Quidel Corporation (QDEL)

Operating profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating income	US$ in thousands	-1,960,900	246,300	843,700	906,065	1,060,330
Revenue	US$ in thousands	2,782,900	2,993,500	3,266,000	1,698,550	1,661,670
Operating profit margin		-70.46%	8.23%	25.83%	53.34%	63.81%

December 31, 2024 calculation

Operating profit margin = Operating income ÷ Revenue
= $-1,960,900K ÷ $2,782,900K
= -70.46%

The operating profit margin of Quidel Corporation has shown significant fluctuations over the years based on the provided data.

- As of December 31, 2020, the operating profit margin was 63.81%, indicating that the company was able to retain a substantial portion of its revenue as profits after covering its operating expenses.
- By December 31, 2021, the operating profit margin decreased to 53.34%, although it remained relatively strong.
- However, by December 31, 2022, the operating profit margin dropped further to 25.83%, signaling a decrease in the company's ability to generate profits from its core operations.
- As of December 31, 2023, the operating profit margin fell significantly to 8.23%, highlighting potential challenges in the company's profitability.
- The data shows a notable negative operating profit margin of -70.46% by December 31, 2024, suggesting that Quidel Corporation may be experiencing operational difficulties and potentially incurring significant losses.

Overall, Quidel Corporation's operating profit margin has experienced fluctuation and downward trends in recent years, potentially indicating changing market conditions, operational inefficiencies, or other internal and external factors impacting the company's financial performance. Further analysis and investigation into the company's financial health and operational strategies may be necessary to understand the reasons behind these fluctuations.