Stanley Black & Decker, Inc. stock research
FY2024 Q4
Stanley Black & Decker (SWK) Gross Margin — Quarter Ended Dec 28, 2024
Revenue remained stable compared to both the prior quarter and the same quarter last year, while gross profit held steady. Gross margin improved relative to both periods, supported by cost of revenue being relatively lower as a share of revenue.
Gross margin takeaway
Quarter ended Dec 28, 2024 · FY2024 Q4
Revenue remained stable compared to both the prior quarter and the same quarter last year, while gross profit held steady. Gross margin improved relative to both periods, supported by cost of revenue being relatively lower as a share of revenue.
- The strongest observable driver is the improvement in gross margin, which rose from the prior quarter and from the year-ago quarter. This margin increase, combined with stable revenue, led to gross profit being sustained at the same level despite unchanged cost of revenue.
- Compared to the immediately preceding quarter, revenue was slightly lower while gross profit was unchanged, resulting in a higher gross margin. Versus the same quarter one year earlier, revenue and gross profit were essentially unchanged, with gross margin also higher.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
30.8%
Gross profit
$1.1B
Revenue
$3.7B
Cost of revenue
$2.6B
Quarter-over-quarter change
+0.9 pts
Year-over-year change
+1.2 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 30, 2024 | $3.9B | $1.1B | $2.8B | 28.6% |
| Jun 29, 2024 | $4.0B | $1.1B | $2.9B | 28.4% |
| Sep 28, 2024 | $3.8B | $1.1B | $2.6B | 29.9% |
| Dec 28, 2024 | $3.7B | $1.1B | $2.6B | 30.8% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Sep 28, 2024
+0.9 pts
Year-over-year change
Dec 30, 2023
+1.2 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable driver is the improvement in gross margin, which rose from the prior quarter and from the year-ago quarter. This margin increase, combined with stable revenue, led to gross profit being sustained at the same level despite unchanged cost of revenue.
Compared to the immediately preceding quarter, revenue was slightly lower while gross profit was unchanged, resulting in a higher gross margin. Versus the same quarter one year earlier, revenue and gross profit were essentially unchanged, with gross margin also higher.
Monitor whether the cost of revenue remains stable in future quarters, as any increase could pressure gross margin back toward prior levels.