Spire Inc (SR)

Gross profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	2,125,200	2,238,100	1,967,300	2,018,100	1,857,900	1,632,800	1,653,000	1,595,600	1,821,300	1,268,800	1,306,300	830,400	-275,900	-276,900	-274,400	-125,000	-125,400	-124,600	-1,936,400	-1,560,200
Revenue (ttm)	US$ in thousands	2,416,200	2,524,200	2,541,800	2,588,700	2,365,900	2,078,700	2,060,900	1,943,100	2,168,800	2,128,900	2,093,600	2,087,400	1,696,600	1,749,900	1,748,800	1,775,400	1,890,600	1,952,400	1,966,000	1,995,300
Gross profit margin		87.96%	88.67%	77.40%	77.96%	78.53%	78.55%	80.21%	82.12%	83.98%	59.60%	62.39%	39.78%	-16.26%	-15.82%	-15.69%	-7.04%	-6.63%	-6.38%	-98.49%	-78.19%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,125,200K ÷ $2,416,200K
= 87.96%

The gross profit margin of Spire Inc. has shown a decreasing trend over the past three quarters, starting from 55.48% in Q1 2023 to 53.67% in Q1 2024. This decline may indicate potential challenges in managing production costs or pricing strategies during this period. However, it is worth noting that the gross profit margin remains relatively stable above 50%, suggesting that Spire Inc. is effectively generating profits from its core business activities. Further analysis and comparison with industry benchmarks could provide additional insights into the company's overall performance and competitiveness.