QuidelOrtho (QDEL) Gross Margin (2021 - 2024)

QuidelOrtho (QDEL) has 4 years of Gross Margin data on file, last reported at 46.71% in Q1 2024.

• For the quarter ending Q1 2024, Gross Margin fell 631.0% year-over-year to 46.71%; the trailing twelve-month figure through Mar 2024 stood at 48.72% (up 1680.0% YoY), and the FY2024 full-year result was 98.14%, up 4820.0% from the prior year.
• Gross Margin slipped to 46.71% in Q1 2024, from 49.48% in the prior quarter.
• In the past five years, Gross Margin ranged from a high of 100.0% in Q3 2021 to a low of 14.13% in Q1 2023.
• A 4-year average of 53.99% and a median of 52.51% in 2023 frame the typical range for Gross Margin.
• Across the five-year window, Gross Margin slumped 3939 bps in 2022 and tumbled 251 bps in 2023, its largest moves.
• Tracing QDEL's Gross Margin over 4 years: stood at 73.64% in 2021, then retreated by 29 bps to 51.99% in 2022, then decreased by 5 bps to 49.48% in 2023, then fell by 6 bps to 46.71% in 2024.
• Business Quant data shows QDEL's Gross Margin at 46.71% in Q1 2024, 49.48% in Q4 2023, and 44.56% in Q3 2023.