Insulet Corporation stock research
FY2023 Q3
Insulet (PODD) Gross Margin — Quarter Ended Sep 30, 2023
Revenue increased compared to both the prior quarter and the same quarter a year earlier. Gross profit rose at a faster rate than cost of revenue, leading to an improved gross margin.
Gross margin takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue increased compared to both the prior quarter and the same quarter a year earlier. Gross profit rose at a faster rate than cost of revenue, leading to an improved gross margin.
- The gross margin strengthened both sequentially and year-over-year. Cost of revenue decreased year-over-year while revenue increased, a combination that supported the margin improvement.
- Compared to the preceding quarter, the gross margin was slightly higher. Compared to the same quarter one year earlier, the gross margin was markedly higher.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
67.8%
Gross profit
$293.3M
Revenue
$432.7M
Cost of revenue
$139.4M
Quarter-over-quarter change
+1.0 pts
Year-over-year change
+12.5 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, 2023 | $358.1M | $240.5M | $117.6M | 67.2% |
| Jun 30, 2023 | $396.5M | $264.9M | $131.6M | 66.8% |
| Sep 30, 2023 | $432.7M | $293.3M | $139.4M | 67.8% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jun 30, 2023
+1.0 pts
Year-over-year change
Sep 30, 2022
+12.5 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The gross margin strengthened both sequentially and year-over-year. Cost of revenue decreased year-over-year while revenue increased, a combination that supported the margin improvement.
Compared to the preceding quarter, the gross margin was slightly higher. Compared to the same quarter one year earlier, the gross margin was markedly higher.
Monitor the relationship between cost of revenue and revenue, given its relevance to the gross margin trend.