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

QuidelOrtho Corp is the larger business by last-quarter revenue ($699.9M vs $651.6M, roughly 1.1× PROG Holdings, Inc.). PROG Holdings, Inc. runs the higher net margin — 5.5% vs -104.7%, a 110.3% gap on every dollar of revenue. On growth, PROG Holdings, Inc. posted the faster year-over-year revenue change (457.1% vs -3.7%). Over the past eight quarters, PROG Holdings, Inc.'s revenue compounded faster (4.9% CAGR vs -2.9%).

PROG Holdings, Inc. is a U.S.-based financial technology firm providing flexible lease-to-own and point-of-sale financing solutions to consumers. Operating primarily in the U.S. market, its core segments include retail partner financing, consumer lending, and payment services that help customers access electronics and household goods without traditional credit requirements.

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

PRG vs QDEL — Head-to-Head

Bigger by revenue
QDEL
QDEL
1.1× larger
QDEL
$699.9M
$651.6M
PRG
Growing faster (revenue YoY)
PRG
PRG
+460.9% gap
PRG
457.1%
-3.7%
QDEL
Higher net margin
PRG
PRG
110.3% more per $
PRG
5.5%
-104.7%
QDEL
Faster 2-yr revenue CAGR
PRG
PRG
Annualised
PRG
4.9%
-2.9%
QDEL

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
PRG
PRG
QDEL
QDEL
Revenue
$651.6M
$699.9M
Net Profit
$36.1M
$-733.0M
Gross Margin
Operating Margin
10.0%
-100.7%
Net Margin
5.5%
-104.7%
Revenue YoY
457.1%
-3.7%
Net Profit YoY
3.8%
-3583.4%
EPS (diluted)
$3.68
$-10.78

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
PRG
PRG
QDEL
QDEL
Q1 26
$651.6M
Q4 25
$525.4M
Q3 25
$595.1M
$699.9M
Q2 25
$604.7M
$613.9M
Q1 25
$684.1M
$692.8M
Q4 24
$558.9M
$707.8M
Q3 24
$606.1M
$727.1M
Q2 24
$592.2M
$637.0M
Net Profit
PRG
PRG
QDEL
QDEL
Q1 26
$36.1M
Q4 25
$40.5M
Q3 25
$33.1M
$-733.0M
Q2 25
$38.5M
$-255.4M
Q1 25
$34.7M
$-12.7M
Q4 24
$57.5M
$-178.4M
Q3 24
$84.0M
$-19.9M
Q2 24
$33.8M
$-147.7M
Operating Margin
PRG
PRG
QDEL
QDEL
Q1 26
10.0%
Q4 25
6.9%
Q3 25
9.0%
-100.7%
Q2 25
10.0%
-29.4%
Q1 25
8.2%
4.7%
Q4 24
8.9%
-14.2%
Q3 24
8.1%
2.1%
Q2 24
9.4%
-18.4%
Net Margin
PRG
PRG
QDEL
QDEL
Q1 26
5.5%
Q4 25
7.7%
Q3 25
5.6%
-104.7%
Q2 25
6.4%
-41.6%
Q1 25
5.1%
-1.8%
Q4 24
10.3%
-25.2%
Q3 24
13.9%
-2.7%
Q2 24
5.7%
-23.2%
EPS (diluted)
PRG
PRG
QDEL
QDEL
Q1 26
$3.68
Q4 25
$0.99
Q3 25
$0.82
$-10.78
Q2 25
$0.95
$-3.77
Q1 25
$0.83
$-0.19
Q4 24
$1.33
$-2.54
Q3 24
$1.94
$-0.30
Q2 24
$0.77
$-2.20

Balance Sheet & Financial Strength

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

Metric
PRG
PRG
QDEL
QDEL
Cash + ST InvestmentsLiquidity on hand
$69.4M
$98.1M
Total DebtLower is stronger
$2.5B
Stockholders' EquityBook value
$774.4M
$2.0B
Total Assets
$2.0B
$5.7B
Debt / EquityLower = less leverage
1.23×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PRG
PRG
QDEL
QDEL
Q1 26
$69.4M
Q4 25
$308.8M
Q3 25
$292.6M
$98.1M
Q2 25
$222.0M
$151.7M
Q1 25
$213.3M
$127.1M
Q4 24
$90.9M
$98.3M
Q3 24
$221.7M
$143.7M
Q2 24
$250.1M
$107.0M
Total Debt
PRG
PRG
QDEL
QDEL
Q1 26
Q4 25
$594.9M
Q3 25
$2.5B
Q2 25
$2.1B
Q1 25
$2.1B
Q4 24
$643.6M
$2.1B
Q3 24
$2.2B
Q2 24
$2.2B
Stockholders' Equity
PRG
PRG
QDEL
QDEL
Q1 26
$774.4M
Q4 25
$746.4M
Q3 25
$703.6M
$2.0B
Q2 25
$668.7M
$2.8B
Q1 25
$654.4M
$3.0B
Q4 24
$650.3M
$3.0B
Q3 24
$630.8M
$3.2B
Q2 24
$581.9M
$3.2B
Total Assets
PRG
PRG
QDEL
QDEL
Q1 26
$2.0B
Q4 25
$1.6B
Q3 25
$1.5B
$5.7B
Q2 25
$1.5B
$6.4B
Q1 25
$1.5B
$6.5B
Q4 24
$1.5B
$6.4B
Q3 24
$1.4B
$6.8B
Q2 24
$1.5B
$6.7B
Debt / Equity
PRG
PRG
QDEL
QDEL
Q1 26
Q4 25
0.80×
Q3 25
1.23×
Q2 25
0.74×
Q1 25
0.70×
Q4 24
0.99×
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
PRG
PRG
QDEL
QDEL
Operating Cash FlowLast quarter
$-45.5M
Free Cash FlowOCF − Capex
$-94.7M
FCF MarginFCF / Revenue
-13.5%
Capex IntensityCapex / Revenue
7.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-153.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PRG
PRG
QDEL
QDEL
Q1 26
Q4 25
$-54.9M
Q3 25
$110.0M
$-45.5M
Q2 25
$69.9M
$-46.8M
Q1 25
$209.9M
$65.6M
Q4 24
$-84.5M
$63.7M
Q3 24
$31.9M
$117.9M
Q2 24
$55.4M
$-97.9M
Free Cash Flow
PRG
PRG
QDEL
QDEL
Q1 26
Q4 25
$-57.5M
Q3 25
$106.5M
$-94.7M
Q2 25
$68.0M
$-84.3M
Q1 25
$208.0M
$9.4M
Q4 24
$-86.8M
$16.5M
Q3 24
$29.8M
$71.4M
Q2 24
$53.5M
$-133.2M
FCF Margin
PRG
PRG
QDEL
QDEL
Q1 26
Q4 25
-10.9%
Q3 25
17.9%
-13.5%
Q2 25
11.2%
-13.7%
Q1 25
30.4%
1.4%
Q4 24
-15.5%
2.3%
Q3 24
4.9%
9.8%
Q2 24
9.0%
-20.9%
Capex Intensity
PRG
PRG
QDEL
QDEL
Q1 26
Q4 25
0.5%
Q3 25
0.6%
7.0%
Q2 25
0.3%
6.1%
Q1 25
0.3%
8.1%
Q4 24
0.4%
6.7%
Q3 24
0.3%
6.4%
Q2 24
0.3%
5.5%
Cash Conversion
PRG
PRG
QDEL
QDEL
Q1 26
Q4 25
-1.36×
Q3 25
3.32×
Q2 25
1.82×
Q1 25
6.05×
Q4 24
-1.47×
Q3 24
0.38×
Q2 24
1.64×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PRG
PRG

Segment breakdown not available.

QDEL
QDEL

Labs$373.8M53%
Point Of Care$164.6M24%
Immunohematology$142.0M20%
Donor Screening$14.7M2%
Molecular Diagnostics$4.8M1%
Collaborative Arrangement Transaction With Party To Collaborative Arrangement$2.1M0%

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