Sysco Corporation stock research
FY2025 Q4
Sysco (SYY) Gross Margin — Quarter Ended Jun 28, 2025
Revenue, cost of revenue, and gross profit all increased compared to the prior quarter and the same quarter a year ago. Gross margin improved over both periods, indicating a more favorable relationship between gross profit and revenue.
Gross margin takeaway
Quarter ended Jun 28, 2025 · FY2025 Q4
Revenue, cost of revenue, and gross profit all increased compared to the prior quarter and the same quarter a year ago. Gross margin improved over both periods, indicating a more favorable relationship between gross profit and revenue.
- Gross profit grew at a proportionally greater rate than revenue, driving the gross margin higher relative to both the preceding quarter and the year-ago quarter.
- Compared with the immediately preceding quarter, revenue, gross profit, and cost of revenue were all higher, and gross margin improved. Versus the same quarter one year earlier, all three metrics were also higher, and gross margin strengthened.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
18.9%
Gross profit
$4.0B
Revenue
$21.1B
Cost of revenue
$17.2B
Quarter-over-quarter change
+0.6 pts
Year-over-year change
+0.2 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 |
|---|---|---|---|---|
| Sep 28, 2024 | $20.5B | $3.8B | $16.7B | 18.3% |
| Dec 28, 2024 | $20.2B | $3.6B | $16.5B | 18.1% |
| Mar 29, 2025 | $19.6B | $3.6B | $16.0B | 18.3% |
| Jun 28, 2025 | $21.1B | $4.0B | $17.2B | 18.9% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Mar 29, 2025
+0.6 pts
Year-over-year change
Jun 29, 2024
+0.2 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
Gross profit grew at a proportionally greater rate than revenue, driving the gross margin higher relative to both the preceding quarter and the year-ago quarter.
Compared with the immediately preceding quarter, revenue, gross profit, and cost of revenue were all higher, and gross margin improved. Versus the same quarter one year earlier, all three metrics were also higher, and gross margin strengthened.
Monitor inventory levels and supplier discount practices, as the filing highlights their potential influence on cost of revenue.