SpireSR +1.39%77 EBITDA Margin % is 41.24% as of Mar. 2026, which is 48% above its 10-year median of 27.79. GuruFocus rates SR with a GF Score™ of 77/100 and a GF Value™ of $60.47 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 499 Utilities - Regulated companies, Spire ranks better than 68.54% on this metric.
EBITDA Margin % is calculated as EBITDA divided by its Revenue. Spire's EBITDA for the
three
months ended in Mar. 2026 was $421 Mil. Spire's Revenue for the
three
months ended in Mar. 2026 was $1,020 Mil. Therefore, Spire's EBITDA margin for the quarter that ended in Mar. 2026 was 41.24%.
Spire (NYSE:SR) EBITDA Margin % Explanation
EBITDA Margin % is the ratio of EBITDA divided by net sales or Revenue. It is an performance metric measuring company's operating profitability. EBITDA Margin takes depreciation and amortization, interest expense and tax into account, which makes it easy to compare the relative profitability of companies of different sizes in the same industry.
Spire EBITDA Margin % Related Terms
Spire EBITDA Margin % Historical Data
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The historical data trend for Spire's EBITDA Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Utilities - Regulated Gas subindustry, Spire's EBITDA Margin %, along with its competitors' market caps and EBITDA Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Spire EBITDA Margin % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Spire's EBITDA Margin % distribution charts can be found below:
* The bar in red indicates where Spire's EBITDA Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Spire (SR) has a EBITDA Margin % of 41.24% as of Mar. 2026. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Spire and its competitors. This is 48% above median its historical median of 27.79. Over the past decade, Spire's EBITDA Margin % has ranged from 21.76 to 35.84. According to the industry distribution chart, Spire ranks #157 out of 499 companies in the Utilities - Regulated industry, placing it in the top 31.5%.
Is Spire's EBITDA Margin % too high?
Spire's current EBITDA Margin % of 41.24% is 48% above median its 10-year median of 27.79. Over the past 10 years, this metric has ranged from a low of 21.76 to a high of 35.84. The Utilities - Regulated industry median EBITDA Margin % is 23.94. Spire's value of 41.24% is 72.3% above this industry median. Based on the distribution chart, Spire ranks #157 out of 499 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Spire has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Spire's EBITDA Margin % compare to OGS and MDU?
According to the Utilities - Regulated industry distribution chart, Spire ranks #157 out of 499 companies for EBITDA Margin %. This puts Spire in the upper half of its industry. The industry median EBITDA Margin % is 23.94. Spire's value of 41.24% is 72.3% above this benchmark. Historically, Spire's own EBITDA Margin % has ranged from 21.76 to 35.84 over the past decade. While the company's 10-year median is 27.79 vs. the industry median of 23.94, Spire has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBITDA Margin % for an Utilities - Regulated company?
The median EBITDA Margin % among Utilities - Regulated companies is 23.94, based on 499 companies in the industry. Companies in the top quartile (top 25%) have a EBITDA Margin % significantly above this median, while those in the bottom quartile fall well below. However, EBITDA Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Spire's current EBITDA Margin % of 41.24% is 72.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBITDA Margin % mean?
A high EBITDA Margin % can signal that a stock is expensive relative to its fundamentals. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Spire and its competitors. For the Utilities - Regulated industry, the median EBITDA Margin % is 23.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spire's current EBITDA Margin % is 41.24%, which is 48% above median its own 10-year median of 27.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spire stock overvalued right now?
Based on GuruFocus' analysis, Spire (SR) is currently considered Significantly Overvalued. The stock's GF Value™ is $60.47, compared to a current price of $79.48 — trading 31.4% above its estimated fair value. The current EBITDA Margin % is 41.24%, which is 48% above median its 10-year median of 27.79 and 72.3% above the Utilities - Regulated industry median of 23.94. Spire's overall GF Score™ is 77/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBITDA Margin % calculated?
EBITDA Margin % is calculated from a company's financial statements. For Spire (SR), the current EBITDA Margin % is 41.24% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Spire (SR) Overvalued in 2026?
Based on GuruFocus' analysis, Spire stock appears to be overvalued.
The current stock price of $79.48 is trading 31.4% above its estimated GF Value™ of $60.47.
GuruFocus considers Spire to be Significantly Overvalued.
Key valuation signals for SR:
EBITDA Margin %: 41.24% (48% above median its 10-year median of 27.79)
GF Value™: $60.47 vs. price of $79.48 (31.4% above fair value)
Industry Position: 72.3% above the Utilities - Regulated median (#157 of 499)
No single metric tells the full story. See the SR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Spire Inc. is the holding company for Spire Missouri, Spire Alabama, other gas utilities, and gas-related businesses, focused on growing organically, investing in infrastructure, and advancing through innovation. Its three segments are Gas Utility, Gas Marketing, and Midstream. The Gas Utility segment is the core business and includes Spire Missouri, Spire Alabama, and Spire EnergySouth. The Gas Marketing segment includes Spire Marketing, which provides non-regulated natural gas services across the U.S. The Midstream segment includes Spire Storage, Spire STL Pipeline, and Spire MoGas Pipeline. The majority of revenue comes from Gas Utility.
77GF Score
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