AMETEK, Inc. stock research
FY2023 Q2
AMETEK (AME) Gross Margin — Quarter Ended Jun 30, 2023
Revenue was stable compared with the immediately preceding quarter, while gross profit rose and cost of revenue declined, leading to an unchanged gross margin. Versus the same quarter one year earlier, revenue, gross profit, and cost of revenue all increased, and gross margin improved.
Gross margin takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue was stable compared with the immediately preceding quarter, while gross profit rose and cost of revenue declined, leading to an unchanged gross margin. Versus the same quarter one year earlier, revenue, gross profit, and cost of revenue all increased, and gross margin improved.
- Gross margin held steady sequentially while improving year over year, indicating that the relationship among revenue, gross profit, and cost of revenue shifted favorably on an annual basis.
- Compared with the preceding quarter, revenue was similar, gross profit was higher, cost of revenue was lower, and gross margin was unchanged. Compared with the same quarter one year earlier, revenue, gross profit, and cost of revenue were all higher, and gross margin was higher.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
36.0%
Gross profit
$592.9M
Revenue
$1.6B
Cost of revenue
$1.1B
Quarter-over-quarter change
+0.0 pts
Year-over-year change
+1.3 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 | $1.6B | $574.6M | $1.0B | 36.0% |
| Jun 30, 2023 | $1.6B | $592.9M | $1.1B | 36.0% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Mar 31, 2023
+0.0 pts
Year-over-year change
Jun 30, 2022
+1.3 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
Gross margin held steady sequentially while improving year over year, indicating that the relationship among revenue, gross profit, and cost of revenue shifted favorably on an annual basis.
Compared with the preceding quarter, revenue was similar, gross profit was higher, cost of revenue was lower, and gross margin was unchanged. Compared with the same quarter one year earlier, revenue, gross profit, and cost of revenue were all higher, and gross margin was higher.
Monitor whether cost of revenue can continue to decline sequentially while revenue remains stable, as this dynamic directly supports gross margin.