Spire Inc (SR)

Operating profit margin

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Operating income	US$ in thousands	488,300	418,600	408,200	450,200	206,400
Revenue	US$ in thousands	2,593,000	2,480,600	2,078,700	2,128,900	1,749,900
Operating profit margin		18.83%	16.87%	19.64%	21.15%	11.79%

September 30, 2024 calculation

Operating profit margin = Operating income ÷ Revenue
= $488,300K ÷ $2,593,000K
= 18.83%

The operating profit margin of Spire Inc has shown variability over the past five years. In the most recent fiscal year ending on September 30, 2024, the operating profit margin was 18.83%, which represents a slight increase compared to the previous year's margin of 16.87%. However, it is below the levels seen in fiscal years 2022 and 2021, where the operating profit margins were 19.64% and 21.15%, respectively. Fiscal year 2020 had the lowest operating profit margin at 11.79%.

Overall, the trend indicates that Spire Inc has experienced fluctuations in its operating profitability in recent years, with a notable recovery in the most recent fiscal year compared to the preceding year. This suggests that the company's operational efficiency and cost management may have improved, but further analysis is required to understand the factors driving these changes and to assess the sustainability of the current operating profit margin levels.