Amcor plc stock research
FY2023 Q3
Amcor (AMCR) Gross Margin — Quarter Ended Mar 31, 2023
Revenue increased from the prior quarter while cost of revenue held steady, lifting gross profit and gross margin. Compared with the same quarter last year, revenue was unchanged but gross profit declined, causing gross margin to weaken.
Gross margin takeaway
Quarter ended Mar 31, 2023 · FY2023 Q3
Revenue increased from the prior quarter while cost of revenue held steady, lifting gross profit and gross margin. Compared with the same quarter last year, revenue was unchanged but gross profit declined, causing gross margin to weaken.
- The sequential gross margin improvement was associated with revenue growth that exceeded the change in cost of revenue.
- Sequentially, gross margin improved. Year over year, gross margin weakened.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
18.4%
Gross profit
$673.0M
Revenue
$3.7B
Cost of revenue
$3.0B
Quarter-over-quarter change
n/a
Year-over-year change
-1.4 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, 2023 | $3.7B | $673.0M | $3.0B | 18.4% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Previous quarter unavailable
n/a
Year-over-year change
Mar 31, 2022
-1.4 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The sequential gross margin improvement was associated with revenue growth that exceeded the change in cost of revenue.
Sequentially, gross margin improved. Year over year, gross margin weakened.
Monitor whether the year-over-year decline in gross margin continues or stabilizes in coming quarters.