Packaging Corporation of America stock research
FY2024 Q3
Packaging Corporation of America (PKG) Gross Margin — Quarter Ended Sep 30, 2024
Revenue and cost of revenue both increased, but the rise in gross profit was proportionally larger, leading to an improvement in gross margin. Compared to the prior quarter and the same quarter last year, gross margin was higher.
Gross margin takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue and cost of revenue both increased, but the rise in gross profit was proportionally larger, leading to an improvement in gross margin. Compared to the prior quarter and the same quarter last year, gross margin was higher.
- The increase in gross profit exceeded the increase in revenue, which coincided with a higher gross margin.
- Gross margin improved from both the immediately preceding quarter and the same quarter one year earlier.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
23.1%
Gross profit
$505.2M
Revenue
$2.2B
Cost of revenue
$1.7B
Quarter-over-quarter change
+2.1 pts
Year-over-year change
+1.8 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 |
|---|---|---|---|---|
| Dec 31, 2023 | $1.9B | $410.1M | $1.5B | 21.2% |
| Mar 31, 2024 | $2.0B | $370.4M | $1.6B | 18.7% |
| Jun 30, 2024 | $2.1B | $437.7M | $1.6B | 21.1% |
| Sep 30, 2024 | $2.2B | $505.2M | $1.7B | 23.1% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jun 30, 2024
+2.1 pts
Year-over-year change
Sep 30, 2023
+1.8 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The increase in gross profit exceeded the increase in revenue, which coincided with a higher gross margin.
Gross margin improved from both the immediately preceding quarter and the same quarter one year earlier.
Monitor whether the growth in gross profit continues to outpace revenue growth.