Alliant Energy Corporation stock research
FY2024 Q2
Alliant Energy (LNT) Gross Margin — Quarter Ended Jun 30, 2024
Revenue and gross profit were lower than both the preceding quarter and the same quarter one year earlier. Cost of revenue decreased from the prior quarter but increased from the year-ago period, resulting in a gross margin that weakened compared to both periods.
Gross margin takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue and gross profit were lower than both the preceding quarter and the same quarter one year earlier. Cost of revenue decreased from the prior quarter but increased from the year-ago period, resulting in a gross margin that weakened compared to both periods.
- The primary observable driver was the decline in gross profit relative to revenue, as gross profit decreased more than revenue when compared to the prior quarter and the year-ago quarter.
- Compared to the immediately preceding quarter, revenue and gross profit were lower while cost of revenue was also lower, yet gross margin weakened. Versus the same quarter one year earlier, revenue and gross profit were lower, cost of revenue was higher, and gross margin weakened.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
83.6%
Gross profit
$747.0M
Revenue
$894.0M
Cost of revenue
$147.0M
Quarter-over-quarter change
-1.7 pts
Year-over-year change
-1.3 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 |
|---|---|---|---|---|
| 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% |
| Jun 30, 2024 | $894.0M | $747.0M | $147.0M | 83.6% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Mar 31, 2024
-1.7 pts
Year-over-year change
Jun 30, 2023
-1.3 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The primary observable driver was the decline in gross profit relative to revenue, as gross profit decreased more than revenue when compared to the prior quarter and the year-ago quarter.
Compared to the immediately preceding quarter, revenue and gross profit were lower while cost of revenue was also lower, yet gross margin weakened. Versus the same quarter one year earlier, revenue and gross profit were lower, cost of revenue was higher, and gross margin weakened.
Monitor the trend in cost of revenue relative to revenue, as changes in this relationship directly affect gross margin.