PTC Inc. stock research
FY2024 Q4
PTC (PTC) Gross Margin — Quarter Ended Sep 30, 2024
Revenue increased compared to both the prior quarter and the same quarter last year, while cost of revenue remained relatively stable. This drove gross profit higher and improved gross margin.
Gross margin takeaway
Quarter ended Sep 30, 2024 · FY2024 Q4
Revenue increased compared to both the prior quarter and the same quarter last year, while cost of revenue remained relatively stable. This drove gross profit higher and improved gross margin.
- The strongest observable driver is the combination of higher revenue and nearly unchanged cost of revenue, which directly lifted gross profit and margin.
- Gross margin improved from the immediately preceding quarter and from the same quarter one year earlier, as revenue grew faster than cost of revenue in both comparisons.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
82.0%
Gross profit
$513.7M
Revenue
$626.5M
Cost of revenue
$112.8M
Quarter-over-quarter change
+3.6 pts
Year-over-year change
+3.2 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 | $550.2M | $440.2M | $110.0M | 80.0% |
| Mar 31, 2024 | $603.1M | $493.0M | $110.1M | 81.8% |
| Jun 30, 2024 | $518.6M | $406.7M | $111.9M | 78.4% |
| Sep 30, 2024 | $626.5M | $513.7M | $112.8M | 82.0% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jun 30, 2024
+3.6 pts
Year-over-year change
Sep 30, 2023
+3.2 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable driver is the combination of higher revenue and nearly unchanged cost of revenue, which directly lifted gross profit and margin.
Gross margin improved from the immediately preceding quarter and from the same quarter one year earlier, as revenue grew faster than cost of revenue in both comparisons.
Monitor cost of revenue trends, as its stability relative to revenue growth was a key factor in margin expansion.