Quidel Corporation (QDEL)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Gross profit (ttm)	US$ in thousands	1,179,700	1,173,600	1,189,400	1,262,300	1,433,100	1,562,100	1,601,500	1,642,600	1,933,958	1,974,300	1,940,208	1,708,894	1,270,895	1,483,047	1,493,258	1,535,823	1,348,855	742,201	434,441	344,869
Revenue (ttm)	US$ in thousands	2,780,900	2,815,700	2,832,600	2,861,400	2,997,800	3,121,700	3,161,500	3,109,800	3,265,960	3,036,327	2,762,263	2,325,473	1,698,551	1,870,887	1,837,209	1,862,353	1,661,668	1,004,643	655,077	561,575
Gross profit margin		42.42%	41.68%	41.99%	44.11%	47.81%	50.04%	50.66%	52.82%	59.22%	65.02%	70.24%	73.49%	74.82%	79.27%	81.28%	82.47%	81.17%	73.88%	66.32%	61.41%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,179,700K ÷ $2,780,900K
= 42.42%

The gross profit margin of Quidel Corporation has shown some fluctuations over the past few years. Starting with a robust level of 61.41% in March 2020, the margin improved steadily, reaching a peak of 82.47% in March 2021. However, there was a slight drop in the margin in the following quarters. From June 2021 to December 2021, the margin declined to 74.82%. The trend continued downwards, with the gross profit margin declining further to 47.81% by the end of December 2023, before experiencing a slight uptick to 42.42% by December 31, 2024.

Overall, the gross profit margin of Quidel Corporation has shown variability in recent years, potentially indicating changes in pricing strategies, production costs, or sales mix. It will be important for stakeholders to monitor these trends and assess the company's ability to maintain profitability in the face of changing market conditions.