Alliant Energy Corporation stock research
FY2023 Q2
Alliant Energy (LNT) Gross Margin — Quarter Ended Jun 30, 2023
Revenue and gross profit declined from both the preceding quarter and the year-ago quarter. Gross margin weakened as cost of revenue decreased less than revenue sequentially and increased year over year.
Gross margin takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue and gross profit declined from both the preceding quarter and the year-ago quarter. Gross margin weakened as cost of revenue decreased less than revenue sequentially and increased year over year.
- The strongest observable margin driver is the relative change in cost of revenue compared to revenue. Cost of revenue decreased at a slower rate than revenue from the prior quarter and increased from the year-ago quarter, compressing gross margin.
- Compared to the immediately preceding quarter, revenue, gross profit, and cost of revenue were all lower, but gross margin declined. Compared to the same quarter one year earlier, revenue and gross profit were lower while cost of revenue was higher, resulting in a lower gross margin.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
84.9%
Gross profit
$774.0M
Revenue
$912.0M
Cost of revenue
$138.0M
Quarter-over-quarter change
-1.6 pts
Year-over-year change
-1.0 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% |
| Jun 30, 2023 | $912.0M | $774.0M | $138.0M | 84.9% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Mar 31, 2023
-1.6 pts
Year-over-year change
Jun 30, 2022
-1.0 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver is the relative change in cost of revenue compared to revenue. Cost of revenue decreased at a slower rate than revenue from the prior quarter and increased from the year-ago quarter, compressing gross margin.
Compared to the immediately preceding quarter, revenue, gross profit, and cost of revenue were all lower, but gross margin declined. Compared to the same quarter one year earlier, revenue and gross profit were lower while cost of revenue was higher, resulting in a lower gross margin.
Monitor the outcome of WPL's rate review filing with the PSCW for the 2024/2025 test period, as it may affect future revenue and cost recovery.