Spire Inc. 6.375% Junior Subordinated Notes due 2086 (SRJN) Financials
Newest figures come from the 10-Q for Q3 FY2026, filed Aug 5, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the SRJN SEC filings page.
Spire Inc. 6.375% Junior Subordinated Notes due 2086 (SRJN) reported $2.5B in revenue for fiscal year 2025, down 4.5% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Margins expanded despite softer sales, but capital spending and tightening short-term liquidity limit the cash flexibility earnings suggest.
From FY2023 to FY2025, gross margin climbed from47.8% to58.8% while revenue fell from$2.7B to$2.5B ; that combination points to improved cost economics or a richer sales mix rather than volume-led expansion. Operating margin also recovered to21.2% , showing the gross-margin improvement reached operating profit instead of being absorbed by overhead.
FY2025 operating cash flow of
The current ratio fell from 0.6x in FY2023 to 0.3x in FY2025, meaning near-term obligations grew relative to immediately available current resources. Debt-to-equity improved from 1.2x to 1.0x over the same span, so the balance-sheet pressure is concentrated more in short-term liquidity than in rising overall leverage.
Financial Health Signals
Spire Inc. 6.375% Junior Subordinated Notes due 2086 does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Spire Inc. 6.375% Junior Subordinated Notes due 2086 passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, 1 of 2 operating efficiency signals passes.
For every $1 of reported earnings, Spire Inc. 6.375% Junior Subordinated Notes due 2086 generates $2.13 in operating cash flow ($578.0M OCF vs $271.7M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Spire Inc. 6.375% Junior Subordinated Notes due 2086 earns $2.57 in operating income for every $1 of interest expense ($523.9M vs $204.1M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
Spire Inc. 6.375% Junior Subordinated Notes due 2086's EBITDA was $118.6M in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 18.2% from the same quarter a year earlier. Against the prior quarter it is down 69.4%.
Spire Inc. 6.375% Junior Subordinated Notes due 2086 reported $211.2M in net income in Q3 2026. This represents an increase of 910.5% from the same quarter a year earlier. Against the prior quarter it is down 25.2%.
Spire Inc. 6.375% Junior Subordinated Notes due 2086 earned $3.57 per diluted share (EPS) in Q3 2026. This represents an increase of 1131.0% from the same quarter a year earlier. Against the prior quarter it is down 22.4%.
Not reported for Q3 2026.
Cash & Balance Sheet
Spire Inc. 6.375% Junior Subordinated Notes due 2086 recorded an outflow of $91.2M in free cash flow in Q3 2026, representing a cash shortfall after capex. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. Against the prior quarter it is down 141.8%.
Spire Inc. 6.375% Junior Subordinated Notes due 2086 held $20.7M in cash against $5.8B in long-term debt as of Q3 2026.
Spire Inc. 6.375% Junior Subordinated Notes due 2086 paid $0.82 per share in dividends in Q3 2026. This represents an increase of 5.1% from the same quarter a year earlier. It is unchanged from the prior quarter.
Margins & Returns
Spire Inc. 6.375% Junior Subordinated Notes due 2086's quarterly ROE was 5.9% in Q3 2026: one quarter's net income over shareholder equity, not annualized. This is up 5.3 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.4 percentage points.
Not reported for Q3 2026.
Not reported for Q3 2026.
Not reported for Q3 2026.
Capital Allocation
Spire Inc. 6.375% Junior Subordinated Notes due 2086 invested $213.4M in capex in Q3 2026, funding long-term assets and infrastructure. This represents a decrease of 3.2% from the same quarter a year earlier. Against the prior quarter it is up 11.0%.
Not reported for Q3 2026.
Not reported for Q3 2026.
SRJN Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | $762.2M+13.9% | $334.1M+13.7% | $421.9M+1.9% | $1.1B-6.8% | $669.1M-11.6% | $293.8M-5.3% |
| Cost of Revenue | N/A | N/A | $342.6M+15.4% | N/A | N/A | N/A | $296.8M | N/A |
| Gross Profit | N/A | N/A | $419.6M+12.7% | N/A | N/A | N/A | $372.3M | N/A |
| Operating Income | $23.4M-66.2% | $303.5M+9.2% | $173.5M+16.6% | $28.0M+41.4% | $69.2M+125.4% | $277.9M-6.9% | $148.8M+6.9% | $19.8Mn/m |
| EBITDA | $118.6M-18.2% | $388.0M+10.8% | $254.9M+15.3% | $105.8M+16.4% | $144.9M+41.9% | $350.3M-4.7% | $221.1M+7.2% | $90.9M+46.8% |
| Interest Expense | $85.6M+71.5% | $62.6M+38.2% | $60.4M+25.8% | $60.9M+23.0% | $49.9M+2.3% | $45.3M-13.2% | $48.0M-5.1% | $49.5M+2.7% |
| Income Tax | -$15.3M-610.0% | $52.7M+13.8% | $23.4M+16.4% | -$9.7Mn/m | $3.0Mn/m | $46.3M-6.3% | $20.1M-4.3% | -$8.6Mn/m |
| Net Income | $211.2M+910.5% | $282.2M+34.8% | $95.0M+16.9% | -$39.8Mn/m | $20.9Mn/m | $209.3M+2.4% | $81.3M-4.5% | -$25.9Mn/m |
| EPS (Basic) | $3.57+1131.0% | $4.61+31.0% | $1.55+15.7% | -$0.75n/m | $0.29 | $3.52-1.9% | $1.34-11.8% | -$0.57n/m |
| EPS (Diluted) | $3.57+1131.0% | $4.60+31.1% | $1.54+14.9% | -$0.76n/m | $0.29 | $3.51-2.0% | $1.34-11.8% | -$0.57n/m |
| Diluted Shares (Avg) | 59M0.0% | 59M+1.2% | 59M+2.2% | N/A | 59M | 59M+4.7% | 58M+8.0% | N/A |
Not reported in any period shown, so not listed: R&D Expenses, SG&A Expenses.
SRJN Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $14.1B+23.6% | $14.7B+29.3% | $11.9B+5.4% | $11.6B+6.6% | $11.4B+6.4% | $11.3B+5.9% | $11.3B+6.1% | $10.9B+5.3% |
| Current Assets | $789.9M+1.3% | $1.6B+74.9% | $1.0B+5.1% | $807.9M+4.7% | $780.1M-5.5% | $908.0M-9.7% | $988.0M-19.0% | $771.3M-28.4% |
| Cash & Equivalents | $20.7M+58.0% | $49.5M+225.7% | $4.1M-64.3% | $5.7M+26.7% | $13.1M+77.0% | $15.2M-40.6% | $11.5M+139.6% | $4.5M-19.6% |
| Short-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Goodwill | $1.9B+61.8% | $1.9B+61.4% | $1.2B0.0% | $1.2B0.0% | $1.2B0.0% | $1.2B0.0% | $1.2B0.0% | $1.2B0.0% |
| Total Liabilities | $10.5B+32.7% | $11.3B+43.6% | $8.4B+6.1% | $8.2B+7.3% | $7.9B+7.3% | $7.8B+7.1% | $8.0B+5.1% | $7.6B+3.1% |
| Current Liabilities | $2.1B+2.2% | $2.9B+37.8% | $1.7B-14.0% | $2.5B+49.6% | $2.1B+22.0% | $2.1B+28.0% | $2.0B-9.9% | $1.7B-2.9% |
| Non-Current Liabilities | $8.4B+43.7% | $8.3B+45.7% | $6.7B+12.7% | $5.6B-4.8% | $5.8B+2.9% | $5.7B+1.0% | $6.0B+11.3% | $5.9B+5.0% |
| Long-Term Debt | $5.8B+64.6% | $5.8B+72.1% | $4.4B+20.3% | $3.4B-9.0% | $3.5B+2.2% | $3.3B-2.1% | $3.7B+13.9% | $3.7B+4.2% |
| Total Equity | $3.6B+3.0% | $3.4B-2.6% | $3.4B+3.7% | $3.4B+4.8% | $3.5B+4.4% | $3.5B+3.5% | $3.3B+8.5% | $3.2B+10.8% |
| Retained Earnings | $1.5B+28.5% | $1.4B+11.8% | $1.1B+7.3% | $1.1B+6.8% | $1.2B+7.9% | $1.2B+4.5% | $1.1B+5.3% | $1.0B+6.3% |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable.
SRJN Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $122.2M-5.3% | $410.4M+10.1% | $81.0M-0.1% | -$4.9M-105.9% | $129.1M-52.2% | $372.7M-23.8% | $81.1M+15.9% | $82.9M+129.6% |
| Depreciation & Amortization | $95.2M+25.8% | $84.5M+16.7% | $81.4M+12.6% | $76.5M+7.6% | $75.7M+6.0% | $72.4M+5.1% | $72.3M+7.9% | $71.1M+8.1% |
| Capital Expenditures | $213.4M-3.2% | $192.2M-12.1% | $202.8M-22.2% | $222.7M-3.1% | $220.5M-0.8% | $218.6M+19.6% | $260.6M+15.1% | $229.8M+28.2% |
| Free Cash Flow | -$91.2Mn/m | $218.2M+41.6% | -$121.8Mn/m | -$227.6Mn/m | -$91.4M-290.8% | $154.1M-49.7% | -$179.5Mn/m | -$146.9Mn/m |
| Investing Cash Flow | $597.4Mn/m | -$2.7Bn/m | -$201.3Mn/m | -$219.7Mn/m | -$219.4Mn/m | -$217.2Mn/m | -$260.1Mn/m | -$225.2Mn/m |
| Financing Cash Flow | -$746.2M-907.6% | $2.3Bn/m | $119.0M-36.0% | $217.7M+51.7% | $92.4Mn/m | -$151.4Mn/m | $186.0M+20.2% | $143.5M-0.2% |
| Dividends Paid | $48.7M+6.3% | $48.9M+7.7% | $47.2M+5.8% | $46.4M+8.4% | $45.8M+4.6% | $45.4M+8.9% | $44.6M+14.9% | $42.8M+12.0% |
Not reported in any period shown, so not listed: Stock-Based Compensation, Share Buybacks.
SRJN Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | 55.0%-0.6pp | N/A | N/A | N/A | 55.6% | N/A |
| Operating Margin | N/A | N/A | 22.8%+0.5pp | 8.4%+1.6pp | 16.4%+9.0pp | 26.4%0.0pp | 22.2%+3.8pp | 6.7%+8.0pp |
| Net Margin | N/A | N/A | 12.5%+0.3pp | -11.9%-3.1pp | 5.0%+8.0pp | 19.9%+1.8pp | 12.2%+0.9pp | -8.8%+1.2pp |
| Return on Equity | 5.9%+5.3pp | 8.3%+2.3pp | 2.8%+0.3pp | -1.2%-0.4pp | 0.6%+1.0pp | 6.0%-0.1pp | 2.5%-0.3pp | -0.8%+0.3pp |
| Return on Assets | 1.5%+1.3pp | 1.9%+0.1pp | 0.8%+0.1pp | -0.3%-0.1pp | 0.2%+0.3pp | 1.8%-0.1pp | 0.7%-0.1pp | -0.2%+0.1pp |
| Current Ratio | 0.370.0x | 0.55+0.1x | 0.61+0.1x | 0.32-0.1x | 0.37-0.1x | 0.43-0.2x | 0.50-0.1x | 0.45-0.2x |
| Debt-to-Equity | 1.61+0.6x | 1.69+0.7x | 1.30+0.2x | 0.99-0.2x | 1.010.0x | 0.95-0.1x | 1.12+0.1x | 1.15-0.1x |
| Liabilities-to-Equity | 2.93+0.7x | 3.29+1.1x | 2.46+0.1x | 2.42+0.1x | 2.27+0.1x | 2.23+0.1x | 2.41-0.1x | 2.36-0.2x |
| Asset Turnover | N/A | N/A | 0.060.0x | 0.030.0x | 0.040.0x | 0.090.0x | 0.060.0x | 0.030.0x |
| FCF Margin | N/A | N/A | -16.0%+10.8pp | -68.1%-18.1pp | -21.7%-33.2pp | 14.7%-12.5pp | -26.8%-6.1pp | -50.0%-3.9pp |
Note: The current ratio is below 1.0 (0.32), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Where Spire Inc. 6.375% Junior Subordinated Notes due 2086 Ranks
Frequently Asked Questions
What is Spire Inc. 6.375% Junior Subordinated Notes due 2086's annual revenue?
Spire Inc. 6.375% Junior Subordinated Notes due 2086 (SRJN) reported $2.5B in total revenue for fiscal year 2025. This represents a -4.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Spire Inc. 6.375% Junior Subordinated Notes due 2086's revenue growing?
Spire Inc. 6.375% Junior Subordinated Notes due 2086 (SRJN) revenue declined by 4.5% year-over-year, from $2.6B to $2.5B in fiscal year 2025.
Is Spire Inc. 6.375% Junior Subordinated Notes due 2086 profitable?
Yes, Spire Inc. 6.375% Junior Subordinated Notes due 2086 (SRJN) reported a net income of $271.7M in fiscal year 2025, with a net profit margin of 11.0%.
What is Spire Inc. 6.375% Junior Subordinated Notes due 2086's EBITDA?
Spire Inc. 6.375% Junior Subordinated Notes due 2086 (SRJN) had EBITDA of $822.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Spire Inc. 6.375% Junior Subordinated Notes due 2086 have?
As of fiscal year 2025, Spire Inc. 6.375% Junior Subordinated Notes due 2086 (SRJN) had $5.7M in cash and equivalents against $3.4B in long-term debt.
What is Spire Inc. 6.375% Junior Subordinated Notes due 2086's gross margin?
Spire Inc. 6.375% Junior Subordinated Notes due 2086 (SRJN) had a gross margin of 58.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Spire Inc. 6.375% Junior Subordinated Notes due 2086's operating margin?
Spire Inc. 6.375% Junior Subordinated Notes due 2086 (SRJN) had an operating margin of 21.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Spire Inc. 6.375% Junior Subordinated Notes due 2086's net profit margin?
Spire Inc. 6.375% Junior Subordinated Notes due 2086 (SRJN) had a net profit margin of 11.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Spire Inc. 6.375% Junior Subordinated Notes due 2086 pay dividends?
Yes, Spire Inc. 6.375% Junior Subordinated Notes due 2086 (SRJN) paid $3.14 per share in dividends during fiscal year 2025.
What is Spire Inc. 6.375% Junior Subordinated Notes due 2086's return on equity (ROE)?
Spire Inc. 6.375% Junior Subordinated Notes due 2086 (SRJN) has a return on equity of 8.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Spire Inc. 6.375% Junior Subordinated Notes due 2086's free cash flow?
Spire Inc. 6.375% Junior Subordinated Notes due 2086 (SRJN) recorded an outflow of $344.4M in free cash flow during fiscal year 2025. This represents a -774.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Spire Inc. 6.375% Junior Subordinated Notes due 2086's operating cash flow?
Spire Inc. 6.375% Junior Subordinated Notes due 2086 (SRJN) generated $578.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Spire Inc. 6.375% Junior Subordinated Notes due 2086's total assets?
Spire Inc. 6.375% Junior Subordinated Notes due 2086 (SRJN) had $11.6B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Spire Inc. 6.375% Junior Subordinated Notes due 2086's capital expenditures?
Spire Inc. 6.375% Junior Subordinated Notes due 2086 (SRJN) invested $922.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Spire Inc. 6.375% Junior Subordinated Notes due 2086's current ratio?
Spire Inc. 6.375% Junior Subordinated Notes due 2086 (SRJN) had a current ratio of 0.32 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Spire Inc. 6.375% Junior Subordinated Notes due 2086's debt-to-equity ratio?
Spire Inc. 6.375% Junior Subordinated Notes due 2086 (SRJN) had a debt-to-equity ratio of 0.99 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
What is Spire Inc. 6.375% Junior Subordinated Notes due 2086's liabilities-to-equity ratio?
Spire Inc. 6.375% Junior Subordinated Notes due 2086 (SRJN) had a liabilities-to-equity ratio of 2.42 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
What is Spire Inc. 6.375% Junior Subordinated Notes due 2086's return on assets (ROA)?
Spire Inc. 6.375% Junior Subordinated Notes due 2086 (SRJN) had a return on assets of 2.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Spire Inc. 6.375% Junior Subordinated Notes due 2086's Piotroski F-Score?
Spire Inc. 6.375% Junior Subordinated Notes due 2086 (SRJN) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Spire Inc. 6.375% Junior Subordinated Notes due 2086's earnings high quality?
Spire Inc. 6.375% Junior Subordinated Notes due 2086 (SRJN) has an earnings quality ratio of 2.13x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Spire Inc. 6.375% Junior Subordinated Notes due 2086 cover its interest payments?
Spire Inc. 6.375% Junior Subordinated Notes due 2086 (SRJN) has an interest coverage ratio of 2.57x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.