Spire (SR)

Utilities · Utilities - Regulated Gas
$78.42 +0.55% on the day Market cap $4.7B 52-week range $74.84 to $95.31 Prices as of Oct 11, 2026

What the price implies

A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.

Spire's free cash flow was negative in fiscal 2025, so a cash-flow reverse DCF doesn't give a meaningful answer. The Modeling tab works from revenue and margins instead.

Fundamental grade

C

Five factors scored 1 to 9 from SR's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.

Valuation7
Profitability6
Growth6
Financial health1
Cash efficiency0

Results from SEC filings

Fiscal years, from Spire's 10-K filings. Ten years of the full income statement, balance sheet and cash flow.

Fiscal year20212022202320242025
Revenue$2.2B$2.2B$2.7B$2.6B$2.5B
Net income$272M$221M$218M$251M$272M
Free cash flow-$375M-$497M-$222M$51M-$344M
EPS (diluted)$4.96$3.95$3.85$4.19$4.37
Operating margin20.1%18.6%15.7%18.8%21.2%

Where the revenue comes from

Revenue by segments, fiscal 2025. Every breakdown, year by year.

Gas Utility$2.2B89%
Gas Marketing$157M6%
Midstream$109M4%

Superinvestors who own SR

From each investor's latest 13F filing (what a 13F shows). 3 of the investors we track hold it.

InvestorLast quarterValue% of portfolioQuarter
Cliff Asness
AQR Capital Management
Trimmed $30M0.01%Q2 2026
Joel Greenblatt
Gotham Asset Management
Trimmed $367,1790.00%Q2 2026
Mario Gabelli
GAMCO Investors
Trimmed $226,4610.00%Q2 2026

Insider buying

Open-market purchases by Spire's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you. Every purchase since records began.

DateInsiderSharesPriceValue
Oct 30, 2025 Lisa C. Mcclain
0$87.44—
Oct 30, 2025 Lisa C. Mcclain
0$87.44—

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In the full deep dive

DCF fair value per share
Yearly return (IRR) at today's price
Growth implied by revenue and margins
15+ years of statements and quarters

Questions

Are Spire insiders buying the stock?

2 open-market insider purchases of SR in the last 12 months, from SEC Form 4 filings.

Which superinvestors own Spire?

3 of the superinvestors Investingly tracks hold SR in their latest 13F, including Cliff Asness, Joel Greenblatt, Mario Gabelli.

Prices and ratios as of Oct 11, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.