Vulcan Materials Company stock research
FY2025 Q1
Vulcan Materials (VMC) Gross Margin — Quarter Ended Mar 31, 2025
Revenue and gross profit both decreased from the prior quarter, while cost of revenue remained stable, resulting in a lower gross margin. Compared to the same quarter last year, revenue and gross profit increased, and gross margin improved.
Gross margin takeaway
Quarter ended Mar 31, 2025 · FY2025 Q1
Revenue and gross profit both decreased from the prior quarter, while cost of revenue remained stable, resulting in a lower gross margin. Compared to the same quarter last year, revenue and gross profit increased, and gross margin improved.
- The gross margin weakened sequentially as gross profit declined more sharply relative to revenue, with cost of revenue unchanged. The year-over-year improvement in gross margin was driven by a larger increase in gross profit relative to revenue.
- Compared to the prior quarter, revenue and gross profit were lower, cost of revenue was stable, and gross margin weakened. Compared to the same quarter last year, revenue and gross profit were higher, cost of revenue was higher, and gross margin improved.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
22.3%
Gross profit
$365.3M
Revenue
$1.6B
Cost of revenue
$1.3B
Quarter-over-quarter change
-6.6 pts
Year-over-year change
+2.6 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 | $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% |
| Mar 31, 2025 | $1.6B | $365.3M | $1.3B | 22.3% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 31, 2024
-6.6 pts
Year-over-year change
Mar 31, 2024
+2.6 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The gross margin weakened sequentially as gross profit declined more sharply relative to revenue, with cost of revenue unchanged. The year-over-year improvement in gross margin was driven by a larger increase in gross profit relative to revenue.
Compared to the prior quarter, revenue and gross profit were lower, cost of revenue was stable, and gross margin weakened. Compared to the same quarter last year, revenue and gross profit were higher, cost of revenue was higher, and gross margin improved.
Monitor the relationship between revenue and cost of revenue in upcoming quarters, as cost of revenue remained unchanged despite a decline in revenue.