Abbott Laboratories stock research
FY2024 Q4
Abbott Laboratories (ABT) Gross Margin — Quarter Ended Dec 31, 2024
In the current quarter, revenue increased while cost of revenue also rose, resulting in a higher gross profit but a slightly lower gross margin compared to the prior quarter. Versus the same quarter one year earlier, both revenue and gross profit were higher, while gross margin was slightly lower.
Gross margin takeaway
Quarter ended Dec 31, 2024 · FY2024 Q4
In the current quarter, revenue increased while cost of revenue also rose, resulting in a higher gross profit but a slightly lower gross margin compared to the prior quarter. Versus the same quarter one year earlier, both revenue and gross profit were higher, while gross margin was slightly lower.
- Gross profit increased at a slower pace than revenue, causing a marginal weakening in gross margin. The strongest observable driver was revenue growth, which outpaced cost growth compared to the prior year.
- Compared to the prior quarter, revenue and gross profit were higher, but gross margin weakened slightly. Compared to the same quarter one year earlier, revenue and gross profit were also higher, with gross margin slightly lower.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
55.0%
Gross profit
$6.0B
Revenue
$11.0B
Cost of revenue
$4.9B
Quarter-over-quarter change
-0.9 pts
Year-over-year change
-0.5 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Mar 31, 2024 | $10.0B | $5.5B | $4.5B | 55.2% |
| Jun 30, 2024 | $10.4B | $5.8B | $4.6B | 55.6% |
| Sep 30, 2024 | $10.6B | $5.9B | $4.7B | 55.8% |
| Dec 31, 2024 | $11.0B | $6.0B | $4.9B | 55.0% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Sep 30, 2024
-0.9 pts
Year-over-year change
Dec 31, 2023
-0.5 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
Gross profit increased at a slower pace than revenue, causing a marginal weakening in gross margin. The strongest observable driver was revenue growth, which outpaced cost growth compared to the prior year.
Compared to the prior quarter, revenue and gross profit were higher, but gross margin weakened slightly. Compared to the same quarter one year earlier, revenue and gross profit were also higher, with gross margin slightly lower.
Monitor the relationship between revenue growth and cost of revenue changes, as gross margin showed a slight decline despite higher volume.