AMETEK, Inc. stock research
FY2024 Q4
AMETEK (AME) Gross Margin — Quarter Ended Dec 31, 2024
Revenue and gross profit both increased compared to the prior quarter and the same quarter one year earlier, while cost of revenue remained at a similar level. As a result, gross margin improved over both periods. The filing notes higher cash from operations and free cash flow compared to the prior year.
Gross margin takeaway
Quarter ended Dec 31, 2024 · FY2024 Q4
Revenue and gross profit both increased compared to the prior quarter and the same quarter one year earlier, while cost of revenue remained at a similar level. As a result, gross margin improved over both periods. The filing notes higher cash from operations and free cash flow compared to the prior year.
- The primary observable factor was that revenue grew while cost of revenue remained stable, leading to a higher gross profit and an expanded gross margin.
- Gross margin was higher than both the immediately preceding quarter and the same quarter one year earlier.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
36.6%
Gross profit
$644.7M
Revenue
$1.8B
Cost of revenue
$1.1B
Quarter-over-quarter change
+0.6 pts
Year-over-year change
+1.1 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 | $1.7B | $591.5M | $1.1B | 34.1% |
| Jun 30, 2024 | $1.7B | $624.4M | $1.1B | 36.0% |
| Sep 30, 2024 | $1.7B | $615.8M | $1.1B | 36.0% |
| Dec 31, 2024 | $1.8B | $644.7M | $1.1B | 36.6% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Sep 30, 2024
+0.6 pts
Year-over-year change
Dec 31, 2023
+1.1 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The primary observable factor was that revenue grew while cost of revenue remained stable, leading to a higher gross profit and an expanded gross margin.
Gross margin was higher than both the immediately preceding quarter and the same quarter one year earlier.
Monitor whether cost of revenue remains stable relative to revenue, as its current trend contributed to margin improvement.