SR Stock Analysis: Spire | NYSE
Utilities - Regulated Gas | NYSE, USA | Market Cap: 4.924m USD | 12M Return: 10% | US84857L1017 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 36.3M
EPS Trend: 90.2%
Qual. Beats: 0
Rev. Trend: -59.4%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Spire Inc. (NYSE: SR) is a U.S.-based natural gas company that purchases, distributes, and sells natural gas to residential, commercial, industrial, and other end-users. Founded in 1857 and headquartered in Saint Louis, Missouri, the company was formerly known as The Laclede Group, Inc. before adopting its current name in April 2016. Spire operates through three business segments: Gas Utility, Gas Marketing, and Midstream, covering the full natural gas value chain from procurement and transportation through retail delivery. In addition to its core gas activities, the company operates a propane pipeline and engages in related risk management and storage services.
As a mid-cap stock in the Utilities sector (GICS Sub Industry: Gas Utilities), Spire combines regulated utility operations with unregulated marketing and midstream activities. This structure is typical of diversified gas utilities, where the Gas Utility segment generally operates under state-regulated rate structures that provide stable, predictable revenue, while the Gas Marketing and Midstream segments are more market-driven and exposed to commodity price and volume risk.
- Missouri rate case decisions expand allowed utility return
- Winter heating demand drives gas marketing segment margins
- Midstream storage expansion projects boost fee-based revenue
| Net Income: 548.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: -14.4k > 0.02 and ΔFCF/TA -1.44m > 1.0 |
| NWC/Revenue: -114.7% < 20% (prev -53.63%; Δ -61.10% < -1%) |
| CFO/TA 43.2k > 3% & CFO 608.7m > Net Income 548.3m |
| Net Debt (5.76b) to EBITDA (871.3m): 6.61 < 3 |
| Current Ratio: 0.00 > 1.5 & < 3 |
| Outstanding Shares: last quarter (59.1m) vs 12m ago 0.0% < -2% |
| Gross Margin: 32.70% > 18% (prev 42.77%; Δ -10.07% > 0.5%) |
| Asset Turnover: 44.51% > 50% (prev 21.38%; Δ 23.14% > 0%) |
| Interest Coverage Ratio: 2.00 > 6 (EBIT TTM 533.7m / Interest Expense TTM 267.4m) |
| A: -207k (Total Current Assets 789.9 - Total Current Liabilities 2.91b) / Total Assets 14.1k |
| B: 0.11 (Retained Earnings 1.52k / Total Assets 14.1k) |
| C: 0.09 (EBIT TTM 533.7m / Avg Total Assets 5.70b) |
| D: 0.75 (Book Value of Equity 3.58k / Total Liabilities 4.75k) |
| Altman-Z'' = -1.35m = D |
| DSRI: 0.10 (Receivables 292.6/376.3m, Revenue 2.54b/2.44b) |
| GMI: 1.31 (GM 42.77% / 32.70%) |
| AQI: 1.20 (AQ_t 0.31 / AQ_t-1 0.26) |
| SGI: 1.04 (Revenue 2.54b / 2.44b) |
| TATA: -4.29k (NI 548.3m - CFO 608.7m) / TA 14.1k) |
| Beneish M = -462.0 (Cap -4..+1) = AAA |
As of August 24, 2026, the stock is trading at USD 80.92 with a total of 518,278 shares traded. Over the past week, the price has changed by -2.32%, over one month by -1.92%, over three months by -5.19% and over the past year by +9.99%.
Current recommended Stop Loss: 78.30 (which is 3.2% or 1.5 ATR below the current price).
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 | 93.2 | 15.2% |
P/E Trailing = 18.4701
P/E Forward = 14.9031
P/S = 1.8453
P/B = 1.3779
P/EG = 2.4549
Revenue TTM = 2.54b USD
EBIT TTM = 533.7m USD
EBITDA TTM = 871.3m USD
Long Term Debt = 5.76b USD (from longTermDebt, last quarter)
Short Term Debt = 1.50k USD (from shortTermDebt, last quarter)
Debt = 5.76b USD (corrected: LT Debt 5.76b + ST Debt 1.50k)
Net Debt = 5.76b USD (calculated: Debt 5.76b - CCE 20.70)
Enterprise Value = 10.7b USD (4.92b + Debt 5.76b - CCE 20.70)
Interest Coverage Ratio = 2.00 (Ebit TTM 533.7m / Interest Expense TTM 267.4m)
EV/FCF = -52.65x (Enterprise Value 10.7b / FCF TTM -202.9m)
FCF Yield = -1.90% (FCF TTM -202.9m / Enterprise Value 10.7b)
FCF Margin = -8.00% (FCF TTM -202.9m / Revenue TTM 2.54b)
Net Margin = 21.62% (Net Income TTM 548.3m / Revenue TTM 2.54b)
Gross Margin = 32.70% ((Revenue TTM 2.54b - Cost of Revenue TTM 1.71b) / Revenue TTM)
Gross Margin QoQ = 5.57% (prev 37.90%)
Tobins Q-Ratio = 758k (set to none) (Enterprise Value 10.7b / Total Assets 14.1k)
Interest Expense / Debt = 4.64% (Interest Expense 267.4m / Debt 5.76b)
Taxrate = 16.26% (44.7m / 274.9m)
NOPAT = 446.9m (EBIT 533.7m * (1 - 16.26%))
Current Ratio = 0.00 (Total Current Assets 789.9 / Total Current Liabilities 2.91b)
Debt / Equity = 1.61m (out of range, set to none) (Debt 5.76b / totalStockholderEquity, last quarter 3.58k)
Debt / EBITDA = 6.61 (Net Debt 5.76b / EBITDA 871.3m)
Debt / FCF = -28.38 (negative FCF - burning cash) (Net Debt 5.76b / FCF TTM -202.9m)
Total Stockholder Equity = 2.56b (last 4 quarters mean from totalStockholderEquity)
RoA = 9.62% (Net Income 548.3m / Total Assets 14.1k)
RoE = 21.42% (Net Income TTM 548.3m / Total Stockholder Equity 2.56b)
RoCE = 6.42% (EBIT 533.7m / Capital Employed (Equity 2.56b + L.T.Debt 5.76b))
RoIC = 3.33m% (out of range, set to none) (NOPAT 446.9m / Invested Capital 13.4k)
WACC = 4.90% (E(4.92b)/V(10.7b) * Re(6.08%) + D(5.76b)/V(10.7b) * Rd(4.64%) * (1-Tc(0.16)))
Discount Rate = 6.08% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 87.99 | Cagr: 2.50%
[DCF] Fair Price = unknown (Cash Flow -202.9m)
EPS Correlation: 90.18 | EPS CAGR: 9.87% | SUE: -0.25 | # QB: 0
Revenue Correlation: -59.36 | Revenue CAGR: -1.93% | SUE: 0.15 | # QB: 0
EPS current Quarter (2026-12-31): EPS=1.87 | Chg30d=-1.47% | Revisions=+40% | Analysts=5
EPS current Year (2026-09-30): EPS=4.02 | Chg30d=-0.11% | Revisions=-25% | GrowthEPS=-9.5% | GrowthRev=+6.3%
EPS next Year (2027-09-30): EPS=5.50 | Chg30d=-0.46% | Revisions=-57% | GrowthEPS=+36.9% | GrowthRev=+14.1%
[Analyst] Revisions Ratio: -30% (up=2, down=5)