Rockwell Automation, Inc. stock research
FY2023 Q3
Rockwell Automation (ROK) Gross Margin — Quarter Ended Jun 30, 2023
Revenue and gross profit both decreased compared to the prior quarter, while cost of revenue remained at a similar level, resulting in a slightly lower gross margin. Versus the same quarter one year earlier, revenue and gross profit were higher, cost of revenue was higher, and gross margin improved modestly.
Gross margin takeaway
Quarter ended Jun 30, 2023 · FY2023 Q3
Revenue and gross profit both decreased compared to the prior quarter, while cost of revenue remained at a similar level, resulting in a slightly lower gross margin. Versus the same quarter one year earlier, revenue and gross profit were higher, cost of revenue was higher, and gross margin improved modestly.
- The gross margin was relatively stable across all three periods, with the current quarter showing a slight weakening from the prior quarter but a slight improvement from the year-ago quarter. The relationship between revenue and cost of revenue remained broadly consistent, indicating no major shift in the underlying margin structure.
- Compared to the immediately preceding quarter, revenue and gross profit were lower, while cost of revenue was essentially unchanged, leading to a slightly weakened gross margin. Compared to the same quarter one year earlier, revenue, gross profit, and cost of revenue were all higher, with gross margin showing a modest improvement.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
40.9%
Gross profit
$915.4M
Revenue
$2.2B
Cost of revenue
$1.3B
Quarter-over-quarter change
-0.1 pts
Year-over-year change
+0.1 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% |
| Jun 30, 2023 | $2.2B | $915.4M | $1.3B | 40.9% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Mar 31, 2023
-0.1 pts
Year-over-year change
Jun 30, 2022
+0.1 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The gross margin was relatively stable across all three periods, with the current quarter showing a slight weakening from the prior quarter but a slight improvement from the year-ago quarter. The relationship between revenue and cost of revenue remained broadly consistent, indicating no major shift in the underlying margin structure.
Compared to the immediately preceding quarter, revenue and gross profit were lower, while cost of revenue was essentially unchanged, leading to a slightly weakened gross margin. Compared to the same quarter one year earlier, revenue, gross profit, and cost of revenue were all higher, with gross margin showing a modest improvement.
Monitor the trajectory of cost of revenue relative to revenue, as its stability in the current quarter versus the prior quarter contrasted with the year-ago increase.