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Spire Valuation Multiples
Discover revenue and EBITDA valuation multiples for Spire and similar public comparables like Contact Energy, Mercury NZ, China Resources Gas, Aboitiz Power and more.
Spire Overview
About Spire
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.
Founded
2000
HQ
Employees
3.5K
Website
Sectors
Financials (LTM)
EV
$11B
Spire Financials
Spire reported last 12-month revenue of $3B and EBITDA of $915M.
In the same LTM period, Spire generated $2B in gross profit, $915M in EBITDA, and $287M in net income.
Revenue (LTM)
Spire P&L
In the most recent fiscal year, Spire reported revenue of $2B and EBITDA of $834M.
Spire expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $3B | XXX | $2B | XXX | XXX | XXX |
| Gross Profit | $2B | XXX | $1B | XXX | XXX | XXX |
| Gross Margin | 67% | XXX | 42% | XXX | XXX | XXX |
| EBITDA | $915M | XXX | $834M | XXX | XXX | XXX |
| EBITDA Margin | 35% | XXX | 34% | XXX | XXX | XXX |
| EBIT Margin | 23% | XXX | 21% | XXX | XXX | XXX |
| Net Profit | $287M | XXX | $272M | XXX | XXX | XXX |
| Net Margin | 11% | XXX | 11% | XXX | XXX | XXX |
| Net Debt | — | — | $5B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Spire Stock Performance
Spire has current market cap of $5B, and enterprise value of $11B.
Market Cap Evolution
Spire's stock price is $92.31.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $11B | $5B | 0.0% | XXX | XXX | XXX | $4.60 |
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Start Free TrialSpire Valuation Multiples
Spire trades at 4.3x EV/Revenue multiple, and 12.1x EV/EBITDA.
EV / Revenue (LTM)
Spire Financial Valuation Multiples
As of April 19, 2026, Spire has market cap of $5B and EV of $11B.
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 19.0x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $5B | XXX | $5B | XXX | XXX | XXX |
| EV (current) | $11B | XXX | $11B | XXX | XXX | XXX |
| EV/Revenue | 4.3x | XXX | 4.5x | XXX | XXX | XXX |
| EV/EBITDA | 12.1x | XXX | 13.2x | XXX | XXX | XXX |
| EV/EBIT | 18.9x | XXX | 20.8x | XXX | XXX | XXX |
| EV/Gross Profit | 6.4x | XXX | 10.7x | XXX | XXX | XXX |
| P/E | 19.0x | XXX | 20.1x | XXX | XXX | XXX |
| EV/FCF | — | XXX | (32.1x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Spire Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Spire Margins & Growth Rates
Spire's revenue in the last 12 month grew by 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 45% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Spire's rule of X is 56% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Spire Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 7% | XXX | 8% | XXX | XXX | XXX |
| EBITDA Margin | 35% | XXX | 34% | XXX | XXX | XXX |
| EBITDA Growth | 14% | XXX | 18% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 45% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 56% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.7M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 20% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Spire Public Comps
See public comps and valuation multiples for other Energy Services and Utilities comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Spire | XXX | XXX | XXX | XXX | XXX | XXX |
| Contact Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| Mercury NZ | XXX | XXX | XXX | XXX | XXX | XXX |
| China Resources Gas | XXX | XXX | XXX | XXX | XXX | XXX |
| Aboitiz Power | XXX | XXX | XXX | XXX | XXX | XXX |
| Kurita Water | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Spire M&A Activity
Spire acquired XXX companies to date.
Last acquisition by Spire was on XXXXXXXX, XXXXX. Spire acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Spire
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Get Verified M&A Valuation Multiples
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Start Free TrialSpire Investment Activity
Spire invested in XXX companies to date.
Spire made its latest investment on XXXXXXXX, XXXXX. Spire invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Spire
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Spire
| When was Spire founded? | Spire was founded in 2000. |
| Where is Spire headquartered? | Spire is headquartered in United States. |
| How many employees does Spire have? | As of today, Spire has over 3K employees. |
| Who is the CEO of Spire? | Spire's CEO is Scott Edward Doyle. |
| Is Spire publicly listed? | Yes, Spire is a public company listed on NYSE. |
| 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? | Spire main competitors are Contact Energy, Mercury NZ, China Resources Gas, Aboitiz Power. |
| What is the current market cap of Spire? | Spire's current market cap is $5B. |
| What is the current revenue of Spire? | Spire's last 12 months revenue is $3B. |
| 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 4.3x. |
| 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 $915M. |
| What is Spire's EBITDA margin? | Spire's last 12 months EBITDA margin is 35%. |
| What is the current EV/EBITDA multiple of Spire? | Current EBITDA multiple of Spire is 12.1x. |
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