Alliant Energy Corporation stock research
FY2023 Q4
Alliant Energy (LNT) Gross Margin — Quarter Ended Dec 31, 2023
Revenue and gross profit declined compared to both prior periods, while cost of revenue decreased slightly from the prior quarter and was flat year-over-year, resulting in a weaker gross margin. The filing references capacity reserve margins and a diversified fuel mix.
Gross margin takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue and gross profit declined compared to both prior periods, while cost of revenue decreased slightly from the prior quarter and was flat year-over-year, resulting in a weaker gross margin. The filing references capacity reserve margins and a diversified fuel mix.
- The decline in gross margin was driven by a proportionally larger decrease in revenue relative to the reduction in cost of revenue, as cost of revenue fell only slightly from the prior quarter and remained unchanged year-over-year.
- Compared to the immediately preceding quarter, revenue, gross profit, and gross margin were all lower, while cost of revenue was slightly lower. Compared to the same quarter one year earlier, revenue and gross profit were lower, cost of revenue was unchanged, and gross margin was lower.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
84.9%
Gross profit
$816.0M
Revenue
$961.0M
Cost of revenue
$145.0M
Quarter-over-quarter change
-0.8 pts
Year-over-year change
-1.4 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% |
| Dec 31, 2023 | $961.0M | $816.0M | $145.0M | 84.9% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Sep 30, 2023
-0.8 pts
Year-over-year change
Dec 31, 2022
-1.4 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The decline in gross margin was driven by a proportionally larger decrease in revenue relative to the reduction in cost of revenue, as cost of revenue fell only slightly from the prior quarter and remained unchanged year-over-year.
Compared to the immediately preceding quarter, revenue, gross profit, and gross margin were all lower, while cost of revenue was slightly lower. Compared to the same quarter one year earlier, revenue and gross profit were lower, cost of revenue was unchanged, and gross margin was lower.
Monitor the trend in revenue relative to cost of revenue, as the current quarter's margin compression resulted from a larger revenue decline.