Boston Scientific Corporation stock research
FY2023 Q4
Boston Scientific (BSX) Gross Margin — Quarter Ended Dec 31, 2023
Revenue and gross profit both increased compared to the prior quarter and the same quarter last year, while cost of revenue remained stable. Gross margin improved slightly versus both periods.
Gross margin takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue and gross profit both increased compared to the prior quarter and the same quarter last year, while cost of revenue remained stable. Gross margin improved slightly versus both periods.
- The improvement in gross margin was driven by revenue growth outpacing the change in cost of revenue, which remained relatively flat.
- Compared to the prior quarter, gross margin improved slightly. Versus the same quarter last year, gross margin also showed a modest improvement.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
69.2%
Gross profit
$2.6B
Revenue
$3.7B
Cost of revenue
$1.1B
Quarter-over-quarter change
+0.5 pts
Year-over-year change
+0.4 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 | $3.4B | $2.3B | $1.0B | 69.3% |
| Jun 30, 2023 | $3.6B | $2.5B | $1.1B | 70.6% |
| Sep 30, 2023 | $3.5B | $2.4B | $1.1B | 68.8% |
| Dec 31, 2023 | $3.7B | $2.6B | $1.1B | 69.2% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Sep 30, 2023
+0.5 pts
Year-over-year change
Dec 31, 2022
+0.4 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The improvement in gross margin was driven by revenue growth outpacing the change in cost of revenue, which remained relatively flat.
Compared to the prior quarter, gross margin improved slightly. Versus the same quarter last year, gross margin also showed a modest improvement.
Monitor the trend in cost of revenue, as its stability was a key factor in the margin improvement.