Masco Corporation stock research
FY2025 Q1
Masco (MAS) Gross Margin — Quarter Ended Mar 31, 2025
Revenue was stable compared to the prior quarter, while gross profit increased and cost of revenue remained similar, leading to an improved gross margin. Versus the same quarter last year, revenue was lower and gross profit decreased, but cost of revenue was comparable, resulting in a slightly higher gross margin.
Gross margin takeaway
Quarter ended Mar 31, 2025 · FY2025 Q1
Revenue was stable compared to the prior quarter, while gross profit increased and cost of revenue remained similar, leading to an improved gross margin. Versus the same quarter last year, revenue was lower and gross profit decreased, but cost of revenue was comparable, resulting in a slightly higher gross margin.
- The strongest observable margin driver is the increase in gross profit relative to stable revenue, which directly lifted the gross margin from the prior quarter. This improvement occurred without a corresponding rise in cost of revenue.
- Compared to the immediately preceding quarter, gross margin improved. Compared to the same quarter one year earlier, gross margin was slightly higher, despite lower revenue and lower gross profit.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
35.8%
Gross profit
$644.0M
Revenue
$1.8B
Cost of revenue
$1.2B
Quarter-over-quarter change
+1.0 pts
Year-over-year change
+0.2 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, 2024 | $2.1B | $785.0M | $1.3B | 37.5% |
| Sep 30, 2024 | $2.0B | $725.0M | $1.3B | 36.6% |
| Dec 31, 2024 | $1.8B | $636.0M | $1.2B | 34.8% |
| Mar 31, 2025 | $1.8B | $644.0M | $1.2B | 35.8% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 31, 2024
+1.0 pts
Year-over-year change
Mar 31, 2024
+0.2 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver is the increase in gross profit relative to stable revenue, which directly lifted the gross margin from the prior quarter. This improvement occurred without a corresponding rise in cost of revenue.
Compared to the immediately preceding quarter, gross margin improved. Compared to the same quarter one year earlier, gross margin was slightly higher, despite lower revenue and lower gross profit.
Monitor the trajectory of cost of revenue relative to revenue, as it remained stable across both comparisons despite changes in revenue.