Mettler-Toledo International Inc. stock research
FY2023 Q3
Mettler-Toledo International (MTD) Gross Margin — Quarter Ended Sep 30, 2023
Revenue and gross profit both decreased compared to the prior quarter and the same quarter last year, while cost of revenue also declined. Gross margin remained stable, showing no material change despite the lower revenue base.
Gross margin takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue and gross profit both decreased compared to the prior quarter and the same quarter last year, while cost of revenue also declined. Gross margin remained stable, showing no material change despite the lower revenue base.
- Gross margin was unchanged from the prior quarter and slightly higher than the year-ago quarter, indicating that the relationship between revenue and cost of revenue remained consistent.
- Compared to the prior quarter, revenue and gross profit were lower, while gross margin was unchanged. Compared to the same quarter last year, revenue and gross profit were lower, and gross margin was slightly higher.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
59.4%
Gross profit
$559.5M
Revenue
$942.5M
Cost of revenue
$382.9M
Quarter-over-quarter change
-0.0 pts
Year-over-year change
+0.1 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% |
| Jun 30, 2023 | $982.1M | $583.5M | $398.6M | 59.4% |
| Sep 30, 2023 | $942.5M | $559.5M | $382.9M | 59.4% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jun 30, 2023
-0.0 pts
Year-over-year change
Sep 30, 2022
+0.1 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
Gross margin was unchanged from the prior quarter and slightly higher than the year-ago quarter, indicating that the relationship between revenue and cost of revenue remained consistent.
Compared to the prior quarter, revenue and gross profit were lower, while gross margin was unchanged. Compared to the same quarter last year, revenue and gross profit were lower, and gross margin was slightly higher.
Monitor whether the stable gross margin persists if revenue continues to decline in future quarters.