Stocktoria

SPIRE INC SR

NYSE · stock · Natural Gas Distribution · website · IPO 1980-03-17 · LEI

SPIRE INC statistics & valuation

Market cap$4.8B
P / E17.6×
P / S1.9×
P / B1.4×
Dividend yield3.81%
Net margin11.0%
Return on equity8.0%
FCF margin-13.9%
Net debt$3.4B
Net debt / EBITDA4.1×
Enterprise value USD$8.1B
EV / EBITDA9.9×
Earnings yield EBIT/EV6.4%
Return on capital5.8%
Graham number -9.1%$75.16

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($75.16); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
9.50% 4.80% 12.20% 10.00% 8.20% 9.70% 11.00% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
15.50% 11.10% 20.10% 18.60% 15.70% 18.80% 21.20% 2016201720182019202020212022202320242025
Return on equity (%)
8.20% 8.10% 9.50% 7.30% 3.50% 10.20% 7.80% 7.50% 7.80% 8.00% 2016201720182019202020212022202320242025
Shares outstanding
45.7M 48.3M 50.7M 51.0M 51.6M 51.7M 52.5M 53.2M 57.7M 59.0M 2016201720182019202020212022202320242025
Net debt ($)
$2.08B $1.99B $1.90B $2.08B $2.42B $2.93B $2.95B $3.55B $3.70B $3.36B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
2.40% 2.50% 3.10% 2.40% 1.10% 2.90% 2.20% 2.10% 2.30% 2.30% 2016201720182019202020212022202320242025
Free cash flow margin (%)
-19.10% -9.10% -16.80% -22.60% -8.30% 2.00% -13.90% 2016201720182019202020212022202320242025
Debt / equity (×)
1.18× 1.00× 0.84× 0.82× 0.96× 1.11× 1.05× 1.22× 1.15× 0.99× 2016201720182019202020212022202320242025
EPS ($)
$3.24 $3.43 $4.33 $3.52 $1.44 $4.96 $3.95 $3.85 $4.19 $4.37 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

SPIRE INC trades at about 18.9× earnings — near its 10-year norm (10-year range 12.7×–38.9×, median 19.4×).

12.7× 38.9×

Shaded band = 10-year range (12.7×–38.9×); dot = today's 18.9×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin21.2%18.8%15.7%18.6%20.1%11.1%15.5%———
Net margin11.0%9.7%8.2%10.0%12.2%4.8%9.5%———
FCF margin-13.9%2.0%-8.3%-22.6%-16.8%-9.1%-19.1%———
Return on assets2.3%2.3%2.1%2.2%2.9%1.1%2.4%3.1%2.5%2.4%
Return on equity8.0%7.8%7.5%7.8%10.2%3.5%7.3%9.5%8.1%8.2%
Debt / equity0.99×1.15×1.22×1.05×1.11×0.96×0.82×0.84×1.00×1.18×
Current ratio0.320.450.610.680.820.410.420.500.660.49

Computed from company filings · US · as of 2025-09-30. Facts plus Stocktoria's own computed scores — not investment advice.