Church & Dwight Co., Inc. stock research
FY2026 Q1
Church & Dwight (CHD) Gross Margin — Quarter Ended Mar 31, 2026
Revenue was slightly lower than the prior quarter but flat compared to the same quarter last year. Gross profit decreased sequentially but increased year-over-year, while cost of revenue declined in both comparisons, leading to a stronger gross margin.
Gross margin takeaway
Quarter ended Mar 31, 2026 · FY2026 Q1
Revenue was slightly lower than the prior quarter but flat compared to the same quarter last year. Gross profit decreased sequentially but increased year-over-year, while cost of revenue declined in both comparisons, leading to a stronger gross margin.
- The reduction in cost of revenue relative to revenue was the primary driver of gross margin improvement. Both sequential and year-over-year comparisons show cost declined faster than revenue.
- Compared to the previous quarter, gross margin improved as cost decreased more than revenue. Year-over-year, gross margin also strengthened due to lower costs on flat revenue.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
46.4%
Gross profit
$681.4M
Revenue
$1.5B
Cost of revenue
$787.9M
Quarter-over-quarter change
+0.5 pts
Year-over-year change
+1.4 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 |
|---|---|---|---|---|
| Jun 30, 2025 | $1.5B | $647.0M | $859.3M | 43.0% |
| Sep 30, 2025 | $1.6B | $714.4M | $871.2M | 45.1% |
| Dec 31, 2025 | $1.6B | $753.8M | $890.4M | 45.8% |
| Mar 31, 2026 | $1.5B | $681.4M | $787.9M | 46.4% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 31, 2025
+0.5 pts
Year-over-year change
Mar 31, 2025
+1.4 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The reduction in cost of revenue relative to revenue was the primary driver of gross margin improvement. Both sequential and year-over-year comparisons show cost declined faster than revenue.
Compared to the previous quarter, gross margin improved as cost decreased more than revenue. Year-over-year, gross margin also strengthened due to lower costs on flat revenue.
Monitor cost of sales trends, as further reductions could sustain margin improvement.
Peer context
Latest available gross margins for related public companies.
| Company | Gross margin |
|---|---|
| Church & Dwight Co., Inc. (CHD) | 46.4% |