Spire Inc (SR)
Return on total capital
| Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 535,500 | 547,600 | 506,900 | 503,400 | 510,700 | 495,900 | 481,100 | 442,500 | 442,000 | 471,000 | 478,500 | 453,000 | 399,500 | 388,500 | 394,900 | 412,300 | 446,800 | 429,600 | 303,900 | 235,700 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 3,389,400 | 3,480,200 | 3,508,700 | 3,317,300 | 3,232,700 | 3,333,200 | 3,390,300 | 3,050,800 | 2,917,300 | 2,932,500 | 2,986,500 | 2,864,100 | 2,818,500 | 2,845,900 | 2,841,200 | 2,669,800 | 2,658,200 | 2,697,100 | 2,731,300 | 2,586,800 |
| Return on total capital | 15.80% | 15.73% | 14.45% | 15.17% | 15.80% | 14.88% | 14.19% | 14.50% | 15.15% | 16.06% | 16.02% | 15.82% | 14.17% | 13.65% | 13.90% | 15.44% | 16.81% | 15.93% | 11.13% | 9.11% |
September 30, 2025 calculation
Return on total capital = EBIT (ttm) ÷ (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
10.36%
NewJersey Resources Corporation
NJR
23.27%
UGI Corporation
UGI
22.94%