Bio-Techne Corporation stock research
FY2025 Q2
Bio-Techne (TECH) Gross Margin — Quarter Ended Dec 31, 2024
Revenue and gross profit both increased compared to the prior quarter and the same quarter last year. Gross margin improved sequentially and year-over-year.
Gross margin takeaway
Quarter ended Dec 31, 2024 · FY2025 Q2
Revenue and gross profit both increased compared to the prior quarter and the same quarter last year. Gross margin improved sequentially and year-over-year.
- The gross margin improvement was driven by higher revenue combined with a lower cost of revenue sequentially, and a proportionally smaller increase in cost of revenue compared to the revenue growth year-over-year.
- Sequentially, gross margin strengthened as revenue rose while cost of revenue fell. Year-over-year, gross margin also improved as revenue growth outpaced the increase in cost of revenue.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
65.3%
Gross profit
$193.9M
Revenue
$297.0M
Cost of revenue
$103.1M
Quarter-over-quarter change
+2.0 pts
Year-over-year change
+0.5 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, 2024 | $303.4M | $204.6M | $98.8M | 67.4% |
| Jun 30, 2024 | $306.1M | $203.3M | $102.8M | 66.4% |
| Sep 30, 2024 | $289.5M | $183.0M | $106.4M | 63.2% |
| Dec 31, 2024 | $297.0M | $193.9M | $103.1M | 65.3% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Sep 30, 2024
+2.0 pts
Year-over-year change
Dec 31, 2023
+0.5 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The gross margin improvement was driven by higher revenue combined with a lower cost of revenue sequentially, and a proportionally smaller increase in cost of revenue compared to the revenue growth year-over-year.
Sequentially, gross margin strengthened as revenue rose while cost of revenue fell. Year-over-year, gross margin also improved as revenue growth outpaced the increase in cost of revenue.
Monitor the trend in cost of revenue, which decreased sequentially but increased year-over-year.