CenterPoint Energy, Inc. stock research
FY2024 Q2
CenterPoint Energy (CNP) Gross Margin — Quarter Ended Jun 30, 2024
Revenue for the current quarter was lower than the prior quarter and unchanged from the same quarter last year. Gross profit equaled revenue, resulting in a gross margin that was unchanged from the prior quarter and higher than the year-ago quarter.
Gross margin takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue for the current quarter was lower than the prior quarter and unchanged from the same quarter last year. Gross profit equaled revenue, resulting in a gross margin that was unchanged from the prior quarter and higher than the year-ago quarter.
- The strongest observable margin driver is the reduction in cost of revenue to zero in the current quarter, compared to positive amounts in both the prior quarter and the year-ago quarter.
- Compared to the prior quarter, revenue and gross profit both decreased while gross margin remained stable. Compared to the same quarter last year, revenue was unchanged, but gross profit was higher, leading to an improved gross margin.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
100.0%
Gross profit
$1.9B
Revenue
$1.9B
Cost of revenue
$0
Quarter-over-quarter change
+0.0 pts
Year-over-year change
+3.0 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 |
|---|---|---|---|---|
| Sep 30, 2023 | $1.9B | $1.9B | $1.0M | 99.9% |
| Dec 31, 2023 | $2.1B | $2.1B | $1.0M | 100.0% |
| Mar 31, 2024 | $2.6B | $2.6B | $1.0M | 100.0% |
| Jun 30, 2024 | $1.9B | $1.9B | $0 | 100.0% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Mar 31, 2024
+0.0 pts
Year-over-year change
Jun 30, 2023
+3.0 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 to zero in the current quarter, compared to positive amounts in both the prior quarter and the year-ago quarter.
Compared to the prior quarter, revenue and gross profit both decreased while gross margin remained stable. Compared to the same quarter last year, revenue was unchanged, but gross profit was higher, leading to an improved gross margin.
Monitor whether cost of revenue remains at zero in future quarters, as it has been positive in past comparable periods.