Baxter International Inc. stock research
FY2024 Q3
Baxter International (BAX) Gross Margin — Quarter Ended Sep 30, 2024
Revenue, gross profit, and cost of revenue were all at the same level compared to the prior quarter, resulting in an unchanged gross margin. Compared to the same quarter one year earlier, revenue and gross profit were higher, cost of revenue was higher, and gross margin was lower.
Gross margin takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue, gross profit, and cost of revenue were all at the same level compared to the prior quarter, resulting in an unchanged gross margin. Compared to the same quarter one year earlier, revenue and gross profit were higher, cost of revenue was higher, and gross margin was lower.
- The gross margin ratio was unchanged from the prior quarter, with revenue and cost of revenue at identical levels.
- Compared to the prior quarter, all metrics were unchanged. Compared to the same quarter one year earlier, revenue and gross profit were higher, cost of revenue was higher, and gross margin was lower.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
38.3%
Gross profit
$1.0B
Revenue
$2.7B
Cost of revenue
$1.7B
Quarter-over-quarter change
+0.0 pts
Year-over-year change
-122.1 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 |
|---|---|---|---|---|
| Sep 30, 2023 | $414.0M | $664.0M | $1.5B | 160.4% |
| Mar 31, 2024 | $2.5B | $961.0M | $1.5B | 38.6% |
| Jun 30, 2024 | $2.7B | $1.0B | $1.7B | 38.3% |
| Sep 30, 2024 | $2.7B | $1.0B | $1.7B | 38.3% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jun 30, 2024
+0.0 pts
Year-over-year change
Sep 30, 2023
-122.1 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The gross margin ratio was unchanged from the prior quarter, with revenue and cost of revenue at identical levels.
Compared to the prior quarter, all metrics were unchanged. Compared to the same quarter one year earlier, revenue and gross profit were higher, cost of revenue was higher, and gross margin was lower.
Inventory levels increased compared to the end of the prior fiscal year, as shown in the balance sheet; this metric warrants monitoring.