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Spire Inc. is the holding company for Spire Missouri, Spire Alabama, other gas utilities, and gas-related businesses, focused on growing organically, investing in infrastructure, and advancing through innovation. Its three segments are Gas Utility, Gas Marketing, and Midstream. The Gas Utility segment is the core business and includes Spire Missouri, Spire Alabama, and Spire EnergySouth. The Gas Marketing segment includes Spire Marketing, which provides non-regulated natural gas services across the U.S. The Midstream segment includes Spire Storage, Spire STL Pipeline, and Spire MoGas Pipeline. The majority of revenue comes from Gas Utility.
2000
3.5K+
LTM Revenue $2.5B
LTM EBITDA $850M
$10.4B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
As of November 2025, Spire reported last 12-month revenue of $2.5B and EBITDA of $850M.
In the same period, Spire generated $1.6B in LTM gross profit and $267M in net income.
See Spire valuation multiples based on analyst estimatesIn the most recent fiscal year, Spire reported revenue of $2.5B and EBITDA of $834M.
Spire expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Spire valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $2.5B | XXX | $2.5B | XXX | XXX | XXX |
| Gross Profit | $1.6B | XXX | $1.0B | XXX | XXX | XXX |
| Gross Margin | 65% | XXX | 42% | XXX | XXX | XXX |
| EBITDA | $850M | XXX | $834M | XXX | XXX | XXX |
| EBITDA Margin | 34% | XXX | 34% | XXX | XXX | XXX |
| EBIT | $545M | XXX | $524M | XXX | XXX | XXX |
| EBIT Margin | 22% | XXX | 21% | XXX | XXX | XXX |
| Net Profit | $267M | XXX | $272M | XXX | XXX | XXX |
| Net Margin | 11% | XXX | 11% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $5.2B | XXX | XXX | XXX |
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Spire has current market cap of $4.9B, and EV of $10.4B.
As of December 5, 2025, Spire's stock price is $84.
See Spire trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $10.4B | $4.9B | XXX | XXX | XXX | XXX | $4.57 |
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Start Free TrialSpire's trades at 4.0x EV/Revenue multiple, and 12.9x EV/EBITDA.
See valuation multiples for Spire and 15K+ public compsAs of December 5, 2025, Spire has market cap of $4.9B and EV of $10.4B.
Equity research analysts estimate Spire's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Spire has a P/E ratio of 18.6x.
| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $4.9B | XXX | $4.9B | XXX | XXX | XXX |
| EV (current) | $10.4B | XXX | $10.4B | XXX | XXX | XXX |
| EV/Revenue | 4.1x | XXX | 4.0x | XXX | XXX | XXX |
| EV/EBITDA | 12.2x | XXX | 12.9x | XXX | XXX | XXX |
| EV/EBIT | 19.0x | XXX | 20.8x | XXX | XXX | XXX |
| EV/Gross Profit | 6.3x | XXX | n/a | XXX | XXX | XXX |
| P/E | 18.6x | XXX | 19.3x | XXX | XXX | XXX |
| EV/FCF | -112.3x | XXX | -216.8x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialSpire's last 12 month revenue growth is 7%
Spire's revenue per employee in the last FY averaged $0.7M, while opex per employee averaged $0.1M for the same period.
Spire's rule of 40 is 38% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Spire's rule of X is 52% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Spire and other 15K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 7% | XXX | 3% | XXX | XXX | XXX |
| EBITDA Margin | 34% | XXX | 31% | XXX | XXX | XXX |
| EBITDA Growth | 11% | XXX | 9% | XXX | XXX | XXX |
| Rule of 40 | 38% | XXX | 38% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 52% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.7M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 20% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| ADNOC | XXX | XXX | XXX | XXX | XXX | XXX |
| NMDC Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| Fastned | XXX | XXX | XXX | XXX | XXX | XXX |
| Fugro | XXX | XXX | XXX | XXX | XXX | XXX |
| Royal Vopak | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Spire acquired XXX companies to date.
Last acquisition by Spire was XXXXXXXX, XXXXX XXXXX XXXXXX . Spire acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| When was Spire founded? | Spire was founded in 2000. |
| Where is Spire headquartered? | Spire is headquartered in United States of America. |
| How many employees does Spire have? | As of today, Spire has 3.5K+ employees. |
| Who is the CEO of Spire? | Spire's CEO is Mr. Scott Edward Doyle. |
| Is Spire publicy listed? | Yes, Spire is a public company listed on NYS. |
| What is the stock symbol of Spire? | Spire trades under SR ticker. |
| When did Spire go public? | Spire went public in 1950. |
| Who are competitors of Spire? | Similar companies to Spire include e.g. ADNOC, NMDC Energy, Fastned, Fugro. |
| What is the current market cap of Spire? | Spire's current market cap is $4.9B |
| What is the current revenue of Spire? | Spire's last 12 months revenue is $2.5B. |
| What is the current revenue growth of Spire? | Spire revenue growth (NTM/LTM) is 7%. |
| What is the current EV/Revenue multiple of Spire? | Current revenue multiple of Spire is 4.1x. |
| Is Spire profitable? | Yes, Spire is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Spire? | Spire's last 12 months EBITDA is $850M. |
| What is Spire's EBITDA margin? | Spire's last 12 months EBITDA margin is 34%. |
| What is the current EV/EBITDA multiple of Spire? | Current EBITDA multiple of Spire is 12.2x. |
| What is the current FCF of Spire? | Spire's last 12 months FCF is -$92.3M. |
| What is Spire's FCF margin? | Spire's last 12 months FCF margin is -4%. |
| What is the current EV/FCF multiple of Spire? | Current FCF multiple of Spire is -112.3x. |
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