EQT Corporation stock research
FY2024 Q4
EQT (EQT) Gross Margin — Quarter Ended Dec 31, 2024
Revenue increased from the previous quarter but decreased compared to the same quarter a year ago. Gross profit followed a similar pattern, while cost of revenue was lower in both comparisons, resulting in an improved gross margin relative to both periods.
Gross margin takeaway
Quarter ended Dec 31, 2024 · FY2024 Q4
Revenue increased from the previous quarter but decreased compared to the same quarter a year ago. Gross profit followed a similar pattern, while cost of revenue was lower in both comparisons, resulting in an improved gross margin relative to both periods.
- The most significant driver of the gross margin improvement was the reduction in cost of revenue, which declined more than proportionally relative to revenue.
- Sequentially, gross margin strengthened from the prior quarter, and on a year-over-year basis, it also improved despite lower revenue.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
76.2%
Gross profit
$1.2B
Revenue
$1.6B
Cost of revenue
$386.5M
Quarter-over-quarter change
+10.5 pts
Year-over-year change
+3.8 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 | $1.4B | $867.1M | $545.2M | 61.4% |
| Jun 30, 2024 | $952.5M | $409.4M | $543.1M | 43.0% |
| Sep 30, 2024 | $1.3B | $843.0M | $440.8M | 65.7% |
| Dec 31, 2024 | $1.6B | $1.2B | $386.5M | 76.2% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Sep 30, 2024
+10.5 pts
Year-over-year change
Dec 31, 2023
+3.8 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The most significant driver of the gross margin improvement was the reduction in cost of revenue, which declined more than proportionally relative to revenue.
Sequentially, gross margin strengthened from the prior quarter, and on a year-over-year basis, it also improved despite lower revenue.
Monitor the trajectory of cost of revenue relative to revenue in future periods.