Amphenol Corporation stock research
FY2024 Q4
Amphenol (APH) Gross Margin — Quarter Ended Dec 31, 2024
For the current quarter, revenue increased compared to both the previous quarter and the same quarter last year, with gross profit rising at a similar pace. The cost of revenue also grew, but the gross margin improved, indicating that a larger share of revenue was retained as gross profit.
Gross margin takeaway
Quarter ended Dec 31, 2024 · FY2024 Q4
For the current quarter, revenue increased compared to both the previous quarter and the same quarter last year, with gross profit rising at a similar pace. The cost of revenue also grew, but the gross margin improved, indicating that a larger share of revenue was retained as gross profit.
- The primary driver of the gross margin improvement was the relative growth rates of revenue and cost of revenue; revenue grew faster than cost of revenue compared to both prior periods.
- Compared to the immediately preceding quarter, gross margin was higher. Compared to the same quarter one year earlier, gross margin was also higher.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
34.3%
Gross profit
$1.5B
Revenue
$4.3B
Cost of revenue
$2.8B
Quarter-over-quarter change
+0.7 pts
Year-over-year change
+1.2 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 | $3.3B | $1.1B | $2.2B | 33.4% |
| Jun 30, 2024 | $3.6B | $1.2B | $2.4B | 33.6% |
| Sep 30, 2024 | $4.0B | $1.4B | $2.7B | 33.6% |
| Dec 31, 2024 | $4.3B | $1.5B | $2.8B | 34.3% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Sep 30, 2024
+0.7 pts
Year-over-year change
Dec 31, 2023
+1.2 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The primary driver of the gross margin improvement was the relative growth rates of revenue and cost of revenue; revenue grew faster than cost of revenue compared to both prior periods.
Compared to the immediately preceding quarter, gross margin was higher. Compared to the same quarter one year earlier, gross margin was also higher.
Monitor the relationship between revenue and cost of revenue growth in upcoming quarters to assess sustainability of margin expansion.