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

Thermo Fisher Scientific (TMO) posted quarterly EBT Margin of 16.04% for Q2 2026, up 30.0% year-over-year from 12.34% in Q2 2025, and up 1.81% on a QoQ basis from 15.76% in Q1 2026.

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

Thermo Fisher Scientific has reported EBT Margin for 18 years, with the latest figure at 16.04% in Q2 2026.

  • EBT Margin for Q2 2026 came in at 16.04%, up 30.0% year-over-year; the trailing twelve-month figure through Jun 2026 was 16.48% (up 25.0% YoY), and the FY2025 annual result was 16.4%, down 1.0% from the prior year.
  • EBT Margin improved to 16.04% in Q2 2026, from 15.76% in the prior quarter.
  • Over five years, EBT Margin peaked at 21.49% in Q2 2022 and troughed at 12.73% in Q2 2023.
  • A 5-year average of 16.17% and a median of 16.01% in 2023 frame the typical range for EBT Margin.
  • The widest annual swing landed in 2023, when EBT Margin sank 877 bps; it then soared 336 bps in 2024.
  • A 5-year view of EBT Margin shows it stood at 15.52% in 2022, then increased by 3 bps to 15.98% in 2023, then gained by 7 bps to 17.03% in 2024, then rose by 3 bps to 17.63% in 2025, then retreated by 9 bps to 16.04% in 2026.
  • Per Business Quant data, the three most recent EBT Margin figures were 16.04% in Q2 2026, 15.76% in Q1 2026, and 17.63% in Q4 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBT Margin (Qtr)
1 Thermo Fisher Scientific 213.92 Bn 209.86 Bn 8.34 Bn 16.04%
2 Danaher 140.37 Bn 136.02 Bn 3.61 Bn 17.21%
3 Idexx Laboratories 46.17 Bn 45.97 Bn 779.09 Mn 34.29%
4 Agilent Technologies 39.76 Bn 37.96 Bn 990.00 Mn 22.23%
5 Iqvia Holdings 39.41 Bn 37.33 Bn 1.44 Bn 6.89%
6 Natera 38.75 Bn 37.65 Bn 696.04 Mn -12.17%
7 Illumina 30.07 Bn 28.90 Bn 770.00 Mn 22.43%
8 Mettler Toledo International 28.62 Bn 28.56 Bn 650.22 Mn 28.17%
9 Quest Diagnostics 26.15 Bn 25.53 Bn 1.03 Bn 13.54%
10 Labcorp Holdings 25.87 Bn 24.89 Bn 1.01 Bn 9.04%

Historic Data

Download Data
DateValue
Jun 27, 2026 16.04%
Mar 28, 2026 15.76%
Dec 31, 2025 17.63%
Sep 27, 2025 16.42%
Jun 28, 2025 15.74%
Mar 29, 2025 15.63%
Dec 31, 2024 17.03%
Sep 28, 2024 16.44%
Jun 29, 2024 16.74%
Mar 30, 2024 15.36%
Dec 31, 2023 15.98%
Sep 30, 2023 16.69%
Jul 1, 2023 13.38%
Apr 1, 2023 12.73%
Dec 31, 2022 15.52%
Oct 1, 2022 14.99%
Jul 2, 2022 17.47%
Apr 2, 2022 21.49%
Dec 31, 2021 17.40%
Oct 2, 2021 23.33%