Globe Life Inc. stock research
FY2024 Q3
Globe Life (GL) Gross Margin & Quarterly History
Explore Globe Life Inc. (GL) gross margin from 2023 through the latest reported quarter, using SEC-sourced revenue, gross profit, and direct costs.
Gross margin takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue increased and gross profit rose at a faster pace, leading to an improved gross margin. Cost of revenue remained stable compared to the prior period.
- The improvement in gross margin was primarily driven by gross profit growing more quickly than revenue.
- Compared with the preceding quarter, revenue and gross profit were higher and gross margin improved. Versus the same quarter one year earlier, both revenue and gross profit were higher and gross margin was stronger.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
26.1%
Gross profit
$379.1M
Revenue
$1.5B
Cost of revenue
$1.1B
Quarter-over-quarter change
+2.8 pts
Year-over-year change
+2.9 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 | $1.4B | $321.0M | $1.1B | 23.2% |
| Mar 31, 2024 | $1.4B | $326.7M | $1.1B | 23.1% |
| Jun 30, 2024 | $1.4B | $334.9M | $1.1B | 23.3% |
| Sep 30, 2024 | $1.5B | $379.1M | $1.1B | 26.1% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jun 30, 2024
+2.8 pts
Year-over-year change
Sep 30, 2023
+2.9 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The improvement in gross margin was primarily driven by gross profit growing more quickly than revenue.
Compared with the preceding quarter, revenue and gross profit were higher and gross margin improved. Versus the same quarter one year earlier, both revenue and gross profit were higher and gross margin was stronger.
Monitor whether cost of revenue remains stable, as it has been unchanged recently.
Peer context
Latest available gross margins for related public companies.
| Company | Gross margin |
|---|---|
| Globe Life Inc. (GL) | 26.1% |