Quidel Corporation (QDEL)

Operating 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
Operating income (ttm)	US$ in thousands	-109,800	30,700	42,000	45,400	139,100	185,500	246,600	430,900	951,957	1,242,186	1,436,627	1,302,533	906,065	1,146,412	1,172,530	1,232,887	1,060,326	478,313	191,036	113,191
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
Operating profit margin		-3.95%	1.09%	1.48%	1.59%	4.64%	5.94%	7.80%	13.86%	29.15%	40.91%	52.01%	56.01%	53.34%	61.28%	63.82%	66.20%	63.81%	47.61%	29.16%	20.16%

December 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-109,800K ÷ $2,780,900K
= -3.95%

The operating profit margin of Quidel Corporation has shown a declining trend over the past few years. Starting at a relatively healthy level of 20.16% in March 2020, the margin steadily increased to reach its peak at 66.20% in March 2021. However, since then, there has been a notable decrease in the operating profit margin, dropping to 1.48% by June 30, 2024.

This downward trend indicates a potential deterioration in the company's ability to generate profits from its core operations. It is crucial for Quidel Corporation to address the factors that have contributed to this decline in order to improve its financial performance and sustain long-term profitability.