CRH plc stock research
FY2024 Q2
CRH (CRH) Gross Margin — Quarter Ended Jun 30, 2024
Revenue and gross profit were higher than the prior quarter, and the gross margin strengthened. Compared to the same quarter one year earlier, revenue was steady, gross profit was slightly higher, and gross margin also improved.
Gross margin takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue and gross profit were higher than the prior quarter, and the gross margin strengthened. Compared to the same quarter one year earlier, revenue was steady, gross profit was slightly higher, and gross margin also improved.
- The gross margin improved compared to both the prior quarter and the same quarter one year earlier, with cost of revenue declining slightly year-over-year while revenue remained flat.
- Compared to the prior quarter, revenue and gross profit were higher, and gross margin improved. Compared to the same quarter last year, revenue was unchanged, gross profit was slightly higher, and gross margin also improved.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
38.1%
Gross profit
$3.7B
Revenue
$9.7B
Cost of revenue
$6.0B
Quarter-over-quarter change
+10.4 pts
Year-over-year change
+0.7 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 |
|---|---|---|---|---|
| Sep 30, 2023 | $10.1B | $3.8B | $6.4B | 37.2% |
| Dec 31, 2023 | $8.7B | $3.0B | $5.7B | 34.0% |
| Mar 31, 2024 | $6.5B | $1.8B | $4.7B | 27.7% |
| Jun 30, 2024 | $9.7B | $3.7B | $6.0B | 38.1% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Mar 31, 2024
+10.4 pts
Year-over-year change
Jun 30, 2023
+0.7 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The gross margin improved compared to both the prior quarter and the same quarter one year earlier, with cost of revenue declining slightly year-over-year while revenue remained flat.
Compared to the prior quarter, revenue and gross profit were higher, and gross margin improved. Compared to the same quarter last year, revenue was unchanged, gross profit was slightly higher, and gross margin also improved.
Monitor the trajectory of cost of revenue relative to revenue, and the company's increased debt levels as noted in the filing.