QuidelOrtho (QDEL) EBIT (2021 - 2024)
QuidelOrtho's (QDEL) quarterly EBIT came in at -$1.8 billion in Q1 2024, down 1865.06% year-over-year from $99.6 million in Q2 2023, and down 4484.04% quarter-over-quarter from $40.1 million in Q4 2023.
Analysis
QuidelOrtho (QDEL) EBIT (2021 - 2024) Analysis & Trends
QuidelOrtho has disclosed EBIT across 4 years of filings, most recently posting -$1.8 billion for Q1 2024.
- In Q1 2024, EBIT fell 1865.06% year-over-year to -$1.8 billion; the TTM figure through Mar 2024 stood at -$1.7 billion (down 412.17% YoY), while the FY2024 annual figure was -$2.0 billion, down 1509.71% from the prior year.
- EBIT came in at -$1.8 billion for Q1 2024 at QuidelOrtho, down from $40.1 million in the prior quarter.
- In the past five years, EBIT ranged from a high of $620.7 million in Q2 2022 to a low of -$1.8 billion in Q1 2024.
- Average EBIT over 4 years is -$22.0 million, with a median of $56.8 million recorded in 2022.
- Year-over-year, EBIT soared 242.06% in 2022 and sank 1865.06% in 2024.
- Over 4 years, EBIT stood at $281.8 million in 2021, then tumbled by 79.84% to $56.8 million in 2022, then dropped by 29.4% to $40.1 million in 2023, then slumped by 4484.04% to -$1.8 billion in 2024.
- Per Business Quant data, the three most recent EBIT figures were -$1.8 billion in Q1 2024, $40.1 million in Q4 2023, and $26.3 million in Q4 2023.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT (Qtr) |
|---|---|---|---|---|---|
| 1 | GE HealthCare Technologies | 29.80 Bn | 27.69 Bn | 2.18 Bn | 739.00 Mn |
| 2 | Lantheus Holdings | 6.58 Bn | 5.98 Bn | 241.86 Mn | 100.22 Mn |
| 3 | Heartflow | 4.13 Bn | 3.75 Bn | 53.19 Mn | -17.90 Mn |
| 4 | Neogen | 2.58 Bn | 2.39 Bn | 107.80 Mn | 3.10 Mn |
| 5 | Butterfly Network | 1.98 Bn | 1.85 Bn | 23.29 Mn | -13.66 Mn |
| 6 | Ceribell | 924.18 Mn | 794.92 Mn | 25.94 Mn | -19.98 Mn |
| 7 | QuidelOrtho | 878.34 Mn | 754.94 Mn | - | - |
| 8 | Varex Imaging | 779.06 Mn | 679.86 Mn | 76.70 Mn | 22.80 Mn |
| 9 | Prenetics Global | 338.80 Mn | 279.75 Mn | 30.20 Mn | -20.98 Mn |
| 10 | CapsoVision | 318.60 Mn | 309.52 Mn | 1.87 Mn | -7.58 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2024 | -1.76 Bn |
| Dec 31, 2023 | 40.10 Mn |
| Oct 1, 2023 | 26.30 Mn |
| Jul 2, 2023 | -26.90 Mn |
| Apr 2, 2023 | 99.60 Mn |
| Jan 1, 2023 | 314.40 Mn |
| Oct 2, 2022 | 56.80 Mn |
| Jul 3, 2022 | 79.70 Mn |
| Apr 3, 2022 | 620.70 Mn |
| Oct 3, 2021 | 281.80 Mn |
| Jul 4, 2021 | 23.30 Mn |