Rockwell Automation, Inc. stock research
FY2023 Q2
Rockwell Automation (ROK) Gross Margin — Quarter Ended Mar 31, 2023
Revenue and gross profit both increased compared to the immediately preceding quarter and the same quarter one year earlier, while cost of revenue also rose. Gross margin was slightly lower than the prior quarter but higher than the year-ago quarter, reflecting a mixed sequential trend and an improved year-over-year relationship.
Gross margin takeaway
Quarter ended Mar 31, 2023 · FY2023 Q2
Revenue and gross profit both increased compared to the immediately preceding quarter and the same quarter one year earlier, while cost of revenue also rose. Gross margin was slightly lower than the prior quarter but higher than the year-ago quarter, reflecting a mixed sequential trend and an improved year-over-year relationship.
- The strongest observable margin driver is the year-over-year expansion of gross margin, which moved from a lower level to a higher level. This improvement occurred alongside higher revenue and gross profit, with cost of revenue increasing at a slower relative pace.
- Compared to the immediately preceding quarter, gross margin weakened slightly, while revenue and gross profit were higher. Versus the same quarter one year earlier, gross margin improved, and both revenue and gross profit were higher.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
41.0%
Gross profit
$932.5M
Revenue
$2.3B
Cost of revenue
$1.3B
Quarter-over-quarter change
n/a
Year-over-year change
+4.3 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, 2023 | $2.3B | $932.5M | $1.3B | 41.0% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Previous quarter unavailable
n/a
Year-over-year change
Mar 31, 2022
+4.3 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver is the year-over-year expansion of gross margin, which moved from a lower level to a higher level. This improvement occurred alongside higher revenue and gross profit, with cost of revenue increasing at a slower relative pace.
Compared to the immediately preceding quarter, gross margin weakened slightly, while revenue and gross profit were higher. Versus the same quarter one year earlier, gross margin improved, and both revenue and gross profit were higher.
Monitor the trajectory of gross margin relative to revenue growth in upcoming quarters to assess whether the slight sequential decline stabilizes or reverses.