Martin Marietta Materials, Inc. stock research
FY2023 Q2
Martin Marietta Materials (MLM) Gross Margin — Quarter Ended Jun 30, 2023
Revenue, gross profit, and cost of revenue all increased from the prior quarter and from the same quarter a year ago. Gross margin improved in both comparisons, as the increase in gross profit was proportionally larger than the increase in revenue.
Gross margin takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue, gross profit, and cost of revenue all increased from the prior quarter and from the same quarter a year ago. Gross margin improved in both comparisons, as the increase in gross profit was proportionally larger than the increase in revenue.
- The strongest observable margin driver was the expansion of gross margin, reflecting a greater proportion of gross profit to revenue.
- Compared to the preceding quarter, gross margin improved; compared to the same quarter one year earlier, gross margin also improved.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
30.8%
Gross profit
$560.0M
Revenue
$1.8B
Cost of revenue
$1.3B
Quarter-over-quarter change
+8.4 pts
Year-over-year change
+4.9 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 | $1.4B | $303.0M | $1.1B | 22.4% |
| Jun 30, 2023 | $1.8B | $560.0M | $1.3B | 30.8% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Mar 31, 2023
+8.4 pts
Year-over-year change
Jun 30, 2022
+4.9 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver was the expansion of gross margin, reflecting a greater proportion of gross profit to revenue.
Compared to the preceding quarter, gross margin improved; compared to the same quarter one year earlier, gross margin also improved.
Monitor the impact of construction activity seasonality on revenue and cost patterns, as noted in the company's filing.