Spire Inc (SR)

Operating profit margin

		Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Operating income	US$ in thousands	418,600	408,200	450,200	206,400	302,300
Revenue	US$ in thousands	2,480,600	2,078,700	2,128,900	1,749,900	1,848,000
Operating profit margin		16.87%	19.64%	21.15%	11.79%	16.36%

September 30, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $418,600K ÷ $2,480,600K
= 16.87%

The operating profit margin of Spire Inc. has shown a declining trend over the past five years. In Sep 30, 2023, the operating profit margin was 15.70%, a decrease from 18.57% in the previous year and 20.14% in Sep 30, 2021. This decline suggests that the company's ability to generate profits from its core business operations has weakened. It may be beneficial for stakeholders to analyze the factors contributing to this trend, such as changes in costs, pricing strategies, or operational inefficiencies, to identify potential areas for improvement.