Spire Inc (SR)

Net profit margin

		Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Net income (ttm)	US$ in thousands	250,900	245,700	236,700	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
Revenue (ttm)	US$ in thousands	2,542,400	2,510,800	2,468,500	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
Net profit margin		9.87%	9.79%	9.59%	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%

September 30, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $250,900K ÷ $2,542,400K
= 9.87%

The net profit margin of Spire Inc has varied over the periods indicated. There is a consistent pattern of profitability, with margins ranging from a low of 4.23% to a high of 15.84%. It is notable that the net profit margin has shown some fluctuations, with the highest margins observed in recent periods, particularly in the first quarter of 2023 and the second quarter of 2023.

The net profit margin indicates that for every dollar of revenue generated, the company is able to retain between 4.23 cents and 15.84 cents as profit after accounting for all expenses. Overall, the trend suggests that the company has been effective in managing costs and generating profits, with margins generally above 5%.

However, it is noteworthy that there have been some periods of lower profitability, such as in the first quarter of 2021, when the net profit margin dipped to 6.51% and in the first quarter of 2020, when it was at 5.06%. These lower margins may warrant further investigation to understand the underlying reasons affecting profitability during those periods.

In conclusion, while the net profit margin has shown fluctuations over the periods analyzed, it generally demonstrates a reasonable level of profitability for Spire Inc. Monitoring trends in net profit margin over time can provide valuable insights into the company's financial performance and efficiency in generating profits.