ResMed Inc. stock research
FY2024 Q4
ResMed (RMD) Gross Margin — Quarter Ended Jun 30, 2024
Revenue was stable compared to the prior quarter and higher than the same quarter last year. Gross profit and gross margin both improved relative to the prior quarter and the year-ago quarter, while cost of revenue was slightly higher than the prior quarter but lower than the year-ago quarter.
Gross margin takeaway
Quarter ended Jun 30, 2024 · FY2024 Q4
Revenue was stable compared to the prior quarter and higher than the same quarter last year. Gross profit and gross margin both improved relative to the prior quarter and the year-ago quarter, while cost of revenue was slightly higher than the prior quarter but lower than the year-ago quarter.
- The strongest observable margin driver is the gross margin improvement, which was higher than both the prior quarter and the year-ago quarter, supported by gross profit growth that outpaced the change in cost of revenue.
- Compared to the immediately preceding quarter, gross margin improved, with gross profit higher and cost of revenue slightly higher. Compared to the same quarter one year earlier, gross margin strengthened, with gross profit higher and cost of revenue lower.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
58.5%
Gross profit
$715.5M
Revenue
$1.2B
Cost of revenue
$507.7M
Quarter-over-quarter change
+0.6 pts
Year-over-year change
+3.5 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 |
|---|---|---|---|---|
| Sep 30, 2023 | $1.1B | $600.1M | $502.3M | 54.4% |
| Dec 31, 2023 | $1.2B | $646.9M | $515.9M | 55.6% |
| Mar 31, 2024 | $1.2B | $692.8M | $504.2M | 57.9% |
| Jun 30, 2024 | $1.2B | $715.5M | $507.7M | 58.5% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Mar 31, 2024
+0.6 pts
Year-over-year change
Jun 30, 2023
+3.5 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver is the gross margin improvement, which was higher than both the prior quarter and the year-ago quarter, supported by gross profit growth that outpaced the change in cost of revenue.
Compared to the immediately preceding quarter, gross margin improved, with gross profit higher and cost of revenue slightly higher. Compared to the same quarter one year earlier, gross margin strengthened, with gross profit higher and cost of revenue lower.
Monitor the trend in cost of revenue, which was slightly higher than the prior quarter but lower than the year-ago quarter, as its movement relative to revenue will influence future gross margin.