Xylem Inc. stock research
FY2024 Q3
Xylem (XYL) Gross Margin — Quarter Ended Sep 30, 2024
Revenue was stable compared to the same quarter last year but lower than the previous quarter. Gross profit increased year-over-year and decreased sequentially, resulting in a gross margin that improved from the prior year but weakened from the prior quarter.
Gross margin takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue was stable compared to the same quarter last year but lower than the previous quarter. Gross profit increased year-over-year and decreased sequentially, resulting in a gross margin that improved from the prior year but weakened from the prior quarter.
- The year-over-year improvement in gross margin was the most notable change, as gross profit rose while revenue held steady.
- Compared to the prior quarter, revenue and gross profit both declined, with gross margin slightly lower. Compared to the same quarter last year, revenue was unchanged, gross profit was higher, and gross margin improved.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
37.3%
Gross profit
$784.0M
Revenue
$2.1B
Cost of revenue
$1.3B
Quarter-over-quarter change
-0.5 pts
Year-over-year change
+0.5 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 |
|---|---|---|---|---|
| Dec 31, 2023 | $2.1B | $756.0M | $1.4B | 35.7% |
| Mar 31, 2024 | $2.0B | $752.0M | $1.3B | 37.0% |
| Jun 30, 2024 | $2.2B | $819.0M | $1.4B | 37.8% |
| Sep 30, 2024 | $2.1B | $784.0M | $1.3B | 37.3% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jun 30, 2024
-0.5 pts
Year-over-year change
Sep 30, 2023
+0.5 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The year-over-year improvement in gross margin was the most notable change, as gross profit rose while revenue held steady.
Compared to the prior quarter, revenue and gross profit both declined, with gross margin slightly lower. Compared to the same quarter last year, revenue was unchanged, gross profit was higher, and gross margin improved.
Monitor the trend in cost of revenue relative to revenue, as it directly affects gross margin.