Stocks · Utilities · Regulated Gas

Spire Inc. 6.375% Junior Subord SRJN

$21.31 -0.61% Close, Oct 2, 2026 · NYSE · Market cap $170.5M

Inexpensive vs sectorLow risk

Next earnings report: Nov 25, 2026

Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.

Three things to know

  1. At 4.6× trailing earnings, the shares trade at the lowest P/E of the company's past five years.
  2. Net debt is 6.1× EBITDA, a high level of leverage.
  3. Revenue over the last four quarters was $2.57B, up 2.6% from a year earlier, accelerating from -4.5% a quarter earlier.

PromtFinance scores

Each score is a percentile within the Utilities sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.

Growth42Weak

How fast revenue, earnings and cash flow are growing.

  • Revenue growth (TTM, YoY)Bottom 20%
  • EPS growth (TTM, YoY)Top 30%
  • FCF growth (TTM, YoY)Bottom 9%
  • Revenue growth, 3-year CAGRTop 44%
  • Revenue growth accelerationTop 6%
Quality16Very weak

Returns on capital, margins, earnings quality and balance-sheet strength.

  • Return on invested capitalBottom 50%
  • Gross marginBottom 21%
  • Operating marginBottom 46%
  • Cash conversion (OCF / net income)Bottom 32%
  • Accruals (lower is better)Bottom 26%
  • Net debt / EBITDA (lower is better)Bottom 18%
  • Interest coverTop 37%
Value90Exceptional

How cheap the shares are relative to earnings, cash flow and their own history.

  • Earnings yieldTop 8%
  • Free-cash-flow yieldBottom 7%
  • EBITDA / enterprise valueTop 8%
  • Sales / enterprise valueTop 12%
  • P/E vs own 5-year history (lower is better)Top 13%
Momentum—Not enough data

Strength and persistence of the price trend, including versus the S&P 500.

  • 6-month returnBottom 42%
Revisions95Exceptional

Earnings surprises and analyst sentiment (estimate-revision history is being collected).

  • Average EPS surprise, last 4 quartersTop 12%
  • Consecutive EPS beatsTop 35%
Stability86Strong

Low volatility, shallow drawdowns, low market sensitivity and modest leverage.

  • Volatility, 60 days (lower is better)Top 4%
  • Maximum drawdown, 3 yearsTop 10%
  • Net debt / EBITDA (lower is better)Bottom 18%

What changed

Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).

MeasureBeforeNow
Revenue growth (YoY)-4.5%2.6%↑
EPS growth (YoY)2.1%11.4%↑
Gross margin28.3%29.6%↑
Operating margin19.9%21.4%↑
FCF margin1.1%-11.2%↓

Fundamental momentum

MeasureNow (TTM)Year / quarter beforeSector rank
Revenue growth (TTM, YoY)2.6%-4.5%↑Bottom 20%
EPS growth (TTM, YoY)11.4%2.1%↑Top 30%
Gross margin29.6%28.3%↑Bottom 21%
Operating margin21.4%19.9%↑Bottom 46%
Net margin11.1%9.8%↑—
Free-cash-flow margin-11.2%1.1%↓—
Return on invested capital4.1%—Bottom 50%
Revenue growth, 3-year CAGR4.0%—Top 44%

Quality of earnings and balance sheet

Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
2.03×
Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
-2.5%
Stock-based compensation / revenueA cost to shareholders through dilution.
0.0%
Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
+12.2 pp
Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
6.13×
Interest cover (operating income / interest)How many times operating profit covers interest.
2.5×

Shareholder returns

Dividend yield (dividends paid, TTM)
108.40%
Net buyback yield (TTM)
-25.63%
Shareholder yield
82.77%
Share count change, 1 year
+2.2%
Share count change, 3-year CAGR
+4.0%

Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.

Based on the four quarters through Dec 31, 2025 (filed Dec 31, 2025).

Earnings and expectations

Earnings momentum

Consecutive EPS beats
2
Beats in the last 8 reports
5 of 8
Average EPS surprise, last 4
+25.5%
Average 2-day reaction, last 8
+0.0%
Positive 20 days after report
1 of 2

How the stock reacted to recent reports

Report dateEPS surprise2 days5 days20 days60 days
May 6, 2026+1.1%+0.0%-0.5%-4.1%-6.9%
Feb 3, 2026+7.9%+0.0%-0.6%+0.2%+0.0%

Returns from the close before each report. Past reactions do not determine future ones.

Earnings history

Report dateEPSEstimateSurpriseRevenue
May 6, 2026$3.76$3.72+1.1%$1.02B
Feb 3, 2026$1.77$1.64+7.9%$762.2M
Nov 14, 2025-$0.47-$0.40-18.9%$334.1M
Aug 5, 2025$0.01-$0.08+111.8%$421.9M
Feb 5, 2025$1.34$1.42-5.6%$669.1M
Nov 20, 2024-$0.54-$0.53-1.3%$293.8M
Jul 31, 2024-$0.14-$0.18+24.1%$414.1M
Feb 1, 2024$1.47$1.38+6.5%$756.6M

Valuation in context

MultipleNow5-year median5-year percentileSector rank (cheapness)
P/E (trailing)4.6×5.9×0thTop 8%
P/E (forward)4.1×———
EV / EBITDA6.3×——Top 8%
EV / Sales2.15×——Top 12%
Free-cash-flow yield-168.17%——Bottom 7%
Earnings yield21.59%——Top 8%

P/E over the past five years

Range 5.0× – 8.7× since Mar 31, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.

Technical state

Trend checklist

  • ✗ Price above 20-day average
  • ✗ Price above 50-day average
  • ✓ MACD histogram positive

Trend quality

Days above the 50-day average
0
50-day average slope (20 days)
-3.7%
Distance from 50-day average
-4.7%
RSI (14)
26.0
Relative volume
0.58×

Risk and drawdowns

Volatility, 60 days (annualized)
7.6%
Current drawdown from 1-year high
-15.7%
Maximum drawdown, 3 years
-15.7%

Largest declines in the past six years

From peakTo lowDeclineLengthRecovery
Feb 17, 2026Oct 2, 2026-15.7%158 daysNot yet recovered

Declines of 10% or more from a closing high, measured on daily closes.

Financial statements

Market cap
$170.5M
P/E (TTM)
4.6
EPS, diluted (TTM)
$4.60
Revenue (TTM)
$2.57B
Dividend yield
4.75%
FY 2021FY 2022FY 2023FY 2024FY 2025
Revenue$2.24B$2.20B$2.67B$2.59B$2.48B
Gross profit$610.3M$587.7M$633.1M$703.9M$730.6M
Operating income$450.2M$408.2M$418.6M$488.3M$523.9M
Net income$271.3M$220.5M$217.2M$250.6M$271.4M
EPS (diluted)$4.96$3.95$3.85$4.19$4.37
Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026
Revenue$1.13B$414.1M$293.8M$669.1M$1.05B$421.9M$334.1M$762.2M
Net income$204.0M-$12.6M-$25.9M$81.2M$209.0M$20.9M-$39.7M$94.9M
EPS (diluted)$3.58-$0.28-$0.51$1.34$3.51$0.29-$0.74$1.54
FY 2021FY 2022FY 2023FY 2024FY 2025
Operating cash flow$249.8M$55.0M$440.2M$912.4M$578.0M
Capital expenditure-$624.8M-$552.2M-$662.5M-$861.3M-$922.4M
Free cash flow-$375.0M-$497.2M-$222.3M$51.1M-$344.4M
Dividends paid-$133.2M-$141.9M-$150.7M-$167.1M-$182.2M
Net share buybacks$1.0M$51.9M$41.9M$287.0M$76.2M

Cash outflows are shown as negative numbers.

Cash and short-term investments
$4.1M
Total assets
$11.88B
Total liabilities
$8.44B
Total debt
$5.35B
Net debt
$5.35B
Shareholders’ equity
$3.43B

As of Dec 31, 2025 (filed Dec 31, 2025).

Dividends

Ex-dateAmountPaid
Aug 31, 2026$0.40—
May 29, 2026$0.62—

Short interest

Shares sold short
10,533
Days to cover
1.00
Change vs previous report
+16.6%

FINRA short interest, settlement date Sep 15, 2026.