Spire Global (SPIR) Return on Invested Capital [ROIC] (2021 - 2025)
Spire Global (SPIR) recorded Return on Invested Capital [ROIC] of -70.96% in Q4 2025, down 6.47 percentage points from -64.49% a year earlier and down 3.37 percentage points from the prior quarter.
Spire Global (SPIR) Return on Invested Capital [ROIC] (2021 - 2025) Analysis & Trends
For FY2025, Spire Global reported Return on Invested Capital [ROIC] of -89.76%, down 31.73 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] has a four-year change of -27.89 percentage points (FY2021 to FY2025).
- Across earlier years, Return on Invested Capital [ROIC] came in at -58.03% in FY2024 (-23.67 pp), -34.36% in FY2023 (+2.24 pp), -36.61% in FY2022 (+25.27 pp) and -61.87% in FY2021.
- Quarterly Return on Invested Capital [ROIC] has ranged from -85.14% in Q1 2025 to -31.43% in Q1 2022 over the past five years.
- On a year-over-year basis, Return on Invested Capital [ROIC] has declined for five consecutive quarters, with an average year-over-year change of -17.53 percentage points over the last eight quarters.
- Peak year-over-year performance for Return on Invested Capital [ROIC] in the last five years was a gain of 5.08 percentage points in Q1 2024, against a drop of 51.00 percentage points in Q1 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at -67.59% (Q3 2025), -69.65% (Q2 2025) and -85.14% (Q1 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 235.00 Bn | 220.07 Bn | 2.30 Bn | - |
| 2 | CrowdStrike Holdings | 221.18 Bn | 201.58 Bn | 1.10 Bn | -2.11% |
| 3 | Snowflake | 96.49 Bn | 83.81 Bn | 1.04 Bn | - |
| 4 | Fortinet | 87.26 Bn | 71.51 Bn | 1.64 Bn | 88.94% |
| 5 | Datadog | 64.27 Bn | 44.82 Bn | 959.92 Mn | - |
| 6 | Zscaler | 31.67 Bn | 17.82 Bn | 689.22 Mn | - |
| 7 | Okta | 29.42 Bn | 19.51 Bn | 641.00 Mn | 2.98% |
| 8 | Axon Enterprise | 25.30 Bn | 19.82 Bn | 546.45 Mn | 0.45% |
| 9 | MongoDB | 25.20 Bn | 15.67 Bn | 569.77 Mn | - |
| 10 | Spire Global | 332.02 Mn | 12.36 Mn | 6.16 Mn | - |
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | -70.96% |
| Sep 30, 2025 | -67.59% |
| Jun 30, 2025 | -69.65% |
| Mar 31, 2025 | -85.14% |
| Dec 31, 2024 | -64.49% |
| Sep 30, 2024 | -37.05% |
| Jun 30, 2024 | -34.36% |
| Mar 31, 2024 | -34.14% |
| Dec 31, 2023 | -36.72% |
| Sep 30, 2023 | -40.01% |
| Jun 30, 2023 | -37.15% |
| Mar 31, 2023 | -39.22% |
| Dec 31, 2022 | -38.57% |
| Sep 30, 2022 | -32.93% |
| Jun 30, 2022 | -32.51% |
| Mar 31, 2022 | -31.43% |
| Dec 31, 2021 | -35.09% |
Spire Global Return on Invested Capital [ROIC] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=SPIR&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "SPIR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()
const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=SPIR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();