Thermo Fisher Scientific Inc (TMO)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 5,995,000 | 6,950,000 | 7,725,000 | 6,375,000 | 3,696,000 |
| Revenue | US$ in thousands | 41,415,000 | 44,225,000 | 37,933,000 | 31,689,000 | 24,734,000 |
| Net profit margin | 14.48% | 15.72% | 20.36% | 20.12% | 14.94% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $5,995,000K ÷ $41,415,000K
= 14.48%
Thermo Fisher Scientific Inc.'s net profit margin has exhibited some fluctuations over the past five years. The net profit margin decreased from 19.79% in 2020 to 19.70% in 2021 before experiencing a more significant decline to 15.47% in 2022. However, the net profit margin slightly rebounded to 13.99% in 2023. This indicates that the company's profitability as a percentage of revenue has seen some volatility recently, potentially influenced by changes in costs, revenue, or other financial factors. It is essential for stakeholders to closely monitor these fluctuations to assess the company's financial health and performance over time.
Peer comparison
Dec 31, 2023