Insulet Corporation stock research
FY2023 Q4
Insulet (PODD) Gross Margin — Quarter Ended Dec 31, 2023
Revenue increased relative to both the prior quarter and the year-ago quarter, and gross profit increased at a faster pace, resulting in a higher gross margin. Cost of revenue was lower than a year earlier and rose less than revenue sequentially, contributing to the margin improvement.
Gross margin takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue increased relative to both the prior quarter and the year-ago quarter, and gross profit increased at a faster pace, resulting in a higher gross margin. Cost of revenue was lower than a year earlier and rose less than revenue sequentially, contributing to the margin improvement.
- The gross margin strengthened as revenue grew while cost of revenue declined from the prior year, and increased more slowly than revenue sequentially.
- Compared to the immediately preceding quarter, the gross margin was higher. Compared to the same quarter one year earlier, the gross margin was also higher.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
70.9%
Gross profit
$361.2M
Revenue
$509.8M
Cost of revenue
$148.6M
Quarter-over-quarter change
+3.1 pts
Year-over-year change
+12.1 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 |
|---|---|---|---|---|
| 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% |
| Dec 31, 2023 | $509.8M | $361.2M | $148.6M | 70.9% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Sep 30, 2023
+3.1 pts
Year-over-year change
Dec 31, 2022
+12.1 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The gross margin strengthened as revenue grew while cost of revenue declined from the prior year, and increased more slowly than revenue sequentially.
Compared to the immediately preceding quarter, the gross margin was higher. Compared to the same quarter one year earlier, the gross margin was also higher.
Monitor the trend of cost of revenue as a percentage of revenue, given its divergent movement relative to revenue.