NASDAQ : QDEL
QuidelOrtho Corporation — Financial statements
Healthcare · Medical Devices · United States
Last price 13.25 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 908.62M
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Financial statements
QuidelOrtho Corporation (QDEL) reported revenue of 2.67B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 2.67B | 2.73B | 2.78B | 3.00B | 3.27B | 1.70B |
| Cost of Revenue | 1.47B | 1.45B | 1.50B | 1.50B | 1.33B | 420.30M |
| Gross Profit | 1.20B | 1.28B | 1.29B | 1.50B | 1.94B | 1.28B |
| Selling, General & Admin | 770.30M | 746.30M | 766.80M | 763.20M | 621.00M | 239.60M |
| Research & Development | 180.90M | 186.20M | 218.70M | 245.00M | 187.90M | 95.70M |
| Amortization of Goodwill & Intangibles | 189.10M | 189.20M | 203.40M | 204.80M | 132.50M | 27.40M |
| Other Operating Expenses | 22.20M | 32.70M | 50.60M | 27.10M | ||
| Operating Expenses | 1.16B | 1.15B | 1.24B | 1.24B | 941.40M | 362.70M |
| Operating Income | 37.10M | 123.60M | 47.00M | 257.00M | 994.80M | 915.60M |
| Interest Expense | -204.20M | -187.80M | -191.50M | -182.20M | -76.60M | -700.00K |
| Interest & Investment Income | 2.40M | 2.20M | 2.60M | 5.50M | 1.30M | 300.00K |
| Currency Exchange Gain (Loss) | 10.70M | 10.70M | 11.60M | 1.00M | ||
| Other Non Operating Income (Expenses) | -9.10M | -8.50M | 6.70M | 7.50M | -8.50M | -5.30M |
| EBT Excluding Unusual Items | -163.10M | -59.80M | -123.60M | 88.80M | 911.00M | 909.90M |
| Merger & Restructuring Charges | -79.50M | -263.60M | -127.20M | -113.40M | -136.00M | -9.60M |
| Impairment of Goodwill | -700.70M | -700.70M | -1.82B | |||
| Gain (Loss) on Sale of Investments | -1.20M | |||||
| Asset Writedown | -16.60M | -13.50M | -56.90M | -4.50M | -2.80M | |
| Other Unusual Items | -70.10M | -70.10M | -36.30M | |||
| Pretax Income | -1.03B | -1.11B | -2.13B | -29.10M | 735.90M | 900.30M |
| Income Tax Expense | 18.40M | 24.10M | -79.50M | -19.00M | 187.20M | 196.10M |
| Net Income | -1.05B | -1.13B | -2.05B | -10.10M | 548.70M | 704.20M |
| Net Income to Common | -1.05B | -1.13B | -2.05B | -10.10M | 548.70M | 704.20M |
| Shares Outstanding (Basic) | 68.10M | 67.80M | 67.20M | 66.80M | 56.80M | 42.10M |
| Shares Outstanding (Diluted) | 68.10M | 67.80M | 67.20M | 66.80M | 57.40M | 42.90M |
| EPS (Basic) | -15.40 | -16.69 | -30.54 | -0.15 | 9.66 | 16.73 |
| EPS (Diluted) | -15.40 | -16.69 | -30.54 | -0.15 | 9.56 | 16.43 |
| Free Cash Flow | -211.20M | -83.00M | -112.10M | 70.90M | 744.40M | 513.10M |
| Free Cash Flow Per Share | -3.10 | -1.22 | -1.67 | 1.06 | 12.97 | 11.96 |
| Gross Margin | 44.86% | 46.81% | 46.23% | 49.94% | 59.28% | 75.26% |
| Operating Margin | 1.39% | 4.53% | 1.69% | 8.57% | 30.46% | 53.90% |
| Profit Margin | -39.20% | -41.45% | -73.74% | -0.34% | 16.80% | 41.46% |
| Free Cash Flow Margin | -7.90% | -3.04% | -4.03% | 2.37% | 22.79% | 30.21% |
| EBITDA | 484.60M | 562.00M | 497.70M | 713.60M | 1.28B | 967.30M |
| EBITDA Margin | 18.12% | 20.58% | 17.88% | 23.80% | 39.12% | 56.95% |
| D&A For EBITDA | 447.50M | 438.40M | 450.70M | 456.60M | 282.70M | 51.70M |
| EBIT | 37.10M | 123.60M | 47.00M | 257.00M | 994.80M | 915.60M |
| EBIT Margin | 1.39% | 4.53% | 1.69% | 8.57% | 30.46% | 53.90% |
| Effective Tax Rate | 25.44% | 21.78% | ||||
| Advertising Expenses | 8.90M | 6.20M | 15.10M | 26.80M | 13.70M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 123.40M | 169.80M | 98.30M | 118.90M | 292.90M | 802.80M |
| Short-Term Investments | 48.40M | 52.10M | 25.70M | |||
| Trading Asset Securities | 300.00K | 1.30M | 200.00K | 15.90M | ||
| Cash & Short-Term Investments | 123.40M | 170.10M | 99.60M | 167.50M | 360.90M | 828.50M |
| Accounts Receivable | 377.40M | 451.70M | 314.90M | 349.50M | 503.50M | 378.00M |
| Other Receivables | 91.20M | 120.00M | 136.40M | 138.90M | 82.90M | 15.80M |
| Receivables | 468.60M | 571.70M | 451.30M | 488.40M | 586.40M | 393.80M |
| Inventory | 618.90M | 577.60M | 533.70M | 577.80M | 524.10M | 198.80M |
| Prepaid Expenses | 72.00M | 53.90M | 73.20M | 67.00M | 96.70M | 14.60M |
| Other Current Assets | 93.70M | 74.00M | 61.10M | 9.80M | 7.00M | 4.60M |
| Total Current Assets | 1.38B | 1.45B | 1.22B | 1.31B | 1.58B | 1.44B |
| Property, Plant & Equipment | 1.49B | 1.51B | 1.55B | 1.61B | 1.52B | 476.80M |
| Long-Term Investments | 8.00M | 12.40M | 7.40M | 21.00M | 37.90M | |
| Goodwill | 649.50M | 2.49B | 2.48B | 337.00M | ||
| Other Intangible Assets | 2.68B | 2.56B | 2.74B | 2.93B | 3.12B | 98.70M |
| Long-Term Deferred Tax Assets | 25.90M | 16.40M | 20.10M | |||
| Other Long-Term Assets | 157.90M | 244.40M | 258.30M | 179.60M | 122.70M | 19.60M |
| Total Assets | 5.72B | 5.77B | 6.42B | 8.56B | 8.86B | 2.43B |
| Accounts Payable | 236.50M | 279.40M | 246.00M | 294.80M | 283.30M | 101.50M |
| Accrued Expenses | 173.80M | 291.30M | 265.60M | 196.80M | 207.40M | 66.50M |
| Short-Term Debt | 2.00M | 83.00M | 198.00M | 1.60M | ||
| Current Portion of Long-Term Debt | 353.70M | 95.30M | 143.80M | 138.20M | 207.50M | |
| Current Portion of Leases | 31.80M | 29.30M | 31.10M | 26.70M | 24.40M | 10.30M |
| Current Income Taxes Payable | 14.00M | 11.50M | 5.40M | 11.10M | 51.60M | 66.90M |
| Current Unearned Revenue | 35.40M | 37.80M | 33.50M | 36.80M | 76.40M | 1.90M |
| Other Current Liabilities | 146.20M | 138.50M | 75.40M | 127.80M | 156.40M | 76.40M |
| Total Current Liabilities | 993.40M | 966.10M | 998.80M | 833.80M | 1.01B | 323.50M |
| Long-Term Debt | 2.54B | 2.49B | 2.13B | 2.28B | 2.43B | |
| Long-Term Leases | 152.50M | 156.00M | 175.10M | 173.20M | 187.20M | 129.00M |
| Long-Term Unearned Revenue | 16.30M | 16.90M | 17.30M | 13.90M | 9.40M | |
| Long-Term Deferred Tax Liabilities | 122.10M | 90.00M | 76.50M | 192.20M | 213.20M | |
| Other Long-Term Liabilities | 120.60M | 129.60M | 38.00M | 62.80M | 72.30M | 48.50M |
| Total Liabilities | 3.94B | 3.85B | 3.44B | 3.56B | 3.92B | 501.00M |
| Common Stock | 100.00K | 100.00K | 100.00K | 100.00K | ||
| Additional Paid-In Capital | 2.95B | 2.93B | 2.88B | 2.85B | 2.80B | 279.80M |
| Retained Earnings | -1.18B | -996.00M | 135.80M | 2.19B | 2.20B | 1.65B |
| Comprehensive Income & Other | 800.00K | -15.40M | -36.20M | -30.00M | -67.60M | 400.00K |
| Shareholders' Equity | 1.77B | 1.92B | 2.98B | 5.01B | 4.93B | 1.93B |
| Total Liabilities & Equity | 5.72B | 5.77B | 6.42B | 8.56B | 8.86B | 2.43B |
| Total Debt | 3.08B | 2.85B | 2.68B | 2.62B | 2.85B | 139.30M |
| Net Cash (Debt) | -2.95B | -2.68B | -2.58B | -2.45B | -2.47B | 727.10M |
| Net Cash Per Share | -43.35 | -39.58 | -38.42 | -36.62 | -43.02 | 16.95 |
| Filing Date Shares Outstanding | 68.58M | 68.08M | 67.45M | 66.85M | 66.51M | 41.78M |
| Total Common Shares Outstanding | 68.30M | 67.90M | 67.30M | 66.70M | 66.40M | 41.69M |
| Working Capital | 383.20M | 481.20M | 220.10M | 476.70M | 568.10M | 1.12B |
| Book Value Per Share | 25.99 | 28.28 | 44.35 | 75.05 | 74.32 | 46.28 |
| Tangible Book Value | -903.50M | -643.30M | -400.60M | -420.40M | -666.00M | 1.49B |
| Tangible Book Value Per Share | -13.23 | -9.47 | -5.95 | -6.30 | -10.03 | 35.83 |
| Land | 15.10M | 11.70M | 34.70M | 34.50M | 10.20M | |
| Buildings | 332.90M | 330.00M | 399.70M | 364.70M | 146.80M | |
| Machinery | 1.68B | 1.40B | 1.20B | 949.60M | 227.10M | |
| Construction In Progress | 271.10M | 350.90M | 332.80M | 268.40M | 105.20M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -1.05B | -1.13B | -2.05B | -10.10M | 548.70M | 704.20M |
| Depreciation & Amortization | 447.50M | 438.40M | 450.70M | 456.60M | 282.70M | 51.70M |
| Other Amortization | 9.70M | 3.60M | 2.70M | 600.00K | 900.00K | 1.00M |
| Asset Writedown & Restructuring Costs | 714.30M | 862.60M | 1.88B | 4.50M | 2.80M | |
| Stock-Based Compensation | 44.20M | 45.90M | 42.10M | 51.60M | 48.40M | 25.40M |
| Other Operating Activities | -16.20M | 12.30M | -81.30M | -28.10M | 55.00M | 26.40M |
| Change in Accounts Receivable | -79.30M | -117.50M | 5.40M | 160.00M | 150.20M | 118.90M |
| Change in Inventory | -169.00M | -148.30M | -134.10M | -211.60M | -116.90M | -85.00M |
| Change in Accounts Payable | 24.50M | 40.00M | -23.40M | 3.00M | 23.50M | 10.40M |
| Change in Income Taxes | 2.60M | 41.70M | -9.50M | -59.60M | -26.80M | -66.70M |
| Change in Other Net Operating Assets | 12.90M | 58.30M | 2.90M | -86.70M | -83.20M | 19.60M |
| Operating Cash Flow | -57.20M | 105.20M | 83.00M | 280.20M | 885.30M | 805.90M |
| Capital Expenditures | -154.00M | -188.20M | -195.10M | -209.30M | -140.90M | -292.80M |
| Sale of Property, Plant & Equipment | 9.30M | |||||
| Cash Acquisitions | -96.80M | -1.51B | ||||
| Investment in Securities | 15.00M | 55.90M | 18.20M | -10.30M | -63.60M | |
| Other Investing Activities | 6.50M | 13.50M | 18.40M | 36.90M | ||
| Investing Cash Flow | -244.80M | -192.70M | -149.90M | -187.60M | -1.64B | -319.50M |
| Short-Term Debt Issued | 3.00M | 198.00M | 1.60M | |||
| Long-Term Debt Issued | 2.56B | 2.73B | ||||
| Total Debt Issued | 2.65B | 2.56B | 198.00M | 1.60M | 2.73B | |
| Short-Term Debt Repaid | -118.00M | -1.60M | ||||
| Long-Term Debt Repaid | -2.29B | -143.00M | -228.00M | -2.39B | -300.00K | |
| Total Debt Repaid | -2.38B | -2.41B | -144.60M | -228.00M | -2.39B | -300.00K |
| Net Debt Issued (Repaid) | 271.20M | 155.10M | 53.40M | -226.40M | 346.20M | -300.00K |
| Issuance of Common Stock | 5.20M | 6.10M | 5.00M | 11.60M | 26.40M | 7.60M |
| Repurchase of Common Stock | -3.30M | -5.40M | -9.60M | -20.70M | -82.90M | -140.60M |
| Other Financing Activities | -30.30M | -37.70M | -39.80M | |||
| Financing Cash Flow | 273.10M | 155.80M | 48.80M | -265.80M | 252.00M | -173.10M |
| Foreign Exchange Rate Adjustments | 600.00K | 3.00M | -2.90M | -1.20M | -2.00M | -400.00K |
| Net Cash Flow | -28.30M | 71.30M | -21.00M | -174.40M | -508.90M | 312.90M |
| Free Cash Flow | -211.20M | -83.00M | -112.10M | 70.90M | 744.40M | 513.10M |
| Free Cash Flow Margin | -7.90% | -3.04% | -4.03% | 2.37% | 22.79% | 30.21% |
| Free Cash Flow Per Share | -3.10 | -1.22 | -1.67 | 1.06 | 12.97 | 11.96 |
| Levered Free Cash Flow | 146.76M | 233.88M | 192.69M | 321.85M | 641.67M | 381.81M |
| Unlevered Free Cash Flow | 274.39M | 351.25M | 312.38M | 435.73M | 689.55M | 382.25M |
| Cash Interest Paid | 172.40M | 172.40M | 177.50M | 150.00M | 95.10M | |
| Cash Income Tax Paid | -25.40M | 41.60M | 86.60M | 264.80M | 235.60M | |
| Change in Working Capital | -208.30M | -125.80M | -158.70M | -194.90M | -53.20M | -2.80M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 970.34M | 1.99B | 2.98B | 4.92B | 5.66B | 5.63B |
| Enterprise Value | 3.92B | 4.76B | 5.61B | 7.38B | 8.25B | 5.19B |
| Last Close Price | 13.25 | 29.30 | 44.25 | 73.70 | 85.67 | 134.99 |
| PE Ratio | 10.31 | 7.99 | ||||
| Forward PE | 12.73 | 13.89 | 21.58 | 14.60 | 17.67 | 14.83 |
| PS Ratio | 0.34 | 0.73 | 1.07 | 1.64 | 1.73 | 3.31 |
| PB Ratio | 0.51 | 1.04 | 1.00 | 0.98 | 1.15 | 2.92 |
| P/TBV Ratio | 3.77 | |||||
| P/FCF Ratio | 69.46 | 7.60 | 10.96 | |||
| P/OCF Ratio | 18.92 | 35.86 | 17.57 | 6.39 | 6.98 | |
| PEG Ratio | 1.55 | 1.55 | 1.55 | 1.55 | 1.65 | |
| EV/Sales Ratio | 1.44 | 1.74 | 2.02 | 2.46 | 2.53 | 3.06 |
| EV/EBITDA Ratio | 7.97 | 8.46 | 11.27 | 10.35 | 6.46 | 5.37 |
| EV/EBIT Ratio | 104.06 | 38.48 | 119.36 | 28.73 | 8.29 | 5.67 |
| EV/FCF Ratio | 104.15 | 11.09 | 10.12 | |||
| Debt / Equity Ratio | 1.73 | 1.49 | 0.90 | 0.52 | 0.58 | 0.07 |
| Debt / EBITDA Ratio | 5.82 | 4.68 | 4.86 | 3.44 | 2.18 | 0.14 |
| Debt / FCF Ratio | 36.97 | 3.83 | 0.27 | |||
| Net Debt / Equity Ratio | 1.66 | 1.40 | 0.86 | 0.49 | 0.50 | -0.38 |
| Net Debt / EBITDA Ratio | 6.09 | 4.78 | 5.19 | 3.43 | 1.93 | -0.75 |
| Net Debt / FCF Ratio | -13.98 | -32.33 | -23.03 | 34.50 | 3.32 | -1.42 |
| Asset Turnover | 0.44 | 0.45 | 0.37 | 0.34 | 0.58 | 0.79 |
| Inventory Turnover | 2.46 | 2.61 | 2.69 | 2.72 | 3.68 | 2.69 |
| Quick Ratio | 0.60 | 0.77 | 0.55 | 0.79 | 0.94 | 3.78 |
| Current Ratio | 1.39 | 1.50 | 1.22 | 1.57 | 1.56 | 4.45 |
| Return on Equity (ROE) | -45.91% | -46.15% | -51.36% | -0.20% | 15.99% | 43.18% |
| Return on Assets (ROA) | 0.38% | 1.27% | 0.39% | 1.84% | 11.02% | 26.61% |
| Return on Invested Capital (ROIC) | 0.80% | 2.43% | 0.72% | 3.45% | 17.12% | 65.36% |
| Return on Capital Employed (ROCE) | 0.80% | 2.60% | 0.90% | 3.30% | 12.70% | 43.50% |
| Earnings Yield | -108.80% | -56.86% | -68.95% | -0.21% | 9.70% | 12.52% |
| FCF Yield | -23.24% | -4.17% | -3.77% | 1.44% | 13.16% | 9.12% |
| Buyback Yield / Dilution | -0.89% | -0.89% | -0.60% | -16.38% | -33.80% | 1.61% |