DuPont de Nemours, Inc. stock research
FY2025 Q3
DuPont de Nemours (DD) Gross Margin — Quarter Ended Sep 30, 2025
Revenue decreased compared to the prior quarter, with gross profit declining proportionally less than cost of revenue, leading to an improvement in gross margin. Versus the same quarter last year, revenue increased while gross profit rose moderately, though gross margin remained relatively stable.
Gross margin takeaway
Quarter ended Sep 30, 2025 · FY2025 Q3
Revenue decreased compared to the prior quarter, with gross profit declining proportionally less than cost of revenue, leading to an improvement in gross margin. Versus the same quarter last year, revenue increased while gross profit rose moderately, though gross margin remained relatively stable.
- The strongest observable margin driver was the improved gross margin relative to the prior quarter, reflecting a lower cost of revenue relative to revenue. This change improved profitability at the gross profit level.
- Compared to the prior quarter, gross margin was higher, driven by a lower proportion of cost of revenue to revenue. Versus the same quarter one year ago, gross margin was slightly lower, as revenue growth was offset by a modestly higher cost of revenue ratio.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
44.1%
Gross profit
$1.1B
Revenue
$2.4B
Cost of revenue
$1.3B
Quarter-over-quarter change
+5.4 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, 2024 | $2.2B | $968.0M | $1.2B | 44.8% |
| Mar 31, 2025 | $1.6B | $543.0M | $1.1B | 33.7% |
| Jun 30, 2025 | $4.7B | $1.8B | $2.9B | 38.6% |
| Sep 30, 2025 | $2.4B | $1.1B | $1.3B | 44.1% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jun 30, 2025
+5.4 pts
Year-over-year change
Sep 30, 2024
-0.7 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver was the improved gross margin relative to the prior quarter, reflecting a lower cost of revenue relative to revenue. This change improved profitability at the gross profit level.
Compared to the prior quarter, gross margin was higher, driven by a lower proportion of cost of revenue to revenue. Versus the same quarter one year ago, gross margin was slightly lower, as revenue growth was offset by a modestly higher cost of revenue ratio.
Monitor the impact of the Electronics business separation on future revenue, cost of revenue, and gross margin trends, as the divested business will be classified as discontinued operations starting in the next quarter.