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NASDAQ · IN VITRO & IN VIVO DIAGNOSTIC SUBSTANCES · LARGE CAP

QuidelOrtho Corp. QDEL

6 fiscal years on record · USD · FY2025 reported · SEC filings only
$2.7B
▼ 1.9% YoY
$-1.1B
$-83.0M

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

QuidelOrtho sells its products directly to end users through a direct sales force and through a network of distributors, for use in settings that include physician offices, hospitals, clinical and reference laboratories, urgent care clinics, and blood banks and donor centers, as well as for individual, non-professional, over-the-counter use. As of December 28, 2025, the company had approximately 6,500 employees worldwide, with approximately 3,600 employees in the United States and approximately 2,900 employees outside the United States. For the fiscal year ended 2025, one customer represented 11% of the company's total revenues. Its primary manufacturing facilities are located in Carlsbad, California; San Diego, California; Athens, Ohio; Raritan, New Jersey; Rochester, New York; Pompano Beach, Florida; and Pencoed, Wales, with an additional manufacturing facility in Changsha, China. The company generates its revenue across four business units: Labs, Transfusion Medicine, Point of Care and Molecular Diagnostics. The Transfusion Medicine business unit includes two product categories: Immunohematology instruments and tests used for blood typing and antibody identification, and Donor Screening instruments and tests used for blood and plasma screening for infectious diseases.

Written from the business description in QuidelOrtho Corp's annual report to the U.S. Securities and Exchange Commission, filed 19 February 2026. Every sentence was checked against that document before publication.

Growth

USD 2.7B
Revenue, FY2025 · full 6-year series below
Revenue $B Net income $B
FY2025 · Revenue 2.7 · Net income -1.1
2B3B-1B-2B
202020232025
Compound annual growth
−5.8%
+10.4%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +10.4% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−41 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -33.7% · Net -41.5%
20%40%60%-20%-40%-60%
202020222025
ROE
FY2025 · ROE -46.1%
20%40%60%-20%-40%
202020222025
Three returns, three denominators.

Each USD of equity lost 46 cents this year.

Cash & shareholders

USD 0.00
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -83.0
300M600M-50M-100M
202020222025
Net buybacks $M Dividends $M
FY2025 · Dividends · · Net buybacks -6.1
40M80M
202020212022202320242025

Total assetsUSD 5.8B
EquityUSD 1.9B
CashUSD 169.8M
Gross debtUSD 2.9B
Net debtUSD 2.7B
Current ratio1.50×

Net debt stands at 141% of equity.

The 6-year record

6 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
QDEL, 6-year financial record
Metric 202520242023202220212020
Revenue $B2.72.83.03.31.71.7
Operating income $B−0.9−2.00.10.80.91.1
EBITDA $B−0.5−1.50.61.11.01.1
Income tax $B0.0−0.1−0.00.20.20.2
Net income $B−1.1−2.1−0.00.50.70.8
Free cash flow $B−0.1−0.10.10.70.50.6
EPS, diluted $−16.69−30.54−0.159.5616.4318.60
Dividend / sh $◌◌◌◌◌◌
Payout % — not applicable: no dividend——————
ROE %−46.1−51.4−0.216.043.260.8
Shares out B0.070.070.070.070.04◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

Compare

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Provenance

Company facts, as filed

How we verify · 0 failures in 22 reconciliationsAUDITED

Reconciled in 6 of the 6 fiscal years we could check. 28 checks were skipped: the balance sheet is not tagged before 2021. 13 checks were skipped: EPS is not tagged before 2020. 13 checks were skipped: revenue is not tagged before 2020.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityIn Vitro & In Vivo Diagnostic Substances
Listed onNASDAQ
Incorporated innot stated in the filings
Fiscal year endsJanuary 1
Data on record since2020

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