Alliant Energy Corporation stock research
FY2023 Q3
Alliant Energy (LNT) Gross Margin — Quarter Ended Sep 30, 2023
For the quarter, gross profit was substantially higher than cost of revenue, resulting in a strong gross margin. Revenue and gross profit both increased from the prior quarter, while cost of revenue also rose, leading to a slightly improved gross margin; compared to the same quarter last year, gross profit was lower on similar revenue, causing a modest weakening in gross margin.
Gross margin takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
For the quarter, gross profit was substantially higher than cost of revenue, resulting in a strong gross margin. Revenue and gross profit both increased from the prior quarter, while cost of revenue also rose, leading to a slightly improved gross margin; compared to the same quarter last year, gross profit was lower on similar revenue, causing a modest weakening in gross margin.
- The sequential improvement in gross margin was associated with cost of revenue increasing at a slower pace than revenue. The year-over-year decline in gross margin was linked to a lower gross profit while revenue remained stable.
- Compared to the immediately preceding quarter, gross margin improved. Compared to the same quarter one year earlier, gross margin weakened.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
85.7%
Gross profit
$923.0M
Revenue
$1.1B
Cost of revenue
$154.0M
Quarter-over-quarter change
+0.8 pts
Year-over-year change
-0.5 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 | $1.1B | $931.0M | $146.0M | 86.4% |
| Jun 30, 2023 | $912.0M | $774.0M | $138.0M | 84.9% |
| Sep 30, 2023 | $1.1B | $923.0M | $154.0M | 85.7% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jun 30, 2023
+0.8 pts
Year-over-year change
Sep 30, 2022
-0.5 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The sequential improvement in gross margin was associated with cost of revenue increasing at a slower pace than revenue. The year-over-year decline in gross margin was linked to a lower gross profit while revenue remained stable.
Compared to the immediately preceding quarter, gross margin improved. Compared to the same quarter one year earlier, gross margin weakened.
Monitor the trend in operating cash flows as disclosed in the liquidity and capital resources section of the filing.