O'Reilly Automotive, Inc. stock research
FY2025 Q1
O'Reilly Automotive (ORLY) Gross Margin — Quarter Ended Mar 31, 2025
Revenue, gross profit, and cost of revenue were stable compared with the prior quarter, while all three measures were slightly higher than the same quarter last year. Gross margin held steady sequentially and improved modestly year over year.
Gross margin takeaway
Quarter ended Mar 31, 2025 · FY2025 Q1
Revenue, gross profit, and cost of revenue were stable compared with the prior quarter, while all three measures were slightly higher than the same quarter last year. Gross margin held steady sequentially and improved modestly year over year.
- The gross margin was essentially unchanged from the prior quarter and slightly improved from a year ago, with cost of revenue rising at a slower pace than revenue over the year.
- Relative to the immediately preceding quarter, all metrics showed no material change. Compared with the same quarter one year earlier, revenue, gross profit, and cost of revenue were all higher, while gross margin improved marginally.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
51.3%
Gross profit
$2.1B
Revenue
$4.1B
Cost of revenue
$2.0B
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 |
|---|---|---|---|---|
| Jun 30, 2024 | $4.3B | $2.2B | $2.1B | 50.7% |
| Sep 30, 2024 | $4.4B | $2.3B | $2.1B | 51.6% |
| Dec 31, 2024 | $4.1B | $2.1B | $2.0B | 51.3% |
| Mar 31, 2025 | $4.1B | $2.1B | $2.0B | 51.3% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 31, 2024
-0.0 pts
Year-over-year change
Mar 31, 2024
+0.1 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The gross margin was essentially unchanged from the prior quarter and slightly improved from a year ago, with cost of revenue rising at a slower pace than revenue over the year.
Relative to the immediately preceding quarter, all metrics showed no material change. Compared with the same quarter one year earlier, revenue, gross profit, and cost of revenue were all higher, while gross margin improved marginally.
Monitor whether cost of revenue growth continues to lag revenue growth, as that dynamic has supported gross margin.