Spire (SR) Net Margin (2009 - 2026)
Spire (SR) reported Net Margin of 26.70% for fiscal Q2 2026 (quarter ended Mar 31, 2026), up 5.67 percentage points from 21.03% a year earlier and up 14.73 percentage points from the prior quarter.
Spire (SR) Net Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Mar 31, 2026, Spire's Net Margin came in at 13.29%, up 3.22 percentage points year-over-year; for FY2025 (ended Sep 30, 2025), it came in at 10.36%, up 1.27 percentage points from FY2024.
- Net Margin has a five-year change of +6.39 percentage points (FY2020 to FY2025).
- By fiscal year, Net Margin came in at 9.09% in FY2024 (+1.50 pp), 7.59% in FY2023 (-1.77 pp), 9.36% in FY2022 (-2.12 pp) and 11.47% in FY2021 (+7.50 pp).
- The fiscal Q2 2026 figure ranks as the highest quarterly Net Margin in data going back to fiscal Q2 2009.
- Year over year, Net Margin gained in seven of the last eight quarters, with an average year-over-year change of +2.31 percentage points.
- The high point for year-over-year Net Margin in five years was fiscal Q3 2021 (a gain of 30.32 percentage points); the low point was fiscal Q4 2023 (a drop of 21.89 percentage points).
- Per Business Quant data, the three fiscal quarters before Q2 2026 came in at 11.97% (Q1 2026), -12.99% (Q4 2025) and 4.08% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Nextera Energy | 162.78 Bn | 152.72 Bn | - | 41.73% |
| 2 | Southern | 100.19 Bn | 91.25 Bn | 5.92 Bn | 16.83% |
| 3 | Duke Energy | 91.91 Bn | 88.50 Bn | 6.74 Bn | 16.74% |
| 4 | National Grid | 77.40 Bn | 49.69 Bn | - | - |
| 5 | American Electric Power | 68.36 Bn | 65.53 Bn | 3.84 Bn | 7.77% |
| 6 | Dominion Energy | 54.82 Bn | 52.81 Bn | - | 7.59% |
| 7 | Sempra | 53.87 Bn | 52.99 Bn | 2.89 Bn | 26.56% |
| 8 | Entergy | 48.18 Bn | 37.31 Bn | - | 13.70% |
| 9 | Xcel Energy | 46.63 Bn | 41.53 Bn | - | 18.79% |
| 10 | Spire | 4.73 Bn | 4.66 Bn | 559.80 Mn | 26.70% |
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 26.70% |
| Dec 31, 2025 | 11.97% |
| Sep 30, 2025 | -12.99% |
| Jun 30, 2025 | 4.08% |
| Mar 31, 2025 | 21.03% |
| Dec 31, 2024 | 11.58% |
| Sep 30, 2024 | -10.04% |
| Jun 30, 2024 | -3.94% |
| Mar 31, 2024 | 17.75% |
| Dec 31, 2023 | 10.75% |
| Sep 30, 2023 | -11.18% |
| Jun 30, 2023 | -6.02% |
| Mar 31, 2023 | 15.59% |
| Dec 31, 2022 | 10.71% |
| Sep 30, 2022 | 10.71% |
| Jun 30, 2022 | -1.14% |
| Mar 31, 2022 | 19.26% |
| Dec 31, 2021 | 9.34% |
| Sep 30, 2021 | 9.34% |
| Jun 30, 2021 | 0.46% |
Spire Net Margin 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=net-margin&ticker=SR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "SR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=SR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();