Church & Dwight Co., Inc. stock research
FY2025 Q3
Church & Dwight (CHD) Gross Margin — Quarter Ended Sep 30, 2025
Revenue and gross profit both increased compared to the prior quarter and the same quarter last year, while cost of revenue also rose. Gross margin improved sequentially but was slightly lower than the year-ago level.
Gross margin takeaway
Quarter ended Sep 30, 2025 · FY2025 Q3
Revenue and gross profit both increased compared to the prior quarter and the same quarter last year, while cost of revenue also rose. Gross margin improved sequentially but was slightly lower than the year-ago level.
- The strongest observable margin driver is the sequential improvement in gross margin, which rose from the prior quarter despite higher cost of revenue, indicating that revenue growth outpaced cost growth.
- Compared to the immediately preceding quarter, gross margin improved. Compared to the same quarter one year earlier, gross margin was slightly lower.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
45.1%
Gross profit
$714.4M
Revenue
$1.6B
Cost of revenue
$871.2M
Quarter-over-quarter change
+2.1 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 |
|---|---|---|---|---|
| Dec 31, 2024 | $1.6B | $707.9M | $874.1M | 44.7% |
| Mar 31, 2025 | $1.5B | $659.6M | $807.5M | 45.0% |
| Jun 30, 2025 | $1.5B | $647.0M | $859.3M | 43.0% |
| Sep 30, 2025 | $1.6B | $714.4M | $871.2M | 45.1% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jun 30, 2025
+2.1 pts
Year-over-year change
Sep 30, 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 is the sequential improvement in gross margin, which rose from the prior quarter despite higher cost of revenue, indicating that revenue growth outpaced cost growth.
Compared to the immediately preceding quarter, gross margin improved. Compared to the same quarter one year earlier, gross margin was slightly lower.
Monitor the trajectory of cost of revenue relative to revenue, as its increase this quarter was larger than the year-ago period.