Alliant Energy Corporation stock research
FY2024 Q1
Alliant Energy (LNT) Gross Margin — Quarter Ended Mar 31, 2024
In the current quarter, revenue and gross profit both increased compared to the prior quarter, while cost of revenue also increased. Gross margin improved slightly. Compared to the same quarter last year, revenue and gross profit were lower, cost of revenue was slightly higher, and gross margin weakened.
Gross margin takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
In the current quarter, revenue and gross profit both increased compared to the prior quarter, while cost of revenue also increased. Gross margin improved slightly. Compared to the same quarter last year, revenue and gross profit were lower, cost of revenue was slightly higher, and gross margin weakened.
- The strongest observable driver of the gross margin change is the relative movement of revenue and cost of revenue. Sequentially, revenue grew more than cost of revenue, leading to margin improvement; year-over-year, revenue declined while cost of revenue rose, compressing margin.
- Gross margin improved from the prior quarter but weakened from the same quarter one year earlier.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
85.3%
Gross profit
$879.0M
Revenue
$1.0B
Cost of revenue
$152.0M
Quarter-over-quarter change
+0.3 pts
Year-over-year change
-1.2 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 |
|---|---|---|---|---|
| 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% |
| Mar 31, 2024 | $1.0B | $879.0M | $152.0M | 85.3% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 31, 2023
+0.3 pts
Year-over-year change
Mar 31, 2023
-1.2 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable driver of the gross margin change is the relative movement of revenue and cost of revenue. Sequentially, revenue grew more than cost of revenue, leading to margin improvement; year-over-year, revenue declined while cost of revenue rose, compressing margin.
Gross margin improved from the prior quarter but weakened from the same quarter one year earlier.
Monitor the trend in cost of revenue relative to revenue, as cost of revenue has remained relatively stable while revenue fluctuated.