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Stocks Comparison

QuidelOrtho vs Trinity Biotech: revenue, profit, margins and growth compared

QuidelOrtho brought in $2.7B of revenue in fiscal 2025, Trinity Biotech $61.6M in fiscal 2024. Revenue changed by -1.9% at QuidelOrtho and +8.3% at Trinity Biotech on the year before, so Trinity Biotech grew faster. QuidelOrtho kept -41.5% of its revenue as net profit, Trinity Biotech -51.6%. Free cash flow was -$83M at QuidelOrtho and -$4.6M at Trinity Biotech.

Side by side, latest fiscal year

QDELTRIB
Fiscal year endedFY2025 (December 28, 2025)FY2024 (December 31, 2024)
Revenue$2.7B$61.6M
Revenue growth-1.9%+8.3%
Net income-$1.1B-$31.8M
Net margin-41.5%-51.6%
Free cash flow-$83M-$4.6M
Free cash flow margin-3.0%-7.5%
Earnings per share (diluted)-$16.69n/a
Cash$169.8M$5.2M
Debt$2.7Bn/a
Price to earningsn/an/a
Market value$750.2M$5.5M
Dividend yieldn/an/a
Rank by revenue in sector#91 of 646 · Health care#358 of 646 · Health care

Over the years

Revenue
QDEL FY2020: $1.7BQDEL FY2022: $1.7BQDEL FY2022: $3.3BQDEL FY2023: $3BQDEL FY2024: $2.8BQDEL FY2025: $2.7BTRIB FY2017: $99.1MTRIB FY2018: $97MTRIB FY2019: $90.4MTRIB FY2020: $102MTRIB FY2021: $81.1MTRIB FY2022: $62.5MTRIB FY2023: $56.8MTRIB FY2024: $61.6MFY17FY18FY19FY20FY21FY22FY23FY24FY25
QDEL $2.7BTRIB $61.6M
Net income
QDEL FY2020: $810.3MQDEL FY2022: $704.2MQDEL FY2022: $548.7MQDEL FY2023: -$10.1MQDEL FY2024: -$2.1BQDEL FY2025: -$1.1BTRIB FY2017: -$40.3MTRIB FY2018: -$22.1MTRIB FY2019: -$28.9MTRIB FY2020: -$6.4MTRIB FY2021: $875KTRIB FY2022: -$41MTRIB FY2023: -$24MTRIB FY2024: -$31.8MFY17FY18FY19FY20FY21FY22FY23FY24FY25
QDEL -$1.1BTRIB -$31.8M
Net margin
QDEL FY2020: 48.8%QDEL FY2022: 41.5%QDEL FY2022: 16.8%QDEL FY2023: -0.3%QDEL FY2024: -73.7%QDEL FY2025: -41.5%TRIB FY2017: -40.6%TRIB FY2018: -22.8%TRIB FY2019: -32.0%TRIB FY2020: -6.3%TRIB FY2021: 1.1%TRIB FY2022: -65.6%TRIB FY2023: -42.3%TRIB FY2024: -51.6%FY17FY18FY19FY20FY21FY22FY23FY24FY25
QDEL -41.5%TRIB -51.6%
Revenue growth
QDEL FY2022: +2.2%QDEL FY2022: +92.3%QDEL FY2023: -8.2%QDEL FY2024: -7.2%QDEL FY2025: -1.9%TRIB FY2018: -2.1%TRIB FY2019: -6.8%TRIB FY2020: +12.8%TRIB FY2021: -20.4%TRIB FY2022: -23.0%TRIB FY2023: -9.1%TRIB FY2024: +8.3%FY18FY19FY20FY21FY22FY23FY24FY25
QDEL -1.9%TRIB +8.3%
Free cash flow
QDEL FY2020: $564.8MQDEL FY2022: $513.1MQDEL FY2022: $744.4MQDEL FY2023: $70.9MQDEL FY2024: -$112.1MQDEL FY2025: -$83MTRIB FY2017: $4.4MTRIB FY2018: -$299KTRIB FY2019: $3.3MTRIB FY2020: $20.6MTRIB FY2021: $11.4MTRIB FY2022: -$2MTRIB FY2023: -$12.4MTRIB FY2024: -$4.6MFY17FY18FY19FY20FY21FY22FY23FY24FY25
QDEL -$83MTRIB -$4.6M

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

Questions about QuidelOrtho and Trinity Biotech

Which is bigger by revenue, QuidelOrtho or Trinity Biotech?

QuidelOrtho is bigger by revenue: $2.7B in fiscal 2025, against $61.6M for Trinity Biotech in fiscal 2024.

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

QuidelOrtho had a net margin of -41.5% in fiscal 2025; Trinity Biotech had -51.6% in fiscal 2024.

Which grew revenue faster, QuidelOrtho or Trinity Biotech?

In their latest fiscal years revenue changed by -1.9% at QuidelOrtho and +8.3% at Trinity Biotech.

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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