SPIRE INC(SR)Stock Analysis
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Rank #1,835 of 2,879 stocks
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
SR Stock Analysis & AI Quality Score
AI stock analysis and institutional research for SPIRE INC (SR), a Energy sector company. 13F Pro's AI-powered ranking engine scores SR at 42.7/100 on a 32-signal composite quality model, placing it at rank #1,835 of 2,879 stocks — the bottom half of the AI-ranked universe. Areas of concern include revenue growth (3.7) and earnings quality (4.6), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2026), SPIRE INC reports net income of $282.2M, free cash flow of $218.2M. Top institutional holders of SR by reported 13-F value include BlackRock,, VANGUARD PORTFOLIO MANAGEMENT, STATE STREET, based on the most recent SEC filings. SR trades on the NYSE exchange and files with the SEC under CIK 1126956. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate SR daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for SPIRE INC directly from SEC EDGAR. SPIRE INC's 13F Pro composite quality score has ranged between 8 and 68 since 2021, currently 42.7 — a stable long-term trajectory across 53 quarterly and live scoring snapshots.
Net Income
Q2 2026
$282.2M
Free Cash Flow
Q2 2026
$218.2M
ROIC
Q2 2026
3.3%
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
-4.5% YoYNet Income
+8.3% YoYOperating Income
+7.3% YoYEPS (Diluted)
+4.3% YoYTotal Assets
+6.6% YoYTotal Debt
+10.2% YoYOp. Cash Flow
-36.7% YoY| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|
| Revenue | $2.48B -4.5% | $2.59B -2.7% | $2.67B +43.7% | $1.86B -5.0% | $1.95B -0.6% | $1.97B |
| Net Income | $271.7M +8.3% | $250.9M +15.4% | $217.5M +145.5% | $88.6M -52.0% | $184.6M -13.8% | $214.2M |
| Operating Income | $523.9M +7.3% | $488.3M +16.7% | $418.6M +102.8% | $206.4M -31.7% | $302.3M +2.8% | $294.1M |
| EPS (Diluted) | $4.37 +4.3% | $4.19 +8.8% | $3.85 +167.4% | $1.44 -59.1% | $3.52 -18.7% | $4.33 |
| Total Assets | $11.58B +6.6% | $10.86B +5.3% | $10.31B +25.1% | $8.24B +8.2% | $7.62B +11.3% | $6.84B |
| Total Debt | $5.17B +10.2% | $4.69B +0.6% | $4.67B +87.8% | $2.48B +17.0% | $2.12B -19.3% | $2.63B |
| Operating Cash Flow | $578.0M -36.7% | $912.4M +107.3% | $440.2M -6.3% | $469.9M +4.2% | $450.9M -1.2% | $456.6M |
AI Insight: SR Financial Trends
Total debt surged to $7,717M in Q1 2026 — a $2,856M sequential jump — while operating cash flow turned negative in Q3 2025, raising leverage concerns.
• Total debt ballooned from $4,861M in Q4 2025 to $7,717M in Q1 2026, a 59% quarter-over-quarter increase.
• Q1 2025 peak-season net income of $196M lagged Q1 2024's $204M, while revenue fell from $1,128M to $958M year-over-year.
• Operating cash flow deteriorated sharply, turning negative at -$5M in Q3 2025 versus $83M in Q3 2024.
• Equity held relatively stable between $3,233M and $3,509M across all reported quarters, showing no material erosion.
⚠ Debt-to-equity ratio spiked to roughly 2.26x in Q1 2026 versus 1.24x in Q1 2024 — monitor refinancing risk and covenants.
⚠ Q3 2025 operating income was effectively zero (-$0M) versus $20M in Q3 2024 — off-peak profitability is eroding.
⚠ Q1 2026 revenue and income data are absent; confirmation of seasonal earnings recovery is the key near-term inflection.
AI Insight: SR Ratio Trends
Spire's leverage has surged to D/E of 2.26 in Q1 2026, nearly double the 1.24 seen just a year ago, overshadowing a solid Q1 2025 operating margin of 29.4%.
• Heating-season quarters dominate profitability: Q1 2025 operating margin hit 29.4%, up from 26.5% in Q1 2024.
• Off-peak quarters remain deeply loss-making; Q3 2025 operating margin turned negative at -0.1% versus -8.8% net margin.
• ROIC in seasonal peak quarters has declined: Q1 2025 ROIC was 14.3% versus 15.7% in Q1 2024, signaling modest return erosion.
• D/E ratio jumped sharply from 1.42 in Q4 2025 to 2.26 in Q1 2026, the highest level in the dataset.
⚠ D/E of 2.26 in Q1 2026 versus 1.24 a year prior signals rapid debt accumulation; monitor refinancing risk and interest coverage.
⚠ Q2 2025 operating margin improved to 16.4% from 7.4% in Q2 2024 — watch whether off-peak profitability sustains into Q2 2026.
⚠ Peak-season ROIC trending down (15.7% → 14.3%) despite higher margins; rising asset base may be diluting returns.
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Available Research
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Top Institutional Holders of SR
BlackRock, Inc.
$722.4M7,978,313 shVANGUARD PORTFOLIO MANAGEMENT LLC
$317.9M3,510,752 shSTATE STREET CORP
$271.8M2,975,765 shVANGUARD CAPITAL MANAGEMENT LLC
$230.6M2,547,230 shDEUTSCHE BANK AG\
$197.8M2,184,118 shAMERICAN CENTURY COMPANIES INC
$189.4M2,092,139 shGEODE CAPITAL MANAGEMENT, LLC
$154.6M1,707,161 shFULLER & THALER ASSET MANAGEMENT, INC.
$149.2M1,647,953 shCAPTRUST FINANCIAL ADVISORS
$111.1M1,227,176 shADAGE CAPITAL PARTNERS GP, L.L.C.
$108.8M1,201,440 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $722.4M | 7,978,313 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $317.9M | 3,510,752 |
| STATE STREET CORP | $271.8M | 2,975,765 |
| VANGUARD CAPITAL MANAGEMENT LLC | $230.6M | 2,547,230 |
| DEUTSCHE BANK AG\ | $197.8M | 2,184,118 |
| AMERICAN CENTURY COMPANIES INC | $189.4M | 2,092,139 |
| GEODE CAPITAL MANAGEMENT, LLC | $154.6M | 1,707,161 |
| FULLER & THALER ASSET MANAGEMENT, INC. | $149.2M | 1,647,953 |
| CAPTRUST FINANCIAL ADVISORS | $111.1M | 1,227,176 |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | $108.8M | 1,201,440 |
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Popular Research
Is SR a good stock to buy?
13F Pro's AI-powered analysis of SPIRE INC (SR) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Energy sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for SR are available on the SR stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own SR?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling SR. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of SPIRE INC's investment landscape.