Spire Inc (SR)

Net 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
Net income (ttm)	US$ in thousands	211,600	217,500	339,600	359,800	354,200	318,900	283,600	290,300	304,100	337,300	261,900	164,300	110,500	88,600	74,000	163,300	184,300	184,600	193,000	221,900
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
Net profit margin		8.76%	8.62%	13.36%	13.90%	14.97%	15.34%	13.76%	14.94%	14.02%	15.84%	12.51%	7.87%	6.51%	5.06%	4.23%	9.20%	9.75%	9.46%	9.82%	11.12%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $211,600K ÷ $2,416,200K
= 8.76%

Based on the data provided, Spire Inc.'s net profit margin has shown a general trend of fluctuation over the past few quarters. The net profit margin decreased from 10.20% in Q2 2022 to 7.53% in Q1 2024, indicating a downward trajectory over this period.

The net profit margin peaked at 9.81% in Q1 2023 before declining steadily to 7.53% in Q1 2024. This decline suggests that the company's profitability has been gradually eroding over the past few quarters.

Overall, the net profit margin of Spire Inc. has shown volatility, with fluctuations observed quarter by quarter. This trend calls for a closer examination of the company's financial performance and operational efficiency to identify the underlying factors driving these changes in profitability.