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Lantheus vs QuidelOrtho: revenue, profit, margins and growth compared

Lantheus brought in $1.5B of revenue in fiscal 2025, QuidelOrtho $2.7B in fiscal 2025. Revenue changed by +0.5% at Lantheus and -1.9% at QuidelOrtho on the year before, so Lantheus grew faster. Lantheus kept 15.2% of its revenue as net profit, QuidelOrtho -41.5%. Free cash flow was $354.1M at Lantheus and -$83M at QuidelOrtho.

Side by side, latest fiscal year

LNTHQDEL
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 28, 2025)
Revenue$1.5B$2.7B
Revenue growth+0.5%-1.9%
Net income$233.6M-$1.1B
Net margin15.2%-41.5%
Free cash flow$354.1M-$83M
Free cash flow margin23.0%-3.0%
Earnings per share (diluted)$3.41-$16.69
Cash$359.1M$169.8M
Debt$738K$2.7B
Price to earnings29.3n/a
Market value$6.5Bn/a
Dividend yieldn/an/a
Rank by revenue in sector#118 of 523 · Health care#90 of 523 · Health care

Over the years

Revenue
LNTH FY2018: $343.4MLNTH FY2019: $347.3MLNTH FY2020: $339.4MLNTH FY2021: $425.2MLNTH FY2022: $935.1MLNTH FY2023: $1.3BLNTH FY2024: $1.5BLNTH FY2025: $1.5BQDEL FY2020: $1.7BQDEL FY2022: $1.7BQDEL FY2022: $3.3BQDEL FY2023: $3BQDEL FY2024: $2.8BQDEL FY2025: $2.7BFY18FY19FY20FY21FY22FY23FY24FY25
LNTH $1.5BQDEL $2.7B
Net income
LNTH FY2018: $40.5MLNTH FY2019: $31.7MLNTH FY2020: -$13.5MLNTH FY2021: -$71.3MLNTH FY2022: $28.1MLNTH FY2023: $326.7MLNTH FY2024: $312.4MLNTH FY2025: $233.6MQDEL FY2020: $810.3MQDEL FY2022: $704.2MQDEL FY2022: $548.7MQDEL FY2023: -$10.1MQDEL FY2024: -$2.1BQDEL FY2025: -$1.1BFY18FY19FY20FY21FY22FY23FY24FY25
LNTH $233.6MQDEL -$1.1B
Net margin
LNTH FY2018: 11.8%LNTH FY2019: 9.1%LNTH FY2020: -4.0%LNTH FY2021: -16.8%LNTH FY2022: 3.0%LNTH FY2023: 25.2%LNTH FY2024: 20.4%LNTH FY2025: 15.2%QDEL FY2020: 48.8%QDEL FY2022: 41.5%QDEL FY2022: 16.8%QDEL FY2023: -0.3%QDEL FY2024: -73.7%QDEL FY2025: -41.5%FY18FY19FY20FY21FY22FY23FY24FY25
LNTH 15.2%QDEL -41.5%
Revenue growth
LNTH FY2019: +1.2%LNTH FY2020: -2.3%LNTH FY2021: +25.3%LNTH FY2022: +119.9%LNTH FY2023: +38.6%LNTH FY2024: +18.3%LNTH FY2025: +0.5%QDEL FY2022: +2.2%QDEL FY2022: +92.3%QDEL FY2023: -8.2%QDEL FY2024: -7.2%QDEL FY2025: -1.9%FY19FY20FY21FY22FY23FY24FY25
LNTH +0.5%QDEL -1.9%
Free cash flow
LNTH FY2018: $41.1MLNTH FY2019: $58.3MLNTH FY2020: $16.4MLNTH FY2021: $53.9MLNTH FY2022: $21.8MLNTH FY2023: $259.9MLNTH FY2024: $493.1MLNTH FY2025: $354.1MQDEL FY2020: $564.8MQDEL FY2022: $513.1MQDEL FY2022: $744.4MQDEL FY2023: $70.9MQDEL FY2024: -$112.1MQDEL FY2025: -$83MFY18FY19FY20FY21FY22FY23FY24FY25
LNTH $354.1MQDEL -$83M

Fiscal years as each company reports them; the two may end in different months.

Questions about Lantheus and QuidelOrtho

Which is bigger by revenue, Lantheus or QuidelOrtho?

QuidelOrtho is bigger by revenue: $2.7B in fiscal 2025, against $1.5B for Lantheus in fiscal 2025.

Which keeps more of its revenue as profit, Lantheus or QuidelOrtho?

Lantheus had a net margin of 15.2% in fiscal 2025; QuidelOrtho had -41.5% in fiscal 2025.

Which grew revenue faster, Lantheus or QuidelOrtho?

In their latest fiscal years revenue changed by +0.5% at Lantheus and -1.9% at QuidelOrtho.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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