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Operating margin at other companies

Becton, Dickinson and Company logo
Becton, Dickinson and CompanyBDX
10.4%+0.1pp
GLW
CorningGLW
15.2%+5.4pp
Danaher logo
DanaherDHR
19.2%-1.0pp
Idexx Laboratories logo
Idexx LaboratoriesIDXX
31.6%+2.5pp
WAT
Waters CorporationWAT
16%-12.3pp
Agilent Technologies logo
Agilent TechnologiesA
21.5%+0.1pp

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%
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.

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 operating margin?
Thermo Fisher Scientific (TMO) reported operating margin of 17.2% in Q1 2025.
How has Thermo Fisher Scientific's operating margin changed year-over-year?
Thermo Fisher Scientific's operating margin increased by 5.2% year-over-year, from 16.4% to 17.2%.
What is the long-term trend for Thermo Fisher Scientific's operating margin?
Over 3 years (2021 to 2024), Thermo Fisher Scientific's operating margin has grown at a -14.6% compound annual growth rate (CAGR), from 108.3% to 67.4%.
What does operating margin mean?
The profit left from core operations for every dollar of sales, before interest and taxes.
How do you interpret operating margin?
Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
How does operating margin compare across companies?
Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.