profit from every $100 of sales.

Spire
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2020 to 2025.
You pay $19.33 for every $1 of profit it makes in a year.
of earnings would pay off all its debt.
Money in, money out
What Spire sold, what it kept, and what it did with the cash.
Sales went from $2.20 billion in 2022 to $2.48 billion in 2025, with $272 million of profit last year.
Spire vs. similar companies
Spire grows in the middle of these 5 and is priced in the middle for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
Spire | 19.3× · Fair price | ||
Naturgy Energy Group | 13.7× · Cheap | ||
Snam | 16.3× · Fair price | ||
The Hong Kong and China Gas | 24.3× · Fair price | ||
Osaka Gas | 16.1× · Fair price |
AI analysis
An AI analyst reads Spire's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 1,855 | 2,236 | 2,199 | 2,666 | 2,593 | 2,476 | |
| – | – | 825 | 888 | 982 | 1,029 | |
| 206 | 450 | 408 | 419 | 488 | 524 | |
| 404 | 660 | 637 | 697 | 789 | 834 | |
| 89 | 272 | 221 | 218 | 251 | 272 | |
| 1.44 | 4.96 | 3.95 | 3.85 | 4.19 | 4.37 | |
| – | – | 37.5% | 33.3% | 37.9% | 41.5% | |
| 11.1% | 20.1% | 18.6% | 15.7% | 18.8% | 21.2% | |
| 4.8% | 12.2% | 10.0% | 8.2% | 9.7% | 11.0% |
Balance sheet
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Total assets | 8,241 | 9,356 | 10,084 | 10,314 | 10,861 | 11,575 |
| Cash | 4 | 4 | 7 | 6 | 5 | 6 |
| Total debt | 2,484 | 3,667 | 4,277 | 4,666 | 4,693 | 5,174 |
| Total liabilities | – | – | 7,265 | 7,396 | 7,628 | 8,186 |
| 2,522 | 2,658 | 2,819 | 2,917 | 3,233 | 3,389 | |
| – | – | 52 | 53 | 56 | 59 | |
| 3.3% | 5.6% | 4.4% | 4.6% | 5.1% | 4.9% | |
| 3.5% | 10.2% | 7.8% | 7.5% | 7.8% | 8.0% |
Cash flow
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 470 | 250 | 55 | 440 | 912 | 578 | |
| 638 | 625 | 552 | 663 | 861 | 922 | |
| -169 | -375 | -497 | -222 | 51 | -344 | |
| Dividends paid | – | – | 157 | 166 | 182 | 197 |
| – | – | – | – | – | – | |
| 9 | 14 | 6 | 10 | 6 | 7 |
Valuation
- 19.3×
- 17.1×
- 0.78
- 1.5×
- 2.1×
- –
- 12.5×
- -6.6%
- 5.2%
- 3.7%
Profitability
- 41.5%
- 21.2%
- 11.0%
- 34.6%
- 5.1%
- 4.9%
- 10.4%
- 2.4%
- 4.6%
- –
Growth
- +5.9%
- +24.9%
- −774.0%
- +4.8%
- +4.1%
Financial health
- 6.2×
- 1.53
- 54.2%
- 2.6×
- 0.32
- 0.48
- 0.17
How it ranks in Utilities
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
What analysts expect
- Average price target
- $97.00
- Range
- $87.00 – $102.00
- 2 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| May 6, 2026 | 3.76 | 3.72 | +1.1% |
| Feb 3, 2026 | 1.77 | 1.62 | +9.3% |
| Nov 14, 2025 | -0.47 | -0.40 | −18.9% |
| Aug 5, 2025 | 0.01 | -0.09 | +111.1% |
| Apr 30, 2025 | 3.60 | 3.70 | −2.7% |
| Feb 5, 2025 | 1.34 | 1.42 | −5.6% |
| Nov 20, 2024 | -0.54 | -0.52 | −3.8% |
| Jul 31, 2024 | -0.14 | -0.18 | +22.2% |
Paid per share, each year
$1.87 in 2015 → $3.18 in 2025
How safe it looks
72.5% of its profit
Room to growStretchedMore than it earns: -52.9%
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
1/7Passes 1 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Questions about Spire
Is Spire a good stock to buy?
A business with weak numbers at a fair price. 1 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Spire AI analysis
What does Spire do?
Spire Inc., together with its subsidiaries, 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. It is in Utilities - Regulated Gas, based in Saint Louis, MO, United States, with 3,497 employees.
Does Spire pay a dividend?
Yes. At today's price the dividend is 3.7% a year, about 73% of its yearly profit. In 2025 it paid out $197 million in dividends.
Is Spire stock halal?
No. Spire does not pass our halal screen: its debt is 99% of its market value, at or above the 33% limit. How we check
How has Spire stock done over the past year?
Down 0.9% over the past twelve months, to $88.86. It traded between $75.94 and $95.19 and is 6.6% below its high.
Who are Spire's competitors?
The largest listed companies in the same industry are Naturgy Energy Group, Snam, The Hong Kong and China Gas and Osaka Gas. The peers table on this page compares their profit, growth and price with Spire's.
Prices: daily closes to Nov 9, 2026. Fundamentals: company reports via invest-like data.



