Thermo Fisher Scientific (TMO) Net Margin (2009 - 2026)
Thermo Fisher Scientific (TMO) reported Net Margin of 14.47% for Q2 2026, down 0.42 percentage points from 14.90% a year earlier and down 0.53 percentage points from the prior quarter.
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Analysis
Thermo Fisher Scientific (TMO) Net Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 27, 2026, Thermo Fisher Scientific's Net Margin came in at 15.04%, down 0.20 percentage points year-over-year; for FY2025, it came in at 15.05%, up 0.27 percentage points from FY2024.
- Net Margin has a five-year change of -4.74 percentage points (FY2020 to FY2025).
- By year, Net Margin came in at 14.77% in FY2024 (+0.79 pp), 13.99% in FY2023 (-1.49 pp), 15.47% in FY2022 (-4.23 pp) and 19.70% in FY2021 (-0.09 pp).
- The Q2 2026 figure ranks as the lowest quarterly Net Margin since Q1 2024.
- Year over year, Net Margin gained in five of the last eight quarters, with an average year-over-year change of +0.17 percentage points.
- The high point for year-over-year Net Margin in five years was Q3 2023 (a gain of 2.22 percentage points); the low point was Q4 2021 (a drop of 8.19 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 15.00% (Q1 2026), 16.08% (Q4 2025) and 14.53% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 243.20 Bn | 222.35 Bn | 4.88 Bn | 14.47% |
| 2 | Abbott Laboratories | 172.35 Bn | 143.43 Bn | 7.27 Bn | 7.37% |
| 3 | Danaher | 154.53 Bn | 138.35 Bn | 3.61 Bn | 13.89% |
| 4 | Intuitive Surgical | 150.04 Bn | 129.59 Bn | 1.96 Bn | 28.29% |
| 5 | Medtronic | 113.25 Bn | 79.11 Bn | 6.34 Bn | 15.07% |
| 6 | Stryker | 106.37 Bn | 92.49 Bn | 4.50 Bn | 19.37% |
| 7 | Boston Scientific | 61.94 Bn | 56.95 Bn | 3.85 Bn | 16.67% |
| 8 | Becton Dickinson | 50.05 Bn | 47.20 Bn | 2.32 Bn | 7.57% |
| 9 | Edwards Lifesciences | 49.13 Bn | 33.24 Bn | 1.35 Bn | 13.89% |
| 10 | Agilent Technologies | 48.07 Bn | 40.96 Bn | 1.04 Bn | 19.28% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 27, 2026 | 14.47% |
| Mar 28, 2026 | 15.00% |
| Dec 31, 2025 | 16.08% |
| Sep 27, 2025 | 14.53% |
| 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% |
API Access
Thermo Fisher Scientific Net 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=net-margin&ticker=TMO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=TMO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();