QuidelOrtho (QDEL) Net Margin (2021 - 2024)
QuidelOrtho (QDEL) reported Net Margin of 240.77% for Q1 2024, down 24654.0% on a YoY basis from N/an in Q2 2023, and down 9328.19% sequentially from 2.55% in Q4 2023.
QuidelOrtho (QDEL) Net Margin (2021 - 2024) Analysis & Trends
QuidelOrtho (QDEL) has 4 years of Net Margin data on file, last reported at 240.77% in Q1 2024.
- For the quarter ending Q1 2024, Net Margin fell 24654.0% year-over-year to 240.77%; the trailing twelve-month figure through Mar 2024 stood at 78.37% (down 8475.0% YoY), and the FY2024 full-year result was 74.55%, down 7342.0% from the prior year.
- Net Margin slipped to 240.77% in Q1 2024, from 2.55% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 47.88% in Q2 2022 to a low of 240.77% in Q1 2024.
- A 4-year average of 12.83% and a median of 4.26% in 2022 frame the typical range for Net Margin.
- Across the five-year window, Net Margin tumbled 500 bps in 2023 and slumped 24654 bps in 2024, its largest moves.
- Tracing QDEL's Net Margin over 4 years: stood at 42.31% in 2021, then plunged by 94 bps to 2.45% in 2022, then slumped by 204 bps to 2.55% in 2023, then sank by 9328 bps to 240.77% in 2024.
- Business Quant data shows QDEL's Net Margin at 240.77% in Q1 2024, 2.55% in Q4 2023, and 8.65% in Q3 2023.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 201.40 Bn | 194.75 Bn | 6.27 Bn | 9.65% |
| 2 | Stryker | 122.29 Bn | 119.41 Bn | 3.81 Bn | 12.38% |
| 3 | Medtronic | 105.01 Bn | 96.40 Bn | 6.41 Bn | 12.84% |
| 4 | Boston Scientific | 64.81 Bn | 63.59 Bn | 3.61 Bn | 25.77% |
| 5 | Edwards Lifesciences | 55.28 Bn | 51.60 Bn | 1.29 Bn | - |
| 6 | Dexcom | 29.06 Bn | 27.94 Bn | 750.30 Mn | 16.74% |
| 7 | Koninklijke Philips | 29.02 Bn | 25.93 Bn | 2.07 Bn | 3.87% |
| 8 | GE HealthCare Technologies | 28.27 Bn | 26.20 Bn | 1.98 Bn | 8.01% |
| 9 | Smith & Nephew | 25.80 Bn | 25.22 Bn | - | - |
| 10 | QuidelOrtho | 1.13 Bn | 990.36 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2024 | -240.77% |
| Oct 1, 2023 | -2.55% |
| Jul 2, 2023 | -8.65% |
| Apr 2, 2023 | 5.77% |
| Jan 1, 2023 | 11.65% |
| Oct 2, 2022 | 2.45% |
| Jul 3, 2022 | 2.76% |
| Apr 3, 2022 | 47.88% |
| Oct 3, 2021 | 42.31% |
| Jul 4, 2021 | 10.82% |