Spire Inc (SR)

Pretax 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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	309,600	296,100	283,400	249,800	256,300	416,900	441,800	436,000	397,500	359,000	367,800	386,900	424,300	326,000	200,800	131,200	101,000	80,200	194,200	218,400
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
Pretax margin		12.18%	11.79%	11.48%	10.34%	10.15%	16.40%	17.07%	18.43%	19.12%	17.42%	18.93%	17.84%	19.93%	15.57%	9.62%	7.73%	5.77%	4.59%	10.94%	11.55%

September 30, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $309,600K ÷ $2,542,400K
= 12.18%

Spire Inc's pretax margin has shown fluctuations over the periods analyzed. The trend indicates a general decline from the peak of 19.93% in Dec 31, 2021, to 12.18% in Sep 30, 2024. In the most recent period, the pretax margin stands at 12.18%. This metric reflects the company's ability to generate profits before accounting for taxes relative to its total revenue. The declining trend in pretax margin may indicate rising expenses or other factors impacting profitability. Further analysis of the company's financial statements and industry trends may provide deeper insights into the drivers behind these fluctuations.