Masco Corporation stock research
FY2023 Q1
Masco (MAS) Gross Margin — Quarter Ended Mar 31, 2023
Revenue increased from the prior quarter but decreased from the same quarter last year. Gross profit increased sequentially and decreased year-over-year, while cost of revenue decreased on both comparisons, resulting in gross margin improvement.
Gross margin takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue increased from the prior quarter but decreased from the same quarter last year. Gross profit increased sequentially and decreased year-over-year, while cost of revenue decreased on both comparisons, resulting in gross margin improvement.
- The primary observable driver of the gross margin change was the reduction in cost of revenue relative to revenue. Cost of revenue declined on both a sequential and year-over-year basis, while revenue increased sequentially and declined year-over-year.
- Compared to the prior quarter, gross margin improved. Compared to the same quarter one year ago, gross margin also improved.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
33.8%
Gross profit
$669.0M
Revenue
$2.0B
Cost of revenue
$1.3B
Quarter-over-quarter change
n/a
Year-over-year change
+1.8 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 | $2.0B | $669.0M | $1.3B | 33.8% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Previous quarter unavailable
n/a
Year-over-year change
Mar 31, 2022
+1.8 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The primary observable driver of the gross margin change was the reduction in cost of revenue relative to revenue. Cost of revenue declined on both a sequential and year-over-year basis, while revenue increased sequentially and declined year-over-year.
Compared to the prior quarter, gross margin improved. Compared to the same quarter one year ago, gross margin also improved.
Monitor the trend in cost of revenue relative to revenue, as it has been the key factor in margin changes.