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Side-by-side financial comparison of Arhaus, Inc. (ARHS) and QuidelOrtho Corp (QDEL). Click either name above to swap in a different company.

QuidelOrtho Corp is the larger business by last-quarter revenue ($619.8M vs $364.8M, roughly 1.7× Arhaus, Inc.). Arhaus, Inc. runs the higher net margin — 4.1% vs -14.8%, a 18.9% gap on every dollar of revenue. On growth, Arhaus, Inc. posted the faster year-over-year revenue change (5.1% vs -10.5%). Over the past eight quarters, Arhaus, Inc.'s revenue compounded faster (11.2% CAGR vs -6.6%).

Arhaus, Inc. is an upscale American home furnishings company headquartered in Boston Heights, Ohio. Founded in 1986 with a focus on sustainability and artisanship in product quality, Arhaus provides a diversified assortment of specialty goods and services addressing omnichannel direct-to-consumer and business-to-business residential and commercial operations.

QuidelOrtho Corporation is an American manufacturer of diagnostic healthcare products that are sold worldwide.

ARHS vs QDEL — Head-to-Head

Bigger by revenue
QDEL
QDEL
1.7× larger
QDEL
$619.8M
$364.8M
ARHS
Growing faster (revenue YoY)
ARHS
ARHS
+15.7% gap
ARHS
5.1%
-10.5%
QDEL
Higher net margin
ARHS
ARHS
18.9% more per $
ARHS
4.1%
-14.8%
QDEL
Faster 2-yr revenue CAGR
ARHS
ARHS
Annualised
ARHS
11.2%
-6.6%
QDEL

Income Statement — Q4 FY2025 vs Q1 FY2027

Metric
ARHS
ARHS
QDEL
QDEL
Revenue
$364.8M
$619.8M
Net Profit
$15.1M
$-91.8M
Gross Margin
38.1%
Operating Margin
5.6%
Net Margin
4.1%
-14.8%
Revenue YoY
5.1%
-10.5%
Net Profit YoY
-29.1%
EPS (diluted)
$0.11
$-1.35

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ARHS
ARHS
QDEL
QDEL
Q1 26
$619.8M
Q4 25
$364.8M
Q3 25
$344.6M
$699.9M
Q2 25
$358.4M
$613.9M
Q1 25
$311.4M
$692.8M
Q4 24
$347.0M
$707.8M
Q3 24
$319.1M
$727.1M
Q2 24
$309.8M
$637.0M
Net Profit
ARHS
ARHS
QDEL
QDEL
Q1 26
$-91.8M
Q4 25
$15.1M
Q3 25
$12.2M
$-733.0M
Q2 25
$35.1M
$-255.4M
Q1 25
$4.9M
$-12.7M
Q4 24
$21.3M
$-178.4M
Q3 24
$9.9M
$-19.9M
Q2 24
$22.2M
$-147.7M
Gross Margin
ARHS
ARHS
QDEL
QDEL
Q1 26
Q4 25
38.1%
Q3 25
38.7%
Q2 25
41.4%
Q1 25
37.1%
Q4 24
40.0%
Q3 24
38.6%
Q2 24
40.1%
Operating Margin
ARHS
ARHS
QDEL
QDEL
Q1 26
Q4 25
5.6%
Q3 25
4.8%
-100.7%
Q2 25
13.0%
-29.4%
Q1 25
1.7%
4.7%
Q4 24
8.2%
-14.2%
Q3 24
3.3%
2.1%
Q2 24
9.5%
-18.4%
Net Margin
ARHS
ARHS
QDEL
QDEL
Q1 26
-14.8%
Q4 25
4.1%
Q3 25
3.5%
-104.7%
Q2 25
9.8%
-41.6%
Q1 25
1.6%
-1.8%
Q4 24
6.1%
-25.2%
Q3 24
3.1%
-2.7%
Q2 24
7.2%
-23.2%
EPS (diluted)
ARHS
ARHS
QDEL
QDEL
Q1 26
$-1.35
Q4 25
$0.11
Q3 25
$0.09
$-10.78
Q2 25
$0.25
$-3.77
Q1 25
$0.03
$-0.19
Q4 24
$0.15
$-2.54
Q3 24
$0.07
$-0.30
Q2 24
$0.16
$-2.20

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ARHS
ARHS
QDEL
QDEL
Cash + ST InvestmentsLiquidity on hand
$253.4M
$140.4M
Total DebtLower is stronger
$2.5B
Stockholders' EquityBook value
$418.2M
$1.9B
Total Assets
$1.4B
$5.6B
Debt / EquityLower = less leverage
1.33×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARHS
ARHS
QDEL
QDEL
Q1 26
$140.4M
Q4 25
$253.4M
Q3 25
$262.2M
$98.1M
Q2 25
$234.8M
$151.7M
Q1 25
$214.4M
$127.1M
Q4 24
$197.5M
$98.3M
Q3 24
$177.7M
$143.7M
Q2 24
$174.2M
$107.0M
Total Debt
ARHS
ARHS
QDEL
QDEL
Q1 26
$2.5B
Q4 25
Q3 25
$2.5B
Q2 25
$2.1B
Q1 25
$2.1B
Q4 24
$2.1B
Q3 24
$2.2B
Q2 24
$2.2B
Stockholders' Equity
ARHS
ARHS
QDEL
QDEL
Q1 26
$1.9B
Q4 25
$418.2M
Q3 25
$400.4M
$2.0B
Q2 25
$385.6M
$2.8B
Q1 25
$348.8M
$3.0B
Q4 24
$343.7M
$3.0B
Q3 24
$320.6M
$3.2B
Q2 24
$309.3M
$3.2B
Total Assets
ARHS
ARHS
QDEL
QDEL
Q1 26
$5.6B
Q4 25
$1.4B
Q3 25
$1.4B
$5.7B
Q2 25
$1.3B
$6.4B
Q1 25
$1.3B
$6.5B
Q4 24
$1.2B
$6.4B
Q3 24
$1.2B
$6.8B
Q2 24
$1.2B
$6.7B
Debt / Equity
ARHS
ARHS
QDEL
QDEL
Q1 26
1.33×
Q4 25
Q3 25
1.23×
Q2 25
0.74×
Q1 25
0.70×
Q4 24
0.72×
Q3 24
0.68×
Q2 24
0.70×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ARHS
ARHS
QDEL
QDEL
Operating Cash FlowLast quarter
$9.3M
Free Cash FlowOCF − Capex
$-8.8M
FCF MarginFCF / Revenue
-2.4%
Capex IntensityCapex / Revenue
5.0%
Cash ConversionOCF / Net Profit
0.62×
TTM Free Cash FlowTrailing 4 quarters
$59.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARHS
ARHS
QDEL
QDEL
Q1 26
Q4 25
$9.3M
Q3 25
$46.1M
$-45.5M
Q2 25
$34.9M
$-46.8M
Q1 25
$46.5M
$65.6M
Q4 24
$31.7M
$63.7M
Q3 24
$31.1M
$117.9M
Q2 24
$47.5M
$-97.9M
Free Cash Flow
ARHS
ARHS
QDEL
QDEL
Q1 26
Q4 25
$-8.8M
Q3 25
$28.0M
$-94.7M
Q2 25
$20.9M
$-84.3M
Q1 25
$18.9M
$9.4M
Q4 24
$13.0M
$16.5M
Q3 24
$4.6M
$71.4M
Q2 24
$11.3M
$-133.2M
FCF Margin
ARHS
ARHS
QDEL
QDEL
Q1 26
Q4 25
-2.4%
Q3 25
8.1%
-13.5%
Q2 25
5.8%
-13.7%
Q1 25
6.1%
1.4%
Q4 24
3.7%
2.3%
Q3 24
1.4%
9.8%
Q2 24
3.6%
-20.9%
Capex Intensity
ARHS
ARHS
QDEL
QDEL
Q1 26
Q4 25
5.0%
Q3 25
5.3%
7.0%
Q2 25
3.9%
6.1%
Q1 25
8.9%
8.1%
Q4 24
5.4%
6.7%
Q3 24
8.3%
6.4%
Q2 24
11.7%
5.5%
Cash Conversion
ARHS
ARHS
QDEL
QDEL
Q1 26
Q4 25
0.62×
Q3 25
3.77×
Q2 25
1.00×
Q1 25
9.53×
Q4 24
1.49×
Q3 24
3.14×
Q2 24
2.14×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ARHS
ARHS

Sales Channel Retail$305.7M84%
Sales Channel E Commerce$59.2M16%

QDEL
QDEL

Labs$353.1M57%
Immunohematology$138.3M22%
Point of Care$112.8M18%
Molecular Diagnostics$7.8M1%

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