Biogen Inc. stock research
FY2024 Q4
Biogen (BIIB) Gross Margin — Quarter Ended Dec 31, 2024
Revenue was essentially stable quarter over quarter, while gross profit improved and cost of revenue declined, resulting in a higher gross margin. Compared to the same quarter one year earlier, revenue and gross profit both increased, cost of revenue was lower, and gross margin improved.
Gross margin takeaway
Quarter ended Dec 31, 2024 · FY2024 Q4
Revenue was essentially stable quarter over quarter, while gross profit improved and cost of revenue declined, resulting in a higher gross margin. Compared to the same quarter one year earlier, revenue and gross profit both increased, cost of revenue was lower, and gross margin improved.
- The most observable driver of gross margin improvement is the combination of steady revenue and lower cost of revenue relative to the prior quarter.
- Compared to the immediately preceding quarter, revenue was essentially unchanged, gross profit was higher, cost of revenue was lower, and gross margin improved. Versus the same quarter one year earlier, revenue and gross profit were both higher, cost of revenue was lower, and gross margin improved.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
76.2%
Gross profit
$1.9B
Revenue
$2.5B
Cost of revenue
$583.5M
Quarter-over-quarter change
+2.1 pts
Year-over-year change
+2.1 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 | $2.3B | $1.7B | $542.2M | 76.3% |
| Jun 30, 2024 | $2.5B | $1.9B | $546.0M | 77.8% |
| Sep 30, 2024 | $2.5B | $1.8B | $638.7M | 74.1% |
| Dec 31, 2024 | $2.5B | $1.9B | $583.5M | 76.2% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Sep 30, 2024
+2.1 pts
Year-over-year change
Dec 31, 2023
+2.1 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The most observable driver of gross margin improvement is the combination of steady revenue and lower cost of revenue relative to the prior quarter.
Compared to the immediately preceding quarter, revenue was essentially unchanged, gross profit was higher, cost of revenue was lower, and gross margin improved. Versus the same quarter one year earlier, revenue and gross profit were both higher, cost of revenue was lower, and gross margin improved.
Monitor the trend in cost of revenue, which decreased both sequentially and year over year, as a key factor sustaining the gross margin level.