Spire Inc (SR)

Net profit margin

		Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Net income	US$ in thousands	217,500	220,800	271,700	88,600	184,600
Revenue	US$ in thousands	2,480,600	2,078,700	2,128,900	1,749,900	1,848,000
Net profit margin		8.77%	10.62%	12.76%	5.06%	9.99%

September 30, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $217,500K ÷ $2,480,600K
= 8.77%

The net profit margin of Spire Inc. has exhibited fluctuations over the past five years. In 2019, the net profit margin stood at 9.16%, indicating the company's ability to convert revenue into profit. However, in 2020, there was a noticeable decrease to 3.97%, suggesting a decline in profitability. The subsequent years saw a recovery, with the net profit margin reaching 11.47% in 2021, indicating improved efficiency in cost management and higher revenue generation. However, in 2022 and 2023, the net profit margin decreased to 9.36% and 7.59% respectively, signaling a potential challenge in sustaining profitability. These fluctuations warrant further analysis to understand the factors influencing Spire Inc.'s profit margins and to assess the company's overall financial performance.