PACCAR Inc stock research
FY2024 Q1
PACCAR (PCAR) Gross Margin — Quarter Ended Mar 31, 2024
Revenue decreased compared to the prior quarter but increased versus the same quarter last year. Gross profit and cost of revenue were not supplied for either comparison period, so the gross margin trend relative to those quarters cannot be assessed.
Gross margin takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue decreased compared to the prior quarter but increased versus the same quarter last year. Gross profit and cost of revenue were not supplied for either comparison period, so the gross margin trend relative to those quarters cannot be assessed.
- Gross profit was lower than revenue, and cost of revenue accounted for the majority of revenue, resulting in a gross margin that was positive but moderate. The relationship among these metrics indicates that cost of revenue is the primary factor determining gross margin.
- Revenue was lower than the immediately preceding quarter and higher than the same quarter one year earlier. Gross profit, cost of revenue, and gross margin data were not supplied for either comparison period, so no further comparison is possible.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
23.7%
Gross profit
$2.1B
Revenue
$8.7B
Cost of revenue
$6.7B
Quarter-over-quarter change
n/a
Year-over-year change
n/a
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 | $8.7B | $2.1B | $6.7B | 23.7% |
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, 2023
n/a
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
Gross profit was lower than revenue, and cost of revenue accounted for the majority of revenue, resulting in a gross margin that was positive but moderate. The relationship among these metrics indicates that cost of revenue is the primary factor determining gross margin.
Revenue was lower than the immediately preceding quarter and higher than the same quarter one year earlier. Gross profit, cost of revenue, and gross margin data were not supplied for either comparison period, so no further comparison is possible.
Monitor the relationship between revenue and cost of revenue in future filings to assess whether gross margin remains stable.