JABIL INC stock research
FY2024 Q4
JABIL (JBL) Gross Margin — Quarter Ended Aug 31, 2024
Revenue and gross profit both increased compared to the prior quarter, while cost of revenue rose less proportionally, resulting in an improved gross margin. Versus the same quarter last year, revenue and gross profit declined, but gross margin strengthened as cost of revenue fell more sharply.
Gross margin takeaway
Quarter ended Aug 31, 2024 · FY2024 Q4
Revenue and gross profit both increased compared to the prior quarter, while cost of revenue rose less proportionally, resulting in an improved gross margin. Versus the same quarter last year, revenue and gross profit declined, but gross margin strengthened as cost of revenue fell more sharply.
- The gross margin improved sequentially and year-over-year, supported by a relatively lower increase in cost of revenue compared to revenue in the current quarter.
- Compared to the prior quarter, revenue and gross profit were higher, and gross margin improved. Versus the same quarter last year, revenue and gross profit were lower, but gross margin was higher.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
9.5%
Gross profit
$663.0M
Revenue
$7.0B
Cost of revenue
$6.3B
Quarter-over-quarter change
+0.5 pts
Year-over-year change
+0.5 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 |
|---|---|---|---|---|
| Nov 30, 2023 | $8.4B | $775.0M | $7.6B | 9.2% |
| Feb 29, 2024 | $6.8B | $630.0M | $6.1B | 9.3% |
| May 31, 2024 | $6.8B | $608.0M | $6.2B | 9.0% |
| Aug 31, 2024 | $7.0B | $663.0M | $6.3B | 9.5% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
May 31, 2024
+0.5 pts
Year-over-year change
Aug 31, 2023
+0.5 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The gross margin improved sequentially and year-over-year, supported by a relatively lower increase in cost of revenue compared to revenue in the current quarter.
Compared to the prior quarter, revenue and gross profit were higher, and gross margin improved. Versus the same quarter last year, revenue and gross profit were lower, but gross margin was higher.
Monitor the trajectory of cost of revenue relative to revenue, as its proportion drove gross margin changes.