Vertex Pharmaceuticals Incorporated stock research
FY2024 Q4
Vertex Pharmaceuticals (VRTX) Gross Margin — Quarter Ended Dec 31, 2024
Revenue and gross profit both increased compared to the prior quarter and the same quarter last year, while cost of revenue also rose. Gross margin was slightly lower than the prior quarter but slightly higher than the year-ago quarter, indicating a stable relationship among the metrics.
Gross margin takeaway
Quarter ended Dec 31, 2024 · FY2024 Q4
Revenue and gross profit both increased compared to the prior quarter and the same quarter last year, while cost of revenue also rose. Gross margin was slightly lower than the prior quarter but slightly higher than the year-ago quarter, indicating a stable relationship among the metrics.
- The strongest observable margin driver is the consistent gross margin level, which remained near the same range across all three periods despite changes in revenue and cost of revenue.
- Compared to the immediately preceding quarter, gross margin weakened slightly. Compared to the same quarter one year earlier, gross margin improved slightly.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
85.5%
Gross profit
$2.5B
Revenue
$2.9B
Cost of revenue
$423.4M
Quarter-over-quarter change
-0.4 pts
Year-over-year change
+0.1 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 | $2.7B | $2.3B | $342.6M | 87.3% |
| Jun 30, 2024 | $2.6B | $2.3B | $371.9M | 85.9% |
| Sep 30, 2024 | $2.8B | $2.4B | $392.6M | 85.8% |
| Dec 31, 2024 | $2.9B | $2.5B | $423.4M | 85.5% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Sep 30, 2024
-0.4 pts
Year-over-year change
Dec 31, 2023
+0.1 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver is the consistent gross margin level, which remained near the same range across all three periods despite changes in revenue and cost of revenue.
Compared to the immediately preceding quarter, gross margin weakened slightly. Compared to the same quarter one year earlier, gross margin improved slightly.
Monitor the trend in cost of revenue relative to revenue, as it increased in both comparisons and may affect future gross margin stability.