Alliant Energy Corporation stock research
FY2024 Q3
Alliant Energy (LNT) Gross Margin — Quarter Ended Sep 30, 2024
Revenue was higher than the prior quarter but unchanged from the same quarter last year. Gross profit improved sequentially but declined year-over-year, resulting in a gross margin that strengthened from the prior quarter but weakened compared to the same period a year ago.
Gross margin takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue was higher than the prior quarter but unchanged from the same quarter last year. Gross profit improved sequentially but declined year-over-year, resulting in a gross margin that strengthened from the prior quarter but weakened compared to the same period a year ago.
- The relationship between cost of revenue and revenue drove the gross margin changes. Cost of revenue increased at a slower pace than revenue sequentially, but increased year-over-year while revenue remained flat.
- Compared to the prior quarter, revenue and gross profit both increased, and gross margin improved. Compared to the same quarter last year, revenue was stable, gross profit was lower, and gross margin weakened.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
84.7%
Gross profit
$916.0M
Revenue
$1.1B
Cost of revenue
$165.0M
Quarter-over-quarter change
+1.2 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 |
|---|---|---|---|---|
| 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% |
| Sep 30, 2024 | $1.1B | $916.0M | $165.0M | 84.7% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jun 30, 2024
+1.2 pts
Year-over-year change
Sep 30, 2023
-1.0 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The relationship between cost of revenue and revenue drove the gross margin changes. Cost of revenue increased at a slower pace than revenue sequentially, but increased year-over-year while revenue remained flat.
Compared to the prior quarter, revenue and gross profit both increased, and gross margin improved. Compared to the same quarter last year, revenue was stable, gross profit was lower, and gross margin weakened.
Monitor the trend in cost of revenue relative to revenue, as it directly influences gross margin.