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Spire SR Net debt / EBITDA

Net debt / EBITDA at other companies

Ameren logo
AmerenAEE
5.2×-0.9×
OGS
ONE GASOGS
3.1×+0.2×
BKH
Black HillsBKH
5.1×0.0×
MDU Resources Group logo
MDU Resources GroupMDU
5.1×+0.6×
Xcel Energy logo
Xcel EnergyXEL
6.6×+0.6×
UGI logo
UGIUGI
3.4×

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%
Enterprise value$12.22B+46.0%
P/E7.5×-2.1×
P/S1.8×+0.2×

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.

Based on the most recent quarter.

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 net debt / EBITDA?
Spire (SR) reported net debt / EBITDA of 8.6× in Q1 2026.
How has Spire's net debt / EBITDA changed year-over-year?
Spire's net debt / EBITDA increased by 50.8% year-over-year, from 5.7× to 8.6×.
What is the long-term trend for Spire's net debt / EBITDA?
Over 4 years (2020 to 2025), Spire's net debt / EBITDA has grown at a -2.2% compound annual growth rate (CAGR), from 6.3× to 5.8×.
What does net debt / EBITDA mean?
Net debt (total debt minus cash) divided by trailing-twelve-month EBITDA. Expresses leverage in years — roughly how long it would take to repay net debt out of operating cash earnings.