The Cooper Companies, Inc. stock research
FY2024 Q4
The Cooper Companies (COO) Gross Margin — Quarter Ended Oct 31, 2024
Revenue increased slightly from the prior quarter and was measurably higher than the same quarter one year earlier. Gross profit and gross margin each improved relative to both comparison periods, while cost of revenue rose only modestly.
Gross margin takeaway
Quarter ended Oct 31, 2024 · FY2024 Q4
Revenue increased slightly from the prior quarter and was measurably higher than the same quarter one year earlier. Gross profit and gross margin each improved relative to both comparison periods, while cost of revenue rose only modestly.
- The gross margin expanded compared with both the immediately preceding quarter and the same quarter one year earlier, as gross profit grew faster than cost of revenue. This pattern points to revenue growth outpacing the rise in cost of revenue as a key observable driver.
- Compared with the immediately preceding quarter, revenue was slightly higher, gross profit increased, and gross margin improved. Compared with the same quarter one year earlier, revenue was higher, gross profit was higher, and gross margin was higher.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
66.5%
Gross profit
$677.7M
Revenue
$1.0B
Cost of revenue
$340.7M
Quarter-over-quarter change
+0.4 pts
Year-over-year change
+1.1 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 |
|---|---|---|---|---|
| Jan 31, 2024 | $931.6M | $623.8M | $307.8M | 67.0% |
| Apr 30, 2024 | $942.6M | $631.2M | $311.4M | 67.0% |
| Jul 31, 2024 | $1.0B | $663.0M | $339.8M | 66.1% |
| Oct 31, 2024 | $1.0B | $677.7M | $340.7M | 66.5% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jul 31, 2024
+0.4 pts
Year-over-year change
Oct 31, 2023
+1.1 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The gross margin expanded compared with both the immediately preceding quarter and the same quarter one year earlier, as gross profit grew faster than cost of revenue. This pattern points to revenue growth outpacing the rise in cost of revenue as a key observable driver.
Compared with the immediately preceding quarter, revenue was slightly higher, gross profit increased, and gross margin improved. Compared with the same quarter one year earlier, revenue was higher, gross profit was higher, and gross margin was higher.
Monitor whether the relationship between revenue growth and cost of revenue growth continues to favor gross margin expansion in future quarters.