GE HealthCare Technologies Inc. stock research
FY2025 Q1
GE HealthCare Technologies (GEHC) Gross Margin — Quarter Ended Mar 31, 2025
Revenue and gross profit in the current quarter declined from the immediately preceding quarter but grew compared with the same quarter one year earlier. Gross margin weakened slightly from the prior quarter yet improved year over year, reflecting a mixed performance across the two comparison periods.
Gross margin takeaway
Quarter ended Mar 31, 2025 · FY2025 Q1
Revenue and gross profit in the current quarter declined from the immediately preceding quarter but grew compared with the same quarter one year earlier. Gross margin weakened slightly from the prior quarter yet improved year over year, reflecting a mixed performance across the two comparison periods.
- The strongest observable margin driver is the relationship between revenue and cost of revenue: year-over-year, cost grew slower than revenue, lifting gross margin; sequentially, cost fell proportionally more than revenue, leading to a small margin decline.
- Compared with the immediately preceding quarter, revenue, gross profit, and cost of revenue were all lower, and gross margin weakened. Compared with the same quarter one year earlier, all three metrics were higher and gross margin improved.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
42.1%
Gross profit
$2.0B
Revenue
$4.8B
Cost of revenue
$2.8B
Quarter-over-quarter change
-0.7 pts
Year-over-year change
+1.2 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, 2024 | $4.8B | $2.0B | $2.8B | 41.4% |
| Sep 30, 2024 | $4.9B | $2.0B | $2.8B | 41.7% |
| Dec 31, 2024 | $5.3B | $2.3B | $3.0B | 42.8% |
| Mar 31, 2025 | $4.8B | $2.0B | $2.8B | 42.1% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 31, 2024
-0.7 pts
Year-over-year change
Mar 31, 2024
+1.2 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: year-over-year, cost grew slower than revenue, lifting gross margin; sequentially, cost fell proportionally more than revenue, leading to a small margin decline.
Compared with the immediately preceding quarter, revenue, gross profit, and cost of revenue were all lower, and gross margin weakened. Compared with the same quarter one year earlier, all three metrics were higher and gross margin improved.
Monitor whether gross margin can stabilize or strengthen in upcoming periods, given the sequential decline despite year-over-year improvement.