LyondellBasell Industries N.V. stock research
FY2023 Q3
LyondellBasell Industries N.V. (LYB) Gross Margin — Quarter Ended Sep 30, 2023
Revenue increased slightly from the prior quarter while cost of revenue rose more, causing gross margin to narrow a bit. Compared to the same quarter last year, revenue was lower but cost of revenue dropped substantially, resulting in a much improved gross margin.
Gross margin takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue increased slightly from the prior quarter while cost of revenue rose more, causing gross margin to narrow a bit. Compared to the same quarter last year, revenue was lower but cost of revenue dropped substantially, resulting in a much improved gross margin.
- The change in cost of revenue relative to the prior year is the most visible factor, as it declined notably while revenue also fell, leading to a higher gross margin.
- Compared to the immediately preceding quarter, gross margin weakened slightly as cost growth outpaced revenue growth. Compared to the same quarter one year earlier, gross margin improved substantially as cost reduction exceeded revenue decline.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
13.6%
Gross profit
$1.4B
Revenue
$10.6B
Cost of revenue
$9.2B
Quarter-over-quarter change
-0.3 pts
Year-over-year change
+4.1 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 | $10.2B | $1.4B | $8.9B | 13.5% |
| Jun 30, 2023 | $10.3B | $1.4B | $8.9B | 14.0% |
| Sep 30, 2023 | $10.6B | $1.4B | $9.2B | 13.6% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jun 30, 2023
-0.3 pts
Year-over-year change
Sep 30, 2022
+4.1 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The change in cost of revenue relative to the prior year is the most visible factor, as it declined notably while revenue also fell, leading to a higher gross margin.
Compared to the immediately preceding quarter, gross margin weakened slightly as cost growth outpaced revenue growth. Compared to the same quarter one year earlier, gross margin improved substantially as cost reduction exceeded revenue decline.
Monitor whether the sequential increase in cost of revenue continues in the upcoming quarters.