Thermo Fisher Scientific Inc (TMO)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 6,335,000 | 5,995,000 | 6,950,000 | 7,725,000 | 6,375,000 |
| Revenue | US$ in thousands | 42,879,000 | 42,857,000 | 44,915,000 | 39,211,000 | 32,218,000 |
| Net profit margin | 14.77% | 13.99% | 15.47% | 19.70% | 19.79% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $6,335,000K ÷ $42,879,000K
= 14.77%
Thermo Fisher Scientific Inc's net profit margin has shown a gradual decline from 19.79% in December 31, 2020, to 14.77% in December 31, 2024. Despite minor fluctuations, the company has generally maintained a healthy net profit margin above 10%, indicating efficient cost management and profitability. However, the decreasing trend over the years may suggest potential challenges in maintaining profitability levels or increasing costs impacting the bottom line. It is essential for the company to closely monitor its cost structure and seek avenues for revenue growth to sustain its profitability in the future.
Peer comparison
Dec 31, 2024