DuPont de Nemours, Inc. stock research
FY2024 Q1
DuPont de Nemours (DD) Gross Margin — Quarter Ended Mar 31, 2024
Revenue, gross profit, and cost of revenue were all positive this quarter, producing a gross margin of roughly thirty-one percent. The gross margin is lower than both the immediately preceding quarter and the same quarter one year earlier.
Gross margin takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue, gross profit, and cost of revenue were all positive this quarter, producing a gross margin of roughly thirty-one percent. The gross margin is lower than both the immediately preceding quarter and the same quarter one year earlier.
- The most notable change is the transition from negative revenue and gross profit in the prior quarter to positive figures this quarter, while the gross margin declined compared to both prior periods.
- Compared to the prior quarter, revenue and gross profit improved from negative to positive, but the gross margin weakened. Versus the year-ago quarter, all three metrics were lower, and the gross margin also decreased.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
31.3%
Gross profit
$501.0M
Revenue
$1.6B
Cost of revenue
$1.1B
Quarter-over-quarter change
-9.0 pts
Year-over-year change
-3.0 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 |
|---|---|---|---|---|
| Jun 30, 2023 | $3.1B | $1.1B | $2.0B | 34.4% |
| Sep 30, 2023 | $3.1B | $1.1B | $2.0B | 36.1% |
| Dec 31, 2023 | -$2.6B | -$1.0B | -$1.5B | 40.3% |
| Mar 31, 2024 | $1.6B | $501.0M | $1.1B | 31.3% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 31, 2023
-9.0 pts
Year-over-year change
Mar 31, 2023
-3.0 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The most notable change is the transition from negative revenue and gross profit in the prior quarter to positive figures this quarter, while the gross margin declined compared to both prior periods.
Compared to the prior quarter, revenue and gross profit improved from negative to positive, but the gross margin weakened. Versus the year-ago quarter, all three metrics were lower, and the gross margin also decreased.
Monitor the trend of gross margin as it relates to the relative movement of revenue and cost of revenue.