Company / Operating Margin
Spire Operating Margin History
FY2019-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
21.2%
FY2025
5-year range
15.7% / 21.2%
FY2021-FY2025
Trend
+12.4%
vs FY2024
Sector context
#35 of 61
Utilities
What the data says
At 21.2%, Spire's operating margin ranks #35 of 61 in the Utilities sector. Operating Margin has fluctuated over the past 7 years, ranging from 11.1% in FY2020 to 21.2% in FY2025.
Based on SEC 10-K filings.
21.2% in FY2025 with a 5-year CAGR of +10.0%.
Improved from 15.7% to 21.2% over the past 2 years.
Utilities sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- +2.6pp
- 5-Year Change
- +10.0pp
- 10-Year Change
- -
Sector benchmark
#35 of 61 in UtilitiesTop 57% of 61This company 21.2% Sector average 21.7%
▼
-2.3% below sector average
Key checks
Key Insights
- In FY2025, operating margin increased 12.4% year-over-year.
- Currently 0.5pp below the Utilities sector average.
- Lowest operating margin in the period was in FY2020.
Company context
Key Data Points
- Altman Z-Score 0.50 (distress zone, below 1.8 threshold)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 21.2% | +12.4% |
| FY2024 | 18.8% | +19.9% |
| FY2023 | 15.7% | -15.5% |
| FY2022 | 18.6% | -7.8% |
| FY2021 | 20.1% | +81.0% |
| FY2020 | 11.1% | -28.2% |
| FY2019 | 15.5% | - |
| FY2018 | - | - |
| FY2017 | - | - |
| FY2016 | - | - |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026