Thermo Fisher Scientific (TMO) Net Margin (2009 - 2026)
Thermo Fisher Scientific's (TMO) quarterly Net Margin came in at 14.65% in Q2 2026, down 25.0% on a YoY basis from 19.53% in Q2 2025, and down 3.12% quarter-over-quarter from 15.12% in Q1 2026.
Analysis
Thermo Fisher Scientific (TMO) Net Margin (2009 - 2026) Analysis & Trends
Thermo Fisher Scientific (TMO) has reported Net Margin for 18 consecutive years, with 14.65% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Net Margin fell 25.0% year-over-year to 14.65%; the trailing twelve-month figure through Jun 2026 stood at 15.19% (down 4.0% YoY), and the FY2025 full-year result was 15.17%, up 40.0% from the prior year.
- Net Margin fell to 14.65% in Q2 2026 per TMO's latest filing, from 15.12% in the prior quarter.
- Across five years, Net Margin topped out at 18.74% in Q2 2022 and bottomed at 12.04% in Q2 2023.
- Historically, Net Margin has averaged 14.82% across 5 years, with a median of 14.79% in 2025.
- The widest YoY moves for Net Margin: up 222 bps in 2023, down 671 bps in 2023.
- Over 5 years, Net Margin stood at 13.76% in 2022, then climbed by 9 bps to 14.97% in 2023, then increased by 7 bps to 16.06% in 2024, then grew by 2 bps to 16.37% in 2025, then slipped by 11 bps to 14.65% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 14.65%, 15.12%, and 16.37% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 241.68 Bn | 237.61 Bn | 8.34 Bn | 14.65% |
| 2 | Danaher | 147.34 Bn | 142.99 Bn | 3.61 Bn | 13.89% |
| 3 | Agilent Technologies | 43.34 Bn | 41.59 Bn | 1.04 Bn | 19.28% |
| 4 | Illumina | 34.58 Bn | 33.41 Bn | 770.00 Mn | 17.86% |
| 5 | Revvity | 16.31 Bn | 15.29 Bn | 416.87 Mn | 7.10% |
| 6 | Bio-Techne | 11.28 Bn | 11.01 Bn | 211.39 Mn | 17.01% |
| 7 | Bio-Rad Laboratories | 10.16 Bn | 8.54 Bn | 345.80 Mn | 57.05% |
| 8 | Repligen | 9.77 Bn | 8.75 Bn | 110.04 Mn | 2.45% |
| 9 | 10x Genomics | 9.45 Bn | 8.90 Bn | 112.50 Mn | -11.87% |
| 10 | Bruker | 9.26 Bn | 9.04 Bn | 416.00 Mn | -7.50% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 27, 2026 | 14.65% |
| Mar 28, 2026 | 15.12% |
| Dec 31, 2025 | 16.37% |
| Sep 27, 2025 | 14.56% |
| Jun 28, 2025 | 14.90% |
| Mar 29, 2025 | 14.54% |
| Dec 31, 2024 | 16.06% |
| Sep 28, 2024 | 15.38% |
| Jun 29, 2024 | 14.69% |
| Mar 30, 2024 | 12.84% |
| Dec 31, 2023 | 14.97% |
| Sep 30, 2023 | 16.22% |
| Jul 1, 2023 | 12.74% |
| Apr 1, 2023 | 12.04% |
| Dec 31, 2022 | 13.76% |
| Oct 1, 2022 | 14.00% |
| Jul 2, 2022 | 15.17% |
| Apr 2, 2022 | 18.74% |
| Dec 31, 2021 | 15.49% |
| Oct 2, 2021 | 20.39% |