QuidelOrtho (QDEL) Gross Margin (2021 - 2024)

QuidelOrtho has disclosed Gross Margin across 4 years of filings, most recently posting 46.71% for Q1 2024.

• In Q1 2024, Gross Margin fell 631.0% year-over-year to 46.71%; the TTM figure through Mar 2024 stood at 48.72% (up 894.0% YoY), while the FY2024 annual figure was 46.23%, down 371.0% from the prior year.
• Gross Margin came in at 46.71% for Q1 2024 at QuidelOrtho, down from 49.48% in the prior quarter.
• In the past five years, Gross Margin ranged from a high of 74.03% in Q2 2022 to a low of 9.44% in Q1 2023.
• Average Gross Margin over 4 years is 52.46%, with a median of 52.51% recorded in 2023.
• The largest YoY upside for Gross Margin was 55 bps in 2022 against a maximum downside of 2165 bps in 2022.
• Over 4 years, Gross Margin stood at 73.64% in 2021, then decreased by 29 bps to 51.99% in 2022, then slipped by 5 bps to 49.48% in 2023, then retreated by 6 bps to 46.71% in 2024.
• Per Business Quant data, the three most recent Gross Margin figures were 46.71% in Q1 2024, 49.48% in Q4 2023, and 44.56% in Q3 2023.