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Spire Inc
Spire Inc (SR) is listed on NYSE and classified in Utilities - Regulated Gas, part of the Utilities sector. It is headquartered in Saint Louis, United States and has 3,497 employees. The company is worth $5.06B and trades at 24.8x its earnings of the last twelve months; the median for its sector is 20.5x. Revenue was $2.48B in fiscal 2025, down 4.5% from the year before. Net income was $271.7M. The share price is 10.2% below its 52-week high of $95.31. It pays a dividend yielding 3.86%, and has raised its annual dividend for 22 years in a row in our records. 4 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Cliff Asness (AQR Capital Management), at $30.46M. In that quarter, 1 of them opened or added to the position and 1 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +37.1% over 5Y.
today you would have $1,619.40▲ +61.9%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 18 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $82.70 | $67.83 | $62.34 | $68.86 | $65.22 | $64.04 | $83.31 | $74.08 | $75.15 | $64.55 | $59.41 | $53.20 | $45.54 | $38.61 | $40.47 | $36.54 | $33.77 | $46.84 |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 24.9% a year plus a 3.9% dividend yield. Growth capped at 25%.
Median P/E of 20.5 among peers in the sector.
Median P/E of 17.3 across this company’s own years on record.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Sector median of 13.3x operating profit, less net debt. Banks have no EBITDA.
Dividend growing 3.2% a year against a 7.0% required return, from the stock’s beta.
Companies of similar size in Utilities, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| OKLOOklo Inc. | $27.01 | — | 1.5x | 0.00% | -7.70% | $5.02B |
| OGSONE Gas, Inc. | $78.25 | 16.2x | 1.4x | 3.48% | 8.58% | $4.92B |
| PORPortland General Electric Co | $44.90 | 19.4x | 1.3x | 4.92% | 6.45% | $5.28B |
| NWENorthWestern Energy Group, Inc. | $77.13 |
| P/E | 17.3x | 18.9x | 16.2x | 16.2x | 17.4x | 13.1x | 44.5x | 23.7x | 17.1x | 21.9x | 19.9x | 18.8x | 22.6x | 22.5x | 13.8x | 14.2x | 15.0x | 11.7x | 13.2x |
| P/S | 1.5x | 2.0x | 1.5x | 1.2x | 1.6x | 1.5x | 1.8x | 2.2x | 1.9x | 2.1x | 1.9x | 1.3x | 1.4x | 1.5x | 0.8x | 0.6x | 0.5x | 0.4x | 0.5x |
| P/B | 1.5x | 1.4x | 1.2x | 1.1x | 1.3x | 1.3x | 1.3x | 1.7x | 1.7x | 1.8x | 1.7x | 1.6x | 1.5x | 1.4x | 1.4x | 1.6x | 1.5x | 1.4x | 2.1x |
| EPS | $4.37 | $4.19 | $3.85 | $3.95 | $4.96 | $1.44 | $3.52 | $4.33 | $3.43 | $3.24 | $3.16 | $2.35 | $2.02 | $2.79 | $2.86 | $2.43 | $2.89 | $3.56 |
| Dividend yield | 3.89% | 3.85% | 4.50% | 4.68% | 4.03% | 4.04% | 3.93% | 2.88% | 3.08% | 2.84% | 3.09% | 3.15% | 3.35% | 3.77% | 4.33% | 4.03% | 4.35% | 4.59% | 3.22% |
| Payout | 63.88% | 72.77% | 72.79% | 75.71% | 70.25% | 53.13% | 174.93% | 68.24% | 52.70% | 62.33% | 61.57% | 59.18% | 75.74% | 84.90% | 59.86% | 56.99% | 65.43% | 53.63% | 42.42% |
| Profit margin | 7.54% | 10.97% | 9.68% | 8.16% | 10.04% | 12.15% | 4.78% | 9.46% | 10.90% | 9.28% | 9.38% | 6.93% | 5.20% | 5.19% | 5.56% | 3.98% | 3.11% | 3.39% | 3.53% |
| ROE | 8.14% | 8.02% | 7.76% | 7.46% | 7.83% | 10.22% | 3.51% | 7.26% | 9.50% | 8.12% | 8.16% | 8.70% | 5.61% | 5.05% | 10.41% | 11.13% | 10.09% | 12.43% | 16.02% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
6 methods answered, across 3 families.
Room for errors in the reported numbers.
+0.9% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 27.8x |
| 1.6x |
| 3.47% |
| 5.93% |
| $4.74B |
| ORAOrmat Technologies Inc | $88.10 | 43.2x | 2.1x | 0.54% | 4.78% | $5.42B |
| NJRNew Jersey Resources Corp | $53.63 | 14.4x | 2.1x | 3.73% | 14.45% | $5.44B |