QuidelOrtho (QDEL) Cost of Revenue (2021 - 2024)
QuidelOrtho (QDEL) posted Cost of Revenue of $378.9 million for Q1 2024, down 74.62% sequentially from $1.5 billion in Q4 2023, and down 4.68% YoY from $397.5 million in Q2 2023.
QuidelOrtho (QDEL) Cost of Revenue (2021 - 2024) Analysis & Trends
QuidelOrtho has reported Cost of Revenue for 4 years, with the latest figure at $378.9 million in Q1 2024.
- Quarterly Cost of Revenue fell 4.68% year-over-year to $378.9 million in Q1 2024, while the trailing twelve-month figure through Mar 2024 was $2.6 billion (up 9.95% YoY) and the FY2024 annual result came in at $51.8 million, down 96.55% from the prior year.
- Cost of Revenue declined to $378.9 million in Q1 2024 per QDEL's latest filing, from $1.5 billion in the prior quarter.
- Over five years, Cost of Revenue peaked at $1.5 billion in Q4 2023 and troughed at $134.4 million in Q4 2021.
- A 4-year average of $539.0 million and a median of $376.1 million in 2022 frame the typical range for Cost of Revenue.
- The sharpest annual moves came in 2022 and 2024: Cost of Revenue surged 179.99% in 2022, then slipped 4.68% in 2024.
- Over 4 years, Cost of Revenue stood at $134.4 million in 2021, then jumped by 179.99% to $376.3 million in 2022, then soared by 296.68% to $1.5 billion in 2023, then tumbled by 74.62% to $378.9 million in 2024.
- According to Business Quant data, Cost of Revenue over the past three periods registered $378.9 million, $1.5 billion, and $375.9 million for Q1 2024, Q4 2023, and Q4 2023 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 200.50 Bn | 194.89 Bn | 7.27 Bn | 5.33 Bn |
| 2 | Stryker | 130.00 Bn | 126.52 Bn | 4.50 Bn | 2.09 Bn |
| 3 | Medtronic | 120.36 Bn | 111.14 Bn | 6.41 Bn | 3.40 Bn |
| 4 | Boston Scientific | 74.19 Bn | 73.65 Bn | 3.85 Bn | 1.59 Bn |
| 5 | Edwards Lifesciences | 52.73 Bn | 48.48 Bn | 1.35 Bn | 392.40 Mn |
| 6 | Dexcom | 34.64 Bn | 32.70 Bn | 830.00 Mn | 478.40 Mn |
| 7 | GE HealthCare Technologies | 34.13 Bn | 32.02 Bn | 2.18 Bn | 2.25 Bn |
| 8 | Koninklijke Philips | 26.52 Bn | 23.20 Bn | 4.55 Bn | 2.57 Bn |
| 9 | Steris | 23.23 Bn | 22.75 Bn | 684.20 Mn | 808.60 Mn |
| 10 | QuidelOrtho | 998.55 Mn | 875.15 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2024 | 378.90 Mn |
| Mar 31, 2024 | 378.90 Mn |
| Dec 31, 2023 | 1.49 Bn |
| Dec 31, 2023 | 1.49 Bn |
| Oct 1, 2023 | 375.90 Mn |
| Oct 1, 2023 | 375.90 Mn |
| Jul 2, 2023 | 368.70 Mn |
| Jul 2, 2023 | 368.70 Mn |
| Apr 2, 2023 | 397.50 Mn |
| Apr 2, 2023 | 397.50 Mn |
| Jan 1, 2023 | 1.33 Bn |
| Jan 1, 2023 | 1.33 Bn |
| Oct 2, 2022 | 376.30 Mn |
| Oct 2, 2022 | 376.30 Mn |
| Jul 3, 2022 | 275.90 Mn |
| Jul 3, 2022 | 275.90 Mn |
| Apr 3, 2022 | 260.30 Mn |
| Apr 3, 2022 | 260.30 Mn |
| Oct 3, 2021 | 134.40 Mn |
| Oct 3, 2021 | 134.40 Mn |