Kimberly-Clark Corporation stock research
FY2024 Q3
Kimberly-Clark (KMB) Gross Margin — Quarter Ended Sep 30, 2024
Revenue and cost of revenue both decreased compared to the prior quarter, leaving gross profit and gross margin unchanged. Versus the same quarter last year, revenue and cost of revenue were lower, while gross profit declined less sharply, resulting in an improved gross margin.
Gross margin takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue and cost of revenue both decreased compared to the prior quarter, leaving gross profit and gross margin unchanged. Versus the same quarter last year, revenue and cost of revenue were lower, while gross profit declined less sharply, resulting in an improved gross margin.
- Gross margin was stable sequentially as the proportional relationship between revenue and cost of revenue held steady. The year-over-year improvement in gross margin was driven by a more favorable balance between revenue and cost of revenue, with cost declining more than revenue.
- Compared to the prior quarter, revenue was lower and cost of revenue was lower, with gross profit and gross margin unchanged. Compared to the same quarter last year, revenue and cost of revenue were lower, but gross profit was higher and gross margin improved.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
37.7%
Gross profit
$1.6B
Revenue
$4.1B
Cost of revenue
$2.6B
Quarter-over-quarter change
+0.1 pts
Year-over-year change
+1.9 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 |
|---|---|---|---|---|
| Dec 31, 2023 | $1.7B | $974.0M | $711.0M | 57.8% |
| Mar 31, 2024 | $4.3B | $1.7B | $3.2B | 39.0% |
| Jun 30, 2024 | $4.2B | $1.6B | $2.6B | 37.7% |
| Sep 30, 2024 | $4.1B | $1.6B | $2.6B | 37.7% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jun 30, 2024
+0.1 pts
Year-over-year change
Sep 30, 2023
+1.9 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
Gross margin was stable sequentially as the proportional relationship between revenue and cost of revenue held steady. The year-over-year improvement in gross margin was driven by a more favorable balance between revenue and cost of revenue, with cost declining more than revenue.
Compared to the prior quarter, revenue was lower and cost of revenue was lower, with gross profit and gross margin unchanged. Compared to the same quarter last year, revenue and cost of revenue were lower, but gross profit was higher and gross margin improved.
Monitor whether the stable gross margin can be maintained if revenue continues to decline.