Boston Scientific Corporation stock research
FY2024 Q3
Boston Scientific (BSX) Gross Margin — Quarter Ended Sep 30, 2024
Revenue increased compared to both the prior quarter and the same quarter last year, while cost of revenue also rose in both comparisons. Gross profit improved year over year but was stable sequentially, leading to a gross margin that was largely unchanged from a year ago but slightly lower than the prior quarter.
Gross margin takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue increased compared to both the prior quarter and the same quarter last year, while cost of revenue also rose in both comparisons. Gross profit improved year over year but was stable sequentially, leading to a gross margin that was largely unchanged from a year ago but slightly lower than the prior quarter.
- Revenue growth outpaced cost of revenue growth relative to the prior quarter, but the margin still edged lower. Compared to a year ago, both revenue and cost of revenue increased at a similar pace, leaving the margin unchanged.
- Versus the immediately preceding quarter, gross margin weakened slightly. Versus the same quarter one year earlier, gross margin was stable.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
68.8%
Gross profit
$2.9B
Revenue
$4.2B
Cost of revenue
$1.3B
Quarter-over-quarter change
-0.3 pts
Year-over-year change
+0.0 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 |
|---|---|---|---|---|
| Dec 31, 2023 | $3.7B | $2.6B | $1.1B | 69.2% |
| Mar 31, 2024 | $3.9B | $2.6B | $1.2B | 68.7% |
| Jun 30, 2024 | $4.1B | $2.9B | $1.3B | 69.2% |
| Sep 30, 2024 | $4.2B | $2.9B | $1.3B | 68.8% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jun 30, 2024
-0.3 pts
Year-over-year change
Sep 30, 2023
+0.0 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
Revenue growth outpaced cost of revenue growth relative to the prior quarter, but the margin still edged lower. Compared to a year ago, both revenue and cost of revenue increased at a similar pace, leaving the margin unchanged.
Versus the immediately preceding quarter, gross margin weakened slightly. Versus the same quarter one year earlier, gross margin was stable.
Monitor the trajectory of cost of revenue relative to revenue, as a narrowing gap may pressure gross margin further.