Gross Profit for Thermo Fisher Scientific (TMO)
According to Thermo Fisher Scientific's latest reported financial statements, the company's current gross profit (TTM) is $17.81B USD. Gross profit equals revenue minus the cost of goods sold (COGS) — what remains from sales after the direct cost of producing the product or service. It does not yet subtract operating expenses, interest, or taxes (see operating income and net income for those steps). Higher gross profit (and gross margin) generally signals pricing power and production efficiency.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingGross ProfitSwitch metric
TTM (last 4 quarters)
$17.81B
YoY change
-5.4%
5Y CAGR
+0.9%
Peak year (2021)
$19.63B
Cumulative gross profit
$213.01B
Gross Profit history chart for Thermo Fisher Scientific (TMO) from 1985 to 2025
Gross Profit history table for Thermo Fisher Scientific (TMO) from 1985 to 2025
| Fiscal year | Period ended | Reported | Gross Profit | YoY |
|---|---|---|---|---|
| 2025 | $16.78B | -5.4% | ||
| 2024 | $17.73B | +3.1% | ||
| 2023 | $17.19B | -9.6% | ||
| 2022 | $19.01B | -3.2% | ||
| 2021 | $19.63B | +22.5% | ||
| 2020 | $16.03B | +41.3% | ||
| 2019 | $11.34B | +3.2% | ||
| 2018 | $10.99B | +13.5% | ||
| 2017 | $9.68B | +12.8% | ||
| 2016 | $8.58B | +9.5% | ||
| 2015 | $7.84B | -0.6% | ||
| 2014 | $7.89B | +40.2% | ||
| 2013 | $5.63B | +3.9% | ||
| 2012 | $5.41B | +11.3% | ||
| 2011 | $4.87B | +13.8% | ||
| 2010 | $4.27B | +5.0% | ||
| 2009 | $4.07B | -4.1% | ||
| 2008 | $4.24B | +8.9% | ||
| 2007 | $3.89B | +130.8% | ||
| 2006 | $1.69B | +36.3% | ||
| 2005 | $1.24B | +21.8% | ||
| 2004 | $1.02B | +7.1% | ||
| 2003 | $948.01M | +2.2% | ||
| 2002 | $927.38M | -3.3% | ||
| 2001 | $958.62M | -6.2% | ||
| 2000 | $1.02B | -15.3% | ||
| 1999 | $1.21B | -34.5% | ||
| 1998 | $1.84B | +7.1% | ||
| 1997 | $1.72B | +23.8% | ||
| 1996 | $1.39B | +28.4% | ||
| 1995 | $1.08B | +50.6% | ||
| 1994 | $719.00M | +34.0% | ||
| 1993 | $536.60M | +45.3% | ||
| 1992 | $369.20M | +25.0% | ||
| 1991 | $295.30M | +11.4% | ||
| 1990 | $265.00M | +36.0% | ||
| 1989 | $194.90M | +11.4% | ||
| 1988 | $174.90M | +29.8% | ||
| 1987 | $134.70M | +19.9% | ||
| 1986 | $112.30M | +22.9% | ||
| 1985 | $91.40M | — |
Gross Profit values are taken from Thermo Fisher Scientific's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
2025's annual gross profit for Thermo Fisher Scientific (TMO) came in at $16.78B – declined 5.4% year-over-year.
Thermo Fisher Scientific gross profit compound annual growth for the 2020–2025 (5 years) window is +0.9%, with the latest reading among the more recent periods of the dataset.
Thermo Fisher Scientific gross profit peaked at $19.63B in 2021; the latest annual figure is $16.78B in 2025 (14.5% below peak).
2021 marks the peak gross profit at $19.63B, with the historical low of $91.40M recorded in 1985.
Among 8 Healthcare peers, Thermo Fisher Scientific (TMO) ranks 9th; the peer median for gross profit is $53.80B.
Thermo Fisher Scientific Gross Profit by Year
Thermo Fisher Scientific Gross Profit 2025: $16.78B
Thermo Fisher Scientific gross profit in 2025 was $16.78B, declined 5.4% below 2024.
Thermo Fisher Scientific Gross Profit 2024: $17.73B
Thermo Fisher Scientific gross profit in 2024 was $17.73B, edged up 3.1% from 2023.
Thermo Fisher Scientific Gross Profit 2023: $17.19B
Thermo Fisher Scientific gross profit in 2023 was $17.19B, declined 9.6% below 2022.
Thermo Fisher Scientific Gross Profit 2022: $19.01B
Thermo Fisher Scientific gross profit in 2022 was $19.01B, edged down 3.2% below 2021.
Thermo Fisher Scientific Gross Profit 2021: $19.63B
Thermo Fisher Scientific gross profit in 2021 was $19.63B.
See more financial history for Thermo Fisher Scientific (TMO).
Sector peers — Gross Profit
Companies in the same sector as Thermo Fisher Scientific, ranked by their latest gross profit.
| Company | Gross Profit | Sector |
|---|---|---|
| Novo Nordisk A/S (NVO) | $250.28B | Healthcare |
| UnitedHealth Group Incorporated (UNH) | $82.92B | Healthcare |
| Johnson & Johnson (JNJ) | $68.56B | Healthcare |
| Eli Lilly and Company (LLY) | $54.62B | Healthcare |
| Merck & Co., Inc. (MRK) | $52.98B | Healthcare |
| AstraZeneca PLC (AZN) | $48.11B | Healthcare |
| AbbVie Inc. (ABBV) | $42.96B | Healthcare |
| Amgen Inc. (AMGN) | $26.01B | Healthcare |
Frequently asked questions
What is Thermo Fisher Scientific's gross profit?
- Latest reported gross profit for Thermo Fisher Scientific (TMO) is $17.81B (period ending March 28, 2026).
How has Thermo Fisher Scientific gross profit changed year-over-year?
- Thermo Fisher Scientific (TMO) gross profit changed -5.4% year-over-year on the latest annual filing.
What is the long-term growth rate of Thermo Fisher Scientific gross profit?
- Thermo Fisher Scientific (TMO) gross profit compound annual growth rate is +0.9% over the most recent 5 years available.
When did Thermo Fisher Scientific gross profit hit its highest annual value?
- Thermo Fisher Scientific gross profit reached its highest annual value of $19.63B in 2021.
What was Thermo Fisher Scientific gross profit in 2024?
- Thermo Fisher Scientific (TMO) gross profit in 2024 was $17.73B.
What was Thermo Fisher Scientific gross profit in 2025?
- Thermo Fisher Scientific (TMO) gross profit in 2025 was $16.78B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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