Based on the latest figures, Spire reports a gross margin of 33%, an operating margin of 19.5%, an EBITDA margin of 47.4%, and a net margin of 21.6%. EBITDA margin led the available margin improvements with a 11.7 percentage-point increase, while operating margin fell by 0.9 percentage points.
SR margin history
Over the last 3 years, Spire recorded average margins of 30.78% gross, 19.1% operating, 33.73% EBITDA, and 11.66% net. The current gross, operating, EBITDA, and net margins are all above their three-year averages.
SR margin expansion
EBITDA margin expanded by 11.7 percentage points and net margin by 9.1 percentage points, while operating margin contracted by 0.9 percentage points.
SR Gross margin
Over the last 3 years, Spire's gross margin averaged 30.78%. The current gross margin of 33% is 2.2 percentage points above its three-year average. During this period, gross margin reached a high of 33.2% in Sep 2025 and a low of 25.6% in Dec 2023.
SR Operating margin
Over the last 3 years, Spire's operating margin averaged 19.1%. As of the latest period, Spire's current operating margin is 19.5%, which is 0.4 percentage points above its three-year average. During this period, operating margin reached a high of 21.2% in Sep 2025 and a low of 15.6% in Dec 2023.
SR EBITDA margin
Across the last 3 years, Spire's EBITDA margin averaged 33.73%. The current EBITDA margin stands at 47.4%, 13.7 percentage points above its three-year average. EBITDA margin was highest at 47.4% in Jun 2026 and lowest at 26.9% in Dec 2023.
SR Net margin
The average net margin for Spire was 11.66% in the last 3 years. As of the latest period, the current net margin for Spire is 21.6%, 9.9 percentage points above its three-year average. The net margin for Spire moved between 8.1% in Dec 2023 and 21.6% in Jun 2026.
SR margin group comparison
Spire's gross margin of 33% is lower than the Utilities sector and the industry average. In comparison with the Utilities sector average of 43.2%, Spire's gross margin is 24% lower.
SR margin peer comparison
Frequently asked questions
What is Spire's gross margin?
As of Jun 30, 2026, SR has a gross margin of 33%.
What is Spire's operating margin?
As of Jun 30, 2026, SR has an operating margin of 19.5%.
What is Spire's EBITDA margin?
The current EBITDA margin for SR is 47.4% as of Jun 30, 2026.
What is Spire's net margin?
The current net margin for SR is 21.6% as of Jun 30, 2026.
What are the average margins of SR?
Over the last 3 years, Spire's margins averaged 30.8% gross, 19.1% operating, 33.7% EBITDA, and 11.7% net.
What are the highest historical margins of SR?
Over the last 5 years, Spire's highest margins were 33.2% gross in Sep 2025, 21.2% operating in Sep 2025, 47.4% EBITDA in Jun 2026, and 21.6% net in Jun 2026.
What are the lowest historical margins of SR?
Spire's lowest recorded margins during the past 5 years were 25.3% gross in Sep 2023, 15.6% operating in Dec 2023, 26.1% EBITDA in Sep 2023, and 8.1% net in Dec 2023.