Spire (SR) AI Stock Analysis

• Market Cap: $4.44B
• Dividend Yield: 4.11%
• Average Volume (3M): 535.49K
• Price to Earnings (P/E): 16.3
• Beta (1Y): 0.28
• Revenue Growth: -7.10%
• EPS Growth: 2.54%
• Country: US
• Employees: 3,475
• Sector: Utilities
• Sector Strength: 88
• Industry: Regulated Gas
• EPS (TTM): 0.01
• Shares Outstanding: 59,016,872
• 10 Day Avg. Volume: 688,602
• 30 Day Avg. Volume: 535,492
• PEG Ratio: 1.71
• Price to Book (P/B): 1.17
• Price to Sales (P/S): 1.46
• P/FCF Ratio: 73.87
• Enterprise Value/Market Cap: 2.13
• Enterprise Value/Revenue: 3.88
• Enterprise Value/Gross Profit: 8.25
• Enterprise Value/Ebitda: 11.24
• 1Y Price Target: $82.60
• Price Target Upside: 9.11% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 5

• Rating: 75 Outperform
• Price Target: $85.00 ▲(12.29% Upside)

Spire's overall stock score is supported by solid financial performance, strategic acquisitions, and positive earnings call outcomes. The company's stable financials and strategic expansion through acquisitions position it well for long-term growth, despite some challenges in the current operating environment.

Positive Factors

Legislation Impact

The passage of SB4 legislation opens up potential future test year implementation, offering new opportunities for Spire.

Regulatory Environment

A positive regulatory announcement comes from the unanimous settlement filed in the Missouri rate case, helping drive cost recovery for Spire.

Stock Valuation

The current discount on Spire's stock offers a significant re-rate opportunity, making it an attractive investment.

Negative Factors

Earnings Volatility

Spire Inc faces headwinds from EPS volatility driven by weather, regulatory lag in Missouri, and dilution from equity and debt financing.

Utility Earnings

Lower utility earnings contribution indicates continued impediments to growth at the utility from weather, financing, and dilution headwinds.

Weather Impact

Weather continues to be an uncontrolled headwind.

Spire Business Overview & Revenue Model

Company Description

Spire Global, Inc. (SR) is a leading provider of space-based data and analytics, operating primarily in the aerospace and satellite sectors. The company specializes in utilizing its proprietary constellation of nanosatellites to gather and analyze data about the Earth, focusing on areas such as weather forecasting, maritime and aviation tracking, and environmental monitoring. Spire's core products and services include data analytics solutions and APIs that deliver critical insights to various industries, helping businesses and governments make informed decisions based on comprehensive and real-time data.

How the Company Makes Money

Spire Global, Inc. generates revenue through the sale of its space-based data and analytics services. The company monetizes its proprietary data by providing subscription-based access to its extensive datasets and analytics capabilities. Key revenue streams include services for weather forecasting, maritime and aviation tracking, which are crucial for sectors such as shipping, logistics, and meteorology. Additionally, Spire partners with governmental organizations and commercial enterprises, offering tailored solutions and licensing its data for specific applications. These partnerships and collaborations significantly enhance Spire's earnings potential, as they leverage its satellite technology to address complex challenges across multiple industries.

Spire Financial Statement Overview

Summary

Overall, Spire demonstrates solid financial health characterized by strong cash flow generation and stable profitability metrics. While leverage is carefully managed, the company should focus on boosting revenue growth and maintaining margins to ensure sustained long-term performance. The regulated nature of the utilities industry provides stability, though continuous monitoring of debt levels is advisable.

Income Statement

Spire shows a stable gross profit margin, indicating strong control over cost of goods sold relative to revenue. However, revenue growth has been slightly inconsistent, with a decline in the latest TTM period compared to the previous annual figure. Net profit margin is healthy, though there was a slight decrease in comparison to the prior annual period.

Balance Sheet

The company's debt-to-equity ratio appears moderate, showing a balanced approach to leverage. Return on equity is satisfactory, reflecting decent profitability relative to shareholder investments. However, the equity ratio suggests a substantial portion of assets are financed by liabilities, which could pose risks if not managed carefully.

Cash Flow

Operating cash flow is strong relative to net income, indicating efficient cash generation from operations. Free cash flow growth has been positive in the TTM period, a significant improvement from previous years, highlighting better cash management and potential for reinvestment or debt reduction.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.44B	2.59B	2.67B	2.20B	2.24B	1.86B
Gross Profit	1.15B	982.30M	887.90M	825.00M	823.40M	700.70M
EBITDA	840.40M	789.10M	694.40M	636.80M	659.90M	403.80M
Net Income	285.60M	250.90M	217.50M	220.80M	271.70M	88.60M
Balance Sheet
Total Assets	0.00	10.86B	10.31B	10.08B	9.36B	8.24B
Cash, Cash Equivalents and Short-Term Investments	0.00	4.50M	5.60M	6.50M	4.30M	4.10M
Total Debt	1.40B	4.69B	4.67B	4.28B	3.67B	3.13B
Total Liabilities	2.99B	7.62B	7.40B	7.25B	6.70B	5.72B
Stockholders Equity	3.48B	3.23B	2.92B	2.82B	2.66B	2.52B
Cash Flow
Free Cash Flow	-263.70M	51.10M	-222.30M	-497.20M	-375.00M	-168.50M
Operating Cash Flow	1.17B	912.40M	440.20M	55.00M	249.80M	469.90M
Investing Cash Flow	-1.11B	-1.03B	-695.50M	-546.70M	-622.00M	-631.60M
Financing Cash Flow	-45.40M	123.90M	260.60M	500.90M	379.40M	160.00M

Spire Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 75.70
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SR, the sentiment is Positive. The current price of 75.7 is above the 20-day moving average (MA) of 75.47, above the 50-day MA of 74.23, and above the 200-day MA of 71.41, indicating a bullish trend. The MACD of 0.20 indicates Positive momentum. The RSI at 53.90 is Neutral, neither overbought nor oversold. The STOCH value of 65.76 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SR.

Spire Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NJR	77 Outperform	$4.68B	11.40	18.03%	3.81%	20.30%	63.69%
SR	75 Outperform	$4.44B	16.25	8.37%	4.11%	-7.10%	2.54%
CPK	75 Outperform	$2.80B	22.18	9.04%	2.17%	20.41%	13.64%
NWN	71 Outperform	$1.63B	15.69	7.36%	4.89%	3.88%	11.80%
OGS	68 Neutral	$4.35B	17.33	8.24%	3.54%	13.43%	6.49%
Sector *	67 Neutral	$17.68B	17.88	6.85%	3.50%	6.34%	4.32%
SWX	65 Neutral	$5.72B	25.51	5.41%	3.15%	-10.07%	5.98%

Spire Corporate Events

Spire Reports Q3 Profit, Plans Major Acquisition

Spire Inc. reported a net income of $20.9 million for the third quarter of fiscal 2025, a significant improvement from a loss of $12.6 million in the same period last year. The company also announced an agreement to acquire Piedmont Natural Gas Tennessee from Duke Energy for $2.48 billion, expected to close in early 2026, which is anticipated to enhance its regulated utility footprint and support long-term earnings growth.

The most recent analyst rating on (SR) stock is a Hold with a $73.00 price target. To see the full list of analyst forecasts on Spire stock, see the SR Stock Forecast page.

Spire Acquires Piedmont Natural Gas for $2.48 Billion

On July 27, 2025, Spire Inc. announced an agreement to acquire Piedmont Natural Gas’s Tennessee local distribution business from Duke Energy for $2.48 billion. This acquisition will expand Spire’s utility footprint and is expected to close in the first quarter of 2026, pending regulatory approvals. The transaction is anticipated to enhance Spire’s earnings per share and support long-term growth, while also increasing its customer base to nearly two million. Spire plans to finance the acquisition through a mix of debt, equity, and potential asset sales, and aims to integrate Piedmont’s operations into its existing business structure.

The most recent analyst rating on (SR) stock is a Hold with a $72.00 price target. To see the full list of analyst forecasts on Spire stock, see the SR Stock Forecast page.

Spire Files New Shelf Registration for Equity Offering

On May 7, 2025, Spire Inc. filed a new shelf registration statement with the SEC, replacing a previous one from 2022. This filing includes a prospectus supplement for an ‘at-the-market’ equity offering program, allowing the company to issue and sell up to $123,613,839 in common stock, enhancing its financial flexibility.