Spire Inc. 6.375% Junior Subord

Utilities

NYSE:SRJN · New York Stock Exchange

Market Cap $191.36M Beta 0.66 P/E (TTM) 5.0
$23.92 +0.71%

+$0.17 today

52W Low $23.51High $25.43

Vol 0.02M · Avg 0.02M

EPS (TTM) $4.83 Div Yield 2.56%Regulated Gas

Income Statement

Follow revenue through to earnings

Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.

Stock Ticker Earnings Waterfall

NYSE:SRJN · Revenue to Net Income

Key Ratios

EPS$4.60
Gross Margin26.1%
Net Margin6.4%
P/E Ratio3.5
P/S Ratio2.8

Analysis

$2.6B of revenue converted into $285.1M of net income for the selected period. Gross margin is 26.1% and net margin is 6.4%, showing how much revenue survives after costs and taxes. EPS is $4.60, tying the income statement back to per-share earnings.

Income Statement

Annual data · 5 periods

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Revenue
$2.5B
-4.5%
$2.6B
-2.7%
$2.7B
+21.3%
$2.2B
-1.7%
$2.2B
$809.6M$921.6M$731.2M
Cost of Revenue
$1.7B
-7.6%
$1.9B
-7.1%
$2.0B
+26.2%
$1.6B
-0.9%
$1.6B
$725.6M$804.0M$882.4M
Gross Profit
$730.6M
+3.8%
$703.9M
+11.2%
$633.1M
+7.7%
$587.7M
-3.7%
$610.3M
$8.9B$7.6B$6.2B
Gross Margin
29.5%
+2.4pp
27.1%
+3.4pp
23.7%
-3.0pp
26.7%
-0.6pp
27.3%
9.8%28.9%38.3%
Research & Development
$0
$0
$0
$0
$0
$983.2M$1.3B$490.4M
Selling, General & Admin
$0
$0
$0
$0
$0
$620.6M$923.0M-$1.5B
Operating Expenses
$206.7M
-4.1%
$215.6M
+0.5%
$214.5M
+19.5%
$179.5M
+12.1%
$160.1M
$5.3B$7.0B$8.7B
Depreciation & Amortization
$298.2M
+7.1%
$278.4M
+9.3%
$254.8M
+7.4%
$237.3M
+11.4%
$213.1M
$374.2M$1.2B$631.8M
EBITDA
$838.8M
+4.8%
$800.2M
+15.2%
$694.4M
+9.3%
$635.6M
-3.5%
$658.6M
-$15.2B$6.8B$9.3B
EBITDA Margin
33.9%
+3.0pp
30.9%
+4.8pp
26.0%
-2.9pp
28.9%
-0.6pp
29.5%
5.6%46.3%42.0%
Operating Income
$523.9M
+7.3%
$488.3M
+16.7%
$418.6M
+2.5%
$408.2M
-9.3%
$450.2M
$12.3B$14.0B-$15.7B
Operating Margin
21.2%
+2.3pp
18.8%
+3.1pp
15.7%
-2.9pp
18.6%
-1.6pp
20.1%
16.6%24.1%22.0%
Interest Income
$0
$0
$0
$0
$0
-$1.5B-$1.6B$405.0M
Interest Expense
$209.2M
-1.4%
$212.2M
+15.8%
$183.3M
+54.6%
$118.6M
+12.6%
$105.3M
$1.1B$1.0B$1.2B
Other Income / Expenses
-$192.5M
-7.7%
-$178.7M
-10.1%
-$162.3M
-26.3%
-$128.5M
-16.8%
-$110.0M
-$1.5B$1.4B$1.2B
Income Before Tax
$331.4M
+7.0%
$309.6M
+20.8%
$256.3M
-8.4%
$279.7M
-17.8%
$340.2M
$3.3B$4.9B$3.6B
Pre-Tax Margin
13.4%
+1.4pp
11.9%
+2.3pp
9.6%
-3.1pp
12.7%
-2.5pp
15.2%
20.8%18.7%26.2%
Income Tax Expense
$59.7M
+1.7%
$58.7M
+51.3%
$38.8M
-34.1%
$58.9M
-14.0%
$68.5M
$1.3B-$1.6B$745.2M
Net Income
$271.4M
+8.3%
$250.6M
+15.4%
$217.2M
-1.5%
$220.5M
-18.7%
$271.3M
$4.9B$4.8B$4.7B
Net Margin
11.0%
+1.3pp
9.7%
+1.5pp
8.1%
-1.9pp
10.0%
-2.1pp
12.1%
12.4%17.5%22.5%
EPS (Basic)
$4
+4.5%
$4
+8.8%
$4
-2.5%
$4
-20.3%
$5
$400.8M$703.2M$1.3B
EPS (Diluted)
$4
+4.3%
$4
+8.8%
$4
-2.5%
$4
-20.4%
$5
$766.2M$609.4M$452.6M
Weighted Avg Shares
$58.5M
+4.3%
$56.1M
+6.9%
$52.5M
+1.0%
$52.0M
+0.8%
$51.6M
$757.8M$925.8M$1.1B
Weighted Avg Shares (Diluted)
$58.7M
+4.3%
$56.3M
+7.0%
$52.6M
+1.0%
$52.1M
+0.8%
$51.7M
$1.2B$924.4M$678.0M

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How much revenue does SRJN generate?

Spire Inc. 6.375% Junior Subord (SRJN) reported $2.48B of revenue in fiscal 2025.

Is SRJN profitable?

Spire Inc. 6.375% Junior Subord (SRJN) reported $271.40M of net income, with a net margin of 11.0%.

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