Spire Inc. — Earnings Quality Grade F
SR · Utilities
Major red flags
Screening Summary
Management Signals
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 28 days, change +1 days YoY
AR outpaced revenue for 2 consecutive years
Revenue -4.5%, CFFO -36.7%. Cash follows revenue
Expense Quality
Inventory growth 7.0% far exceeds COGS -10.1%, margin rising. Fraud signal
CapEx growth 7.1% vs revenue -4.5%. Normal
Insufficient data
Gross margin 41.5%, change +3.7pp. Stable
Cash Flow Quality
CFFO/NI = 2.13. Profits backed by cash
FCF < 50% of Net Income for 3 years
Accruals ratio = -2.6%. Low accruals
Cash $0.0B covers only 0% of debt $5.2B
Balance Sheet Health
Goodwill+Intangibles $1.2B = 35% of equity
Debt/EBITDA = 6.2x (>4x). Financial stress
Other assets 8.2% vs revenue -4.5%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions negative for 3 years
Goodwill+Intangibles change 0% YoY. Normal
Manipulation Score
Insufficient data
Portfolio monitoring
Monitor SR continuously
The full checks and model details are free to read. Use Watchlist to track your holdings; Pro adds automatic quarterly rescoring, risk-event email alerts, scans up to 50 tickers, and export workflows.
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25