QuidelOrtho (QDEL) Gross Margin (2021 - 2024)
QuidelOrtho recorded quarterly Gross Margin of 98.87% in Q1 2024, little changed quarter-over-quarter from 99.01% in Q4 2023, and up 4586.0% year-over-year from 2.11% in Q2 2023.
QuidelOrtho's Gross Margin history runs 4 years deep, the most recent figure standing at 98.87% for Q1 2024.
- In Q1 2024, Gross Margin rose 4586.0% year-over-year to 98.87%; the TTM figure through Mar 2024 stood at 73.65% (up 2322.0% YoY), while the FY2024 annual figure was 46.23%, down 5287.0% from the prior year.
- Gross Margin came in at 98.87% for Q1 2024 at QuidelOrtho, roughly flat from 99.01% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 100.0% in Q4 2021 to a low of 9.44% in Q1 2023.
- A 4-year average of 72.62% and a median of 80.01% in 2024 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin sank 4698 bps in 2023 and jumped 4586 bps in 2024, its largest moves.
- QuidelOrtho's Gross Margin stood at 100.0% in 2021, then declined by 1 bps to 99.49% in 2022, then dropped by 0 bps to 99.01% in 2023, then decreased by 0 bps to 98.87% in 2024.
- According to Business Quant data, Gross Margin over the past three periods registered 98.87%, 99.01%, and 44.56% for Q1 2024, Q4 2023, and Q3 2023 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 152.82 Bn | 146.17 Bn | 6.27 Bn | 56.20% |
| 2 | Stryker | 115.07 Bn | 112.19 Bn | 3.81 Bn | 63.29% |
| 3 | Medtronic | 95.25 Bn | 87.08 Bn | 5.76 Bn | 63.83% |
| 4 | Boston Scientific | 71.38 Bn | 70.17 Bn | 3.61 Bn | 69.46% |
| 5 | Edwards Lifesciences | 51.08 Bn | 47.41 Bn | 1.29 Bn | 78.01% |
| 6 | Koninklijke Philips | 29.38 Bn | 26.07 Bn | 2.07 Bn | 45.22% |
| 7 | Dexcom | 28.84 Bn | 27.72 Bn | 750.30 Mn | 62.95% |
| 8 | GE HealthCare Technologies | 28.56 Bn | 26.49 Bn | 1.98 Bn | 38.53% |
| 9 | Steris | 20.71 Bn | 20.30 Bn | 697.10 Mn | 43.89% |
| 10 | QuidelOrtho | 898.19 Mn | 757.79 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2024 | 98.87% |
| Oct 1, 2023 | 99.01% |
| Jul 2, 2023 | 44.56% |
| Apr 2, 2023 | 53.02% |
| Jan 1, 2023 | 9.44% |
| Oct 2, 2022 | 99.49% |
| Jul 3, 2022 | 60.61% |
| Apr 3, 2022 | 100.00% |
| Oct 3, 2021 | 100.00% |
| Jul 4, 2021 | 61.16% |