Johnson Controls International plc stock research
FY2025 Q1
Johnson Controls International (JCI) Gross Margin — Quarter Ended Dec 31, 2024
Revenue, cost of revenue, and gross profit all changed from the prior periods. The resulting gross margin was higher than the same quarter last year but lower than the immediately preceding quarter.
Gross margin takeaway
Quarter ended Dec 31, 2024 · FY2025 Q1
Revenue, cost of revenue, and gross profit all changed from the prior periods. The resulting gross margin was higher than the same quarter last year but lower than the immediately preceding quarter.
- The strongest observable margin driver was the year-over-year improvement, where revenue increased while cost of revenue grew at a slower pace, leading to a higher gross margin.
- Compared to the previous quarter, gross margin weakened as revenue declined more than cost of revenue. Compared to the same quarter a year ago, gross margin improved as revenue growth exceeded cost growth.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
35.5%
Gross profit
$1.9B
Revenue
$5.4B
Cost of revenue
$3.5B
Quarter-over-quarter change
-0.8 pts
Year-over-year change
+1.4 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, 2024 | $5.6B | $1.9B | $3.7B | 34.3% |
| Jun 30, 2024 | $5.9B | $2.1B | $3.8B | 35.8% |
| Sep 30, 2024 | $6.2B | $2.3B | $4.0B | 36.3% |
| Dec 31, 2024 | $5.4B | $1.9B | $3.5B | 35.5% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Sep 30, 2024
-0.8 pts
Year-over-year change
Dec 31, 2023
+1.4 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver was the year-over-year improvement, where revenue increased while cost of revenue grew at a slower pace, leading to a higher gross margin.
Compared to the previous quarter, gross margin weakened as revenue declined more than cost of revenue. Compared to the same quarter a year ago, gross margin improved as revenue growth exceeded cost growth.
Monitor the revenue and cost of sales breakdown by products/systems and services segments as disclosed in the filing.