Veralto Corporation stock research
FY2023 Q4
Veralto (VLTO) Gross Margin — Quarter Ended Dec 31, 2023
Revenue held steady quarter over quarter, while gross profit rose and cost of revenue increased, resulting in a higher gross margin. Compared with the same quarter a year ago, revenue, gross profit, and cost of revenue were all higher, and gross margin improved.
Gross margin takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue held steady quarter over quarter, while gross profit rose and cost of revenue increased, resulting in a higher gross margin. Compared with the same quarter a year ago, revenue, gross profit, and cost of revenue were all higher, and gross margin improved.
- The gross margin improved both sequentially and year over year, driven by gross profit growing at a faster pace than cost of revenue relative to revenue.
- Sequentially, revenue was stable, gross profit was higher, and cost of revenue was higher, leading to an improved gross margin. Year over year, all three metrics were higher, with gross margin strengthening.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
57.9%
Gross profit
$746.0M
Revenue
$1.3B
Cost of revenue
$542.0M
Quarter-over-quarter change
+0.3 pts
Year-over-year change
+0.9 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, 2023 | $1.2B | $708.0M | $517.0M | 57.8% |
| Jun 30, 2023 | $1.3B | $724.0M | $529.0M | 57.8% |
| Sep 29, 2023 | $1.3B | $723.0M | $532.0M | 57.6% |
| Dec 31, 2023 | $1.3B | $746.0M | $542.0M | 57.9% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Sep 29, 2023
+0.3 pts
Year-over-year change
Dec 31, 2022
+0.9 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The gross margin improved both sequentially and year over year, driven by gross profit growing at a faster pace than cost of revenue relative to revenue.
Sequentially, revenue was stable, gross profit was higher, and cost of revenue was higher, leading to an improved gross margin. Year over year, all three metrics were higher, with gross margin strengthening.
Monitor the relationship between cost of revenue and revenue, as cost of revenue increased sequentially even as revenue held flat.