Rockwell Automation, Inc. stock research
FY2024 Q3
Rockwell Automation (ROK) Gross Margin — Quarter Ended Jun 30, 2024
Revenue was stable compared to the prior quarter, while gross profit and gross margin both declined. Versus the same quarter last year, revenue, gross profit, and gross margin were all lower.
Gross margin takeaway
Quarter ended Jun 30, 2024 · FY2024 Q3
Revenue was stable compared to the prior quarter, while gross profit and gross margin both declined. Versus the same quarter last year, revenue, gross profit, and gross margin were all lower.
- Gross margin weakened sequentially and year-over-year, driven by a lower gross profit relative to revenue. Cost of revenue remained at a similar level across all periods, indicating the margin decline was primarily due to reduced gross profit.
- Compared to the immediately preceding quarter, revenue was unchanged, gross profit was lower, and gross margin weakened. Compared to the same quarter one year earlier, revenue, gross profit, and gross margin were all lower.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
38.8%
Gross profit
$795.0M
Revenue
$2.1B
Cost of revenue
$1.3B
Quarter-over-quarter change
-0.4 pts
Year-over-year change
-2.1 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 |
|---|---|---|---|---|
| Sep 30, 2023 | $2.6B | $1.8B | $801.4M | 68.7% |
| Dec 31, 2023 | $2.1B | $795.0M | $1.3B | 38.7% |
| Mar 31, 2024 | $2.1B | $833.0M | $1.3B | 39.2% |
| Jun 30, 2024 | $2.1B | $795.0M | $1.3B | 38.8% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Mar 31, 2024
-0.4 pts
Year-over-year change
Jun 30, 2023
-2.1 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
Gross margin weakened sequentially and year-over-year, driven by a lower gross profit relative to revenue. Cost of revenue remained at a similar level across all periods, indicating the margin decline was primarily due to reduced gross profit.
Compared to the immediately preceding quarter, revenue was unchanged, gross profit was lower, and gross margin weakened. Compared to the same quarter one year earlier, revenue, gross profit, and gross margin were all lower.
Monitor the trajectory of gross profit relative to revenue in upcoming quarters, as the current margin decline is driven by lower gross profit.