Spire Inc (SR)
Return on total capital
| Sep 30, 2025 | Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 535,500 | 510,700 | 442,000 | 399,500 | 446,800 |
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 3,389,400 | 3,232,700 | 2,917,300 | 2,818,500 | 2,658,200 |
| Return on total capital | 15.80% | 15.80% | 15.15% | 14.17% | 16.81% |
September 30, 2025 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $535,500K ÷ ($—K + $3,389,400K)
= 15.80%
Peer comparison
Sep 30, 2025
Company name
Symbol
Return on total capital
Spire Inc
SR
15.80%
Atmos Energy Corporation
ATO
12.17%
NewJersey Resources Corporation
NJR
23.21%
UGI Corporation
UGI
23.24%