Thermo Fisher Scientific (TMO) EBIT Margin (2009 - 2026)

Thermo Fisher Scientific (TMO) posted quarterly EBIT Margin of 17.4% for Q2 2026, up 50.0% year-over-year from 11.6% in Q2 2025, and up 2.79% on a QoQ basis from 16.93% in Q1 2026.

Thermo Fisher Scientific (TMO) EBIT Margin (2009 - 2026) Analysis & Trends

Thermo Fisher Scientific has reported EBIT Margin for 18 years, with the latest figure at 17.4% in Q2 2026.

  • EBIT Margin for Q2 2026 came in at 17.4%, up 50.0% year-over-year; the trailing twelve-month figure through Jun 2026 was 17.58% (up 45.0% YoY), and the FY2025 annual result was 17.38%, up 27.0% from the prior year.
  • EBIT Margin rose to 17.4% in Q2 2026, from 16.93% in the prior quarter.
  • Over five years, EBIT Margin peaked at 23.87% in Q2 2022 and troughed at 14.59% in Q2 2023.
  • A 5-year average of 17.25% and a median of 17.15% in 2023 frame the typical range for EBIT Margin.
  • The widest annual swing landed in 2023, when EBIT Margin slumped 928 bps; it then jumped 250 bps in 2024.
  • A 5-year view of EBIT Margin shows it stood at 16.25% in 2022, then climbed by 5 bps to 17.03% in 2023, then advanced by 4 bps to 17.69% in 2024, then grew by 4 bps to 18.46% in 2025, then dropped by 6 bps to 17.4% in 2026.
  • Per Business Quant data, the three most recent EBIT Margin figures were 17.4% in Q2 2026, 16.93% in Q1 2026, and 18.46% in Q4 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBIT Margin (Qtr)
1 Thermo Fisher Scientific 213.92 Bn 209.86 Bn 8.34 Bn 17.40%
2 Danaher 140.37 Bn 136.02 Bn 3.61 Bn 17.99%
3 Idexx Laboratories 46.17 Bn 45.97 Bn 779.09 Mn 34.98%
4 Agilent Technologies 39.76 Bn 37.96 Bn 990.00 Mn 21.74%
5 Iqvia Holdings 39.41 Bn 37.33 Bn 1.44 Bn 11.58%
6 Natera 38.75 Bn 37.65 Bn 696.04 Mn -13.42%
7 Illumina 30.07 Bn 28.90 Bn 770.00 Mn 21.14%
8 Mettler Toledo International 28.62 Bn 28.56 Bn 650.22 Mn 31.97%
9 Quest Diagnostics 26.15 Bn 25.53 Bn 1.03 Bn 15.08%
10 Labcorp Holdings 25.87 Bn 24.89 Bn 1.01 Bn 10.76%

Historic Data

Download Data
DateValue
Jun 27, 2026 17.40%
Mar 28, 2026 16.93%
Dec 31, 2025 18.46%
Sep 27, 2025 17.45%
Jun 28, 2025 16.90%
Mar 29, 2025 16.56%
Dec 31, 2024 17.69%
Sep 28, 2024 17.34%
Jun 29, 2024 17.27%
Mar 30, 2024 16.08%
Dec 31, 2023 17.03%
Sep 30, 2023 17.63%
Jul 1, 2023 14.77%
Apr 1, 2023 14.59%
Dec 31, 2022 16.25%
Oct 1, 2022 16.02%
Jul 2, 2022 18.24%
Apr 2, 2022 23.87%
Dec 31, 2021 23.72%
Oct 2, 2021 24.42%