Insulet Corporation stock research
FY2024 Q4
Insulet (PODD) Gross Margin — Quarter Ended Dec 31, 2024
Revenue and gross profit both rose compared to the prior quarter and the same quarter last year, while cost of revenue was stable sequentially and higher year over year. As a result, gross margin improved both sequentially and compared to the same quarter a year earlier.
Gross margin takeaway
Quarter ended Dec 31, 2024 · FY2024 Q4
Revenue and gross profit both rose compared to the prior quarter and the same quarter last year, while cost of revenue was stable sequentially and higher year over year. As a result, gross margin improved both sequentially and compared to the same quarter a year earlier.
- The gross margin improvement was supported by revenue growth that exceeded the increase in cost of revenue, particularly when comparing to the prior year period.
- Compared to the immediately preceding quarter, revenue and gross profit were higher while cost of revenue was essentially flat, leading to a stronger gross margin. Versus the same quarter one year earlier, all three metrics increased, with gross profit growing at a faster rate than cost of revenue, resulting in an improved margin.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
72.1%
Gross profit
$430.9M
Revenue
$597.5M
Cost of revenue
$166.6M
Quarter-over-quarter change
+2.8 pts
Year-over-year change
+1.3 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, 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% |
| Dec 31, 2024 | $597.5M | $430.9M | $166.6M | 72.1% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Sep 30, 2024
+2.8 pts
Year-over-year change
Dec 31, 2023
+1.3 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The gross margin improvement was supported by revenue growth that exceeded the increase in cost of revenue, particularly when comparing to the prior year period.
Compared to the immediately preceding quarter, revenue and gross profit were higher while cost of revenue was essentially flat, leading to a stronger gross margin. Versus the same quarter one year earlier, all three metrics increased, with gross profit growing at a faster rate than cost of revenue, resulting in an improved margin.
Monitor the trajectory of cost of revenue given its relative stability in the current quarter despite higher revenue.