Spire's gross profit for the
three
months ended in Dec. 2023 was $259 Mil. Spire's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $884 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Spire's gross profit for the
three
months ended in Dec. 2023 was $259 Mil. Spire's Revenue for the
three
months ended in Dec. 2023 was $757 Mil. Therefore, Spire's Gross Margin % for the quarter that ended in Dec. 2023 was 34.22%.
Spire had a gross margin of 34.22% for the quarter that ended in Dec. 2023 => Competition eroding margins
During the past 13 years, the highestGross Margin % of Spire was 37.77%. The lowest was 22.17%. And the median was 34.36%.
Spire Gross Profit Historical Data
The historical data trend for Spire's Gross Profit can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Utilities - Regulated Gas subindustry, Spire's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Spire's Gross Profit Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Spire's Gross Profit distribution charts can be found below:
* The bar in red indicates where Spire's Gross Profit falls into.
Spire Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Spire's Gross Profit for the fiscal year that ended in Sep. 2023 is calculated as
Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $884 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
Spire's Gross Margin % for the quarter that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Spire (NYSE:SR) Gross Profit Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Spire had a gross margin of 34.22% for the quarter that ended in Dec. 2023 => Competition eroding margins
Spire Gross Profit Related Terms
Thank you for viewing the detailed overview of Spire's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Spire Inc is a public utility holding company with three reportable business segments: Gas Utility , Gas Marketing and Midstream. The Gas Utility segment includes the regulated operations of Laclede Gas, Alabama Gas Corporation (Alagasco), and EnergySouth Inc. The Utilities businesses operations include the purchase, retail, distribution, and sale of natural gas in Missouri, Alabama, and Mississippi. The Gas Utility segment generates a majority of the company's revenue but is subject to seasonal fluctuations. The Gas Marketing segment includes Laclede Energy Resources, Inc, whose operations include the marketing of natural gas and related activities on a non-regulated basis and the Midstream segment includes transportation and storage of natural gas.
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