Spire Inc (SR)

Gross profit margin

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Gross profit	US$ in thousands	2,284,000	2,194,500	1,813,900	2,093,200	-276,900
Revenue	US$ in thousands	2,593,000	2,480,600	2,078,700	2,128,900	1,749,900
Gross profit margin		88.08%	88.47%	87.26%	98.32%	-15.82%

September 30, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $2,284,000K ÷ $2,593,000K
= 88.08%

The gross profit margin of Spire Inc has been relatively stable over the past five years, with a slight fluctuation observed. In Sep 30, 2024, the gross profit margin was 88.08%, showing a slight decline compared to the previous year's 88.47%. This indicates that the company was able to retain 88.08% of its total revenue after accounting for the cost of goods sold.

However, looking back to Sep 30, 2021, there was a significant drop in the gross profit margin to 98.32%, which may have been influenced by various factors such as fluctuations in production costs or pricing strategies.

The negative gross profit margin of -15.82% in Sep 30, 2020 is an anomaly that may be attributed to extraordinary circumstances, such as accounting errors or one-time charges impacting the cost of goods sold.

Overall, the consistent high gross profit margins of Spire Inc in recent years suggest efficient cost management and strong pricing strategies, which are positive indicators of the company's profitability and operational performance.