TTM
39.4%
YoY change
−3.69pp
Trough year (1989)
33.7%
Peak year (2021)
50.1%
Latest annual
37.7%
Gross Margin history chart for Thermo Fisher Scientific (TMO) from 1985 to 2025
Latest: 37.7%
Gross Margin change chart for Thermo Fisher Scientific (TMO) from 1985 to 2025
Latest: −3.69pp
Gross Margin history table for Thermo Fisher Scientific (TMO) from 1985 to 2025
| 2025 | 37.7% | -3.69pp | ||
| 2024 | 41.3% | +1.22pp | ||
| 2023 | 40.1% | -2.21pp | ||
| 2022 | 42.3% | -7.75pp | ||
| 2021 | 50.1% | +0.33pp | ||
| 2020 | 49.7% | +5.33pp | ||
| 2019 | 44.4% | -0.70pp | ||
| 2018 | 45.1% | -1.16pp | ||
| 2017 | 46.3% | -0.69pp | ||
| 2016 | 47.0% | +0.76pp | ||
| 2015 | 46.2% | -0.49pp | ||
| 2014 | 46.7% | +3.71pp | ||
| 2013 | 43.0% | -0.30pp | ||
| 2012 | 43.3% | +1.78pp | ||
| 2011 | 41.5% | +1.88pp | ||
| 2010 | 39.6% | -0.64pp | ||
| 2009 | 40.3% | -0.15pp | ||
| 2008 | 40.4% | +0.46pp | ||
| 2007 | 40.0% | -4.54pp | ||
| 2006 | 44.5% | -2.51pp | ||
| 2005 | 47.0% | +0.96pp | ||
| 2004 | 46.0% | +0.83pp | ||
| 2003 | 45.2% | +0.76pp | ||
| 2002 | 44.4% | +0.64pp | ||
| 2001 | 43.8% | -1.00pp | ||
| 2000 | 44.8% | -4.01pp | ||
| 1999 | 48.8% | +1.16pp | ||
| 1998 | 47.7% | -0.71pp | ||
| 1997 | 48.4% | +0.96pp | ||
| 1996 | 47.4% | -1.65pp | ||
| 1995 | 49.0% | +3.69pp | ||
| 1994 | 45.4% | +2.42pp | ||
| 1993 | 42.9% | +4.03pp | ||
| 1992 | 38.9% | +2.24pp | ||
| 1991 | 36.7% | -0.77pp | ||
| 1990 | 37.4% | +3.77pp | ||
| 1989 | 33.7% | -1.28pp | ||
| 1988 | 34.9% | -0.19pp | ||
| 1987 | 35.1% | +1.27pp | ||
| 1986 | 33.9% | -0.53pp | ||
| 1985 | 34.4% | — |
- 202537.7%-3.69pp
- 202441.3%+1.22pp
- 202340.1%-2.21pp
- 202242.3%-7.75pp
- 202150.1%+0.33pp
- 202049.7%+5.33pp
- 201944.4%-0.70pp
- 201845.1%-1.16pp
- 201746.3%-0.69pp
- 201647.0%+0.76pp
- 201546.2%-0.49pp
- 201446.7%+3.71pp
- 201343.0%-0.30pp
- 201243.3%+1.78pp
- 201141.5%+1.88pp
- 201039.6%-0.64pp
- 200940.3%-0.15pp
- 200840.4%+0.46pp
- 200740.0%-4.54pp
- 200644.5%-2.51pp
- 200547.0%+0.96pp
- 200446.0%+0.83pp
- 200345.2%+0.76pp
- 200244.4%+0.64pp
- 200143.8%-1.00pp
- 200044.8%-4.01pp
- 199948.8%+1.16pp
- 199847.7%-0.71pp
- 199748.4%+0.96pp
- 199647.4%-1.65pp
- 199549.0%+3.69pp
- 199445.4%+2.42pp
- 199342.9%+4.03pp
- 199238.9%+2.24pp
- 199136.7%-0.77pp
- 199037.4%+3.77pp
- 198933.7%-1.28pp
- 198834.9%-0.19pp
- 198735.1%+1.27pp
- 198633.9%-0.53pp
- 198534.4%—
Gross Margin values are taken from Thermo Fisher Scientific's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Gross Margin at Thermo Fisher Scientific (TMO)
According to Thermo Fisher Scientific's latest reported financial statements, the company's latest reported gross margin is 39.4%. Gross margin is gross profit divided by revenue, expressed as a percentage. It shows how much of each sales dollar survives the direct cost of goods sold — before operating expenses, interest, and taxes. A higher gross margin generally signals pricing power and production efficiency. Margins are most meaningful compared against sector peers and a company's own history.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
Thermo Fisher Scientific (TMO) most recent annual gross margin stands at 37.66% (2025) – contracted 3.7 percentage points year-over-year.
The record annual gross margin stands at 50.07%, reached in 2021; the historical low of 33.66% was recorded in 1989.
Thermo Fisher Scientific Gross Margin by Year
Thermo Fisher Scientific Gross Margin 2025: 37.7%
2025's gross margin for Thermo Fisher Scientific came in at 37.66%, contracted 3.7 percentage points from 2024.
Thermo Fisher Scientific Gross Margin 2024: 41.3%
Thermo Fisher Scientific posted gross margin of 41.34% in 2024, expanded 1.2 percentage points from 2023.
Thermo Fisher Scientific Gross Margin 2023: 40.1%
In 2023, Thermo Fisher Scientific reported gross margin of 40.12%, contracted 2.2 percentage points from 2022.
Thermo Fisher Scientific Gross Margin 2022: 42.3%
Thermo Fisher Scientific gross margin in 2022 was 42.33%, contracted 7.7 percentage points from 2021.
Thermo Fisher Scientific Gross Margin 2021: 50.1%
Thermo Fisher Scientific gross margin in 2021 was 50.07%.
See more financial history for Thermo Fisher Scientific (TMO).
Sector peers by Gross Margin
Healthcare peers of Thermo Fisher Scientific (TMO), ranked by their latest gross margin
| 83.5% | |
| 81.8% | |
| 81.7% | |
| 75.9% | |
| 71.5% | |
| 70.7% | |
| 70.0% | |
| 18.8% |
- 83.5%
- 81.8%
- 81.7%
- 75.9%
- 71.5%
- 70.7%
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