CRH plc stock research
FY2025 Q4
CRH (CRH) Gross Margin — Quarter Ended Dec 31, 2025
Revenue and gross profit both decreased from the prior quarter, while cost of revenue declined at a slower rate, resulting in a lower gross margin. Compared to the same quarter last year, revenue and gross profit were higher, cost of revenue was higher, and gross margin was stable.
Gross margin takeaway
Quarter ended Dec 31, 2025 · FY2025 Q4
Revenue and gross profit both decreased from the prior quarter, while cost of revenue declined at a slower rate, resulting in a lower gross margin. Compared to the same quarter last year, revenue and gross profit were higher, cost of revenue was higher, and gross margin was stable.
- The gross margin weakened sequentially as the decline in gross profit outpaced the decline in revenue, indicating that cost of revenue did not decrease proportionally. The year-over-year stability in gross margin suggests that the relationship among revenue, cost of revenue, and gross profit remained consistent over the longer term.
- Compared to the prior quarter, revenue and gross profit were lower, cost of revenue was lower, and gross margin weakened. Compared to the same quarter last year, revenue and gross profit were higher, cost of revenue was higher, and gross margin was unchanged.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
35.6%
Gross profit
$3.4B
Revenue
$9.4B
Cost of revenue
$6.1B
Quarter-over-quarter change
-3.3 pts
Year-over-year change
+0.0 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 |
|---|---|---|---|---|
| Mar 31, 2025 | $6.8B | $1.8B | $4.9B | 27.2% |
| Jun 30, 2025 | $10.2B | $4.0B | $6.2B | 39.4% |
| Sep 30, 2025 | $11.1B | $4.3B | $6.8B | 38.9% |
| Dec 31, 2025 | $9.4B | $3.4B | $6.1B | 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, 2025
-3.3 pts
Year-over-year change
Dec 31, 2024
+0.0 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The gross margin weakened sequentially as the decline in gross profit outpaced the decline in revenue, indicating that cost of revenue did not decrease proportionally. The year-over-year stability in gross margin suggests that the relationship among revenue, cost of revenue, and gross profit remained consistent over the longer term.
Compared to the prior quarter, revenue and gross profit were lower, cost of revenue was lower, and gross margin weakened. Compared to the same quarter last year, revenue and gross profit were higher, cost of revenue was higher, and gross margin was unchanged.
Monitor the trajectory of cost of revenue relative to revenue in upcoming quarters, as the sequential margin compression suggests cost leverage may be under pressure.