Baxter International Inc. stock research
FY2023 Q1
Baxter International (BAX) Gross Margin — Quarter Ended Mar 31, 2023
Revenue less cost of revenue yields gross profit, and gross margin is the ratio of gross profit to revenue. Compared to the prior quarter and the same quarter a year earlier, revenue was lower while gross margin was higher.
Gross margin takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue less cost of revenue yields gross profit, and gross margin is the ratio of gross profit to revenue. Compared to the prior quarter and the same quarter a year earlier, revenue was lower while gross margin was higher.
- The gross margin rate improved relative to both the immediately preceding quarter and the same quarter one year earlier, marking the strongest observable trend in the period.
- Sequentially, revenue decreased and gross profit decreased, but gross margin increased. Year-over-year, revenue also decreased and gross profit decreased, while gross margin increased.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
39.5%
Gross profit
$964.0M
Revenue
$2.4B
Cost of revenue
$2.2B
Quarter-over-quarter change
n/a
Year-over-year change
+4.0 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 | $2.4B | $964.0M | $2.2B | 39.5% |
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
+4.0 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The gross margin rate improved relative to both the immediately preceding quarter and the same quarter one year earlier, marking the strongest observable trend in the period.
Sequentially, revenue decreased and gross profit decreased, but gross margin increased. Year-over-year, revenue also decreased and gross profit decreased, while gross margin increased.
Monitor inventory levels, which increased from the end of the prior fiscal year.