Mettler-Toledo International Inc. stock research
FY2022 Q1
Mettler-Toledo International (MTD) Gross Margin — Quarter Ended Mar 31, 2023
Revenue less cost of revenue yields gross profit, and gross margin expresses this relationship as a proportion of revenue. For the current quarter, gross margin was lower than the preceding quarter but higher than the same quarter a year ago.
Gross margin takeaway
Quarter ended Mar 31, 2023 · FY2022 Q1
Revenue less cost of revenue yields gross profit, and gross margin expresses this relationship as a proportion of revenue. For the current quarter, gross margin was lower than the preceding quarter but higher than the same quarter a year ago.
- The gross margin for the current quarter decreased sequentially from the prior quarter, while improving slightly compared to the year-ago quarter. This mixed movement reflects the relative changes in revenue and cost of revenue across the two periods.
- Compared with the immediately preceding quarter, revenue, gross profit, and cost of revenue were all lower, resulting in a weakened gross margin. Versus the same quarter one year earlier, all three metrics were higher, and the gross margin improved slightly. The filing notes an increase in operating cash flow relative to the prior year.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
58.9%
Gross profit
$546.6M
Revenue
$928.7M
Cost of revenue
$382.2M
Quarter-over-quarter change
n/a
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 |
|---|---|---|---|---|
| Mar 31, 2023 | $928.7M | $546.6M | $382.2M | 58.9% |
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, 2021
+0.2 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The gross margin for the current quarter decreased sequentially from the prior quarter, while improving slightly compared to the year-ago quarter. This mixed movement reflects the relative changes in revenue and cost of revenue across the two periods.
Compared with the immediately preceding quarter, revenue, gross profit, and cost of revenue were all lower, resulting in a weakened gross margin. Versus the same quarter one year earlier, all three metrics were higher, and the gross margin improved slightly. The filing notes an increase in operating cash flow relative to the prior year.
Monitor whether the gross margin can sustain its year-over-year improvement while reversing the sequential decline.