Thermo Fisher Scientific TMO
NYSE TMO
$659.18 +10.75 (+1.66%)
As of: Sep 17, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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%