Spire Inc. (SR) reported $2.54B of revenue for the twelve months ended Mar 31, 2026. That is up 7.9% from the year before. Revenue for fiscal 2025 was $2.48B.

Yes. Spire Inc. earned $358.30M in net income for the twelve months ended Mar 31, 2026, a net margin of 14.1%.

How much cash and debt does SR have?

Spire Inc. reported $49.50M in cash and cash equivalents and $7.72B of debt on its most recent balance sheet in SEC filings.

How fast is SR revenue growing?

Spire Inc.'s revenue changed -4.5% in fiscal 2025, to $2.48B. Its compound annual growth rate was +5.9% over 5 years and +2.3% over 10 years.

What is SR free cash flow?

Spire Inc. generated -$222.60M of free cash flow for the twelve months ended Mar 31, 2026, which is operating cash flow of $615.60M less capital expenditures.

When did SR last report financial results?

The latest statements here come from Spire Inc.'s 10-Q filed on May 6, 2026, covering the period ended Mar 31, 2026.

Where does this SR financial data come from?

Quantisnow builds these statements from the structured XBRL data Spire Inc. files with the SEC. It is provided for information only and is not investment advice.

Financials · SR

Spire Inc. (SR) financials

For the twelve months ended Mar 31, 2026, Spire Inc. reported $2.54B of revenue and $358.30M of net income.

Revenue, TTM: $2.54B
Revenue growth, YoY: +7.9%
Net income, TTM: $358.30M
Net income growth, YoY: +42.1%
Net margin: 14.1%
Free cash flow, TTM: -$222.60M
Cash: $49.50M
Total debt: $7.72B
P/E: 14.65
P/S: 2.07
Market cap: $5.25B

Annual revenue$2.48B

FY2016FY2025

Annual net income$271.70M

FY2016FY2025

Annual free cash flow-$344.40M

FY2016FY2025

SR revenue and earnings growth

SR revenueQ2 2026$1.02B

Quarter YoY: +4.5%
QoQ: +33.8%
FY YoY: -4.5%
5Y CAGR: +5.9%
10Y CAGR: +2.3%

SR revenue was $1.02B in fiscal Q2 2026 (ended Mar 31, 2026), up 4.5% from a year earlier and up 33.8% from the prior quarter. For the full fiscal 2025 it was $2.48B, down 4.5% from fiscal 2024. Compound annual growth was +5.9% over 5 years and +2.3% over 10 years. It rose in 4 of the last 10 fiscal years.

SR net incomeQ2 2026$282.20M

Quarter YoY: +34.8%
QoQ: +197.1%
FY YoY: +8.3%
5Y CAGR: +25.1%
10Y CAGR: +7.1%

SR net income was $282.20M in fiscal Q2 2026 (ended Mar 31, 2026), up 34.8% from a year earlier and up 197.1% from the prior quarter. For the full fiscal 2025 it was $271.70M, up 8.3% from fiscal 2024. Compound annual growth was +25.1% over 5 years and +7.1% over 10 years. It rose in 6 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

SR EPSQ2 2026$4.60

Quarter YoY: +31.1%
QoQ: +198.7%
FY YoY: +4.3%

SR diluted EPS was $4.60 in fiscal Q2 2026 (ended Mar 31, 2026), up 31.1% from a year earlier and up 198.7% from the prior quarter. For the full fiscal 2025 it was $4.37, up 4.3% from fiscal 2024.

SR free cash flowQ2 2026$218.20M

Quarter YoY: +41.6%

SR free cash flow was $218.20M in fiscal Q2 2026 (ended Mar 31, 2026), up 41.6% from a year earlier. For the full fiscal 2025 it was -$344.40M, compared with $51.10M in fiscal 2024.

Export CSV

Income statement

Income statement
Line item	FY2025 Sep 30, 2025	FY2024 Sep 30, 2024	FY2023 Sep 30, 2023	FY2022 Sep 30, 2022	FY2021 Sep 30, 2021	FY2020 Sep 30, 2020	FY2019 Sep 30, 2019	FY2018 Sep 30, 2018	FY2017 Sep 30, 2017	FY2016 Sep 30, 2016
Revenue	$2.48B	$2.59B	$2.67B	$2.20B	$2.24B	$1.86B	$1.95B	$1.97B	$1.74B	$1.54B
Cost of revenue	$1.02B	$1.23B	$1.39B	-	-	-	-	-	-	-
Gross profit	$1.46B	$1.36B	$1.27B	-	-	-	-	-	-	-
Operating income	$523.90M	$488.30M	$418.60M	$408.20M	$450.20M	$206.40M	$302.30M	$294.10M	$340.90M	$282.30M
Interest expense	$204.10M	$201.10M	$185.70M	$119.80M	$106.60M	$105.50M	$104.40M	$98.40M	$89.10M	$77.20M
Pre-tax income	$331.40M	$309.60M	$256.30M	$279.70M	$340.20M	$101.00M	$219.10M	$187.70M	$239.20M	$213.70M
Income tax	$59.70M	$58.70M	$38.80M	$58.90M	$68.50M	$12.40M	$34.50M	-$26.50M	$77.60M	$69.50M
Net income	$271.70M	$250.90M	$217.50M	$220.80M	$271.70M	$88.60M	$184.60M	$214.20M	$161.60M	$144.20M
EPS, basic	$4.39	$4.20	$3.86	$3.96	$4.97	$1.44	$3.53	$4.35	$3.44	$3.26
EPS, diluted	$4.37	$4.19	$3.85	$3.95	$4.96	$1.44	$3.52	$4.33	$3.43	$3.24
Diluted shares	58.7	56.3	52.6	52.1M	51.7M	51.3M	50.8M	49.3M	47.0M	44.3M

Balance sheet

Balance sheet
Line item	FY2025 Sep 30, 2025	FY2024 Sep 30, 2024	FY2023 Sep 30, 2023	FY2022 Sep 30, 2022	FY2021 Sep 30, 2021	FY2020 Sep 30, 2020	FY2019 Sep 30, 2019	FY2018 Sep 30, 2018	FY2017 Sep 30, 2017	FY2016 Sep 30, 2016
Cash and equivalents	$5.70M	$4.50M	$5.60M	$6.50M	$4.30M	$4.10M	$5.80M	$4.40M	$7.40M	$5.20M
Current assets	$807.90M	$771.30M	$1.08B	$1.59B	$1.32B	$590.60M	$614.50M	$659.60M	$725.50M	$569.60M
Goodwill	$1.17B	$1.17B	$1.17B	$1.17B	$1.17B	$1.17B	$1.17B	$1.17B	$1.17B	$1.16B
Total assets	$11.58B	$10.86B	$10.31B	$10.08B	$9.36B	$8.24B	$7.62B	$6.84B	$6.55B	$6.06B
Current liabilities	$2.55B	$1.70B	$1.76B	$2.35B	$1.61B	$1.45B	$1.47B	$1.32B	$1.10B	$1.16B
Short-term debt	$1.32B	$42.00M	$156.60M	$281.20M	$55.80M	$60.40M	$40.00M	$175.50M	$477.30M	$398.70M
Long-term debt	$3.37B	$3.70B	$3.55B	$2.96B	$2.94B	$2.42B	$2.08B	$1.90B	$2.00B	$1.82B
Total debt	$4.69B	$3.75B	$3.71B	$3.24B	$2.99B	$2.48B	$2.12B	$2.08B	$2.47B	$2.22B
Total liabilities	-	-	-	-	-	-	-	-	$4.56B	$4.30B
Shareholders' equity	$3.39B	$3.23B	$2.92B	$2.82B	$2.66B	$2.52B	$2.54B	$2.26B	$1.99B	$1.77B

Cash flow

Cash flow
Line item	FY2025 Sep 30, 2025	FY2024 Sep 30, 2024	FY2023 Sep 30, 2023	FY2022 Sep 30, 2022	FY2021 Sep 30, 2021	FY2020 Sep 30, 2020	FY2019 Sep 30, 2019	FY2018 Sep 30, 2018	FY2017 Sep 30, 2017	FY2016 Sep 30, 2016
Operating cash flow	$578.00M	$912.40M	$440.20M	$55.00M	$249.80M	$469.90M	$450.90M	$456.60M	$288.30M	$328.30M
Capital expenditures	$922.40M	$861.30M	$662.50M	$552.20M	$624.80M	$638.40M	$823.30M	$499.40M	$438.10M	$293.30M
Free cash flow	-$344.40M	$51.10M	-$222.30M	-$497.20M	-$375.00M	-$168.50M	-$372.40M	-$42.80M	-$149.80M	$35.00M
Investing cash flow	-$916.40M	-$1.03B	-$695.50M	-$546.70M	-$622.00M	-$631.60M	-$838.30M	-$531.70M	-$433.50M	-$612.70M
Financing cash flow	$344.70M	$123.90M	$260.60M	$500.90M	$379.40M	$160.00M	$371.80M	$89.10M	$147.40M	$275.80M
Dividends paid	$182.20M	$167.10M	$150.70M	$141.90M	$133.20M	$128.00M	$119.00M	$108.70M	$96.20M	$85.20M
Depreciation and amortization	$298.20M	$278.40M	$254.80M	$237.30M	$213.10M	$197.30M	$181.70M	$168.40M	$154.10M	$137.50M

Key ratios

Key ratios
Line item	FY2025 Sep 30, 2025	FY2024 Sep 30, 2024	FY2023 Sep 30, 2023	FY2022 Sep 30, 2022	FY2021 Sep 30, 2021	FY2020 Sep 30, 2020	FY2019 Sep 30, 2019	FY2018 Sep 30, 2018	FY2017 Sep 30, 2017	FY2016 Sep 30, 2016
Revenue growth, YoY	-4.5%	-2.7%	21.3%	-1.7%	20.5%	-5.0%	-0.6%	12.9%	13.2%	-22.2%
Net income growth, YoY	8.3%	15.4%	-1.5%	-18.7%	206.7%	-52.0%	-13.8%	32.5%	12.1%	5.3%
EPS growth, YoY	4.3%	8.8%	-	-20.4%	244.4%	-59.1%	-18.7%	26.2%	5.9%	2.5%
Gross margin	58.8%	52.5%	47.8%	-	-	-	-	-	-	-
Operating margin	21.2%	18.8%	15.7%	18.6%	20.1%	11.1%	15.5%	15.0%	19.6%	18.4%
Net margin	11.0%	9.7%	8.2%	10.0%	12.2%	4.8%	9.5%	10.9%	9.3%	9.4%
Free cash flow margin	-13.9%	2.0%	-8.3%	-22.6%	-16.8%	-9.1%	-19.1%	-2.2%	-8.6%	2.3%
Return on equity	8.0%	7.8%	7.5%	7.8%	10.2%	3.5%	7.3%	9.5%	8.1%	8.2%
Return on assets	2.3%	2.3%	2.1%	2.2%	2.9%	1.1%	2.4%	3.1%	2.5%	2.4%
Current ratio	0.32	0.45	0.61	0.68	0.82	0.41	0.42	0.50	0.66	0.49
Debt to equity	1.38	1.16	1.27	1.15	1.13	0.98	0.83	0.92	1.24	1.26

Income statement

Income statement
Line item	Q2 2026 Mar 31, 2026	Q1 2026 Dec 31, 2025	Q4 2025* Sep 30, 2025	Q3 2025 Jun 30, 2025	Q2 2025 Mar 31, 2025	Q1 2025 Dec 31, 2024	Q4 2024* Sep 30, 2024	Q3 2024 Jun 30, 2024	Q2 2024 Mar 31, 2024	Q1 2024 Dec 31, 2023	Q4 2023* Sep 30, 2023	Q3 2023 Jun 30, 2023
Revenue	$1.02B	$762.20M	$334.10M	$421.90M	$976.40M	$669.10M	$293.80M	$414.10M	$1.13B	$756.60M	$310.40M	$418.50M
Cost of revenue	-	$342.60M	-	-	-	$296.80M	-	-	-	-	-	-
Gross profit	-	$419.60M	-	-	-	$372.30M	-	-	-	-	-	-
Operating income	$303.50M	$173.50M	-$500.0K	$69.20M	$277.90M	$148.80M	$19.80M	$30.70M	$298.60M	$139.20M	-$3.90M	$12.00M
Interest expense	$62.60M	$60.40M	$58.80M	$49.90M	$45.30M	$48.00M	$49.50M	$48.80M	$52.20M	$50.60M	$48.20M	$46.70M
Pre-tax income	$270.30M	$118.40M	-$55.90M	$23.90M	$235.60M	$101.40M	-$34.50M	-$15.70M	$253.70M	$106.10M	-$48.00M	-$28.40M
Income tax	$52.70M	$23.40M	-$16.10M	$3.00M	$46.30M	$20.10M	-$8.60M	-$3.10M	$49.40M	$21.00M	-$16.90M	-$6.80M
Net income	$282.20M	$95.00M	-$39.80M	$20.90M	$209.30M	$81.30M	-$25.90M	-$12.60M	$204.30M	$85.10M	-$31.10M	-$21.60M
EPS, basic	$4.61	$1.55	-	$0.29	$3.52	$1.34	-	-$0.28	$3.59	$1.52	-	-$0.48
EPS, diluted	$4.60	$1.54	-	$0.29	$3.51	$1.34	-	-$0.28	$3.58	$1.52	-	-$0.48
Diluted shares	59.2M	59.2M	-	59.1M	58.5M	57.9M	-	57.7M	55.9M	53.6M	-	52.5M

Balance sheet

Balance sheet
Line item	Q2 2026 Mar 31, 2026	Q1 2026 Dec 31, 2025	Q4 2025* Sep 30, 2025	Q3 2025 Jun 30, 2025	Q2 2025 Mar 31, 2025	Q1 2025 Dec 31, 2024	Q4 2024* Sep 30, 2024	Q3 2024 Jun 30, 2024	Q2 2024 Mar 31, 2024	Q1 2024 Dec 31, 2023	Q4 2023* Sep 30, 2023	Q3 2023 Jun 30, 2023
Cash and equivalents	$49.50M	$4.10M	$5.70M	$13.10M	$15.20M	$11.50M	$4.50M	$7.40M	$25.60M	$4.80M	$5.60M	$5.30M
Current assets	$1.59B	$1.04B	$807.90M	$780.10M	$908.00M	$988.00M	$771.30M	$825.80M	$1.01B	$1.22B	$1.08B	$861.20M
Goodwill	$1.89B	$1.17B	$1.17B	$1.17B	$1.17B	$1.17B	$1.17B	$1.17B	$1.17B	$1.17B	$1.17B	$1.17B
Total assets	$14.67B	$11.88B	$11.58B	$11.40B	$11.35B	$11.28B	$10.86B	$10.71B	$10.71B	$10.63B	$10.31B	$10.04B
Current liabilities	$2.91B	$1.71B	$2.55B	$2.09B	$2.11B	$1.99B	$1.70B	$1.71B	$1.65B	$2.21B	$1.76B	$1.53B
Short-term debt	$1.96B	$412.00M	$1.32B	$1.01B	$1.01B	$1.16B	$42.00M	$771.00M	$786.00M	$1.05B	$156.60M	$557.60M
Long-term debt	$5.76B	$4.45B	$3.37B	$3.50B	$3.35B	$3.70B	$3.70B	$3.42B	$3.42B	$3.25B	$3.55B	$3.55B
Total debt	$7.72B	$4.86B	$4.69B	$4.51B	$4.36B	$4.86B	$3.75B	$4.19B	$4.21B	$4.30B	$3.71B	$4.11B
Shareholders' equity	$3.42B	$3.43B	$3.39B	$3.48B	$3.51B	$3.31B	$3.23B	$3.33B	$3.39B	$3.05B	$2.92B	$2.93B

Cash flow

Cash flow
Line item	Q2 2026 Mar 31, 2026	Q1 2026 Dec 31, 2025	Q4 2025* Sep 30, 2025	Q3 2025 Jun 30, 2025	Q2 2025 Mar 31, 2025	Q1 2025 Dec 31, 2024	Q4 2024* Sep 30, 2024	Q3 2024 Jun 30, 2024	Q2 2024 Mar 31, 2024	Q1 2024 Dec 31, 2023	Q4 2023* Sep 30, 2023	Q3 2023 Jun 30, 2023
Operating cash flow	$410.40M	$81.00M	-$4.90M	$129.10M	$372.70M	$81.10M	$82.90M	$270.10M	$489.40M	$70.00M	$36.10M	$224.20M
Capital expenditures	$192.20M	$202.80M	$222.70M	$220.50M	$218.60M	$260.60M	$229.80M	$222.20M	$182.80M	$226.50M	$179.20M	$175.50M
Free cash flow	$218.20M	-$121.80M	-$227.60M	-$91.40M	$154.10M	-$179.50M	-$146.90M	$47.90M	$306.60M	-$156.50M	-$143.10M	$48.70M
Investing cash flow	-$2.67B	-$201.30M	-$219.70M	-$219.40M	-$217.20M	-$260.10M	-$225.20M	-$218.10M	-$358.70M	-$225.20M	-$179.10M	-$175.70M
Financing cash flow	$2.30B	$119.00M	$217.70M	$92.40M	-$151.40M	$186.00M	$143.50M	-$64.70M	-$109.60M	$154.70M	$143.80M	-$44.70M
Dividends paid	$48.90M	$47.20M	$46.40M	$45.80M	$45.40M	$44.60M	$42.80M	$43.80M	$41.70M	$38.80M	$38.20M	$38.00M
Depreciation and amortization	$84.50M	$81.40M	$76.50M	$75.70M	$72.40M	$72.30M	$71.10M	$71.40M	$68.90M	$67.00M	$65.80M	$64.30M

Key ratios

Key ratios
Line item	Q2 2026 Mar 31, 2026	Q1 2026 Dec 31, 2025	Q4 2025* Sep 30, 2025	Q3 2025 Jun 30, 2025	Q2 2025 Mar 31, 2025	Q1 2025 Dec 31, 2024	Q4 2024* Sep 30, 2024	Q3 2024 Jun 30, 2024	Q2 2024 Mar 31, 2024	Q1 2024 Dec 31, 2023	Q4 2023* Sep 30, 2023	Q3 2023 Jun 30, 2023
Revenue growth, YoY	4.5%	13.9%	13.7%	1.9%	-13.5%	-11.6%	-5.3%	-1.1%	0.5%	-7.1%	-61.9%	-6.6%
Net income growth, YoY	34.8%	16.9%	-	-	2.4%	-4.5%	-	-	14.0%	-6.5%	-	-
EPS growth, YoY	31.1%	14.9%	-	-	-2.0%	-11.8%	-	-	7.5%	-8.4%	-	-
Gross margin	-	55.1%	-	-	-	55.6%	-	-	-	-	-	-
Operating margin	29.8%	22.8%	-0.1%	16.4%	28.5%	22.2%	6.7%	7.4%	26.5%	18.4%	-1.3%	2.9%
Net margin	27.7%	12.5%	-11.9%	5.0%	21.4%	12.2%	-8.8%	-3.0%	18.1%	11.2%	-10.0%	-5.2%
Free cash flow margin	21.4%	-16.0%	-68.1%	-21.7%	15.8%	-26.8%	-50.0%	11.6%	27.2%	-20.7%	-46.1%	11.6%
Current ratio	0.55	0.61	0.32	0.37	0.43	0.50	0.45	0.48	0.61	0.55	0.61	0.56
Debt to equity	2.26	1.42	1.38	1.30	1.24	1.47	1.16	1.26	1.24	1.41	1.27	1.40

Source: XBRL data Spire Inc. files with the SEC, latest filing dated May 6, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

SR peers

Company	Revenue	Growth	Net income	Net margin	Market cap
SR	$2.54B	+7.9%	$358.30M	14.1%	$5.25B
SOSouthern Company	$30.17B	+7.9%	$4.34B	14.4%	$106.22B
AEEAmeren Corporation	$8.75B	+3.8%	$1.56B	17.9%	$31.24B
AWKAmerican Water Works Company Inc.	$5.34B	+5.3%	$1.14B	21.3%	$29.92B

SR FAQ

7 questions

What is SR revenue?
Spire Inc. (SR) reported $2.54B of revenue for the twelve months ended Mar 31, 2026. That is up 7.9% from the year before. Revenue for fiscal 2025 was $2.48B.
Is SR profitable?
Yes. Spire Inc. earned $358.30M in net income for the twelve months ended Mar 31, 2026, a net margin of 14.1%.
How much cash and debt does SR have?
Spire Inc. reported $49.50M in cash and cash equivalents and $7.72B of debt on its most recent balance sheet in SEC filings.
How fast is SR revenue growing?
Spire Inc.'s revenue changed -4.5% in fiscal 2025, to $2.48B. Its compound annual growth rate was +5.9% over 5 years and +2.3% over 10 years.
What is SR free cash flow?
Spire Inc. generated -$222.60M of free cash flow for the twelve months ended Mar 31, 2026, which is operating cash flow of $615.60M less capital expenditures.
When did SR last report financial results?
The latest statements here come from Spire Inc.'s 10-Q filed on May 6, 2026, covering the period ended Mar 31, 2026.
Where does this SR financial data come from?
Quantisnow builds these statements from the structured XBRL data Spire Inc. files with the SEC. It is provided for information only and is not investment advice.