Spire (SR) Operating Margin (2009 - 2026)
Spire (SR) recorded Operating Margin of 29.75% in fiscal Q2 2026 (quarter ended Mar 31, 2026), up 1.29 percentage points from 28.46% a year earlier and up 6.99 percentage points from the prior quarter.
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Analysis
Spire (SR) Operating Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Spire's Operating Margin came in at 21.50% as of Mar 31, 2026, up 1.22 percentage points year-over-year; for FY2025 (ended Sep 30, 2025), it was 21.16%, up 2.32 percentage points from FY2024.
- Annual Operating Margin has a five-year change of +10.03 percentage points (FY2020 to FY2025).
- Across earlier fiscal years, Operating Margin came in at 18.83% in FY2024 (+3.13 pp), 15.70% in FY2023 (-2.87 pp), 18.57% in FY2022 (-1.57 pp) and 20.14% in FY2021 (+9.01 pp).
- The fiscal Q2 2026 figure is the highest quarterly Operating Margin in data going back to fiscal Q2 2009.
- On a year-over-year basis, Operating Margin rose in seven of the last eight quarters, with an average year-over-year change of +2.79 percentage points.
- Peak year-over-year performance for Operating Margin in the last five years was a gain of 43.30 percentage points in fiscal Q3 2021, against a drop of 19.71 percentage points in fiscal Q4 2023 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at 22.76% (Q1 2026), -0.15% (Q4 2025) and 16.40% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Nextera Energy | 176.98 Bn | 163.72 Bn | - | 32.44% |
| 2 | Southern | 107.12 Bn | 98.18 Bn | 5.92 Bn | 25.46% |
| 3 | Duke Energy | 99.06 Bn | 99.06 Bn | - | - |
| 4 | National Grid | 82.54 Bn | 54.83 Bn | - | - |
| 5 | American Electric Power | 70.79 Bn | 67.97 Bn | 3.84 Bn | 22.90% |
| 6 | Dominion Energy | 59.48 Bn | 57.47 Bn | - | 7.34% |
| 7 | Sempra | 56.11 Bn | 55.23 Bn | 2.89 Bn | 17.45% |
| 8 | Entergy | 50.25 Bn | 39.38 Bn | - | 24.13% |
| 9 | Xcel Energy | 49.67 Bn | 43.14 Bn | - | 28.55% |
| 10 | Spire | 5.25 Bn | 5.25 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 29.75% |
| Dec 31, 2025 | 22.76% |
| Sep 30, 2025 | -0.15% |
| Jun 30, 2025 | 16.40% |
| Mar 31, 2025 | 28.46% |
| Dec 31, 2024 | 22.24% |
| Sep 30, 2024 | 6.74% |
| Jun 30, 2024 | 7.41% |
| Mar 31, 2024 | 26.46% |
| Dec 31, 2023 | 18.40% |
| Sep 30, 2023 | -1.26% |
| Jun 30, 2023 | 2.87% |
| Mar 31, 2023 | 23.17% |
| Dec 31, 2022 | 18.45% |
| Sep 30, 2022 | 18.45% |
| Jun 30, 2022 | 8.46% |
| Mar 31, 2022 | 27.84% |
| Dec 31, 2021 | 17.16% |
| Sep 30, 2021 | 17.16% |
| Jun 30, 2021 | 10.13% |
API Access
Spire Operating 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=operating-margin&ticker=SR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=SR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();