CenterPoint Energy, Inc. stock research
FY2023 Q3
CenterPoint Energy (CNP) Gross Margin — Quarter Ended Sep 30, 2023
Revenue remained stable across the current, prior, and year-ago quarters, while gross profit increased slightly and cost of revenue decreased sharply, resulting in a higher gross margin.
Gross margin takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue remained stable across the current, prior, and year-ago quarters, while gross profit increased slightly and cost of revenue decreased sharply, resulting in a higher gross margin.
- The strongest observable margin driver is the reduction in cost of revenue compared to both the prior quarter and the same quarter last year, which directly improved gross profit and gross margin.
- Compared to the immediately preceding quarter and the same quarter one year earlier, gross margin improved, driven by lower cost of revenue while revenue was essentially unchanged.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
99.9%
Gross profit
$1.9B
Revenue
$1.9B
Cost of revenue
$1.0M
Quarter-over-quarter change
+3.0 pts
Year-over-year change
+2.7 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 |
|---|---|---|---|---|
| Mar 31, 2023 | $2.8B | $2.7B | $40.0M | 98.6% |
| Jun 30, 2023 | $1.9B | $1.8B | $57.0M | 97.0% |
| Sep 30, 2023 | $1.9B | $1.9B | $1.0M | 99.9% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jun 30, 2023
+3.0 pts
Year-over-year change
Sep 30, 2022
+2.7 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver is the reduction in cost of revenue compared to both the prior quarter and the same quarter last year, which directly improved gross profit and gross margin.
Compared to the immediately preceding quarter and the same quarter one year earlier, gross margin improved, driven by lower cost of revenue while revenue was essentially unchanged.
Monitor the cost of revenue line item for sustainability of its current low level, given its significant decline from prior periods.