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Spire Inc. (SRJN) Stock Fundamental Analysis & AI Rating 2026

SRJN NYSE Natural Gas Distribution MO CIK: 0001126956
Recently Updated • Analysis: Apr 16, 2026 • SEC Data: 2025-12-31
SELL
78% Conf
Pending
Analysis scheduled

📊 SRJN Key Takeaways

Revenue: $762.2M
Net Margin: 12.5%
Free Cash Flow: $-121.8M
Current Ratio: 0.61x
Debt/Equity: 1.30x
EPS: $1.54
AI Rating: SELL with 78% confidence
Spire Inc. (SRJN) receives a SELL rating with 78% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $762.2M, net profit margin of 12.5%, and return on equity (ROE) of 2.8%, Spire Inc. demonstrates mixed fundamentals in the Utilities sector. Below is our complete SRJN stock analysis for 2026.

Is Spire Inc. (SRJN) a Good Investment?

Claude

While Spire demonstrates operational discipline with growing net income (+5.9% YoY) and solid 22.8% operating margins despite a 4.5% revenue decline, the company faces severe cash flow challenges: negative free cash flow of -121.8M, only 4.1M in cash, and deteriorating liquidity (0.61x current ratio) combined with 1.30x leverage create refinancing and capital funding risks.

Why Buy Spire Inc. Stock? SRJN Key Strengths

Claude
  • + Net income growth of 5.9% YoY despite revenue decline demonstrates operational efficiency and cost control
  • + Solid operating margin of 22.8% indicates effective expense management for a utility operator
  • + Positive operating cash flow of 81.0M provides foundational debt service capacity

SRJN Stock Risks: Spire Inc. Investment Risks

Claude
  • ! Severe negative free cash flow of -121.8M indicates capital spending significantly exceeds operating cash generation and is unsustainable
  • ! Critically low cash position (4.1M) combined with 4.4B long-term debt and sub-1.0 current ratio signal acute liquidity stress
  • ! Interest coverage of 2.9x leaves minimal margin for refinancing risk or external shocks in the debt markets

Key Metrics to Watch

Claude
  • * Free cash flow trajectory and capital expenditure reduction plans
  • * Debt refinancing activity and access to capital markets
  • * Revenue stabilization and operating margin sustainability

Spire Inc. (SRJN) Financial Metrics & Key Ratios

Revenue
$762.2M
Net Income
$95.0M
EPS (Diluted)
$1.54
Free Cash Flow
$-121.8M
Total Assets
$11.9B
Cash Position
$4.1M

💡 AI Analyst Insight

The current ratio below 1.0x warrants monitoring of short-term liquidity.

SRJN Profit Margin, ROE & Profitability Analysis

Gross Margin N/A
Operating Margin 22.8%
Net Margin 12.5%
ROE 2.8%
ROA 0.8%
FCF Margin -16.0%

SRJN vs Utilities Sector: How Spire Inc. Compares

How Spire Inc. compares to Utilities sector averages

Net Margin
SRJN 12.5%
vs
Sector Avg 12.0%
SRJN Sector
ROE
SRJN 2.8%
vs
Sector Avg 10.0%
SRJN Sector
Current Ratio
SRJN 0.6x
vs
Sector Avg 0.8x
SRJN Sector
Debt/Equity
SRJN 1.3x
vs
Sector Avg 1.4x
SRJN Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Spire Inc. Stock Overvalued? SRJN Valuation Analysis 2026

Based on fundamental analysis, Spire Inc. has mixed fundamental signals relative to the Utilities sector in 2026.

Return on Equity
2.8%
Sector avg: 10%
Net Profit Margin
12.5%
Sector avg: 12%
Revenue Growth
N/A
Year-over-year
Debt/Equity
1.30x
Sector avg: 1.4x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Spire Inc. Balance Sheet: SRJN Debt, Cash & Liquidity

Current Ratio
0.61x
Quick Ratio
0.61x
Debt/Equity
1.30x
Debt/Assets
0.0%
Interest Coverage
2.87x
Long-term Debt
$4.4B

SRJN Revenue & Earnings Growth: 5-Year Financial Trend

SRJN 5-year financial data: Year 2021: Revenue $2.2B, Net Income $184.6M, EPS $3.52. Year 2022: Revenue $2.2B, Net Income $88.6M, EPS $1.44. Year 2023: Revenue $2.7B, Net Income $271.7M, EPS $4.96. Year 2024: Revenue $2.7B, Net Income $220.8M, EPS $3.95. Year 2025: Revenue $2.7B, Net Income $217.5M, EPS $3.85.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Spire Inc.'s revenue has grown significantly by 19% over the 5-year period, indicating strong business expansion. The most recent EPS of $3.85 reflects profitable operations.

SRJN Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-16.0%
Free cash flow / Revenue

SRJN Quarterly Earnings & Performance

Quarterly financial performance data for Spire Inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q3 2025 $414.1M -$12.6M $-0.28
Q2 2025 $1.1B $204.3M $3.51
Q1 2025 $669.1M $81.3M $1.34
Q3 2024 $414.1M -$12.6M $-0.28
Q2 2024 $1.1B $179.2M $3.33
Q1 2024 $756.6M $85.1M $1.52
Q3 2023 $418.5M -$1.4M $-0.10
Q2 2023 $880.9M $173.6M $3.27

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Spire Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$81.0M
Cash generated from operations
Capital Expenditures
$202.8M
Investment in assets
Dividends Paid
$47.2M
Returned to shareholders

SRJN SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Spire Inc. (CIK: 0001126956)

📋 Recent SEC Filings

Date Form Document Action
Apr 15, 2026 8-K sr-20260414.htm View →
Mar 31, 2026 8-K sr-20260326.htm View →
Mar 30, 2026 8-K sr-20260328.htm View →
Mar 16, 2026 8-K d91656d8k.htm View →
Feb 18, 2026 8-K sr-20260213.htm View →

Frequently Asked Questions about SRJN

What is the AI rating for SRJN?

Spire Inc. (SRJN) has an AI rating of SELL with 78% confidence, based on fundamental analysis of SEC EDGAR filings.

What are SRJN's key strengths?

Claude: Net income growth of 5.9% YoY despite revenue decline demonstrates operational efficiency and cost control. Solid operating margin of 22.8% indicates effective expense management for a utility operator.

What are the risks of investing in SRJN?

Claude: Severe negative free cash flow of -121.8M indicates capital spending significantly exceeds operating cash generation and is unsustainable. Critically low cash position (4.1M) combined with 4.4B long-term debt and sub-1.0 current ratio signal acute liquidity stress.

What is SRJN's revenue and growth?

Spire Inc. reported revenue of $762.2M.

Does SRJN pay dividends?

Spire Inc. pays dividends, with $47.2M distributed to shareholders in the trailing twelve months.

Where can I find SRJN SEC filings?

Official SEC filings for Spire Inc. (CIK: 0001126956) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is SRJN's EPS?

Spire Inc. has a diluted EPS of $1.54.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is SRJN a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, Spire Inc. has a SELL rating with 78% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.

Is SRJN stock overvalued or undervalued?

Valuation metrics for SRJN: ROE of 2.8% (sector avg: 10%), net margin of 12.5% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.

Should I buy SRJN stock in 2026?

Our dual AI analysis gives Spire Inc. a combined SELL rating for 2026. Revenue is data pending, with profitability above sector average. Always conduct your own research.

What is SRJN's free cash flow?

Spire Inc.'s operating cash flow is $81.0M, with capital expenditures of $202.8M. FCF margin is -16.0%.

How does SRJN compare to other Utilities stocks?

Vs Utilities sector averages: Net margin 12.5% (avg: 12%), ROE 2.8% (avg: 10%), current ratio 0.61 (avg: 0.8).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Apr 16, 2026 | Data as of: 2025-12-31 | Powered by Claude AI