Alliant Energy Corporation stock research
FY2023 Q1
Alliant Energy (LNT) Gross Margin — Quarter Ended Mar 31, 2023
Revenue was stable compared to both the prior quarter and the same quarter a year earlier. Gross profit was slightly higher than the prior quarter and essentially unchanged from a year ago, while cost of revenue increased relative to both periods, resulting in a gross margin that improved marginally from the prior quarter but weakened compared to the year-ago quarter. The filing does not provide specific commentary on gross margin drivers.
Gross margin takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue was stable compared to both the prior quarter and the same quarter a year earlier. Gross profit was slightly higher than the prior quarter and essentially unchanged from a year ago, while cost of revenue increased relative to both periods, resulting in a gross margin that improved marginally from the prior quarter but weakened compared to the year-ago quarter. The filing does not provide specific commentary on gross margin drivers.
- The strongest observable margin driver is the increase in cost of revenue, which rose compared to both the prior quarter and the same quarter last year while revenue remained flat.
- Compared to the prior quarter, gross margin improved slightly as gross profit increased more than cost of revenue. Compared to the same quarter a year earlier, gross margin weakened because cost of revenue increased while gross profit was essentially unchanged.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
86.4%
Gross profit
$931.0M
Revenue
$1.1B
Cost of revenue
$146.0M
Quarter-over-quarter change
n/a
Year-over-year change
-0.6 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 | $1.1B | $931.0M | $146.0M | 86.4% |
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
-0.6 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver is the increase in cost of revenue, which rose compared to both the prior quarter and the same quarter last year while revenue remained flat.
Compared to the prior quarter, gross margin improved slightly as gross profit increased more than cost of revenue. Compared to the same quarter a year earlier, gross margin weakened because cost of revenue increased while gross profit was essentially unchanged.
Monitor cost of revenue trends, as its increase relative to stable revenue has pressured gross margin year over year.