Kimberly-Clark Corporation stock research
FY2023 Q2
Kimberly-Clark (KMB) Gross Margin — Quarter Ended Jun 30, 2023
Revenue was stable compared to the prior quarter and the same quarter last year. Gross profit improved relative to a year ago, while cost of revenue was lower than both the preceding quarter and the year-ago period, resulting in a higher gross margin.
Gross margin takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue was stable compared to the prior quarter and the same quarter last year. Gross profit improved relative to a year ago, while cost of revenue was lower than both the preceding quarter and the year-ago period, resulting in a higher gross margin.
- The gross margin improved compared to both the prior quarter and the same quarter last year, driven by a lower cost of revenue relative to revenue.
- Compared to the immediately preceding quarter, revenue was slightly lower but gross margin was higher. Versus the same quarter one year earlier, revenue was stable while gross margin was higher.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
33.7%
Gross profit
$1.7B
Revenue
$5.1B
Cost of revenue
$3.4B
Quarter-over-quarter change
+0.5 pts
Year-over-year change
+3.5 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 |
|---|---|---|---|---|
| Mar 31, 2023 | $5.2B | $1.7B | $3.5B | 33.2% |
| Jun 30, 2023 | $5.1B | $1.7B | $3.4B | 33.7% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Mar 31, 2023
+0.5 pts
Year-over-year change
Jun 30, 2022
+3.5 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The gross margin improved compared to both the prior quarter and the same quarter last year, driven by a lower cost of revenue relative to revenue.
Compared to the immediately preceding quarter, revenue was slightly lower but gross margin was higher. Versus the same quarter one year earlier, revenue was stable while gross margin was higher.
Monitor the trajectory of cost of revenue, as its decline was the primary factor behind the gross margin improvement.