Mettler-Toledo International Inc. stock research
FY2024 Q4
Mettler-Toledo International (MTD) Gross Margin — Quarter Ended Dec 31, 2024
Revenue increased sequentially and year over year, while cost of revenue also rose but at a slower pace, leading to gross profit growth and gross margin improvement. The current quarter's gross margin strengthened compared to both the prior quarter and the same quarter last year.
Gross margin takeaway
Quarter ended Dec 31, 2024 · FY2024 Q4
Revenue increased sequentially and year over year, while cost of revenue also rose but at a slower pace, leading to gross profit growth and gross margin improvement. The current quarter's gross margin strengthened compared to both the prior quarter and the same quarter last year.
- The gross margin improved versus both the preceding quarter and the year-ago quarter, driven by revenue growth outpacing the increase in cost of revenue. This resulted in a higher proportion of revenue converting to gross profit.
- Compared to the prior quarter, revenue and gross profit were higher, with gross margin strengthening from improved. Versus the same quarter one year earlier, revenue and gross profit also increased, and gross margin was higher.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
61.2%
Gross profit
$639.3M
Revenue
$1.0B
Cost of revenue
$405.8M
Quarter-over-quarter change
+1.2 pts
Year-over-year change
+2.2 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, 2024 | $925.9M | $548.1M | $377.8M | 59.2% |
| Jun 30, 2024 | $946.8M | $565.7M | $381.1M | 59.7% |
| Sep 30, 2024 | $954.5M | $572.5M | $382.1M | 60.0% |
| Dec 31, 2024 | $1.0B | $639.3M | $405.8M | 61.2% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Sep 30, 2024
+1.2 pts
Year-over-year change
Dec 31, 2023
+2.2 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The gross margin improved versus both the preceding quarter and the year-ago quarter, driven by revenue growth outpacing the increase in cost of revenue. This resulted in a higher proportion of revenue converting to gross profit.
Compared to the prior quarter, revenue and gross profit were higher, with gross margin strengthening from improved. Versus the same quarter one year earlier, revenue and gross profit also increased, and gross margin was higher.
Monitor the trend of cost of revenue relative to revenue to assess whether the gross margin improvement can be sustained.