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

Thermo Fisher Scientific (TMO) posted EBITDA Margin of 16.93% for Q1 2026, down 8.3% quarter-over-quarter from 18.46% in Q4 2025, and up 37.0% year-on-year from 12.36% in Q1 2025.

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

Thermo Fisher Scientific (TMO) has reported EBITDA Margin for 18 consecutive years, with 16.93% the latest figure, recorded in Q1 2026.

  • EBITDA Margin for Q1 2026 came in at 16.93%, up 37.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 17.46% (up 24.0% YoY), and the FY2025 annual result was 17.38%, up 27.0% from the prior year.
  • EBITDA Margin was 16.93% for Q1 2026 at Thermo Fisher Scientific, down from 18.46% in the prior quarter.
  • Over five years, EBITDA Margin peaked at 23.87% in Q2 2022 and troughed at 14.59% in Q2 2023.
  • Average EBITDA Margin over 5 years is 17.24%, with a median of 17.03% recorded in 2023.
  • Year-over-year, EBITDA Margin sank 928 bps in 2023 and soared 250 bps in 2024.
  • Over 5 years, EBITDA Margin stood at 16.25% in 2022, then rose by 5 bps to 17.03% in 2023, then increased by 4 bps to 17.69% in 2024, then gained by 4 bps to 18.46% in 2025, then decreased by 8 bps to 16.93% in 2026.
  • Per Business Quant data, the three most recent EBITDA Margin figures were 16.93% in Q1 2026, 18.46% in Q4 2025, and 17.45% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA Margin (Qtr)
1 Waters 31,055.11 Bn 31,054.65 Bn 1.11 Bn -3.71%
2 Thermo Fisher Scientific 191.02 Bn 187.77 Bn 7.74 Bn 16.93%
3 Danaher 137.16 Bn 131.47 Bn 3.59 Bn 22.58%
4 Idexx Laboratories 42.82 Bn 42.62 Bn 722.74 Mn 31.78%
5 Natera 39.09 Bn 37.99 Bn 696.04 Mn -12.21%
6 Agilent Technologies 37.61 Bn 35.81 Bn 990.00 Mn 21.74%
7 Iqvia Holdings 34.23 Bn 32.25 Bn 1.36 Bn 12.38%
8 Illumina 28.14 Bn 26.98 Bn 721.00 Mn 19.16%
9 Mettler Toledo International 26.40 Bn 26.33 Bn 555.82 Mn 19.42%
10 Quest Diagnostics 23.76 Bn 23.67 Bn 942.00 Mn 13.78%

Historic Data

Download Data
DateValue
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%
Jul 3, 2021 23.33%