GE HealthCare Technologies Inc. stock research
FY2023 Q3
GE HealthCare Technologies (GEHC) Gross Margin — Quarter Ended Sep 30, 2023
In the current quarter, revenue and gross profit were both higher than the same quarter last year, while cost of revenue also increased. The gross margin improved compared to the prior year but weakened slightly from the immediately preceding quarter.
Gross margin takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
In the current quarter, revenue and gross profit were both higher than the same quarter last year, while cost of revenue also increased. The gross margin improved compared to the prior year but weakened slightly from the immediately preceding quarter.
- The year-over-year expansion in gross margin reflects a larger increase in gross profit relative to the increases in revenue and cost of revenue.
- Compared to the previous quarter, revenue and gross profit were unchanged, while gross margin edged lower. Compared to the same quarter one year earlier, revenue, gross profit, and cost of revenue were all higher, with gross margin improving.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
40.1%
Gross profit
$1.9B
Revenue
$4.8B
Cost of revenue
$2.9B
Quarter-over-quarter change
-0.1 pts
Year-over-year change
+1.4 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, 2023 | $4.7B | $1.9B | $2.8B | 40.2% |
| Jun 30, 2023 | $4.8B | $1.9B | $2.9B | 40.3% |
| Sep 30, 2023 | $4.8B | $1.9B | $2.9B | 40.1% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jun 30, 2023
-0.1 pts
Year-over-year change
Sep 30, 2022
+1.4 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The year-over-year expansion in gross margin reflects a larger increase in gross profit relative to the increases in revenue and cost of revenue.
Compared to the previous quarter, revenue and gross profit were unchanged, while gross margin edged lower. Compared to the same quarter one year earlier, revenue, gross profit, and cost of revenue were all higher, with gross margin improving.
Monitor whether the gross margin can sustain its year-over-year improvement given the slight sequential decline.