Spire Inc. (SR) Income Statement
SR FY2025 at a glance
Fiscal year ended September 30, 2025 · U.S. dollarsSR revenue and net income
Where SR's revenue goes
FY2025Each bar shows an amount and its share of revenue. SR kept 11.0% of revenue as net income.
SR profit margins
SR growth rates
to FY2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −4.5% | +4.0% | +5.9% | +2.3% |
| Gross profit | +96.9% | +32.8% | +22.5% | +13.5% |
| Operating income | +7.3% | +8.7% | +20.5% | +6.8% |
| Net income | +8.3% | +7.2% | +25.1% | +7.1% |
| EPS (diluted) | +5.7% | +4.6% | +3.5% | +3.5% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
SR quarterly EPS vs estimates
Spire beat the analyst EPS estimate in 3 of the last 8 quarters. Next report: November 13, 2026 (estimate $-1.08).
SR income statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.48B | $2.59B | $2.67B | $2.20B | $2.24B | $1.86B | $1.95B | $1.97B | $1.74B | $1.54B |
| Cost of revenue | $542.1M | $1.61B | $1.78B | $1.37B | $1.41B | $1.15B | $1.31B | $1.35B | $1.11B | $992.9M |
| Gross profit | $1.93B | $982.3M | $887.9M | $825.0M | $823.4M | $700.7M | $638.0M | $616.0M | $632.2M | $544.4M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | — | — | — | $179.5M | $160.1M | $148.4M | $100.9M | $140.1M | $152.2M | $123.2M |
| Total operating expenses | $1.41B | $494.0M | $469.3M | $416.8M | $373.2M | $494.3M | $335.7M | $321.9M | $291.3M | $262.1M |
| Operating income | $523.9M | $488.3M | $418.6M | $408.2M | $450.2M | $206.4M | $302.3M | $294.1M | $340.9M | $282.3M |
| Interest income | $204.1M | $201.1M | $185.7M | $119.8M | $106.6M | $105.5M | $104.4M | $98.4M | $89.1M | $77.2M |
| Interest expense | $204.1M | $201.1M | $185.7M | $119.8M | $106.6M | $105.5M | $104.4M | $98.4M | $89.1M | $77.2M |
| Income before taxes | $331.4M | $309.6M | $256.3M | $279.7M | $340.2M | $101.0M | $219.1M | $187.7M | $239.2M | $213.7M |
| Income taxes | $59.7M | $58.7M | $38.8M | $58.9M | $68.5M | $12.4M | $34.5M | −$26.5M | $77.6M | $69.5M |
| Net income | $271.7M | $250.9M | $217.5M | $220.8M | $271.7M | $88.6M | $184.6M | $214.2M | $161.6M | $144.2M |
| EBITDA | $833.7M | $789.1M | $696.8M | $636.8M | $659.9M | $403.8M | $505.2M | $454.5M | $482.4M | $428.4M |
| EPS (diluted) | $4.48 | $4.24 | $4.05 | $3.91 | $4.87 | $3.77 | $3.73 | $3.81 | $3.64 | $3.42 |
| Gross margin | 78.1% | 37.9% | 33.3% | 37.5% | 36.8% | 37.8% | 32.7% | 31.3% | 36.3% | 35.4% |
| Operating margin | 21.2% | 18.8% | 15.7% | 18.6% | 20.1% | 11.1% | 15.5% | 15.0% | 19.6% | 18.4% |
| Net margin | 11.0% | 9.7% | 8.2% | 10.0% | 12.2% | 4.8% | 9.5% | 10.9% | 9.3% | 9.4% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $420.2M | $1.02B | $762.2M | $334.1M | $421.9M | $1.05B | $669.1M | $293.8M | $414.1M | $1.13B | $756.6M | $310.4M |
| Cost of revenue | $396.8M | $633.4M | $534.0M | $142.8M | $233.8M | $594.3M | $399.3M | $166.8M | $267.6M | $678.6M | $497.7M | $213.2M |
| Gross profit | $23.4M | $386.6M | $228.2M | $191.3M | $188.1M | $457.0M | $269.8M | $127.0M | $146.5M | $449.9M | $258.9M | $97.2M |
| Total operating expenses | $396.8M | $83.1M | $54.7M | $191.8M | $118.9M | $150.6M | $121.0M | $107.2M | $115.8M | $151.3M | $119.7M | $101.1M |
| Operating income | $23.4M | $303.5M | $173.5M | −$500,000 | $69.2M | $306.4M | $148.8M | $19.8M | $30.7M | $298.6M | $139.2M | −$3.9M |
| Interest income | — | — | $60.4M | $58.8M | $49.9M | $47.4M | $48.0M | $49.5M | — | — | — | — |
| Interest expense | $85.6M | $62.6M | $60.4M | $58.8M | $49.9M | $47.4M | $48.0M | $49.5M | $48.8M | $52.2M | $50.6M | $48.2M |
| Income before taxes | −$57.9M | $270.3M | $118.4M | −$55.9M | $23.9M | $262.0M | $101.4M | −$34.5M | −$15.7M | $253.7M | $106.1M | −$48.0M |
| Income taxes | −$15.3M | $52.7M | $23.4M | −$16.1M | $3.0M | $52.7M | $20.1M | −$8.6M | −$3.1M | $49.4M | $21.0M | −$16.9M |
| Net income | $210.9M | $282.2M | $95.0M | −$39.8M | $20.9M | $209.3M | $81.3M | −$25.9M | −$12.6M | $204.3M | $85.1M | −$31.1M |
| EBITDA | $114.2M | $417.4M | $260.2M | $79.4M | $149.5M | $383.1M | $221.7M | $86.1M | $104.5M | $374.8M | $223.7M | $66.0M |
| EPS (diluted) | −$0.26 | $3.76 | $1.77 | −$0.47 | $0.01 | $3.60 | $1.34 | −$0.54 | −$0.14 | $3.45 | $1.47 | −$0.78 |
| Gross margin | 5.6% | 37.9% | 29.9% | 57.3% | 44.6% | 43.5% | 40.3% | 43.2% | 35.4% | 39.9% | 34.2% | 31.3% |
| Operating margin | 5.6% | 29.8% | 22.8% | −0.1% | 16.4% | 29.1% | 22.2% | 6.7% | 7.4% | 26.5% | 18.4% | −1.3% |
| Net margin | 50.2% | 27.7% | 12.5% | −11.9% | 5.0% | 19.9% | 12.2% | −8.8% | −3.0% | 18.1% | 11.2% | −10.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in SR's financial statements (latest annual report filed November 14, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
SR financial results
In fiscal year 2025 (ended September 30, 2025), Spire reported revenue of $2.5 billion, down 4.5% from the year before. It had net income of $271.7 million (up 8.3%), a net profit margin of 11.0%. Diluted earnings per share came to $4.48. Over five years revenue grew at an average rate of 5.9% a year.
See the SR stock overview for the latest quote and news, or the SR chart for price history and technical indicators.
SR income statement FAQ
What is Spire's annual revenue?
Spire reported total revenue of $2.5 billion for fiscal year 2025, which ended on September 30, 2025. That was down 4.5% from $2.6 billion the previous year.
Is Spire profitable?
Yes. Spire reported net income of $271.7 million in fiscal 2025, a net profit margin of 11.0%; its operating margin was 21.2%.
What is Spire's gross margin?
Spire's gross margin was 78.1% in fiscal 2025: for every $100 of revenue, Spire kept $78 after the direct cost of its products and services.
How fast is Spire growing?
Revenue grew 5.9% a year on average over the last five fiscal years, from $1.9 billion to $2.5 billion.
What are Spire's earnings per share?
Spire earned $4.48 per diluted share in fiscal 2025, compared with $4.24 a year earlier.
When will Spire report its next earnings?
Spire is expected to report results for the quarter ending September 30, 2026 on November 13, 2026 before the market opens.
When does Spire's fiscal year end?
Spire's fiscal year ends in September. The latest annual report covers the year ended September 30, 2025 and was filed on November 14, 2025.