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Stock research / United States / QDEL · In Vitro & In Vivo Diagnostic Substances · Nasdaq

QuidelOrtho Corp. (QDEL)

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QuidelOrtho Corp. (QDEL) reported revenue of $631 million for Q2 FY2026, the quarter ended 28 June 2026, up 2.8% on the same quarter a year earlier. Net income was -$93 million, and diluted earnings per share $-1.36. The figures are the company's own, from the 10-Q it filed with the SEC on 7 August 2026.

Revenue$631 millionup 2.8%
Net income-$93 million
Diluted EPS$-1.36
QuarterQ2 FY2026ended 28 June 2026

QuidelOrtho (QDEL) in brief

QuidelOrtho (QDEL) reported revenue of $2.7 billion for fiscal 2025, the year ended 28 December 2025, down 1.9% on the year before.
Read moreNet loss was $1.1 billion and the diluted loss per share $16.69. Revenue was $2.8 billion in fiscal 2024, $3.0 billion in fiscal 2023, $3.3 billion in fiscal 2022 and $1.7 billion in fiscal 2021. Net income in the same years was a loss of $2.1 billion, a loss of $10 million, $549 million and $704 million. Over the twelve months to 28 June 2026, QuidelOrtho reported revenue of $2.7 billion and net loss of $1.0 billion. Revenue grew 10.4% a year, compounded, over the five years to fiscal 2025. QuidelOrtho had 68 million shares outstanding at the latest filed count. At 28 June 2026 it carried $2.5 billion of debt and $123 million of cash. At the close of 9 October 2026 the market cap of QuidelOrtho was $916 million.

Ratios

From the filings

ROE-59.1%
ROCE-19.1%
Operating margin-30.8%
Net margin-39.2%
FCF margin-7.9%
Interest cover-4.06
Debt to equity1.43
Cash conversionn/a
Share count, 1 year0.9%
Sales CAGR, 3 years-5.8%
Profit CAGR, 3 yearsn/a
EPS, TTM-$15.41

At the close of 9 October 2026

Price$13.41
Market cap$916 million
Stock P/En/a
Price to book0.52
EV / EBITDAn/a
Dividend yieldn/a
Market cap / sales0.34
52-week high$35.38
52-week low$9.96
Price, 1 year-52.2%
Price CAGR, 3 years-42.7%
Price CAGR, 5 years-37.3%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on the one borrowings figure QuidelOrtho Corp. files, which has finance leases inside it; operating leases are a separate line. Nothing here is a valuation or a view.
QDELgreeksoup.ai
Daily prices to 9 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on QDEL

Filings21 in twelve months: 12 current reports (8-K), about 5 results of operations; 4 officer or director change; 3 regulation FD disclosure; 1 material agreement; 1 shareholder vote
Planned insider sales1 Form 144 notice in twelve months, $111,965; latest 25 November 2025
Options tapeput/call 1.31 by open interest at the 9 October 2026 close; the straddle prices a 11.9% move to 16 October 2026
13F holders6 of the followed funds hold it; largest FMR LLC; 19 Schedule 13D or 13G filings in twelve months
Insider trading1 sale and 8 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest15.0 million shares short, 10.98 days to cover at 30 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 5 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023 †Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue744743711637727708693614700724620631
Cost of revenue375361379361375382350339364403356358
Gross profit369381332276352326343275336320264273
Gross margin50%51%47%43%48%46%50%45%48%44%43%43%
R&D61.559.359.256.355.947.353.245.741.545.844.948.7
SG&A194188205188186188187178187194199190
Operating income26.340.1-1,758-11815.0-10032.6-181-705-66.3-31.8-21.8
Operating margin4%5%-247%-18%2%-14%5%-29%-101%-9%-5%-3%
Interest expensen/an/a39.041.042.940.640.040.546.151.051.154.7
Pre-tax income-15.5-9.2-1,799-163-28.8-141-8.8-230-757-112-79.5-81.2
Net income-12.77.0-1,706-148-19.9-178-12.7-255-733-131-91.8-92.9
Net margin-2%1%-240%-23%-3%-25%-2%-42%-105%-18%-15%-15%
Diluted EPS-$0.19$0.10-$25.50-$2.20-$0.30-$2.54-$0.19-$3.77-$10.78-$1.92-$1.35-$1.36
Operating cash flow41.580.4-0.7-97.911863.765.6-46.8-45.5132-33.0-111
Capital expenditure43.448.666.135.346.547.256.237.549.245.334.025.5
Free cash flow-1.931.8-66.8-13371.416.59.4-84.3-94.786.6-67.0-136
Shares outstanding67m67m67m67m67m67m68m68m68m68m68m68m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 6 fiscal years and the trailing twelve months

FY2020FY2021FY2022 †FY2023 †FY2024FY2025TTM
Revenue1,6621,6993,2662,9982,7832,7302,674
Cost of revenue3054201,3301,5031,4961,4561,482
Gross profit1,3561,2781,9361,4941,2861,2741,193
Gross margin81.6%75.3%59.3%49.8%46.2%46.7%44.6%
Research and development84.395.7188245219186181
Selling, general and administrative181240621763767746770
Operating income1,060906844139-1,961-919-825
Operating margin63.8%53.3%25.8%4.6%-70.5%-33.7%-30.8%
Interest expensen/an/a75.7148164178203
Pre-tax income1,040900736-29.1-2,132-1,108-1,030
Income tax230196187-19.0-79.524.118.4
Effective tax rate22.1%21.8%25.4%n/an/an/an/a
Net income810704549-10.1-2,052-1,132-1,048
Net margin48.8%41.5%16.8%-0.3%-73.7%-41.5%-39.2%
Diluted EPS$18.60$16.43$9.56-$0.15-$30.54-$16.69-$15.41
Filing10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment

FY2023FY2024FY2025Share
latest year
North America1,8771,6201,48954.5%
EMEA32733636113.2%
China31032533512.3%
JPAC27327929310.7%
Latin America2112232539.3%
North AmericaEMEAChinaJPACLatin America
2,998FY20232,783FY20242,730FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by region

FY2023FY2024FY2025Share
latest year
Domestic1,8291,5691,43752.6%
Foreign1,1681,2141,29447.4%
DomesticForeign
2,998FY20232,783FY20242,730FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2020FY2021FY2022 †FY2023 †FY2024FY2025TTM
Operating cash flow63080688528083.0105-57.2
Capital expenditure64.9293141209195188154
Free cash flow56551374470.9-112-83.0-211
Free cash flow margin34.0%30.2%22.8%2.4%-4.0%-3.0%-7.9%
Cash from investing-63.3-320-1,644-188-150-193-245
Cash from financing-130-173252-26648.8156273
Depreciation and amortisation48.852.7284457453442454
Share-based compensation21.025.448.451.642.145.944.3
Buybacks43.710474.37.20.00.0n/a
Diluted shares, weighted44m43m57m67m67m68m68m
Shares outstanding at period endn/a42m66m67m67m68m68m
Filing10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2020FY2021FY2022 †FY2023 †FY2024FY2025TTM
Funded by
Shareholders' equity1,3331,9294,9355,0062,9841,9201,775
Debtn/a0.72,6492,4232,4892,6982,535
Operating lease liabilitiesn/a129186173167154152
Finance lease liabilitiesn/a0.70.80.47.9n/an/a
Other liabilitiesn/a3711,0859617759971,252
Total liabilities and equityn/a2,4308,8568,5636,4245,7695,715
Owned
Fixed assetsn/a3491,3391,444n/an/an/a
Goodwilln/a3372,4772,4926500.0n/a
Intangible assetsn/a98.73,1242,9342,7362,5642,678
Investmentsn/a63.673.155.80.0n/an/a
Cash and equivalents49080329311998.3170123
Receivablesn/a378454303282417352
Inventoryn/a199524578534578619
Other assetsn/a2025726372,1242,0411,943
Total assetsn/a2,4308,8568,5636,4245,7695,715
Filing10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/a10.4%-5.8%-2.5%
Profit growth, compoundedn/an/an/an/a
Return on equity, averagen/a-16.1%-42.6%-58.9%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was QuidelOrtho's revenue in fiscal 2025?

QuidelOrtho (QDEL) reported revenue of $2.7 billion for fiscal 2025, the year ended 28 December 2025, down 1.9% on the year before.

How much did QuidelOrtho earn in fiscal 2025?

Net loss was $1.1 billion for fiscal 2025, and the diluted loss per share $16.69.

What is QuidelOrtho's market cap?

The market cap of QuidelOrtho was $916 million at the close of 9 October 2026.

How much debt does QuidelOrtho have?

At 28 June 2026 QuidelOrtho carried $2.5 billion of debt and $123 million of cash.

Peers: Pharmaceutical Products

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
IDEXX Laboratories Inc. IDXX$40.9 billion36.4370.7%32.0%12.8%0.60n/a
Lantheus Holdings, Inc. LNTH$6.5 billion24.1921.0%19.4%2.3%0.43n/a
Neogen Corp. NEOG$2.6 billionn/a-2.7%-0.8%-0.3%0.37n/a
Xencor Inc. XNCR$1.8 billionn/a-32.5%-205.8%-28.6%0.15n/a
Schrodinger, Inc. SDGR$1.7 billionn/a-16.5%-59.2%8.9%0.00n/a
ANI Pharmaceuticals Inc. ANIP$1.7 billion15.7318.1%15.4%30.9%1.02n/a
Phibro Animal Health Corp. PAHC$1.6 billion15.7625.9%12.8%17.1%1.911.3%
Innoviva, Inc. INVA$1.5 billion5.1729.0%36.9%18.8%0.210.0%
Pacira BioSciences, Inc. PCRX$1.4 billion103.762.2%2.7%5.7%0.54n/a
Amphastar Pharmaceuticals, Inc. AMPH$1.1 billion15.7610.2%15.7%1.0%0.79n/a
QuidelOrtho Corp. QDEL$916 millionn/a-59.1%-30.8%-2.5%1.43n/a
Collegium Pharmaceutical, Inc. COLL$717 million17.7915.4%19.5%14.3%3.50n/a
All 70 in Pharmaceutical Products
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Eli Lilly & Co. LLY$1.11 trillion39.5578.8%n/a49.6%1.410.5%
Johnson & Johnson JNJ$630.1 billion30.3024.8%n/a8.1%0.442.0%
AbbVie Inc. ABBV$488.4 billion78.08n/a26.2%10.4%n/a2.5%
Merck & Co., Inc. MRK$359.1 billion116.467.6%n/a4.6%1.292.3%
Novartis AG NVS *$274.2 billion20.1030.3%n/a8.4%0.622.9%
AstraZeneca PLC AZN *$246.9 billion24.3421.0%23.4%8.6%0.572.0%
Amgen Inc. AMGN$224.3 billion25.7974.8%30.0%9.1%4.901.8%
Gilead Sciences, Inc. GILD$187.6 billionn/a-27.4%-8.2%5.5%2.222.1%
Abbott Laboratories ABT$173.5 billion32.2310.6%15.8%8.1%0.582.4%
Novo Nordisk A/S NVO *$172.4 billion11.1652.8%41.3%6.4%0.674.5%
Pfizer Inc. PFE$161.1 billion37.205.1%n/a-0.2%0.716.1%
Vertex Pharmaceuticals Inc. VRTX$129.3 billion29.7021.8%38.0%10.2%0.00n/a
Bristol-Myers Squibb Co. BMY$120.7 billion13.0241.6%24.2%3.1%1.924.2%
Sanofi SNY *$97.7 billion11.1710.9%n/a6.2%0.265.5%
GSK plc GSK *$93.3 billion12.6634.9%24.3%4.1%1.083.6%
Moderna, Inc. MRNA$89.8 billionn/a-46.6%-149.0%-27.6%0.09n/a
Regeneron Pharmaceuticals, Inc. REGN$79.1 billion18.4513.7%24.7%9.3%0.060.5%
Takeda Pharmaceutical Company Limited TAK *$59.2 billionn/a-2.1%0.1%-1.7%0.663.5%
argenx SE ARGX *$51.1 billion42.1617.6%n/a89.9%0.00n/a
Teva Pharmaceutical Industries Ltd. TEVA$47.9 billion68.459.1%9.3%4.1%2.140.0%
IDEXX Laboratories Inc. IDXX$40.9 billion36.4370.7%32.0%12.8%0.60n/a
Biogen Inc. BIIB$33.3 billion39.954.4%10.1%0.3%0.39n/a
Zoetis Inc. ZTS$31.0 billion12.3283.1%n/a1.5%2.872.7%
Roivant Sciences Ltd. ROIV$25.6 billionn/a-6.3%-7,914.8%-67.6%0.00n/a
BioNTech SE BNTX *$24.4 billionn/a-5.9%-49.0%4.3%0.01n/a
Genmab A/S GMAB *$23.8 billion24.1116.5%28.6%19.2%0.90n/a
United Therapeutics Corp. UTHR$23.5 billion19.6620.5%44.4%2.5%0.00n/a
Viatris Inc. VTRS$20.3 billionn/a-2.9%-0.6%4.4%0.812.7%
Exelixis, Inc. EXEL$14.9 billion18.8246.7%39.9%9.2%0.00n/a
Neurocrine Biosciences Inc. NBIX$14.5 billion20.8819.1%23.6%34.4%0.00n/a
Jazz Pharmaceuticals plc JAZZ$14.2 billion15.0619.6%19.5%12.6%0.91n/a
Corcept Therapeutics Inc. CORT$13.1 billion288.387.8%0.8%16.0%0.00n/a
Halozyme Therapeutics, Inc. HALO$12.6 billion32.96288.1%35.9%41.2%13.50n/a
Elanco Animal Health Inc. ELAN$11.4 billionn/a-3.0%n/a12.0%0.56n/a
Bio-Techne Corp. TECH$11.3 billion63.028.6%20.7%-0.4%0.090.4%
Biomarin Pharmaceutical Inc. BMRN$10.6 billion148.111.2%4.4%11.2%0.66n/a
Dr. Reddy’s Laboratories Limited RDY *$10.4 billion23.3411.4%15.0%3.2%0.210.7%
Krystal Biotech, Inc. KRYS$9.8 billion41.5817.8%44.9%22.6%0.00n/a
Repligen Corp. RGEN$9.8 billion238.142.0%8.2%16.5%0.26n/a
Protagonist Therapeutics, Inc. PTGX$9.3 billion139.569.9%20.7%34.8%0.00n/a
Arrowhead Pharmaceuticals, Inc. ARWR$8.9 billionn/a-68.7%-33.8%16.8%1.47n/a
Cytokinetics Inc. CYTK$8.7 billionn/an/a-1,046.1%-21.1%n/an/a
TG Therapeutics, Inc. TGTX$8.5 billion20.2173.1%17.1%76.1%1.23n/a
Alkermes plc. ALKS$6.8 billion106.923.7%7.0%10.8%0.84n/a
Lantheus Holdings, Inc. LNTH$6.5 billion24.1921.0%19.4%2.3%0.43n/a
Ligand Pharmaceuticals Inc. LGND$6.0 billion32.2820.4%32.6%54.9%1.16n/a
PTC Therapeutics, Inc. PTCT$5.4 billionn/an/a12.5%-42.8%n/an/a
Indivior Pharmaceuticals, Inc. INDV$4.2 billionn/an/an/a13.5%n/an/a
Organon & Co. OGN$3.6 billion17.9320.8%n/a-2.5%8.502.5%
Acadia Pharmaceuticals Inc. ACAD$3.4 billion8.9129.1%7.6%11.8%0.00n/a
Arcus Biosciences, Inc. RCUS$3.1 billionn/a-99.1%-415.4%-55.3%0.22n/a
Neogen Corp. NEOG$2.6 billionn/a-2.7%-0.8%-0.3%0.37n/a
Supernus Pharmaceuticals, Inc. SUPN$2.5 billionn/a-10.7%-15.7%24.9%0.00n/a
Liquidia Corp. LQDA$2.4 billion19.9971.0%37.4%2,233.6%0.00n/a
Harmony Biosciences Holdings, Inc. HRMY$2.3 billion13.0918.1%24.0%24.3%0.15n/a
Adma Biologics, Inc. ADMA$2.3 billion14.8041.4%43.8%8.0%0.48n/a
Prestige Consumer Healthcare Inc. PBH$2.3 billion13.529.0%26.3%-1.4%1.05n/a
Perrigo Co. plc PRGO$2.1 billionn/a-69.0%-37.7%-4.2%1.317.7%
Vericel Corp. VCEL$2.1 billion85.356.5%6.0%23.0%0.00n/a
Vir Biotechnology, Inc. VIR$2.0 billionn/a-25.6%-92.4%1,495.9%0.00n/a
Sarepta Therapeutics, Inc. SRPT$1.9 billionn/a-8.9%-7.3%-20.4%0.55n/a
Xencor Inc. XNCR$1.8 billionn/a-32.5%-205.8%-28.6%0.15n/a
Schrodinger, Inc. SDGR$1.7 billionn/a-16.5%-59.2%8.9%0.00n/a
ANI Pharmaceuticals Inc. ANIP$1.7 billion15.7318.1%15.4%30.9%1.02n/a
Phibro Animal Health Corp. PAHC$1.6 billion15.7625.9%12.8%17.1%1.911.3%
Innoviva, Inc. INVA$1.5 billion5.1729.0%36.9%18.8%0.210.0%
Pacira BioSciences, Inc. PCRX$1.4 billion103.762.2%2.7%5.7%0.54n/a
Amphastar Pharmaceuticals, Inc. AMPH$1.1 billion15.7610.2%15.7%1.0%0.79n/a
QuidelOrtho Corp. QDEL$916 millionn/a-59.1%-30.8%-2.5%1.43n/a
Collegium Pharmaceutical, Inc. COLL$717 million17.7915.4%19.5%14.3%3.50n/a
3 companies share its SEC industry code (In Vitro & In Vivo Diagnostic Substances); the rest are the names nearest in size in its wider industry, Pharmaceutical Products, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q28 June 20267 August 2026EDGAR
10-Q29 March 20266 May 2026EDGAR
10-K28 December 202519 February 2026EDGAR
10-Q28 September 20256 November 2025EDGAR
10-Q29 June 20256 August 2025EDGAR
10-Q30 March 20258 May 2025EDGAR
10-K29 December 202427 February 2025EDGAR
10-Q29 September 20248 November 2024EDGAR
10-Q30 June 20241 August 2024EDGAR
10-K/A31 December 20231 August 2024EDGAR

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