InsiderClue
Stocks · Energy · Natural Gas Distribution

SPIRE INC

SR Clue Score42
United States Fiscal year ends September CIK 0001126956
$78.42 +0.55% Close, 9 Oct 2026
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Price $78.42 +23.55% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Operating income0.34Net income0.16EPS, diluted3.43Fiscal year 2018Operating income0.29Net income0.21 +32.5%EPS, diluted4.33Fiscal year 2019Revenue1.95Operating income0.30Net income0.18 −13.8%EPS, diluted3.52Fiscal year 2020Revenue1.86 −5.0%Operating income0.21Net income0.09 −52.0%EPS, diluted1.44Fiscal year 2021Revenue2.24 +20.5%Operating income0.45Net income0.27 +206.7%EPS, diluted4.96Fiscal year 2022Revenue2.20 −1.7%Operating income0.41Net income0.22 −18.7%EPS, diluted3.95Fiscal year 2023Revenue2.67 +21.3%Operating income0.42Net income0.22 −1.5%EPS, diluted3.85Fiscal year 2024Revenue2.59 −2.7%Operating income0.49Net income0.25 +15.4%EPS, diluted4.19Fiscal year 2025Revenue2.48 −4.5%Operating income0.52Net income0.27 +8.3%EPS, diluted4.37
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue n/a n/a 1.95 1.86 2.24 2.20 2.67 2.59 2.48
Growth −5.0% +20.5% −1.7% +21.3% −2.7% −4.5%
Operating income 0.34 0.29 0.30 0.21 0.45 0.41 0.42 0.49 0.52
Net income 0.16 0.21 0.18 0.09 0.27 0.22 0.22 0.25 0.27
Growth +32.5% −13.8% −52.0% +206.7% −18.7% −1.5% +15.4% +8.3%
EPS, diluted 3.43 4.33 3.52 1.44 4.96 3.95 3.85 4.19 4.37

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2017Fiscal year 2018Fiscal year 2019Operating margin15.5%Net margin9.5%Free cash flow margin−19.1%Fiscal year 2020Operating margin11.1%Net margin4.8%Free cash flow margin−9.1%Fiscal year 2021Operating margin20.1%Net margin12.2%Free cash flow margin−16.8%Fiscal year 2022Operating margin18.6%Net margin10.0%Free cash flow margin−22.6%Fiscal year 2023Operating margin15.7%Net margin8.2%Free cash flow margin−8.3%Fiscal year 2024Operating margin18.8%Net margin9.7%Free cash flow margin2.0%Fiscal year 2025Operating margin21.2%Net margin11.0%Free cash flow margin−13.9%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin n/a n/a 15.5% 11.1% 20.1% 18.6% 15.7% 18.8% 21.2%
Net margin n/a n/a 9.5% 4.8% 12.2% 10.0% 8.2% 9.7% 11.0%
Free cash flow margin n/a n/a −19.1% −9.1% −16.8% −22.6% −8.3% 2.0% −13.9%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow0.29Capital expenditure−0.44Free cash flow−0.15Dividends paid−0.10Fiscal year 2018Operating cash flow0.46Capital expenditure−0.50Free cash flow−0.04Dividends paid−0.11Fiscal year 2019Operating cash flow0.45Capital expenditure−0.82Free cash flow−0.37Dividends paid−0.12Fiscal year 2020Operating cash flow0.47Capital expenditure−0.64Free cash flow−0.17Dividends paid−0.13Fiscal year 2021Operating cash flow0.25Capital expenditure−0.62Free cash flow−0.38Dividends paid−0.13Fiscal year 2022Operating cash flow0.06Capital expenditure−0.55Free cash flow−0.50Dividends paid−0.14Fiscal year 2023Operating cash flow0.44Capital expenditure−0.66Free cash flow−0.22Dividends paid−0.15Fiscal year 2024Operating cash flow0.91Capital expenditure−0.86Free cash flow0.05Dividends paid−0.17Fiscal year 2025Operating cash flow0.58Capital expenditure−0.92Free cash flow−0.34 −774.0%Dividends paid−0.18
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 0.29 0.46 0.45 0.47 0.25 0.06 0.44 0.91 0.58
Capital expenditure −0.44 −0.50 −0.82 −0.64 −0.62 −0.55 −0.66 −0.86 −0.92
Free cash flow −0.15 −0.04 −0.37 −0.17 −0.38 −0.50 −0.22 0.05 −0.34
Growth −774.0%
Dividends paid −0.10 −0.11 −0.12 −0.13 −0.13 −0.14 −0.15 −0.17 −0.18

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash0.01Total debt2.00Net cash (debt)−1.99Shareholders’ equity1.99Debt to equity1.00Fiscal year 2018Cash0.00Total debt2.08Net cash (debt)−2.07Shareholders’ equity2.26Debt to equity0.92Fiscal year 2019Cash0.01Total debt2.12Net cash (debt)−2.12Shareholders’ equity2.54Debt to equity0.83Fiscal year 2020Cash0.00Total debt2.48Net cash (debt)−2.48Shareholders’ equity2.52Debt to equity0.98Fiscal year 2021Cash0.00Total debt2.99Net cash (debt)−2.99Shareholders’ equity2.66Debt to equity1.13Fiscal year 2022Cash0.01Total debt3.24Net cash (debt)−3.23Shareholders’ equity2.82Debt to equity1.15Fiscal year 2023Cash0.01Total debt3.71Net cash (debt)−3.71Shareholders’ equity2.92Debt to equity1.27Fiscal year 2024Cash0.00Total debt3.75Net cash (debt)−3.74Shareholders’ equity3.23Debt to equity1.16Fiscal year 2025Cash0.01Total debt3.86Net cash (debt)−3.85Shareholders’ equity3.39Debt to equity1.14
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.01 0.00 0.01 0.00 0.00 0.01 0.01 0.00 0.01
Total debt 2.00 2.08 2.12 2.48 2.99 3.24 3.71 3.75 3.86
Net cash (debt) −1.99 −2.07 −2.12 −2.48 −2.99 −3.23 −3.71 −3.74 −3.85
Shareholders’ equity 1.99 2.26 2.54 2.52 2.66 2.82 2.92 3.23 3.39
Debt to equity 1.00 0.92 0.83 0.98 1.13 1.15 1.27 1.16 1.14

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending September, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 30 Sep 2017 FY2018 30 Sep 2018 FY2019 30 Sep 2019 FY2020 30 Sep 2020 FY2021 30 Sep 2021 FY2022 30 Sep 2022 FY2023 30 Sep 2023 FY2024 30 Sep 2024 FY2025 30 Sep 2025
Margins
n/a n/a 15.5% 11.1% 20.1% 18.6% 15.7% 18.8% 21.2%
n/a n/a 11.2% 5.4% 15.2% 12.7% 9.6% 11.9% 13.4%
n/a n/a 9.5% 4.8% 12.2% 10.0% 8.2% 9.7% 11.0%
n/a n/a −19.1% −9.1% −16.8% −22.6% −8.3% 2.0% −13.9%
Spending
n/a n/a 42.2% 34.4% 27.9% 25.1% 24.8% 33.2% 37.2%
32.4% −14.1% 15.7% 12.3% 20.1% 21.1% 15.1% 19.0% 18.0%
Returns
8.1% 9.5% 7.3% 3.5% 10.2% 7.8% 7.5% 7.8% 8.0%
2.5% 3.1% 2.4% 1.1% 2.9% 2.2% 2.1% 2.3% 2.3%
Balance and payout
1.00 0.92 0.83 0.98 1.13 1.15 1.27 1.16 1.14
59.5% 50.7% 64.5% 144.5% 49.0% 64.3% 69.3% 66.6% 67.1%
n/a n/a n/a n/a n/a n/a n/a 327.0% n/a