Kimberly-Clark Corporation stock research
FY2025 Q1
Kimberly-Clark (KMB) Gross Margin — Quarter Ended Mar 31, 2025
Revenue was unchanged from the prior quarter, while gross profit increased and cost of revenue decreased, leading to an improved gross margin. Compared with the same quarter a year ago, revenue, gross profit, and cost of revenue were all lower, and gross margin weakened.
Gross margin takeaway
Quarter ended Mar 31, 2025 · FY2025 Q1
Revenue was unchanged from the prior quarter, while gross profit increased and cost of revenue decreased, leading to an improved gross margin. Compared with the same quarter a year ago, revenue, gross profit, and cost of revenue were all lower, and gross margin weakened.
- The strongest observable driver of the sequential margin improvement is the decline in cost of revenue relative to stable revenue. The filing references non-GAAP measures and U.S. trade policy changes, which may be relevant to future margin trends.
- Sequentially, gross margin improved as cost of revenue fell and revenue was unchanged. Year over year, gross margin weakened, with revenue, gross profit, and cost of revenue all lower.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
37.2%
Gross profit
$1.5B
Revenue
$4.1B
Cost of revenue
$2.5B
Quarter-over-quarter change
-0.5 pts
Year-over-year change
-1.8 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 | $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% |
| Mar 31, 2025 | $4.1B | $1.5B | $2.5B | 37.2% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Sep 30, 2024
-0.5 pts
Year-over-year change
Mar 31, 2024
-1.8 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable driver of the sequential margin improvement is the decline in cost of revenue relative to stable revenue. The filing references non-GAAP measures and U.S. trade policy changes, which may be relevant to future margin trends.
Sequentially, gross margin improved as cost of revenue fell and revenue was unchanged. Year over year, gross margin weakened, with revenue, gross profit, and cost of revenue all lower.
Monitor the potential effects of U.S. trade policy changes, as referenced in the company's filing, on future cost and revenue.