Insulet Corporation stock research
FY2024 Q3
Insulet (PODD) Gross Margin — Quarter Ended Sep 30, 2024
Revenue and gross profit both increased compared to the immediately preceding quarter and the same quarter one year earlier. Cost of revenue also grew, but gross margin improved over both periods.
Gross margin takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue and gross profit both increased compared to the immediately preceding quarter and the same quarter one year earlier. Cost of revenue also grew, but gross margin improved over both periods.
- The gross margin percentage rose sequentially and year-over-year, indicating that gross profit expanded relative to revenue and cost of revenue. This improvement is the most noticeable driver of margin performance.
- Compared to the prior quarter, revenue, gross profit, and cost of revenue were all higher, while gross margin strengthened. Versus the same quarter a year ago, all metrics also increased and gross margin improved.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
69.3%
Gross profit
$377.1M
Revenue
$543.9M
Cost of revenue
$166.8M
Quarter-over-quarter change
+1.6 pts
Year-over-year change
+1.5 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 |
|---|---|---|---|---|
| Dec 31, 2023 | $509.8M | $361.2M | $148.6M | 70.9% |
| Mar 31, 2024 | $441.7M | $306.8M | $134.9M | 69.5% |
| Jun 30, 2024 | $488.5M | $330.9M | $157.6M | 67.7% |
| Sep 30, 2024 | $543.9M | $377.1M | $166.8M | 69.3% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jun 30, 2024
+1.6 pts
Year-over-year change
Sep 30, 2023
+1.5 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The gross margin percentage rose sequentially and year-over-year, indicating that gross profit expanded relative to revenue and cost of revenue. This improvement is the most noticeable driver of margin performance.
Compared to the prior quarter, revenue, gross profit, and cost of revenue were all higher, while gross margin strengthened. Versus the same quarter a year ago, all metrics also increased and gross margin improved.
Inventory levels, which were higher at quarter-end than at the end of the prior fiscal year, are a concrete item to monitor for potential impact on future margins.