Spire Inc (SR) — Capital Reinvestment Ratio
Spire Inc (SR) has a Capital Reinvestment Ratio of 1.75x as of June 2026, meaning it reinvests 2% of its operating cash flow ($122.20 Million) in capital expenditures ($213.40 Million). Check SR goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Spire Inc Capital Reinvestment Ratio (1994–2025)
This chart tracks Spire Inc's Capital Reinvestment Ratio across 29 annual periods. For the full cash flow conversion analysis, see how efficiently does Spire Inc generate cash.
Annual Capital Reinvestment Ratio for Spire Inc (1994–2025)
Year-by-year Capital Reinvestment Ratio for Spire Inc from 1994 to 2025. See Spire Inc free cash flow efficiency to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 1.60x | $578.00 Million | $922.40 Million | ▲ +69.1% |
| 2024 | 0.94x | $912.40 Million | $861.30 Million | ▼ -37.3% |
| 2023 | 1.50x | $440.20 Million | $662.50 Million | ▼ -85.0% |
| 2022 | 10.04x | $55.00 Million | $552.20 Million | ▲ +301.4% |
| 2021 | 2.50x | $249.80 Million | $624.80 Million | ▲ +84.1% |
| 2020 | 1.36x | $469.90 Million | $638.40 Million | ▼ -25.6% |
| 2019 | 1.83x | $450.90 Million | $823.30 Million | ▲ +66.9% |
| 2018 | 1.09x | $456.60 Million | $499.40 Million | ▼ -28.0% |
| 2017 | 1.52x | $288.30 Million | $438.10 Million | ▲ +70.1% |
| 2016 | 0.89x | $328.30 Million | $293.30 Million | ▼ -0.6% |
| 2015 | 0.90x | $322.40 Million | $289.80 Million | ▼ -35.6% |
| 2014 | 1.39x | $122.60 Million | $171.00 Million | ▲ +74.8% |
| 2013 | 0.80x | $163.91 Million | $130.79 Million | ▼ -6.1% |
| 2012 | 0.85x | $128.10 Million | $108.84 Million | ▲ +110.0% |
| 2011 | 0.40x | $167.19 Million | $67.64 Million | ▼ -24.1% |
| 2010 | 0.53x | $106.92 Million | $57.00 Million | ▲ +132.8% |
| 2009 | 0.23x | $228.75 Million | $52.38 Million | ▼ -68.4% |
| 2007 | 0.72x | $81.29 Million | $58.87 Million | ▲ +24.0% |
| 2005 | 0.58x | $103.09 Million | $60.20 Million | ▼ -4.3% |
| 2004 | 0.61x | $84.12 Million | $51.31 Million | ▼ -3.5% |
| 2002 | 0.63x | $83.84 Million | $53.00 Million | ▼ -49.0% |
| 2001 | 1.24x | $37.90 Million | $46.95 Million | ▼ -92.7% |
| 2000 | 16.95x | $3.05 Million | $51.63 Million | ▲ +1400.2% |
| 1999 | 1.13x | $43.10 Million | $48.70 Million | ▲ +16.8% |
| 1998 | 0.97x | $48.90 Million | $47.30 Million | ▲ +22.3% |
| 1997 | 0.79x | $54.10 Million | $42.80 Million | ▼ -20.7% |
| 1996 | 1.00x | $41.30 Million | $41.20 Million | ▼ -38.6% |
| 1995 | 1.62x | $28.20 Million | $45.80 Million | ▲ +81.1% |
| 1994 | 0.90x | $43.70 Million | $39.20 Million | — |