Cencora, Inc. stock research
FY2024 Q4
Cencora (COR) Gross Margin — Quarter Ended Sep 30, 2024
Revenue increased compared to both the prior quarter and the same quarter last year, while cost of revenue also increased. Gross profit rose accordingly, but gross margin remained stable versus the prior quarter and was slightly lower than the year-ago quarter.
Gross margin takeaway
Quarter ended Sep 30, 2024 · FY2024 Q4
Revenue increased compared to both the prior quarter and the same quarter last year, while cost of revenue also increased. Gross profit rose accordingly, but gross margin remained stable versus the prior quarter and was slightly lower than the year-ago quarter.
- The gross margin percentage was unchanged from the prior quarter, indicating that gross profit grew at a similar pace to revenue. Compared to the same quarter last year, the margin was slightly lower, meaning cost of revenue increased at a marginally faster rate than revenue over the year.
- Compared to the prior quarter, revenue and gross profit both increased, and gross margin was stable. Compared to the same quarter last year, revenue and gross profit were higher, but gross margin was slightly lower.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
3.2%
Gross profit
$2.5B
Revenue
$79.1B
Cost of revenue
$76.6B
Quarter-over-quarter change
-0.1 pts
Year-over-year change
-0.1 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 |
|---|---|---|---|---|
| Dec 31, 2023 | $72.3B | $2.5B | $69.8B | 3.4% |
| Mar 31, 2024 | $68.4B | $2.5B | $65.9B | 3.7% |
| Jun 30, 2024 | $74.2B | $2.4B | $71.8B | 3.2% |
| Sep 30, 2024 | $79.1B | $2.5B | $76.6B | 3.2% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jun 30, 2024
-0.1 pts
Year-over-year change
Sep 30, 2023
-0.1 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The gross margin percentage was unchanged from the prior quarter, indicating that gross profit grew at a similar pace to revenue. Compared to the same quarter last year, the margin was slightly lower, meaning cost of revenue increased at a marginally faster rate than revenue over the year.
Compared to the prior quarter, revenue and gross profit both increased, and gross margin was stable. Compared to the same quarter last year, revenue and gross profit were higher, but gross margin was slightly lower.
Monitor the relationship between cost of revenue growth and revenue growth, as the margin trend depends on whether these two move in step.