Parker-Hannifin Corporation stock research
FY2024 Q4
Parker-Hannifin (PH) Gross Margin — Quarter Ended Jun 30, 2024
Revenue and gross profit both increased compared to the prior quarter and the same quarter last year, while cost of revenue was stable. Gross margin improved slightly from the prior quarter but was marginally lower than a year ago.
Gross margin takeaway
Quarter ended Jun 30, 2024 · FY2024 Q4
Revenue and gross profit both increased compared to the prior quarter and the same quarter last year, while cost of revenue was stable. Gross margin improved slightly from the prior quarter but was marginally lower than a year ago.
- Gross profit rose faster than cost of revenue relative to the prior quarter, driving the margin improvement. Compared to last year, cost of revenue grew in line with revenue, resulting in a nearly stable margin.
- Gross margin improved by a small amount from the prior quarter, indicating a slight operating efficiency gain. Compared to the same quarter last year, the margin was marginally lower, reflecting a minor weakening in cost leverage.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
35.9%
Gross profit
$1.9B
Revenue
$5.2B
Cost of revenue
$3.3B
Quarter-over-quarter change
+0.6 pts
Year-over-year change
-0.0 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 |
|---|---|---|---|---|
| Sep 30, 2023 | $4.8B | $1.8B | $3.1B | 36.1% |
| Dec 31, 2023 | $4.8B | $1.7B | $3.1B | 35.7% |
| Mar 31, 2024 | $5.1B | $1.8B | $3.3B | 35.4% |
| Jun 30, 2024 | $5.2B | $1.9B | $3.3B | 35.9% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Mar 31, 2024
+0.6 pts
Year-over-year change
Jun 30, 2023
-0.0 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
Gross profit rose faster than cost of revenue relative to the prior quarter, driving the margin improvement. Compared to last year, cost of revenue grew in line with revenue, resulting in a nearly stable margin.
Gross margin improved by a small amount from the prior quarter, indicating a slight operating efficiency gain. Compared to the same quarter last year, the margin was marginally lower, reflecting a minor weakening in cost leverage.
Monitor whether cost of revenue can remain stable relative to revenue in future quarters.