Globe Life Inc. stock research
FY2023 Q1
Globe Life (GL) Gross Margin — Quarter Ended Mar 31, 2023
Revenue and cost of revenue remained stable compared to both the prior quarter and the same quarter last year, resulting in gross profit and gross margin that were essentially unchanged. Gross margin was slightly higher than the prior quarter but consistent with the year-ago period.
Gross margin takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue and cost of revenue remained stable compared to both the prior quarter and the same quarter last year, resulting in gross profit and gross margin that were essentially unchanged. Gross margin was slightly higher than the prior quarter but consistent with the year-ago period.
- The most observable driver is the stability of revenue and cost of revenue, which have remained at similar levels across periods, allowing gross margin to stay within a narrow range.
- Compared to the immediately preceding quarter, gross margin improved marginally; compared to the same quarter one year earlier, gross margin was essentially the same.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
23.1%
Gross profit
$305.2M
Revenue
$1.3B
Cost of revenue
$1.0B
Quarter-over-quarter change
n/a
Year-over-year change
-0.0 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 | $1.3B | $305.2M | $1.0B | 23.1% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Previous quarter unavailable
n/a
Year-over-year change
Mar 31, 2022
-0.0 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The most observable driver is the stability of revenue and cost of revenue, which have remained at similar levels across periods, allowing gross margin to stay within a narrow range.
Compared to the immediately preceding quarter, gross margin improved marginally; compared to the same quarter one year earlier, gross margin was essentially the same.
Monitor whether cost of revenue or revenue trends diverge from their current narrow range in future quarters.