(SR) Spire - Overview
Sector: Utilities | Industry: Utilities - Regulated Gas | Exchange: NYSE (USA) | Market Cap: 5.097m USD | Total Return: 20.1% in 12m
Avg Turnover: 30.7M
EPS Trend: 81.9%
Qual. Beats: 0
Rev. Trend: -72.0%
Qual. Beats: 0
Warnings
High Debt while negative Cash Flow
Altman Z'' 0.13 < 1.0 - financial distress zone
Tailwinds
No distinct edge detected
Spire Inc. (NYSE: SR) is a public utility holding company headquartered in St. Louis, Missouri, specializing in the retail distribution, marketing, and storage of natural gas. The company operates through three primary segments: Gas Utility, Gas Marketing, and Midstream, serving residential, commercial, and industrial customers across several states.
As a regulated utility, Spire operates under a business model where rates are overseen by state commissions, providing a predictable revenue structure typical of the infrastructure-heavy utilities sector. The Midstream segment complements this core business by managing pipeline transportation and underground storage facilities, which are essential for balancing seasonal demand fluctuations.
Investors can further evaluate the companys valuation metrics and dividend history by reviewing the detailed financial data available on ValueRay.
- Regulatory rate case outcomes drive utility segment revenue and return on equity
- Infrastructure modernization investments support long-term rate base growth and earnings
- Natural gas price volatility impacts gas marketing segment margins and trading profits
- Interest rate fluctuations influence borrowing costs for capital-intensive utility infrastructure projects
- Winter weather patterns dictate seasonal demand and residential natural gas consumption volumes
| Net Income: 358.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.01 > 0.02 and ΔFCF/TA -0.29 > 1.0 |
| NWC/Revenue: -52.07% < 20% (prev -49.61%; Δ -2.46% < -1%) |
| CFO/TA 0.04 > 3% & CFO 615.6m > Net Income 358.3m |
| Net Debt (7.91b) to EBITDA (877.1m): 9.01 < 3 |
| Current Ratio: 0.55 > 1.5 & < 3 |
| Outstanding Shares: last quarter (59.2m) vs 12m ago 1.20% < -2% |
| Gross Margin: 39.17% > 18% (prev 0.41%; Δ 3.88k% > 0.5%) |
| Asset Turnover: 19.51% > 50% (prev 21.40%; Δ -1.89% > 0%) |
| Interest Coverage Ratio: 2.41 > 6 (EBITDA TTM 877.1m / Interest Expense TTM 231.7m) |
| A: -0.09 (Total Current Assets 1.59b - Total Current Liabilities 2.91b) / Total Assets 14.7b |
| B: 0.09 (Retained Earnings 1.35b / Total Assets 14.7b) |
| C: 0.04 (EBIT TTM 559.0m / Avg Total Assets 13.0b) |
| D: 0.13 (Book Value of Equity 1.43b / Total Liabilities 11.2b) |
| Altman-Z'' = 0.13 = B |
| DSRI: 0.79 (Receivables 466.8m/567.3m, Revenue 2.54b/2.43b) |
| GMI: 1.05 (GM 39.17% / 41.19%) |
| AQI: 0.99 (AQ_t 0.26 / AQ_t-1 0.26) |
| SGI: 1.05 (Revenue 2.54b / 2.43b) |
| TATA: -0.02 (NI 358.3m - CFO 615.6m) / TA 14.7b) |
| Beneish M = -3.14 (Cap -4..+1) = AA |
As of May 25, 2026, the stock is trading at USD 86.79 with a total of 372,272 shares traded.
Over the past week, the price has changed by +1.83%,
over one month by -4.27%,
over three months by -3.03% and
over the past year by +20.09%.
Spire has received a consensus analysts rating of 3.70. Therefore, it is recommended to hold SR.
- StrongBuy: 3
- Buy: 1
- Hold: 6
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 98.8 | 13.8% |
P/E Forward = 17.8253
P/S = 1.9599
P/B = 1.4823
P/EG = 2.4549
Revenue TTM = 2.54b USD
EBIT TTM = 559.0m USD
EBITDA TTM = 877.1m USD
Long Term Debt = 3.37b USD (from longTermDebt, last fiscal year)
Short Term Debt = 2.19b USD (from shortTermDebt, last quarter)
Debt = 7.96b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 7.91b USD (calculated: Debt 7.96b - CCE 49.5m)
Enterprise Value = 13.0b USD (5.10b + Debt 7.96b - CCE 49.5m)
Interest Coverage Ratio = 2.41 (Ebit TTM 559.0m / Interest Expense TTM 231.7m)
EV/FCF = -64.02x (Enterprise Value 13.0b / FCF TTM -203.1m)
FCF Yield = -1.56% (FCF TTM -203.1m / Enterprise Value 13.0b)
FCF Margin = -8.00% (FCF TTM -203.1m / Revenue TTM 2.54b)
Net Margin = 14.12% (Net Income TTM 358.3m / Revenue TTM 2.54b)
Gross Margin = 39.17% ((Revenue TTM 2.54b - Cost of Revenue TTM 1.54b) / Revenue TTM)
Gross Margin QoQ = 37.90% (prev 29.94%)
Tobins Q-Ratio = 0.89 (Enterprise Value 13.0b / Total Assets 14.7b)
Interest Expense / Debt = 2.91% (Interest Expense 231.7m / Debt 7.96b)
Taxrate = 19.50% (52.7m / 270.3m)
NOPAT = 450.0m (EBIT 559.0m * (1 - 19.50%))
Current Ratio = 0.55 (Total Current Assets 1.59b / Total Current Liabilities 2.91b)
Debt / Equity = 2.33 (Debt 7.96b / totalStockholderEquity, last quarter 3.42b)
Debt / EBITDA = 9.01 (Net Debt 7.91b / EBITDA 877.1m)
Debt / FCF = -38.92 (negative FCF - burning cash) (Net Debt 7.91b / FCF TTM -203.1m)
Total Stockholder Equity = 3.43b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.75% (Net Income 358.3m / Total Assets 14.7b)
RoE = 10.45% (Net Income TTM 358.3m / Total Stockholder Equity 3.43b)
RoCE = 8.22% (EBIT 559.0m / Capital Employed (Equity 3.43b + L.T.Debt 3.37b))
RoIC = 3.23% (NOPAT 450.0m / Invested Capital 14.0b)
WACC = 3.83% (E(5.10b)/V(13.1b) * Re(6.15%) + D(7.96b)/V(13.1b) * Rd(2.91%) * (1-Tc(0.19)))
Discount Rate = 6.15% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 93.21 | Cagr: 4.52%
[DCF] Fair Price = unknown (Cash Flow -203.1m)
EPS Correlation: 81.90 | EPS CAGR: 8.35% | SUE: 0.40 | # QB: 0
Revenue Correlation: -71.96 | Revenue CAGR: -2.56% | SUE: -0.00 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.15 | Chg30d=+0.00% | Revisions=-20% | Analysts=1
EPS current Year (2026-09-30): EPS=4.42 | Chg30d=-16.07% | Revisions=N/A | GrowthEPS=-0.4% | GrowthRev=+10.6%
EPS next Year (2027-09-30): EPS=5.62 | Chg30d=-0.71% | Revisions=+0% | GrowthEPS=+27.0% | GrowthRev=+12.0%
[Analyst] Revisions Ratio: -20%