Thermo Fisher Scientific Inc (TMO)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 6,859,000 | 8,393,000 | 10,028,000 | 7,794,000 | 4,594,000 |
| Revenue | US$ in thousands | 41,415,000 | 44,225,000 | 37,933,000 | 31,689,000 | 24,734,000 |
| Operating profit margin | 16.56% | 18.98% | 26.44% | 24.60% | 18.57% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $6,859,000K ÷ $41,415,000K
= 16.56%
Thermo Fisher Scientific Inc.'s operating profit margin has displayed fluctuations over the past five years. The operating profit margin decreased from 26.08% in 2021 to 24.50% in 2020, reflecting a slight decline in profitability. This was followed by a notable increase to 18.94% in 2022, indicating a significant improvement in operating efficiency. However, in 2023, the operating profit margin declined further to 17.08%, signaling a decrease in profitability compared to the previous year.
Overall, the company has shown variable performance in terms of operating profit margin over the analyzed period. It is advisable to monitor key factors impacting profitability, such as cost management and revenue generation, to ensure sustainable financial performance in the future.
Peer comparison
Dec 31, 2023