QuidelOrtho (QDEL) Gross Margin (2021 - 2024)
QuidelOrtho (QDEL) posted Gross Margin of 46.71% for Q1 2024, down 5.59% sequentially from 49.48% in Q4 2023, and down 631.0% YoY from 8.8% in Q2 2023.
QuidelOrtho (QDEL) Gross Margin (2021 - 2024) Analysis & Trends
QuidelOrtho has reported Gross Margin for 4 years, with the latest figure at 46.71% in Q1 2024.
- Quarterly Gross Margin fell 631.0% year-over-year to 46.71% in Q1 2024, while the trailing twelve-month figure through Mar 2024 was 48.72% (up 1680.0% YoY) and the FY2024 annual result came in at 98.14%, up 4820.0% from the prior year.
- Gross Margin slipped to 46.71% in Q1 2024 per QDEL's latest filing, from 49.48% in the prior quarter.
- Over five years, Gross Margin peaked at 100.0% in Q3 2021 and troughed at 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.
- The sharpest annual moves came in 2022 and 2023: Gross Margin plunged 3939 bps in 2022, then sank 251 bps in 2023.
- Over 4 years, Gross Margin stood at 73.64% in 2021, then dropped by 29 bps to 51.99% in 2022, then declined by 5 bps to 49.48% in 2023, then slipped by 6 bps to 46.71% in 2024.
- According to Business Quant data, Gross Margin over the past three periods registered 46.71%, 49.48%, and 44.56% for Q1 2024, Q4 2023, and Q3 2023 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 198.70 Bn | 193.10 Bn | 7.27 Bn | 57.71% |
| 2 | Stryker | 125.85 Bn | 122.37 Bn | 4.50 Bn | 68.27% |
| 3 | Medtronic | 118.44 Bn | 109.22 Bn | 6.41 Bn | 65.35% |
| 4 | Boston Scientific | 72.64 Bn | 72.10 Bn | 3.85 Bn | 70.71% |
| 5 | Edwards Lifesciences | 51.94 Bn | 47.69 Bn | 1.35 Bn | 77.46% |
| 6 | Dexcom | 34.48 Bn | 32.53 Bn | 830.00 Mn | 63.44% |
| 7 | GE HealthCare Technologies | 33.60 Bn | 31.49 Bn | 2.18 Bn | 41.17% |
| 8 | Koninklijke Philips | 26.30 Bn | 22.98 Bn | 4.55 Bn | 47.38% |
| 9 | Steris | 23.00 Bn | 22.52 Bn | 684.20 Mn | 45.84% |
| 10 | QuidelOrtho | 1.01 Bn | 885.73 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2024 | 46.71% |
| Oct 1, 2023 | 49.48% |
| Jul 2, 2023 | 44.56% |
| Apr 2, 2023 | 53.02% |
| Jan 1, 2023 | -14.13% |
| Oct 2, 2022 | 51.99% |
| Jul 3, 2022 | 60.61% |
| Apr 3, 2022 | 74.03% |
| Oct 3, 2021 | 73.64% |
| Jul 4, 2021 | 100.00% |