Spire Inc (SR)

Operating 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
Operating income (ttm)	US$ in thousands	407,600	418,600	572,700	598,600	583,500	528,600	473,700	469,000	481,200	518,800	423,600	283,900	237,000	206,400	180,700	300,500	299,500	302,300	309,000	354,600
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
Operating profit margin		16.87%	16.58%	22.53%	23.12%	24.66%	25.43%	22.99%	24.14%	22.19%	24.37%	20.23%	13.60%	13.97%	11.79%	10.33%	16.93%	15.84%	15.48%	15.72%	17.77%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $407,600K ÷ $2,416,200K
= 16.87%

The operating profit margin for Spire Inc. has shown a declining trend over the past several quarters, with Q1 2023 reporting the highest margin at 18.85% and Q1 2024 at the lowest at 15.62%. This indicates that the company's profitability from its core business operations has decreased over time.

Despite fluctuating margins, Spire Inc. generally maintained a healthy operating profit margin above 15%, reflecting efficient cost management and revenue generation strategies. However, the successive declines observed raise concerns about potential challenges in controlling operating expenses or maintaining revenue streams.

Further analysis and comparison with industry benchmarks are recommended to determine the underlying reasons for the decreasing trend in Spire Inc.'s operating profit margin and to identify areas for improvement to enhance profitability in the future.