Viatris Inc. stock research
FY2023 Q4
Viatris (VTRS) Gross Margin — Quarter Ended Dec 31, 2023
In the current quarter, revenue and gross profit both decreased compared to the previous quarter, while cost of revenue also declined; gross margin weakened slightly. Compared to the same quarter one year earlier, gross profit increased and cost of revenue decreased, resulting in a higher gross margin.
Gross margin takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
In the current quarter, revenue and gross profit both decreased compared to the previous quarter, while cost of revenue also declined; gross margin weakened slightly. Compared to the same quarter one year earlier, gross profit increased and cost of revenue decreased, resulting in a higher gross margin.
- The strongest observable margin driver is the year-over-year improvement in gross margin, which rose as gross profit increased and cost of revenue declined.
- Compared to the preceding quarter, gross margin was lower, as revenue and gross profit decreased at a slightly different pace. Compared to the same quarter one year earlier, gross margin was higher, with gross profit rising and cost of revenue falling.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
41.7%
Gross profit
$1.6B
Revenue
$3.8B
Cost of revenue
$2.2B
Quarter-over-quarter change
-1.3 pts
Year-over-year change
+8.8 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 | $3.7B | $1.5B | $2.2B | 41.5% |
| Jun 30, 2023 | $3.9B | $1.6B | $2.3B | 41.1% |
| Sep 30, 2023 | $3.9B | $1.7B | $2.3B | 43.0% |
| Dec 31, 2023 | $3.8B | $1.6B | $2.2B | 41.7% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Sep 30, 2023
-1.3 pts
Year-over-year change
Dec 31, 2022
+8.8 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver is the year-over-year improvement in gross margin, which rose as gross profit increased and cost of revenue declined.
Compared to the preceding quarter, gross margin was lower, as revenue and gross profit decreased at a slightly different pace. Compared to the same quarter one year earlier, gross margin was higher, with gross profit rising and cost of revenue falling.
Monitor the trend in operating cash flow, which decreased year-over-year according to the filing.