ResMed Inc. stock research
FY2025 Q2
ResMed (RMD) Gross Margin — Quarter Ended Dec 31, 2024
Revenue and gross profit both increased compared to the prior quarter and the same quarter last year, while cost of revenue also rose. Gross margin remained stable versus the prior quarter and improved compared to the same quarter one year earlier.
Gross margin takeaway
Quarter ended Dec 31, 2024 · FY2025 Q2
Revenue and gross profit both increased compared to the prior quarter and the same quarter last year, while cost of revenue also rose. Gross margin remained stable versus the prior quarter and improved compared to the same quarter one year earlier.
- The strongest observable margin driver is the gross margin level, which held steady from the prior quarter and was higher than the year-ago quarter. This stability suggests that the relationship among revenue, cost of revenue, and gross profit remained consistent in the current period.
- Compared to the immediately preceding quarter, revenue and gross profit were higher, cost of revenue was higher, and gross margin was unchanged. Compared to the same quarter one year earlier, revenue, gross profit, and gross margin were all higher, while cost of revenue was also higher.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
58.6%
Gross profit
$751.3M
Revenue
$1.3B
Cost of revenue
$530.8M
Quarter-over-quarter change
+0.0 pts
Year-over-year change
+3.0 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 | $1.2B | $692.8M | $504.2M | 57.9% |
| Jun 30, 2024 | $1.2B | $715.5M | $507.7M | 58.5% |
| Sep 30, 2024 | $1.2B | $717.2M | $507.3M | 58.6% |
| Dec 31, 2024 | $1.3B | $751.3M | $530.8M | 58.6% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Sep 30, 2024
+0.0 pts
Year-over-year change
Dec 31, 2023
+3.0 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 level, which held steady from the prior quarter and was higher than the year-ago quarter. This stability suggests that the relationship among revenue, cost of revenue, and gross profit remained consistent in the current period.
Compared to the immediately preceding quarter, revenue and gross profit were higher, cost of revenue was higher, and gross margin was unchanged. Compared to the same quarter one year earlier, revenue, gross profit, and gross margin were all higher, while cost of revenue was also higher.
Monitor whether gross margin can sustain its current level relative to the prior quarter, given the increase in cost of revenue alongside revenue growth.