The Clorox (CLX) Gross Margin — Quarter Ended Sep 30, 2024

The current quarter's gross margin reflects the relationship between revenue, cost of revenue, and gross profit. Compared to the previous quarter, gross margin weakened, while compared to the same quarter one year earlier, it improved.

Gross margin takeaway

Quarter ended Sep 30, 2024 · FY2025 Q1

The gross margin was higher than the year-ago quarter and lower than the prior quarter. The change in the ratio of cost of revenue to revenue was the most notable observable factor.
The gross margin weakened from the immediately preceding quarter and improved from the same quarter one year earlier.

Gross margin snapshot

The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.

Gross margin

45.8%

Gross profit

$807.0M

Revenue

$1.8B

Cost of revenue

$955.0M

Quarter-over-quarter change

-0.7 pts

Year-over-year change

+7.4 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
Dec 31, 2023	$2.0B	$866.0M	$1.1B	43.5%
Mar 31, 2024	$1.8B	$766.0M	$1.0B	42.2%
Jun 30, 2024	$1.9B	$884.0M	$1.0B	46.5%
Sep 30, 2024	$1.8B	$807.0M	$955.0M	45.8%

Quarterly comparisons

Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.

Previous-quarter change

Jun 30, 2024

-0.7 pts

Year-over-year change

Sep 30, 2023

+7.4 pts

What the margin says

Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.

The gross margin was higher than the year-ago quarter and lower than the prior quarter. The change in the ratio of cost of revenue to revenue was the most notable observable factor.

The gross margin weakened from the immediately preceding quarter and improved from the same quarter one year earlier.

Monitor the trend in cost of revenue relative to revenue.