Altria Group, Inc. stock research
FY2024 Q2
Altria Group (MO) Gross Margin — Quarter Ended Jun 30, 2024
Revenue and gross profit both increased compared to the prior quarter, while cost of revenue also rose. Gross margin improved slightly, reflecting a favorable relationship between revenue growth and cost changes.
Gross margin takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue and gross profit both increased compared to the prior quarter, while cost of revenue also rose. Gross margin improved slightly, reflecting a favorable relationship between revenue growth and cost changes.
- The strongest observable margin driver is the increase in gross profit relative to revenue, which outpaced the rise in cost of revenue, leading to a higher gross margin.
- Compared to the immediately preceding quarter, revenue and gross profit were higher, and gross margin improved. Versus the same quarter one year earlier, revenue and gross profit were lower, but gross margin was higher, indicating a shift in the cost structure.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
59.2%
Gross profit
$3.7B
Revenue
$6.2B
Cost of revenue
$1.6B
Quarter-over-quarter change
+0.4 pts
Year-over-year change
+1.5 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 |
|---|---|---|---|---|
| Sep 30, 2023 | $6.3B | $3.7B | $1.6B | 58.9% |
| Dec 31, 2023 | $6.0B | $3.5B | $1.5B | 58.6% |
| Mar 31, 2024 | $5.6B | $3.3B | $1.4B | 58.8% |
| Jun 30, 2024 | $6.2B | $3.7B | $1.6B | 59.2% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Mar 31, 2024
+0.4 pts
Year-over-year change
Jun 30, 2023
+1.5 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 revenue, which outpaced the rise in cost of revenue, leading to a higher gross margin.
Compared to the immediately preceding quarter, revenue and gross profit were higher, and gross margin improved. Versus the same quarter one year earlier, revenue and gross profit were lower, but gross margin was higher, indicating a shift in the cost structure.
Monitor the trajectory of cost of revenue relative to revenue, as its movement has a direct impact on gross margin stability.