Spire Inc (SR)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 87.96% | 88.67% | 77.40% | 77.96% | 78.53% | 78.55% | 80.21% | 82.12% | 83.98% | 59.60% | 62.39% | 39.78% | -16.26% | -15.82% | -15.69% | -7.04% | -6.63% | -6.38% | -98.49% | -78.19% |
| 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% |
| Pretax margin | 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% | 11.22% | 11.20% | 12.92% |
| Net profit margin | 8.76% | 8.62% | 13.36% | 13.90% | 14.97% | 15.34% | 13.76% | 14.94% | 14.02% | 15.84% | 12.51% | 7.87% | 6.51% | 5.06% | 4.23% | 9.20% | 9.75% | 9.46% | 9.82% | 11.12% |
Spire Inc.'s profitability ratios, as depicted by the gross profit margin, operating profit margin, pretax margin, and net profit margin, have shown some fluctuations over the past eight quarters.
The gross profit margin has ranged from a high of 58.91% in Q3 2022 to a low of 52.27% in Q2 2023. Despite some variability, the company has maintained a healthy level of gross profit margin throughout the period.
In terms of operating profit margin, fluctuations have also been observed, with a peak of 19.49% in Q2 2022 and a low of 15.62% in Q1 2024. The company's ability to control operating expenses and generate profits from its core business operations has been relatively stable.
The pretax margin has shown a decreasing trend from 13.81% in Q2 2022 to 9.57% in Q1 2024. This indicates that non-operating expenses or taxes have had an impact on the company's profitability, though it is important to assess the specific nature of these expenses.
Lastly, the net profit margin has fluctuated between 10.20% in Q2 2022 and 7.53% in Q1 2024. This ratio reflects the company's ability to generate net income relative to its total revenue, and the downward trend suggests that factors affecting profitability have influenced the bottom line.
Overall, while Spire Inc. has maintained reasonable levels of profitability during the period under review, there are fluctuations in the margins that warrant further investigation to understand the underlying factors impacting the company's financial performance.
Return on investment
| 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 return on assets (Operating ROA) | 3.83% | 4.06% | 5.71% | 5.96% | 5.65% | 5.24% | 4.84% | 4.99% | 4.99% | 5.54% | 4.76% | 3.18% | 2.78% | 2.50% | 2.31% | 3.75% | 3.76% | 3.97% | 4.21% | 4.88% |
| Return on assets (ROA) | 1.99% | 2.11% | 3.38% | 3.58% | 3.43% | 3.16% | 2.90% | 3.09% | 3.15% | 3.61% | 2.94% | 1.84% | 1.30% | 1.08% | 0.95% | 2.04% | 2.32% | 2.42% | 2.63% | 3.05% |
| Return on total capital | 7.03% | 6.83% | 9.22% | 9.05% | 9.63% | 9.11% | 7.81% | 7.93% | 8.45% | 9.49% | 7.62% | 5.60% | 4.62% | 4.18% | 3.69% | 5.81% | 6.38% | 6.99% | 6.95% | 8.09% |
| Return on equity (ROE) | 6.94% | 7.46% | 11.58% | 12.05% | 12.37% | 11.31% | 9.97% | 10.22% | 11.39% | 12.69% | 9.71% | 6.02% | 4.27% | 3.51% | 2.89% | 6.13% | 7.13% | 7.26% | 7.39% | 9.22% |
Spire Inc.'s profitability ratios show a consistent performance pattern over the past eight quarters.
1. Operating return on assets (Operating ROA) has ranged from 3.83% to 4.76% during this period, indicating the company's ability to generate operating income relative to its assets. The Operating ROA has been relatively stable, with some minor fluctuations.
2. Return on assets (ROA) has fluctuated between 1.85% and 2.45% over the same period, indicating the company's overall ability to generate profit from its total assets. The ROA shows a similar pattern to the Operating ROA but at a lower level, potentially indicating the impact of non-operating factors on overall profitability.
3. Return on total capital has ranged from 5.21% to 6.35%, showing the return generated by the company on its total invested capital. This ratio considers both debt and equity financing, reflecting the overall efficiency of capital utilization by the company.
4. Return on equity (ROE) has fluctuated between 6.41% and 8.37%, displaying the return that the company generates on shareholder equity. The ROE indicates the profitability relative to the shareholders' investment in the company and has shown a trend of generally increasing performance over the past eight quarters.
In summary, Spire Inc. has demonstrated a relatively stable performance in terms of profitability ratios over the past two years, with some fluctuations observed in the ROA and Operating ROA. The return on equity has shown a positive trend, reflecting improving profitability for the company's shareholders. Overall, the company seems to manage its assets and capital efficiently, generating satisfactory returns for its stakeholders.