QDELNasdaqIn Vitro & In Vivo Diagnostic SubstancesUS GAAP · USD

QuidelOrtho Corp

QuidelOrtho Corp develops and markets diagnostic testing products used to detect, monitor, and help manage disease across clinical and decentralized care settings. Its portfolio spans immunoassay, molecular testing, clinical chemistry, transfusion medicine, and point-of-care systems, with sales and operations across the United States and a global network serving more than 140 countries and territories.

Liikevaihto2 730milj. USD
−1,9 %v/v
Liikevoitto (EBIT)−919milj. USD
+53,1 %v/v
EBIT-marginaali−33,7%
+36,8 %-yks.v/v
Nettotulos−1 132milj. USD
+44,8 %v/v
Vapaa kassavirta−83,0milj. USD
+26,0 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2021–2025

−2 000−1 00001 0002 0003 000milj. USD2021: 1 662 milj. USD2021: EBIT 1 060 milj. USD20212022: 1 699 milj. USD2022: EBIT 906 milj. USD20222023: 2 998 milj. USD2023: EBIT 139 milj. USD20232024: 2 783 milj. USD2024: EBIT −1 961 milj. USD20242025: 2 730 milj. USD2025: EBIT −919 milj. USD20252 730−919
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Point of Care35 %

Rapid diagnostic systems and assays used at or near the patient.

Labs25 %

Central laboratory diagnostic instruments, reagents, and workflows.

Transfusion Medicine20 %

Immunohematology and donor screening products for blood banks.

Molecular Diagnostics15 %

Molecular tests and related platforms for infectious disease and other uses.

Non-core revenue5 %

Contract manufacturing and business collaborations outside core product sales.

Asiakkaat

QuidelOrtho sells to a mix of direct end users and distributors serving hospitals, clinical laboratories, physician offices, urgent care clinics, blood banks, donor centers, pharmacies, and other point-of-care settings. It also serves individual consumers through certain OTC products, while a meaningful portion of revenue comes through distributors that reach fragmented healthcare markets.

Distributors

Buy and resell diagnostic products into multiple healthcare channels; important for reach in fragmented markets.

Hospitals and clinical laboratories

Purchase lab and molecular diagnostics for routine and specialized testing workflows.

Physician offices and urgent care clinics

Buy rapid point-of-care tests for fast clinical decisions at the site of care.

Blood banks and donor centers

Use transfusion medicine and donor screening products to support blood safety and compatibility testing.

Retail and OTC end users

Buy selected consumer-facing tests for self-use or retail screening applications.

Strategia

QuidelOrtho’s strategy centers on broadening its diagnostic portfolio, supporting customers with direct service and distribution coverage, and using its installed commercial and manufacturing footprint to reach both developed and emerging markets. The company also emphasizes product validation, health-economic evidence, and service quality to reinforce adoption in point-of-care, laboratory, and transfusion medicine channels.

Broaden and support the core diagnostic portfolioKeskipitkä aikaväli

A wider test menu helps retain customers and cross-sell across care settings.

Maintain strong commercial coverage by regionLyhyt aikaväli

Channel mix must fit local market structure, especially in fragmented markets.

Protect supply reliability and manufacturing flexibilityKeskipitkä aikaväli

Diagnostic customers depend on consistent product availability and quality.

Maantiede

QuidelOrtho operates globally, with manufacturing facilities in the U.S., U.K., and China and commercial support across more than 140 countries and territories. Its reportable operating structure is organized around North America, EMEA, China, JPAC, and Latin America, with developed markets served more directly and emerging markets often served through distributors.

Riskit

QuidelOrtho faces competition across multiple diagnostic categories, and demand can be concentrated in a small number of products, customers, and distributors. Its business is also exposed to supply chain disruption, regulatory and legal issues, and volatility in respiratory testing demand, while goodwill impairment and debt service add financial and accounting sensitivity.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Customer and distributor concentration1Respiratory testing demand volatility2Supply chain and manufacturing disruption3Competitive pressure5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Customer and distributor concentrationVaikutus: KorkeaTodennäköisyys: Kohtalainen

    A small number of distributors and direct customers account for a meaningful share of revenue.

    Kohdistuu: Loss of a key distributor or customer could reduce sales and market access.

  2. Respiratory testing demand volatilityVaikutus: KorkeaTodennäköisyys: Kohtalainen

    A significant portion of revenue comes from respiratory products, including COVID-19 and flu tests.

    KohdistuuDemand can fall quickly as infection ratesTesting behaviorReimbursement change
  3. Supply chain and manufacturing disruptionVaikutus: KorkeaTodennäköisyys: Kohtalainen

    The company relies on raw materials, components, and multi-country manufacturing.

    KohdistuuInterruptions can affect product availabilityService levelsCustomer retention
  4. Goodwill impairmentVaikutus: Korkea

    Reporting unit fair values depend on revenue growth, margins, discount rates, and market multiples.

    Kohdistuu: Non-cash charges can be large when market capitalization or forecasts decline.

  5. Competitive pressureVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    The diagnostics market is highly competitive across point-of-care, lab, and molecular testing.

    KohdistuuCompetition can affect pricingProduct launchesDistributor relationships

Kirjanpito

Harkinnanvaraiset erät
Goodwill impairment

Management uses discounted cash flow and market multiple methods with significant assumptions.

Vaikutus: Can produce large non-cash charges when market value or outlook weakens.

Revenue concentration and channel mix

A few products, customers and distributors drive a meaningful share of revenue.

Vaikutus: Quarterly results can vary with respiratory demand and distributor ordering patterns.

Non-core revenue and collaboration accounting

Contract manufacturing and business collaborations are separate from core product sales.

Vaikutus: Can affect mix, margins and comparability across periods.

Legal and contract-related accruals

The company recorded contract termination costs and legal accruals in recent periods.

Vaikutus: These items can materially affect operating expense and earnings in a given year.

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 24.9.2026