Thermo Fisher Scientific Inc (TMO)
Pretax margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 6,307,000 | 6,293,000 | 4,530,000 | 4,979,000 | 3,891,000 | 4,003,000 | 6,171,000 | 6,356,000 | 6,300,000 | 7,331,000 | 7,410,000 | 6,616,000 | 7,225,000 | 7,404,000 | 5,974,000 | 6,114,000 | 6,103,000 | 6,070,000 | 6,058,000 | 5,471,000 |
| Revenue (ttm) | US$ in thousands | 41,415,000 | 42,229,000 | 42,518,000 | 42,979,000 | 44,225,000 | 42,978,000 | 41,676,000 | 40,005,000 | 37,933,000 | 38,365,000 | 37,540,000 | 35,169,000 | 31,689,000 | 28,090,000 | 25,821,000 | 25,176,000 | 25,008,000 | 24,686,000 | 24,336,000 | 24,109,000 |
| Pretax margin | 15.23% | 14.90% | 10.65% | 11.58% | 8.80% | 9.31% | 14.81% | 15.89% | 16.61% | 19.11% | 19.74% | 18.81% | 22.80% | 26.36% | 23.14% | 24.29% | 24.40% | 24.59% | 24.89% | 22.69% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $6,307,000K ÷ $41,415,000K
= 15.23%
The pretax margin of Thermo Fisher Scientific Inc. has shown a general decline over the past eight quarters. The pretax margin was highest in Q1 2022 at 20.93% and has since decreased to 14.56% in Q4 2023. This downward trend indicates that the company's profitability before taxes has been gradually weakening. The decreasing pretax margin could be attributed to factors such as increasing costs, pricing pressures, or changes in business operations. It is important for the company to closely monitor and address the factors resulting in this decline to maintain and improve its overall financial performance.
Peer comparison
Dec 31, 2023