| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Assets | $9,356 | $10,084 | $10,314 | $10,861 | $11,575 |
| Liabilities | $6,698 | $7,265 | $7,396 | $7,628 | $8,186 |
| Equity | $2,658 | $2,819 | $2,917 | $3,233 | $3,389 |

Edwyn
Over the past 5 years, Spire Inc. has shown a consistent growth trajectory in its financial position. Total assets have increased steadily from $9.4 billion in 2021 to $11.6 billion in 2025, indicating the company’s ability to expand its asset base over time. This growth suggests that Spire Inc. has been making strategic investments to drive its business forward. Simultaneously, total liabilities have also increased, albeit at a slower pace compared to assets. Liabilities rose from $6.7 billion in 2021 to $8.2 billion in 2025. This indicates that while the company is taking on more debt to fuel its growth, it is doing so in a manageable and sustainable manner. Stockholders' equity has also shown a positive trend, growing from $2.7 billion in 2021 to $3.4 billion in 2025, reflecting the shareholders' increasing stake in the company's value. Overall, Spire Inc.'s financial position appears robust, with a healthy balance between assets, liabilities, and equity. The company's consistent growth in assets and equity suggests that it is on a growth trajectory, possibly driven by strategic acquisitions or organic expansion. The manageable increase in liabilities indicates that the company is maintaining a prudent approach to financing its operations. This financial stability positions Spire Inc. well within the industry context, allowing it to capitalize on opportunities for further growth and value creation.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.