CRH plc stock research
FY2024 Q4
CRH (CRH) Gross Margin — Quarter Ended Dec 31, 2024
Revenue and gross profit both decreased from the prior quarter but increased compared with the same quarter last year. Gross margin weakened sequentially but improved year-over-year, reflecting a mixed relationship among revenue, cost of revenue, and gross profit.
Gross margin takeaway
Quarter ended Dec 31, 2024 · FY2024 Q4
Revenue and gross profit both decreased from the prior quarter but increased compared with the same quarter last year. Gross margin weakened sequentially but improved year-over-year, reflecting a mixed relationship among revenue, cost of revenue, and gross profit.
- The strongest observable margin driver is the year-over-year improvement in gross margin, as gross profit grew faster than cost of revenue relative to the prior year quarter.
- Compared with the immediately preceding quarter, revenue, gross profit, and gross margin were all lower. Compared with the same quarter one year earlier, revenue and gross profit were higher, and gross margin improved.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
35.6%
Gross profit
$3.2B
Revenue
$8.9B
Cost of revenue
$5.7B
Quarter-over-quarter change
-3.0 pts
Year-over-year change
+1.6 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, 2024 | $6.5B | $1.8B | $4.7B | 27.7% |
| Jun 30, 2024 | $9.7B | $3.7B | $6.0B | 38.1% |
| Sep 30, 2024 | $10.5B | $4.1B | $6.5B | 38.6% |
| Dec 31, 2024 | $8.9B | $3.2B | $5.7B | 35.6% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Sep 30, 2024
-3.0 pts
Year-over-year change
Dec 31, 2023
+1.6 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver is the year-over-year improvement in gross margin, as gross profit grew faster than cost of revenue relative to the prior year quarter.
Compared with the immediately preceding quarter, revenue, gross profit, and gross margin were all lower. Compared with the same quarter one year earlier, revenue and gross profit were higher, and gross margin improved.
Monitor the trajectory of cost of revenue relative to revenue in upcoming quarters, as the sequential decline in gross margin suggests cost pressures may persist.