Kimberly-Clark Corporation stock research
FY2023 Q1
Kimberly-Clark (KMB) Gross Margin — Quarter Ended Mar 31, 2023
Revenue and gross profit both increased compared to the prior quarter and the same quarter last year, while cost of revenue was higher than the prior quarter but lower than a year ago. Gross margin improved sequentially and showed a notable year-over-year increase.
Gross margin takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue and gross profit both increased compared to the prior quarter and the same quarter last year, while cost of revenue was higher than the prior quarter but lower than a year ago. Gross margin improved sequentially and showed a notable year-over-year increase.
- The strongest observable margin driver is the relationship between revenue and cost of revenue: revenue grew faster than cost of revenue compared to both the prior quarter and the year-ago quarter, leading to gross margin expansion.
- Compared to the immediately preceding quarter, gross margin was higher; compared to the same quarter one year earlier, gross margin was also higher. Revenue and gross profit were higher in both comparisons, while cost of revenue was higher than the prior quarter but lower than a year ago.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
33.2%
Gross profit
$1.7B
Revenue
$5.2B
Cost of revenue
$3.5B
Quarter-over-quarter change
n/a
Year-over-year change
+3.4 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, 2023 | $5.2B | $1.7B | $3.5B | 33.2% |
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
+3.4 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver is the relationship between revenue and cost of revenue: revenue grew faster than cost of revenue compared to both the prior quarter and the year-ago quarter, leading to gross margin expansion.
Compared to the immediately preceding quarter, gross margin was higher; compared to the same quarter one year earlier, gross margin was also higher. Revenue and gross profit were higher in both comparisons, while cost of revenue was higher than the prior quarter but lower than a year ago.
Monitor the trend in cost of revenue relative to revenue, as its movement directly affects gross margin stability.