Spire Inc (SR)

Pretax margin

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Earnings before tax but after interest (EBT)	US$ in thousands	309,600	256,300	279,700	340,200	101,000
Revenue	US$ in thousands	2,593,000	2,480,600	2,078,700	2,128,900	1,749,900
Pretax margin		11.94%	10.33%	13.46%	15.98%	5.77%

September 30, 2024 calculation

Pretax margin = EBT ÷ Revenue
= $309,600K ÷ $2,593,000K
= 11.94%

The pretax margin of Spire Inc has fluctuated over the past five years, ranging from a low of 5.77% in September 2020 to a high of 15.98% in September 2021. The pretax margin for September 2024 stands at 11.94%, showing a slight increase compared to the previous year but lower than the peak in 2021.

A pretax margin of 11.94% indicates that for every dollar of revenue generated, the company is able to retain approximately 11.94 cents before accounting for taxes and other expenses. This metric provides insight into the company's efficiency in generating profits from its operations before considering tax implications.

Overall, while the pretax margin of Spire Inc has shown variability over the years, it is important to further analyze the company's financial performance and consider other factors to fully assess its profitability and operational efficiency.