Spire Inc. SR NYSE

Spire Inc. (SR) generated $578M in operating cash flow for fiscal year 2025. After capital expenditures of $922.4M, free cash flow was $-344.4M.

Free cash flow margin was -13.9% of revenue. Cash conversion ratio was 2.13x, indicating earnings are backed by cash.

The company returned $182.2M in dividends to shareholders during the period.

Criteria supported by this page:

• HEALTH (0/100, Fail) — weak cash flow raises concerns about debt servicing
• MOAT (74/100, Pass) — $-344.4M (-13.9% FCF margin) supports a durable competitive advantage
• INCOME (55/100) — Cash conversion ratio was 2.13x confirms earnings are backed by real cash flow

Overall SharesGrow Score: 53/100 with 2/7 criteria passed.