Quidel Corporation (QDEL)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | -2,131,500 | -29,100 | 735,900 | 900,359 | 1,040,320 |
| Revenue | US$ in thousands | 2,782,900 | 2,993,500 | 3,266,000 | 1,698,550 | 1,661,670 |
| Pretax margin | -76.59% | -0.97% | 22.53% | 53.01% | 62.61% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $-2,131,500K ÷ $2,782,900K
= -76.59%
The pretax margin of Quidel Corporation has experienced fluctuations over the years, indicating changes in its profitability before taxes. From December 31, 2020, where the pretax margin stood at a robust 62.61%, there was a decline to 53.01% by December 31, 2021. Subsequently, the margin dropped significantly to 22.53% by December 31, 2022, suggesting potential challenges in maintaining profitability.
By December 31, 2023, the pretax margin turned negative, standing at -0.97%, indicating that the company's expenses exceeded its revenues before accounting for taxes. This trend continued to worsen, with the pretax margin plunging to -76.59% by December 31, 2024, signifying a substantial loss before tax considerations in that period. These fluctuations highlight the importance of closely monitoring and managing the company's cost structure and revenue generation to sustain profitability levels.
Peer comparison
Dec 31, 2024