Boston Scientific Corporation stock research
FY2025 Q1
Boston Scientific (BSX) Gross Margin — Quarter Ended Mar 31, 2025
Revenue, cost of revenue, and gross profit moved in the same direction, with gross profit representing the difference between revenue and cost of revenue. Gross margin, the ratio of gross profit to revenue, improved sequentially but remained stable compared with the same quarter one year earlier.
Gross margin takeaway
Quarter ended Mar 31, 2025 · FY2025 Q1
Revenue, cost of revenue, and gross profit moved in the same direction, with gross profit representing the difference between revenue and cost of revenue. Gross margin, the ratio of gross profit to revenue, improved sequentially but remained stable compared with the same quarter one year earlier.
- The strongest observable margin driver was the sequential increase in revenue while cost of revenue remained unchanged, which directly improved the gross margin.
- Compared with the prior quarter, gross margin improved as revenue grew and cost of revenue was flat. Year-over-year, gross margin was essentially unchanged, with revenue and cost of revenue both increasing proportionally.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
68.8%
Gross profit
$3.2B
Revenue
$4.7B
Cost of revenue
$1.5B
Quarter-over-quarter change
+1.0 pts
Year-over-year change
+0.2 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 |
|---|---|---|---|---|
| Jun 30, 2024 | $4.1B | $2.9B | $1.3B | 69.2% |
| Sep 30, 2024 | $4.2B | $2.9B | $1.3B | 68.8% |
| Dec 31, 2024 | $4.6B | $3.1B | $1.5B | 67.9% |
| Mar 31, 2025 | $4.7B | $3.2B | $1.5B | 68.8% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 31, 2024
+1.0 pts
Year-over-year change
Mar 31, 2024
+0.2 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver was the sequential increase in revenue while cost of revenue remained unchanged, which directly improved the gross margin.
Compared with the prior quarter, gross margin improved as revenue grew and cost of revenue was flat. Year-over-year, gross margin was essentially unchanged, with revenue and cost of revenue both increasing proportionally.
Monitor the impact of foreign currency fluctuations on net sales and cost of products sold, as the company noted a negative currency effect in the first quarter.