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Discontinued — last reported Q1 '18

Gross Profit at other companies

Becton, Dickinson and Company logo
Becton, Dickinson and CompanyBDX
$2.15B+15.7%
Danaher logo
DanaherDHR
$3.59B+2.3%
Idexx Laboratories logo
Idexx LaboratoriesIDXX
$722.74M+15.9%
Mettler-Toledo International, Inc. logo
Mettler-Toledo International, Inc.MTD
$555.82M+5.7%
Agilent Technologies logo
Agilent TechnologiesA
$990M+14.3%
Illumina logo
IlluminaILMN
$721M+5.6%

Other financials

Income statement

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Revenue$11.0B+6.2%
Operating income$1.9B+8.6%
Net income$1.7B+9.6%
EPS (diluted)$4.43+11.3%

Balance sheet

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Cash & equivalents$3.3B-21.4%
Total debt$43.2B+16.6%
Total equity$51.9B+5.1%
Total assets$113.28B+14.4%

Cash flow

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Operating cash flow$1.2B+64.9%
CapEx$376.0M+3.9%
Free cash flow$816.0M+126%

Valuation

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Market cap$171.57B-2.7%
Enterprise value$211.45B+0.9%
P/E25.1×-2.0×
P/S-0.8×

Profitability

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Gross margin58.3%
Operating margin17.2%+0.8pp
Net margin15.2%+1.0pp

Returns & leverage

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Return on equity13.5%-0.2pp
Debt / equity0.8×+0.1×
Current ratio1.5×-0.2×

Where this comes from

Calculated from Thermo Fisher Scientific’s reported figures.

The official record: Thermo Fisher Scientific’s 10-K, filed February 26, 2020, on SEC EDGAR. View the filing →

Questions, answered.

What does gross profit mean?
Gross profit is the money a company makes after subtracting the direct costs of manufacturing its products from its total sales.
How do you interpret gross profit?
An increase in gross profit typically indicates improved manufacturing efficiencies, favorable product mix shifts toward higher-margin consumables, or successful pricing strategies. Conversely, a decrease may signal rising raw material costs, supply chain inefficiencies, or increased competitive pressure on pricing.
How does gross profit compare across companies?
Peers in the life sciences and diagnostics sector typically maintain high gross margins due to the recurring nature of consumables and proprietary technology, making this a key benchmark for operational health compared to other industrial or service-based firms.