	$88.60M	$184.60M	$214.20M	$161.60M	$144.20M	$136.90M	$84.60M	$52.80M	$62.64M	$63.83M	$54.04M	$64.25M	$77.92M	—
Operating Cash Flow (USD)	$578.00M	$912.40M	$440.20M	$55.00M	$249.80M	$469.90M	$450.90M	$456.60M	$288.30M	$328.30M	$322.40M	$122.60M	$163.90M	$128.10M	$167.19M	$106.92M	$228.75M	$-36.53M	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 4 days ago 19 years · 72 quarters

SPIRE INC

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19-Year Financial Trajectory

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