Thermo Fisher Scientific Inc (TMO)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 18,108,000 | 17,562,000 | 19,500,000 | 20,234,000 | 16,505,000 |
| Revenue | US$ in thousands | 42,879,000 | 42,857,000 | 44,915,000 | 39,211,000 | 32,218,000 |
| Gross profit margin | 42.23% | 40.98% | 43.42% | 51.60% | 51.23% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $18,108,000K ÷ $42,879,000K
= 42.23%
Thermo Fisher Scientific Inc's gross profit margin has shown some fluctuations over the past five years. The margin was relatively stable between December 31, 2020, and December 31, 2021, with a slight increase from 51.23% to 51.60%. However, there was a noticeable decline in the gross profit margin to 43.42% by December 31, 2022. This decline continued into the following year, with the margin decreasing further to 40.98% by December 31, 2023.
It is worth noting that there was a slight improvement in the gross profit margin for Thermo Fisher Scientific Inc by December 31, 2024, where it reached 42.23%. These fluctuations in the gross profit margin may indicate changes in the company's pricing strategies, cost structure, or competitive pressures. It would be important for stakeholders to closely monitor these trends and investigate the underlying factors driving these changes to assess the company's financial health and operational efficiency.
Peer comparison
Dec 31, 2024