Spire Inc (SR) Financial Statements
Industry: Natural Gas Distribution
In fiscal 2025, Spire reported revenue of $2.48B, down 4.5% from $2.59B the year before. Net income was $271.7M (a 11.0% net margin), or $4.37 per diluted share. Gross margin was 58.8% and operating margin was 21.2%. Operating activities generated $578.0M of cash, leaving -$344.4M of free cash flow. At fiscal year end, Spire held $11.58B in total assets against $8.19B in total liabilities, including $5.7M of cash and equivalents.
Open the full interactive Spire financials → Quarterly statements, key ratios, valuation history and price charts.
Spire Key Stats
| Share Price | $80.05 |
|---|---|
| Market Cap | $4.73B |
| P/E Ratio | 18.3 |
| Revenue YoY Growth | -4.5% |
| 52-Week Range | $75.17 – $93.26 |
| Shares Outstanding | 59.0 million (basic, 2026 Q3) |
Spire Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $1.86B | $2.24B | $2.20B | $2.67B | $2.59B | $2.48B |
| Cost of Goods Sold | $1.65B | $1.79B | — | — | — | $1.02B |
| Gross Profit | $206.4M | $450.2M | — | — | — | $1.46B |
| Operating Income | $206.4M | $450.2M | $408.2M | $418.6M | $488.3M | $523.9M |
| Pre-Tax Income | $101.0M | $340.2M | $279.7M | $256.3M | $309.6M | $331.4M |
| Income Tax | $12.4M | $68.5M | $58.9M | $38.8M | $58.7M | $59.7M |
| Net Income | $88.6M | $271.7M | $220.8M | $217.5M | $250.9M | $271.7M |
| Diluted EPS | $1.44 | $4.96 | $3.95 | $3.85 | $4.19 | $4.37 |
Spire Quarterly Results
| 2025 Q4 | 2026 Q1 | 2026 Q2 | 2026 Q3 | |
|---|---|---|---|---|
| Revenue | $334.1M | $762.2M | $1.02B | $420.2M |
| Net Income | -$39.8M | $95.0M | $282.2M | $211.2M |
| Diluted EPS | -$0.68 | $1.54 | $4.60 | $3.57 |
Spire Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $4.1M | $4.3M | $6.5M | $5.6M | $4.5M | $5.7M |
| Current Assets | $590.6M | $1.32B | $1.59B | $1.08B | $771.3M | $807.7M |
| Total Assets | $8.24B | $9.36B | $10.08B | $10.31B | $10.86B | $11.58B |
| Current Liabilities | $1.45B | $1.61B | $2.35B | $1.76B | $1.70B | $2.55B |
| Total Long-Term Debt | $2.48B | $2.99B | $3.24B | $3.71B | $3.75B | $3.86B |
| Total Liabilities | $5.72B | $6.70B | $7.27B | $7.40B | $7.63B | $8.19B |
| Shareholders' Equity | $2.52B | $2.66B | $2.82B | $2.92B | $3.23B | $3.39B |
Spire Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $469.9M | $249.8M | $55.0M | $440.2M | $912.4M | $578.0M |
| Cash From Investing | -$631.6M | -$622.0M | -$546.7M | -$695.5M | -$1.03B | -$916.4M |
| Cash From Financing | $160.0M | $379.4M | $500.9M | $260.6M | $123.9M | $344.7M |
| Free Cash Flow | -$168.5M | -$375.0M | -$497.2M | -$222.3M | $51.1M | -$344.4M |
Figures from Spire's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Spire financials page for every line item.
Spire Company Profile
| Ticker | SR |
|---|---|
| Exchange | NYSE |
| Industry | Natural Gas Distribution |
| Headquarters | St Louis, Missouri |
| Incorporated in | Missouri |
| Fiscal Year End | September 30 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001126956 |
Frequently Asked Questions
What was Spire's revenue in fiscal 2025?
Spire (SR) reported revenue of $2.48B for fiscal 2025.
What is Spire's annual revenue history?
Spire's annual revenue by fiscal year: 2020: $1.86B; 2021: $2.24B; 2022: $2.20B; 2023: $2.67B; 2024: $2.59B; 2025: $2.48B.
What was Spire's net income in fiscal 2025?
Spire reported net income of $271.7M for fiscal 2025.
What was Spire's earnings per share (EPS) in fiscal 2025?
Spire's diluted EPS was $4.37 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Spire generate in fiscal 2025?
Spire generated -$344.4M of free cash flow in fiscal 2025.
What was Spire's revenue last quarter?
In its most recent reported quarter (2026 Q3), Spire reported revenue of $420.2M.
How much debt does Spire have?
Spire reported $3.86B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Spire are outstanding?
Spire reported a weighted average of 59.0 million basic shares outstanding in 2026 Q3.
What is Spire's market cap?
Based on its latest closing price, Spire (SR) has a market capitalization of about $4.73B.
When does Spire's fiscal year end?
Spire's fiscal year end, as registered with the SEC, is September 30.
Where is Spire headquartered?
Spire lists its business address in St Louis, Missouri in its SEC filings.