Thermo Fisher Scientific (TMO) Gross Margin (2009 - 2026)
Thermo Fisher Scientific (TMO) recorded Gross Margin of 40.70% in Q2 2026, up 0.09 percentage points from 40.62% a year earlier and up 0.45 percentage points from the prior quarter.
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Analysis
Thermo Fisher Scientific (TMO) Gross Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Thermo Fisher Scientific's Gross Margin came in at 40.80% as of Jun 27, 2026, down 0.38 percentage points year-over-year; for FY2025, it came in at 40.93%, down 0.35 percentage points from FY2024.
- Annual Gross Margin has a five-year change of -8.74 percentage points (FY2020 to FY2025).
- Across earlier years, Gross Margin came in at 41.28% in FY2024 (+1.38 pp), 39.90% in FY2023 (-2.34 pp), 42.24% in FY2022 (-7.85 pp) and 50.08% in FY2021 (+0.41 pp).
- Quarterly Gross Margin has ranged from 38.66% in Q1 2023 to 99.65% in Q3 2021 over the past five years.
- On a year-over-year basis, Gross Margin rose in five of the last eight quarters, with an average year-over-year change of +0.02 percentage points.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 48.82 percentage points in Q3 2021, against a drop of 59.35 percentage points in Q3 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 40.25% (Q1 2026), 41.02% (Q4 2025) and 41.21% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 243.20 Bn | 222.35 Bn | 4.88 Bn | 40.70% |
| 2 | Abbott Laboratories | 172.35 Bn | 143.43 Bn | 7.27 Bn | 57.71% |
| 3 | Danaher | 154.53 Bn | 138.35 Bn | 3.61 Bn | 57.64% |
| 4 | Intuitive Surgical | 150.04 Bn | 129.59 Bn | 1.96 Bn | 67.78% |
| 5 | Medtronic | 113.25 Bn | 79.11 Bn | 6.34 Bn | 64.99% |
| 6 | Stryker | 106.37 Bn | 92.49 Bn | 4.50 Bn | 68.27% |
| 7 | Boston Scientific | 61.94 Bn | 56.95 Bn | 3.85 Bn | 70.71% |
| 8 | Becton Dickinson | 50.05 Bn | 47.20 Bn | 2.32 Bn | 46.46% |
| 9 | Edwards Lifesciences | 49.13 Bn | 33.24 Bn | 1.35 Bn | 77.46% |
| 10 | Agilent Technologies | 48.07 Bn | 40.96 Bn | 1.04 Bn | 55.48% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 27, 2026 | 40.70% |
| Mar 28, 2026 | 40.25% |
| Dec 31, 2025 | 41.02% |
| Sep 27, 2025 | 41.21% |
| Jun 28, 2025 | 40.62% |
| Mar 29, 2025 | 40.86% |
| Dec 31, 2024 | 42.32% |
| Sep 28, 2024 | 40.84% |
| Jun 29, 2024 | 41.24% |
| Mar 30, 2024 | 40.65% |
| Dec 31, 2023 | 40.35% |
| Sep 30, 2023 | 40.82% |
| Jul 1, 2023 | 39.78% |
| Apr 1, 2023 | 38.66% |
| Dec 31, 2022 | 40.23% |
| Oct 1, 2022 | 40.29% |
| Jul 2, 2022 | 41.92% |
| Apr 2, 2022 | 46.23% |
| Dec 31, 2021 | 49.09% |
| Oct 2, 2021 | 99.65% |
API Access
Thermo Fisher Scientific Gross 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=gross-margin&ticker=TMO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-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=gross-margin&ticker=TMO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();