Molson Coors Beverage Company stock research
FY2025 Q1
Molson Coors Beverage (TAP) Gross Margin — Quarter Ended Mar 31, 2025
Revenue and gross profit both decreased compared to the prior quarter and the same quarter last year, while cost of revenue also declined. Gross margin was stable versus the year-ago quarter but slightly lower than the preceding quarter.
Gross margin takeaway
Quarter ended Mar 31, 2025 · FY2025 Q1
Revenue and gross profit both decreased compared to the prior quarter and the same quarter last year, while cost of revenue also declined. Gross margin was stable versus the year-ago quarter but slightly lower than the preceding quarter.
- The gross margin remained unchanged from the same quarter one year earlier, indicating a consistent relationship between revenue and cost of revenue over that period. The slight sequential decline in gross margin reflects a proportionally smaller decrease in cost of revenue relative to the drop in revenue.
- Compared to the immediately preceding quarter, revenue, gross profit, and cost of revenue were all lower, and gross margin weakened slightly. Versus the same quarter one year earlier, revenue and gross profit were lower, cost of revenue was lower, and gross margin was stable.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
31.6%
Gross profit
$850.9M
Revenue
$2.7B
Cost of revenue
$1.5B
Quarter-over-quarter change
-0.4 pts
Year-over-year change
+0.0 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 |
|---|---|---|---|---|
| Jun 30, 2024 | $3.8B | $1.3B | $1.9B | 34.6% |
| Sep 30, 2024 | $3.6B | $1.2B | $1.8B | 33.4% |
| Dec 31, 2024 | $3.2B | $1.0B | $1.7B | 32.0% |
| Mar 31, 2025 | $2.7B | $850.9M | $1.5B | 31.6% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 31, 2024
-0.4 pts
Year-over-year change
Mar 31, 2024
+0.0 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The gross margin remained unchanged from the same quarter one year earlier, indicating a consistent relationship between revenue and cost of revenue over that period. The slight sequential decline in gross margin reflects a proportionally smaller decrease in cost of revenue relative to the drop in revenue.
Compared to the immediately preceding quarter, revenue, gross profit, and cost of revenue were all lower, and gross margin weakened slightly. Versus the same quarter one year earlier, revenue and gross profit were lower, cost of revenue was lower, and gross margin was stable.
Monitor whether the gross margin can maintain its year-over-year stability if revenue continues to decline.