QuidelOrtho (QDEL) Cost of Revenue (2021 - 2024)
QuidelOrtho (QDEL) reported Cost of Revenue of $378.9 million for Q1 2024, down 4.68% on a YoY basis from $397.5 million in Q2 2023, and down 74.62% sequentially from $1.5 billion in Q4 2023.
QuidelOrtho (QDEL) Cost of Revenue (2021 - 2024) Analysis & Trends
QuidelOrtho (QDEL) has 4 years of Cost of Revenue data on file, last reported at $378.9 million in Q1 2024.
- For the quarter ending Q1 2024, Cost of Revenue fell 4.68% year-over-year to $378.9 million; the trailing twelve-month figure through Mar 2024 stood at $2.6 billion (up 9.95% YoY), and the FY2024 full-year result was $51.8 million, down 96.55% from the prior year.
- Cost of Revenue declined to $378.9 million in Q1 2024, from $1.5 billion in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $1.5 billion in Q4 2023 to a low of $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.
- Across the five-year window, Cost of Revenue soared 179.99% in 2022 and retreated 4.68% in 2024, its largest moves.
- Tracing QDEL's Cost of Revenue over 4 years: 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 plunged by 74.62% to $378.9 million in 2024.
- Business Quant data shows QDEL's Cost of Revenue at $378.9 million in Q1 2024, $1.5 billion in Q4 2023, and $375.9 million in Q4 2023.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 182.32 Bn | 175.02 Bn | 6.27 Bn | 4.89 Bn |
| 2 | Stryker | 128.75 Bn | 125.88 Bn | 3.81 Bn | 2.21 Bn |
| 3 | Medtronic | 107.83 Bn | 98.61 Bn | 6.41 Bn | 3.40 Bn |
| 4 | Boston Scientific | 67.61 Bn | 66.15 Bn | 3.61 Bn | 12.00 Mn |
| 5 | Edwards Lifesciences | 48.13 Bn | 44.45 Bn | 1.29 Bn | 362.60 Mn |
| 6 | Dexcom | 28.26 Bn | 27.14 Bn | 750.30 Mn | 441.60 Mn |
| 7 | GE HealthCare Technologies | 27.78 Bn | 25.50 Bn | 1.98 Bn | 481.00 Mn |
| 8 | Smith & Nephew | 26.99 Bn | 26.41 Bn | - | - |
| 9 | Koninklijke Philips | 23.92 Bn | 20.80 Bn | 2.07 Bn | 2.51 Bn |
| 10 | QuidelOrtho | 1.15 Bn | 1.01 Bn | - | - |
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 |