Spire Inc (SR)

Return on equity (ROE)

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Net income	US$ in thousands	250,900	217,500	220,800	271,700	88,600
Total stockholders’ equity	US$ in thousands	3,232,700	2,917,300	2,818,500	2,658,200	2,522,300
ROE		7.76%	7.46%	7.83%	10.22%	3.51%

September 30, 2024 calculation

ROE = Net income ÷ Total stockholders’ equity
= $250,900K ÷ $3,232,700K
= 7.76%

Spire Inc's return on equity (ROE) has fluctuated over the past five years, ranging from 3.51% in Sep 2020 to 10.22% in Sep 2021. The company's ROE for the most recent period ending Sep 30, 2024, is 7.76%. Despite some variability, the ROE has generally remained within a relatively narrow range between 7.46% and 10.22% over the past five years. This indicates that Spire Inc has been able to generate a reasonable return for its shareholders relative to its equity base. However, the downward trend in ROE from 10.22% in Sep 2021 to 7.76% in Sept 2024 may suggest a potential decline in the company's profitability or efficiency in utilizing shareholder equity for generating earnings. Further analysis of the company's financial performance and operational efficiency may be necessary to understand the factors influencing these fluctuations in ROE.