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
DateValue
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