Quidel Corporation (QDEL)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,286,500 | 1,283,400 | 1,936,000 | 1,270,900 | 1,348,860 |
| Revenue | US$ in thousands | 2,782,900 | 2,993,500 | 3,266,000 | 1,698,550 | 1,661,670 |
| Gross profit margin | 46.23% | 42.87% | 59.28% | 74.82% | 81.17% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,286,500K ÷ $2,782,900K
= 46.23%
Quidel Corporation's gross profit margin has shown a declining trend over the past five years, decreasing from 81.17% as of December 31, 2020, to 46.23% as of December 31, 2024. This indicates that the company's cost of goods sold has been increasing at a faster pace than its revenues during this period.
The significant drop in the gross profit margin from 2020 to 2024 may raise concerns about the company's ability to generate profits from its core business activities. Management should closely monitor and address the factors contributing to the declining gross profit margin to ensure the sustainability of the company's profitability in the future.
It's essential for investors and stakeholders to further investigate the reasons behind this downward trend and assess the company's strategies to improve its cost structure and revenue generation capabilities moving forward.
Peer comparison
Dec 31, 2024