Globe Life Inc. stock research
FY2024 Q2
Globe Life (GL) Gross Margin — Quarter Ended Jun 30, 2024
Revenue was stable sequentially but higher year-over-year. Gross profit improved both sequentially and year-over-year, while gross margin edged higher sequentially but was slightly lower compared to the same quarter last year.
Gross margin takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue was stable sequentially but higher year-over-year. Gross profit improved both sequentially and year-over-year, while gross margin edged higher sequentially but was slightly lower compared to the same quarter last year.
- Gross profit growth reflects the combined effect of revenue expansion and cost of revenue changes.
- Compared to the prior quarter, gross margin improved slightly. Compared to the same quarter last year, gross margin was marginally lower.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
23.3%
Gross profit
$334.9M
Revenue
$1.4B
Cost of revenue
$1.1B
Quarter-over-quarter change
+0.2 pts
Year-over-year change
-0.1 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, 2023 | $1.3B | $310.3M | $1.0B | 23.4% |
| 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% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Mar 31, 2024
+0.2 pts
Year-over-year change
Jun 30, 2023
-0.1 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
Gross profit growth reflects the combined effect of revenue expansion and cost of revenue changes.
Compared to the prior quarter, gross margin improved slightly. Compared to the same quarter last year, gross margin was marginally lower.
Monitor the trend in gross margin to see if the narrow fluctuations continue.