DuPont de Nemours, Inc. stock research
FY2024 Q2
DuPont de Nemours (DD) Gross Margin — Quarter Ended Jun 30, 2024
Revenue, gross profit, and cost of revenue all increased compared to both the immediately preceding quarter and the same quarter one year earlier. The gross margin improved relative to both prior periods, reflecting a larger proportion of revenue flowing to gross profit after accounting for cost of revenue.
Gross margin takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue, gross profit, and cost of revenue all increased compared to both the immediately preceding quarter and the same quarter one year earlier. The gross margin improved relative to both prior periods, reflecting a larger proportion of revenue flowing to gross profit after accounting for cost of revenue.
- The strongest observable margin driver is the relationship between revenue and cost of revenue; revenue grew at a faster pace than cost of revenue, leading to a higher gross margin. This driver is consistent across both comparison periods.
- Compared to the immediately preceding quarter, gross margin improved. Compared to the same quarter one year earlier, gross margin also improved, though the year-ago margin was higher than the prior-quarter margin.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
37.5%
Gross profit
$1.7B
Revenue
$4.5B
Cost of revenue
$2.8B
Quarter-over-quarter change
+6.1 pts
Year-over-year change
+3.1 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 |
|---|---|---|---|---|
| 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% |
| Jun 30, 2024 | $4.5B | $1.7B | $2.8B | 37.5% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Mar 31, 2024
+6.1 pts
Year-over-year change
Jun 30, 2023
+3.1 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver is the relationship between revenue and cost of revenue; revenue grew at a faster pace than cost of revenue, leading to a higher gross margin. This driver is consistent across both comparison periods.
Compared to the immediately preceding quarter, gross margin improved. Compared to the same quarter one year earlier, gross margin also improved, though the year-ago margin was higher than the prior-quarter margin.
Monitor whether revenue growth continues to outpace cost of revenue growth in subsequent quarters, as this relationship directly supports margin stability or improvement.