SRSPIRE INC
Natural Gas Distribution
- Revenue
- $2.5B
- 4.5% YoY
- Operating margin
- 21.2%
- 12% YoY
- EBITDA
- $822M
- 7.2% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 1.1×
- $926M net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear213% of net incomeCash flow under 80% of net income
- Dilutive SBCClear0% of revenueOver 10% of revenue
- Payouts exceed cash flowClear32% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear13% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $2.2B | $2.2B | $2.7B | $2.6B | $2.5B | 4.5% |
| Operating income | $450M | $408M | $419M | $488M | $524M | 7.3% |
| Net income | $272M | $221M | $218M | $251M | $272M | 8.3% |
| Operating cash flow | $250M | $55M | $440M | $912M | $578M | 37% |
| Capex | $625M | $552M | $663M | $861M | $922M | 7.1% |
| Stock-based comp | $14M | $6M | $10M | $6M | $7M | 16% |
| Dividends | $133M | $142M | $151M | $167M | $182M | 9.0% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
No pay-versus-performance disclosure yet.