Vulcan Materials Company stock research
FY2024 Q4
Vulcan Materials (VMC) Gross Margin — Quarter Ended Dec 31, 2024
Revenue and gross profit were both lower than the preceding quarter, while gross margin improved. Cost of revenue decreased proportionally more than revenue, lifting gross margin above both the prior quarter and the same quarter last year.
Gross margin takeaway
Quarter ended Dec 31, 2024 · FY2024 Q4
Revenue and gross profit were both lower than the preceding quarter, while gross margin improved. Cost of revenue decreased proportionally more than revenue, lifting gross margin above both the prior quarter and the same quarter last year.
- Gross margin strengthened compared with both prior periods, and the absolute gap between gross profit and cost of revenue widened versus a year ago.
- Compared with the immediately preceding quarter, revenue was lower but gross margin was higher. Versus the same quarter one year earlier, both revenue and gross margin were higher.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
29.0%
Gross profit
$537.2M
Revenue
$1.9B
Cost of revenue
$1.3B
Quarter-over-quarter change
+0.8 pts
Year-over-year change
+3.2 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 31, 2024 | $1.5B | $304.9M | $1.2B | 19.7% |
| Jun 30, 2024 | $2.0B | $592.2M | $1.4B | 29.4% |
| Sep 30, 2024 | $2.0B | $565.2M | $1.4B | 28.2% |
| Dec 31, 2024 | $1.9B | $537.2M | $1.3B | 29.0% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Sep 30, 2024
+0.8 pts
Year-over-year change
Dec 31, 2023
+3.2 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
Gross margin strengthened compared with both prior periods, and the absolute gap between gross profit and cost of revenue widened versus a year ago.
Compared with the immediately preceding quarter, revenue was lower but gross margin was higher. Versus the same quarter one year earlier, both revenue and gross margin were higher.
Monitor whether the cost-of-revenue trend that benefited gross margin this quarter can be sustained.