Spire Inc.

SRNYSEUtilities● Active

$80.38

$-2.00(-2.43%)

Market Cap$4.8B

P/E Ratio—

52W High$95.31

52W Low$71.24

Avg Volume420K

Open$81.61

Beta0.54

Overview

Spire Inc. (SR) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

SR · free cash flow · updated Jun 9, 2026

Core FCF metrics

SR · FCF · TTM · margin & CAGR

Free cash flow was −$344.4M for FY2025 (fiscal year ending 2025-09-30), down 774.0% year-over-year The FCF margin was -13.9%.

FY2025 Free Cash Flow−$344.4M▼ -774.0% YoY

Trailing 12M (TTM)−$203.1Mtrailing 4 quarters sum

FCF Margin-13.9%−$344.4M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 9, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

SR · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$578.0M(922M)−$344.4M▼ 774.0%-13.9%

FY2024$912.4M(861M)$51.1M▲ +123.0%2.0%

FY2023$440.2M(663M)−$222.3M▲ +55.3%-8.3%

FY2022$55.0M(552M)−$497.2M▼ 32.6%-22.6%

FY2021$249.8M(625M)−$375.0M▼ 122.6%-16.8%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

SR · P/FCF · FCF yield · FCF per share

Spire Inc. (SR) reported negative free cash flow of −$0.34B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-09-30

Cash flow statement summary

SR · cash flow statement · operating / investing / financing

For FY2025, Spire Inc. generated $578.0M in operating cash flow and spent 922M in capital expenditures, yielding −$344.4M in free cash flow.

Operating Activities

+$578.0M

Cash from core business operations

2025-09-30

Investing Activities

−$916.4M

CapEx, acquisitions & investments

2025-09-30

Financing Activities

+$344.7M

Buybacks, dividends & debt

2025-09-30

FCF FormulaOperating CF ($578.0M) − |CapEx| (922M) = FCF (−$344.4M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Utilities)

SR vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Spire Inc.YOU

−$344.4M-774.0%-13.9%

Loss

Constellation Energy Corporation

CEG

$1.29B+125.6%5.0%

35%

Duke Energy Corporation

Utilities · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Spire Inc. (SR) reported free cash flow of −$344.4M for FY2025 (fiscal year ending 2025-09-30), down 774.0% year-over-year. The FCF margin was -13.9%.

Based on available data, Spire Inc. has maintained positive free cash flow for at least 6 fiscal year(s). FCF peaked at $99.5M in FY2011.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

SR free cash flow · 8 questions

Spire Inc. free cash flow was −$344.4M for FY2025, down 774.0% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$203.1M.

SR free cash flowSR FCFSR FCF 2025SR free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Spire Inc. · Spire Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 9, 2026