Spire Inc (SR) FinancialsSRSpire Inc

Spire Inc (SR) generates its revenue through a diversified portfolio of business segments. Currently, the largest contributor to its top-line growth is Gas Utility, accounting for 82.7% of total sales, equivalent to $276.40M. Other significant revenue streams include Midstream and Gas Marketing. Understanding this composition is critical for investors evaluating how SR navigates market cycles within the Natural Gas Utilities industry.

Evaluating the bottom line, Spire Inc maintains a gross margin of 53.26%. This metric reflects the company's pricing power and manufacturing efficiency. Further down the income statement, the operating margin stands at 5.57%, while the net margin is -10.14%. These profitability ratios, combined with a Return on Equity (ROE) of 7.88%, provide a clear picture of how effectively SR converts its operational activities into shareholder value.

In the context of the broader market, SR competes directly with industry leaders such as OGS and BIPC. With a market capitalization of $4.75B, it holds a significant position in the sector. When comparing efficiency, SR's gross margin of 53.26% stands against OGS's 59.55% and BIPC's 60.85%. Such benchmarking helps identify whether Spire Inc is trading at a premium or discount relative to its financial performance.

Spire has demonstrated strong financial performance with a net income of $211.2 million in Q3 2026, significantly up from $20.9 million in the same quarter last year. The company also reaffirmed its fiscal 2026 adjusted EPS guidance of $3.90–$4.10, aligning with analyst expectations.