Thermo Fisher Scientific (TMO) EBITDA Margin (2009 - 2026)
Thermo Fisher Scientific (TMO) posted EBITDA Margin of 24.20% for Q2 2026, up 0.99 percentage points from 23.22% a year earlier and up 0.59 percentage points from the prior quarter.
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Analysis
Thermo Fisher Scientific (TMO) EBITDA Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 27, 2026, EBITDA Margin at Thermo Fisher Scientific was 23.93%, up 0.15 percentage points year-over-year; for FY2025, it came in at 23.62%, down 0.74 percentage points from FY2024.
- Annual EBITDA Margin shows a five-year change of -7.78 percentage points (FY2020 to FY2025).
- In prior years, Thermo Fisher Scientific's EBITDA Margin was 24.36% in FY2024 (+0.41 pp), 23.95% in FY2023 (-2.26 pp), 26.21% in FY2022 (-5.97 pp) and 32.18% in FY2021 (+0.78 pp).
- Quarterly EBITDA Margin has run from a low of 22.61% in Q1 2023 to a high of 31.15% in Q3 2021 over five years.
- On a year-over-year basis, EBITDA Margin has increased in each of the last three quarters, with an average year-over-year change of -0.46 percentage points over the last eight quarters.
- The strongest year-over-year quarter for EBITDA Margin in the past five years was Q2 2024, with a gain of 1.99 percentage points; the weakest was Q1 2023, with a drop of 8.52 percentage points.
- According to Business Quant data, EBITDA Margin for the three prior quarters was 23.62% (Q1 2026), 24.42% (Q4 2025) and 23.40% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 243.20 Bn | 222.35 Bn | 4.88 Bn | 24.20% |
| 2 | Abbott Laboratories | 172.35 Bn | 143.43 Bn | 7.27 Bn | 21.86% |
| 3 | Danaher | 154.53 Bn | 138.35 Bn | 3.61 Bn | 28.51% |
| 4 | Intuitive Surgical | 150.04 Bn | 129.59 Bn | 1.96 Bn | 41.08% |
| 5 | Medtronic | 113.25 Bn | 79.11 Bn | 6.34 Bn | 25.55% |
| 6 | Stryker | 106.37 Bn | 92.49 Bn | 4.50 Bn | 29.67% |
| 7 | Boston Scientific | 61.94 Bn | 56.95 Bn | 3.85 Bn | 28.17% |
| 8 | Becton Dickinson | 50.05 Bn | 47.20 Bn | 2.32 Bn | 24.62% |
| 9 | Edwards Lifesciences | 49.13 Bn | 33.24 Bn | 1.35 Bn | 31.93% |
| 10 | Agilent Technologies | 48.07 Bn | 40.96 Bn | 1.04 Bn | 27.16% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 27, 2026 | 24.20% |
| Mar 28, 2026 | 23.62% |
| Dec 31, 2025 | 24.42% |
| Sep 27, 2025 | 23.40% |
| Jun 28, 2025 | 23.22% |
| Mar 29, 2025 | 23.36% |
| Dec 31, 2024 | 24.20% |
| Sep 28, 2024 | 24.33% |
| Jun 29, 2024 | 24.76% |
| Mar 30, 2024 | 24.16% |
| Dec 31, 2023 | 24.74% |
| Sep 30, 2023 | 25.70% |
| Jul 1, 2023 | 22.77% |
| Apr 1, 2023 | 22.61% |
| Dec 31, 2022 | 23.66% |
| Oct 1, 2022 | 23.86% |
| Jul 2, 2022 | 25.86% |
| Apr 2, 2022 | 31.14% |
| Dec 31, 2021 | 30.10% |
| Oct 2, 2021 | 31.15% |
API Access
Thermo Fisher Scientific EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=TMO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "TMO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=TMO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();