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Net margin at other companies

Becton, Dickinson and Company logo
Becton, Dickinson and CompanyBDX
5.3%-2.1pp
GLW
CorningGLW
11.1%+7.8pp
Danaher logo
DanaherDHR
14.9%-0.9pp
Idexx Laboratories logo
Idexx LaboratoriesIDXX
24.6%+1.9pp
WAT
Waters CorporationWAT
11.9%-10.1pp
Mettler-Toledo International, Inc. logo
Mettler-Toledo International, Inc.MTD
21.4%-0.8pp

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

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.

Based on trailing twelve months.

The official record: Thermo Fisher Scientific’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Thermo Fisher Scientific's net margin?
Thermo Fisher Scientific (TMO) reported net margin of 15.2% in Q1 2025.
How has Thermo Fisher Scientific's net margin changed year-over-year?
Thermo Fisher Scientific's net margin increased by 6.9% year-over-year, from 14.2% to 15.2%.
What is the long-term trend for Thermo Fisher Scientific's net margin?
Over 3 years (2021 to 2024), Thermo Fisher Scientific's net margin has grown at a -12.3% compound annual growth rate (CAGR), from 86.2% to 58.2%.
What does net margin mean?
The share of every sales dollar that becomes bottom-line profit.
How do you interpret net margin?
Higher is better, but net margin mixes operating performance with financing and tax effects and one-off items — read it alongside operating margin to separate the operating story from the rest.
How does net margin compare across companies?
Comparable across peers but sensitive to leverage and tax structure; two operationally identical firms can show different net margins purely from financing.