SR Stock Analysis: Spire | NYSE
Utilities - Regulated Gas | NYSE, USA | Market Cap: 5.203m USD | 12M Return: 4.2% | US84857L1017 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 42.6M
EPS Trend: 90.2%
Qual. Beats: 0
Rev. Trend: -59.4%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 11.7 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 natural gas-focused utility company headquartered in Saint Louis, Missouri, with origins dating back to 1857. The company operates through three segments: Gas Utility, Gas Marketing, and Midstream, serving residential, commercial, industrial, and other end-users across the United States. Beyond core gas distribution, Spire is involved in natural gas marketing, transportation and storage, and operates a propane pipeline along with related risk management activities. The company rebranded from The Laclede Group to Spire Inc. in April 2016.
As a mid-cap utility with a market capitalization of approximately $4.5 billion, Spire operates in the regulated Gas Utilities sub-industry, where revenue is largely driven by rate-regulated distribution services. The diversified segment structure, combining regulated utility operations with marketing and midstream assets, reflects a vertically integrated business model common among U.S. natural gas companies seeking to balance stable, rate-based returns with higher-margin commercial activities.
- Missouri rate case ruling boosts utility margin recovery
- Cold winter weather lifts residential gas distribution volumes
- Midstream pipeline expansion drives storage revenue growth
| Net Income: 548.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.01 > 0.02 and ΔFCF/TA 0.87 > 1.0 |
| NWC/Revenue: -52.93% < 20% (prev -53.63%; Δ 0.70% < -1%) |
| CFO/TA 0.04 > 3% & CFO 608.7m > Net Income 548.3m |
| Net Debt (7.24b) to EBITDA (871.2m): 8.31 < 3 |
| Current Ratio: 0.37 > 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: 19.90% > 50% (prev 21.38%; Δ -1.47% > 0%) |
| Interest Coverage Ratio: 2.00 > 6 (EBIT TTM 533.7m / Interest Expense TTM 267.4m) |
| A: -0.10 (Total Current Assets 789.9m - Total Current Liabilities 2.13b) / Total Assets 14.1b |
| B: 0.11 (Retained Earnings 1.52b / Total Assets 14.1b) |
| C: 0.04 (EBIT TTM 533.7m / Avg Total Assets 12.7b) |
| D: 0.34 (Book Value of Equity 3.58b / Total Liabilities 10.5b) |
| Altman-Z'' = 0.37 = B |
| DSRI: 0.70 (Receivables 275.0m/376.3m, Revenue 2.54b/2.44b) |
| GMI: 1.31 (GM 42.77% / 32.70%) |
| AQI: 1.05 (AQ_t 0.27 / AQ_t-1 0.26) |
| SGI: 1.04 (Revenue 2.54b / 2.44b) |
| TATA: -0.00 (NI 548.3m - CFO 608.7m) / TA 14.1b) |
| Beneish M = -2.93 (Cap -4..+1) = A |
As of November 07, 2026, the stock is trading at USD 88.81 with a total of 416,392 shares traded. Over the past week, the price has changed by +0.92%, over one month by +13.61%, over three months by +10.98% and over the past year by +4.16%.
Current recommended Stop Loss: 86.20 (which is 2.9% or 1.4 ATR below the current price).
Spire has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy SR.
- StrongBuy: 5
- Buy: 1
- Hold: 5
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 91 | 2.5% |
P/E Trailing = 25.5101
P/E Forward = 14.9031
P/S = 1.9497
P/B = 1.4662
P/EG = 2.4549
Revenue TTM = 2.54b USD
EBIT TTM = 533.7m USD
EBITDA TTM = 871.2m USD
Long Term Debt = 5.76b USD (from longTermDebt, last quarter)
Short Term Debt = 1.50b USD (from shortTermDebt, last quarter)
Debt = 7.26b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 7.24b USD (calculated: Debt 7.26b - CCE 20.7m)
Enterprise Value = 12.4b USD (5.20b + Debt 7.26b - CCE 20.7m)
Interest Coverage Ratio = 2.00 (Ebit TTM 533.7m / Interest Expense TTM 267.4m)
EV/FCF = -61.32x (Enterprise Value 12.4b / FCF TTM -202.9m)
FCF Yield = -1.63% (FCF TTM -202.9m / Enterprise Value 12.4b)
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 = 0.88 (Enterprise Value 12.4b / Total Assets 14.1b)
Interest Expense / Debt = 3.68% (Interest Expense 267.4m / Debt 7.26b)
Taxrate = 16.26% (44.7m / 274.9m)
NOPAT = 446.9m (EBIT 533.7m * (1 - 16.26%))
Current Ratio = 0.37 (Total Current Assets 789.9m / Total Current Liabilities 2.13b)
Debt / Equity = 2.03 (Debt 7.26b / totalStockholderEquity, last quarter 3.58b)
Debt / EBITDA = 8.31 (Net Debt 7.24b / EBITDA 871.2m)
Debt / FCF = -35.68 (negative FCF - burning cash) (Net Debt 7.24b / FCF TTM -202.9m)
Total Stockholder Equity = 3.46b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.30% (Net Income 548.3m / Total Assets 14.1b)
RoE = 15.87% (Net Income TTM 548.3m / Total Stockholder Equity 3.46b)
RoCE = 5.79% (EBIT 533.7m / Capital Employed (Equity 3.46b + L.T.Debt 5.76b))
RoIC = 3.33% (NOPAT 446.9m / Invested Capital 13.4b)
WACC = 4.18% (E(5.20b)/V(12.5b) * Re(5.70%) + D(7.26b)/V(12.5b) * Rd(3.68%) * (1-Tc(0.16)))
Discount Rate = 5.70% (= 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=1.89 | Chg30d=+0.75% | Revisions=-25% | Analysts=5
EPS current Year (2026-09-30): EPS=4.01 | Chg30d=-0.04% | Revisions=-17% | GrowthEPS=-9.7% | GrowthRev=+2.3%
EPS next Year (2027-09-30): EPS=5.48 | Chg30d=-0.13% | Revisions=-17% | GrowthEPS=+36.6% | GrowthRev=+16.8%
[Analyst] Revisions Ratio: -30% (up=2, down=5)