21.16% operating margin is above average. ROIC at 5.58%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue declined 4.5% YoY. The question is whether this is cyclical or a structural shift.
At 39x earnings, the current multiple leaves limited room for execution misses or growth deceleration. Free cash flow declined 774% versus the prior year, cash generation momentum has weakened.
38.6x earnings. Not cheap, the quality is already reflected in the price. Upside from here requires either margin expansion or growth re-acceleration, not just continuation.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$2.61B
▼ -4.5% YoY
Net Income (TTM)
$358M
▲ +8.3% YoY
Op. Margin
21.97%
▲ +2.3pp YoY
ROIC
5.60%
Cash Flow & Balance Sheet
FCF (TTM)
-$223M
▼ -774.0% YoY
Op. Cash Flow (TTM)
$616M
▼ -36.7% YoY
Net Debt
$7.67B
Cash & Equiv.
$50M
5Y CAGR: +5.9%
Continue Research
SourceComputed from the 10-Q filed 6 May 2026, covering the period ending 31 Mar 2026, as reported to the SEC. Data last refreshed 12 Oct 2026. How this is calculated.
Price from market data, last close as of 21 Oct 2026. Fiscal year ends Sep. Sector medians are approximate S&P 500 benchmarks and update periodically.
Is Spire (SR) overvalued?
At a P/E of 38.6, Spire (SR)'s valuation is best read against its own history, its peers, and the growth its price implies. A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Spire scores 27/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 3.9%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
Is Spire a high-quality business?+
Spire scores 27 out of 100 on Intrinsiqq's quality score, a weighted blend of 7 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a 22.0% operating margin and a 5.6% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Does Spire (SR) pay a dividend, and how much?+
Yes, Spire pays a regular dividend of about $3.18 per share per year (typically in quarterly installments), a yield of roughly 3.9% at the current price. That is a payout ratio of about 52.6% of earnings, so the dividend is well covered. Spire has grown the dividend at roughly 8.1% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For SR's full payout history, growth streak and dividend-safety score, see the dividends tab.
Is Spire a good stock to buy right now?+
That depends on valuation and quality together, not either alone. you should weigh SR's valuation and scores 27/100 on quality (lower-quality). It also yields about 3.9%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.
Related stocks: Natural Gas Distribution
Spot a number that looks wrong? Check it in SR's SEC filings or
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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