Spire vs Talen Energy
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KIRAβs take AI analyst
I put Spire and Talen Energy side by side, using each oneβs latest annual report. Here is what stands out:
- Talen Energy is the larger business, with $2.6B of revenue in fiscal 2025 against $2.5B for Spire.
- Talen Energy grew revenue faster (22.0%, against β4.5%).
- Spire kept more of each dollar of sales as operating profit (21.2% operating margin, against β3.5%).
- Talen Energy turned more of its sales into free cash flow (23.5% FCF margin, against β13.9%).
- Spire earned a higher return on the capital invested in it (5.2%, against β1.3%).
Who comes out ahead
Of the 8 measures where higher (or lower) is clearly better, how many each company leads.
Spire
SR
5/8
Operating marginNet marginReturn on capitalReturn on equityNet debt / EBITDA
Talen Energy
TLN
3/8
Revenue growthFCF marginShare count change
Side by side
Best in the row
| Latest fiscal year | SR FY25 | TLN FY25 |
|---|---|---|
| Size | ||
| Market cap | $5.1B | $15.5B |
| Revenue | $2.5B | $2.6B |
| Free cash flow | β$344M | $606M |
| Net income | $272M | β$219M |
| Growth | ||
| Revenue growth | β4.5% | 22.0% |
| 5-year growth | 5.9% | β |
| Share count change | 4.3% | β19.1% |
| Profitability | ||
| Gross margin | 58.8% | β |
| Operating margin | 21.2% | β3.5% |
| Net margin | 11.0% | β8.5% |
| FCF margin | β13.9% | 23.5% |
| Return on capital | 5.2% | β1.3% |
| Return on equity | 8.2% | β17.7% |
| Balance sheet | ||
| Net debt | $5.2B | $6.1B |
| Net debt / EBITDA | 6.3x | 32.4x |
| Dividends and buybacks | $182M | $103M |
| Valuation & quality | ||
| P/E | 15.1x | β |
| Piotroski F-score | 5 | β |
Ten years
Revenue
Operating margin
Free cash flow
Return on capital
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.