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SR

Spire
$82.51
-0.46% Oct 21 close
UtilitiesS&P 400 Compare
1M3M6M1Y2Y
-10%-3%+3%+10%+17%Oct 2025Oct 2026Apr 2026
SRSPY
1W
+3.4%
1M
+3.4%
3M
+1.6%
6M
-5.3%
YTD
+2.8%
1Y
-1.2%

Live chart

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What they do

Spire Inc. engages in the purchase, retail distribution, and sale of natural gas to residential, commercial, industrial, and other end-users of natural gas in the United States. The company operates through three segments: Gas Utility, Gas Marketing, and Midstream. It is also involved in the marketing of natural gas and related services; and transportation and storage of natural gas.

Utilities · Utilities - Regulated Gas

For information only · Important disclosures

Grades vs sector

Momentum
27th percentile in sector
D+
12-1 return: -8.4%
Percentile within its GICS sector across the S&P 1500.
Growth
92nd percentile in sector
A
Revenue growth (YoY): +19.2%
Percentile within its GICS sector across the S&P 1500.
Value
68th percentile in sector
B
Forward E/P: 6.7% · EBITDA/EV: 8.0%
Percentile within its GICS sector across the S&P 1500.
Profitability
56th percentile in sector
C+
Profit margin: +20.6% · Return on equity: +8.1%
Percentile within its GICS sector across the S&P 1500.
Revisions
Not enough data yet
–
EPS estimate change, 30 days (current FY): –
30-day change in analysts' current-year EPS estimate; graded across covered stocks.

Our models

Not held by any of our 5 live models right now.

Quality Growth
Outside this model's universe or screens
 Momentum Top 15
Outside this model's universe or screens
 Momentum Blend
Not in the current book
 New Highs Growth
Outside this model's universe or screens
 Coteau Long Book
Not in the current book

News

More news
No recent headlines.

Key stats

52-week range$75.17 – $93.26
Valuation and fundamentals

Valuation & fundamentals

Bottom line
No cash-flow valuation
Model read-out from the numbers below, not advice. Score -1 (DCF counts double).
•Piotroski F-score5/9
▼Net debt / EBITDA9.1x

Discounted cash flow

CyclicalValued on average-cycle margins
Trailing free cash flow is negative or missing, so a cash-flow DCF isn't meaningful by default. You can enter your own assumptions below.
Reverse DCFfor context, not a signal
Trailing free cash flow is zero or negative, so there's no growth rate to solve for. The price is betting on a turnaround to positive cash flow.
Edit assumptions · recalculates instantly
Your value per share–

Free cash flow = operating cash flow − capital spending, trailing 12 months (TTM to 2025-12-31). Growth default: average of 3-year revenue CAGR and latest revenue growth, capped at 30%. Years 6–10 fade linearly to terminal growth. Discount rate = 4.25% risk-free assumption + beta 1.00 (n/a) × 5% equity premium, kept within 7–13%. Bear: lower growth, +1 pt discount, 2% terminal. Bull: higher growth, −1 pt, 3%.

Multiples vs Utilities

P/E (trailing)
sector median 20.8×
 –
Forward P/E
sector median 16.9×
 –
EV / EBITDA
sector median 12.8×
 –
Price / sales
sector median 3.0×
 –
Price / book
sector median 1.9×
 –
FCF yield
sector median 0.1%
 –

Quality & financial health

Gross margin
58.5%
Operating margin
22.4%
FCF margin
-8.7%
Net margin
13.9%
Return on equity
10.5%
Return on invested capital
4.1%
Net debt / EBITDA
9.1×
Current ratio
0.5×
Interest cover
2.5×
Cash conversion (OCF/NI)
1.7×
Piotroski F-score 5/9 · last two fiscal years
✓ Positive net income✓ Positive operating cash flow✓ Return on assets improved✓ Cash flow above net income✓ Long-term debt / assets fell✗ Current ratio improved✗ No share dilution✗ Gross margin improved✗ Asset turnover improved

Analysts

No analyst targets available.

Annual history

FYRevenueNet incomeFree cash flow
2025$2.5B$271.7M$-344.4M
2024$2.6B$250.9M$51.1M
2023$2.7B$217.5M$-222.3M
2022$2.2B$220.8M$-497.2M
2021$2.2B$271.7M$-375.0M
2020$1.9B$88.6M$-168.5M

From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR +4.0%.

Earnings

Next report: –
No EPS history available.
Insider trades
None
None · None
SELL
–

Stats refreshed – ET from Yahoo Finance (yfinance). "–" means the data isn't available. Refresh now

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Independent research · Not investment advice · Important disclosures · Contact desk@coteau.app

Coteau Systematic Strategies publishes stock research and model portfolios. Results are hypothetical unless marked Live. Data: Yahoo Finance (15-min delayed), SEC EDGAR and the House Clerk.

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Beta 0.9 · Oct 21, 2026