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Spire SR Invested capital

Discontinued — last reported Q2 '26

Invested capital at other companies

GHC
Graham HoldingsGHC
2.9%-0.1pp
SSR Mining logo
SSR MiningSSRM
18.7%
Repligen logo
RepligenRGEN
0.3%-6.3pp
MYR Group logo
MYR GroupMYRG
18.4%+13.4pp
Franklin Electric logo
Franklin ElectricFELE
12.9%+0.3pp
Nelnet logo
NelnetNNI
7%

Other financials

Income statement

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Revenue$1.0B-3.0%
Gross profit$419.6M+12.7%
Operating income$303.5M+9.2%
Net income$282.2M+34.8%
EPS (diluted)$4.60+31.1%

Balance sheet

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Cash & equivalents$49.5M+226%
Total debt$7.7B+76.9%
Total equity$3.4B-2.6%
Total assets$14.7B+29.3%

Cash flow

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Operating cash flow$410.4M+10.1%
CapEx$192.2M-12.1%
Free cash flow$218.2M

Valuation

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Market cap$4.55B+17.2%

Profitability

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Operating margin22.6%+3.0pp
Net margin12.7%+3.2pp
FCF margin-8.8%

Returns & leverage

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Return on equity10.6%+1.8pp
Debt / equity2.3×+1.0×
Current ratio0.5×+0.1×

Where this comes from

Calculated from Spire’s reported figures.

The official record: Spire’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Spire's invested capital?
Spire (SR) reported invested capital of $11.09B in Q1 2026.
How has Spire's invested capital changed year-over-year?
Spire's invested capital increased by 41.1% year-over-year, from $7.86B to $11.09B.
What is the long-term trend for Spire's invested capital?
Over 5 years (2020 to 2025), Spire's invested capital has grown at a 9.9% compound annual growth rate (CAGR), from $5.07B to $8.14B.
What does invested capital mean?
Total debt plus shareholders' equity minus cash, at the quarter end. The capital actually put to work in the operating business — the denominator of return on invested capital (ROIC).