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Spire SR Return on invested capital

Return on invested capital at other companies

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6%+0.6pp
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6.8%-0.3pp
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5.9%-0.3pp
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MDU Resources GroupMDU
5.2%+0.2pp
Xcel Energy logo
Xcel EnergyXEL
4.7%-0.2pp
UGI logo
UGIUGI
10%

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 trailing twelve months.

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 return on invested capital?
Spire (SR) reported return on invested capital of 6.1% in Q1 2026.
How has Spire's return on invested capital changed year-over-year?
Spire's return on invested capital decreased by 2.0% year-over-year, from 6.2% to 6.1%.
What is the long-term trend for Spire's return on invested capital?
Over 4 years (2020 to 2025), Spire's return on invested capital has grown at a 11.3% compound annual growth rate (CAGR), from 4.2% to 6.5%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.