TTM
17.8%
YoY change
+0.33pp
Trough year (2001)
1.6%
Peak year (2021)
26.3%
Latest annual
18.2%
Operating Margin history chart for Thermo Fisher Scientific (TMO) from 1985 to 2025
Latest: 18.2%
Operating Margin change chart for Thermo Fisher Scientific (TMO) from 1985 to 2025
Latest: +0.33pp
Operating Margin history table for Thermo Fisher Scientific (TMO) from 1985 to 2025
| 2025 | 18.2% | +0.33pp | ||
| 2024 | 17.9% | +0.49pp | ||
| 2023 | 17.4% | -1.61pp | ||
| 2022 | 19.0% | -7.33pp | ||
| 2021 | 26.3% | +1.80pp | ||
| 2020 | 24.5% | +7.84pp | ||
| 2019 | 16.7% | +0.78pp | ||
| 2018 | 15.9% | +0.28pp | ||
| 2017 | 15.6% | -0.03pp | ||
| 2016 | 15.6% | +0.94pp | ||
| 2015 | 14.7% | +0.80pp | ||
| 2014 | 13.9% | +0.16pp | ||
| 2013 | 13.7% | +0.72pp | ||
| 2012 | 13.0% | +0.39pp | ||
| 2011 | 12.6% | +0.91pp | ||
| 2010 | 11.7% | +0.66pp | ||
| 2009 | 11.1% | -1.00pp | ||
| 2008 | 12.1% | +1.13pp | ||
| 2007 | 10.9% | +1.30pp | ||
| 2006 | 9.6% | -1.52pp | ||
| 2005 | 11.2% | -0.38pp | ||
| 2004 | 11.5% | +2.72pp | ||
| 2003 | 8.8% | +1.36pp | ||
| 2002 | 7.5% | +5.89pp | ||
| 2001 | 1.6% | -7.13pp | ||
| 2000 | 8.7% | -1.37pp | ||
| 1999 | 10.1% | +0.34pp | ||
| 1998 | 9.7% | -1.72pp | ||
| 1997 | 11.4% | +1.75pp | ||
| 1996 | 9.7% | -1.51pp | ||
| 1995 | 11.2% | -0.14pp | ||
| 1994 | 11.3% | +1.45pp | ||
| 1993 | 9.9% | +2.69pp | ||
| 1992 | 7.2% | +2.44pp | ||
| 1991 | 4.8% | -0.27pp | ||
| 1990 | 5.0% | +1.95pp | ||
| 1989 | 3.1% | -0.76pp | ||
| 1988 | 3.8% | +1.88pp | ||
| 1987 | 2.0% | -1.75pp | ||
| 1986 | 3.7% | +1.87pp | ||
| 1985 | 1.8% | — |
- 202518.2%+0.33pp
- 202417.9%+0.49pp
- 202317.4%-1.61pp
- 202219.0%-7.33pp
- 202126.3%+1.80pp
- 202024.5%+7.84pp
- 201916.7%+0.78pp
- 201815.9%+0.28pp
- 201715.6%-0.03pp
- 201615.6%+0.94pp
- 201514.7%+0.80pp
- 201413.9%+0.16pp
- 201313.7%+0.72pp
- 201213.0%+0.39pp
- 201112.6%+0.91pp
- 201011.7%+0.66pp
- 200911.1%-1.00pp
- 200812.1%+1.13pp
- 200710.9%+1.30pp
- 20069.6%-1.52pp
- 200511.2%-0.38pp
- 200411.5%+2.72pp
- 20038.8%+1.36pp
- 20027.5%+5.89pp
- 20011.6%-7.13pp
- 20008.7%-1.37pp
- 199910.1%+0.34pp
- 19989.7%-1.72pp
- 199711.4%+1.75pp
- 19969.7%-1.51pp
- 199511.2%-0.14pp
- 199411.3%+1.45pp
- 19939.9%+2.69pp
- 19927.2%+2.44pp
- 19914.8%-0.27pp
- 19905.0%+1.95pp
- 19893.1%-0.76pp
- 19883.8%+1.88pp
- 19872.0%-1.75pp
- 19863.7%+1.87pp
- 19851.8%—
Operating 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 Operating Margin at Thermo Fisher Scientific (TMO)
According to Thermo Fisher Scientific's latest reported financial statements, the company's latest reported operating margin is 17.8%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
The 2025 reading of Thermo Fisher Scientific (TMO) operating margin is 18.20% – expanded 0.3 percentage points year-over-year.
The highest annual operating margin of 26.31% was reported in 2021. The lowest in the available history was 1.56% in 2001.
Thermo Fisher Scientific Operating Margin by Year
Thermo Fisher Scientific Operating Margin 2025: 18.2%
Thermo Fisher Scientific posted operating margin of 18.20% in 2025, expanded 0.3 percentage points from 2024.
Thermo Fisher Scientific Operating Margin 2024: 17.9%
In 2024, Thermo Fisher Scientific reported operating margin of 17.87%, expanded 0.5 percentage points from 2023.
Thermo Fisher Scientific Operating Margin 2023: 17.4%
Thermo Fisher Scientific operating margin in 2023 was 17.37%, contracted 1.6 percentage points from 2022.
Thermo Fisher Scientific Operating Margin 2022: 19.0%
2022's operating margin for Thermo Fisher Scientific came in at 18.98%, contracted 7.3 percentage points from 2021.
Thermo Fisher Scientific Operating Margin 2021: 26.3%
Thermo Fisher Scientific operating margin in 2021 was 26.31%.
See more financial history for Thermo Fisher Scientific (TMO).
Sector peers by Operating Margin
Healthcare peers of Thermo Fisher Scientific (TMO), ranked by their latest operating margin
| 45.9% | |
| 45.3% | |
| 31.6% | |
| 27.6% | |
| 27.6% | |
| 26.4% | |
| 23.7% | |
| 4.2% |
- 45.9%
- 45.3%
- 31.6%
- 27.6%
- 27.6%
- 23.7%
Frequently asked questions
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