Company / Operating Margin
Thermo Fisher Scientific Operating Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
17.4%
FY2025
5-year range
17.1% / 25.6%
FY2021-FY2025
Trend
+1.6%
vs FY2024
Sector context
#27 of 148
Health Care
What the data says
Thermo Fisher Scientific's operating margin of 17.4% is higher than 82% of companies in the Health Care sector (FY2025). Operating Margin has fluctuated over the past 10 years, ranging from 13.5% in FY2016 to 62.1% in FY2017.
Based on SEC 10-K filings.
17.4% in FY2025 with a 5-year CAGR of -6.8%. Top quartile in the Health Care sector.
Declined from 25.6% to 17.4% over the past 2 years.
Health Care sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- -6.8pp
- 5-Year Change
- -6.8pp
- 10-Year Change
- -
Sector benchmark
Top 18% in Health CareTop 18% of 148This company 17.4% Sector average -284.5%
▼
+106.1% above sector average
Key checks
Key Insights
- In FY2025, operating margin increased 1.6% year-over-year.
- Currently 301.8pp above the Health Care sector average.
- Peak operating margin was recorded in FY2017.
- Lowest operating margin in the period was in FY2016.
Annual data
| Year | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 17.4% | +1.6% |
| FY2024 | 17.1% | -33.1% |
| FY2023 | 25.6% | +5.7% |
| FY2022 | 24.2% | +34.5% |
| FY2021 | 18.0% | -25.6% |
| FY2020 | 24.2% | +34.5% |
| FY2019 | 18.0% | +15.8% |
| FY2018 | 15.5% | -75.0% |
| FY2017 | 62.1% | +361.9% |
| FY2016 | 13.5% | -2.3% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026