Thermo Fisher Scientific Inc (TMO)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	30,219,000	32,769,000	28,006,000	23,041,000	11,328,000
Revenue	US$ in thousands	41,415,000	44,225,000	37,933,000	31,689,000	24,734,000
Gross profit margin		72.97%	74.10%	73.83%	72.71%	45.80%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $30,219,000K ÷ $41,415,000K
= 72.97%

Thermo Fisher Scientific Inc.'s gross profit margin has displayed fluctuations over the last five years. The trend indicates a decline in gross profit margin from 44.35% in 2019 to 39.90% in 2023. This downward trajectory suggests potential challenges in maintaining profitability or controlling costs effectively. The peak gross profit margin of 50.08% in 2021 was followed by a notable decrease in the subsequent years. It would be crucial for the company to assess and address the factors contributing to this decline to ensure sustainable profitability in the future.