Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the operating margin high or low?
The operating margin of 17.40% is in line with its 5-year average of 18.90%, near the low end of its 5-year range (15.91%–25.17%).
As of the fiscal period ended Saturday, June 27, 2026. 1.48% below its 12-month average of 17.66%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
17.40%
OPERATING MARGIN AVG TTM
17.66%
OPERATING MARGIN AVG 3Y
17.77%
OPERATING MARGIN AVG 5Y
17.55%
OPERATING MARGIN AVG 10Y
16.86%
OPERATING MARGIN AVG 15Y
15.47%
OPERATING MARGIN AVG 20Y
14.71%
CURRENT VS TTM AVG
-1.48%
CURRENT VS 3Y AVG
-2.06%
CURRENT VS 5Y AVG
-0.86%
CURRENT VS 10Y AVG
+3.22%
CURRENT VS 15Y AVG
+12.45%
CURRENT VS 20Y AVG
+18.31%
SECTOR MEDIAN · HEALTHCARE
15.48%
median of 79 covered companies
CURRENT VS SECTOR MEDIAN
+12.41%
vs the sector median at left
Thermo Fisher Scientific Inc.
Market Cap
$213.42B
Operating Margin
17.40%
TTM Avg
17.66%
3Y Avg
17.77%
5Y Avg
17.55%
Market Cap
$209.19B
Operating Margin
45.21%
TTM Avg
42.74%
3Y Avg
42.98%
5Y Avg
42.70%
Market Cap
$182.90B
Operating Margin
17.03%
TTM Avg
17.21%
3Y Avg
17.41%
5Y Avg
17.71%
Market Cap
$161.66B
Operating Margin
38.26%
TTM Avg
22.76%
3Y Avg
25.11%
5Y Avg
25.54%
Market Cap
$137.13B
Operating Margin
20.42%
TTM Avg
21.31%
3Y Avg
23.25%
5Y Avg
23.28%
Market Cap
$133.37B
Operating Margin
28.27%
TTM Avg
23.17%
3Y Avg
21.31%
5Y Avg
19.39%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Thermo Fisher Scientific Inc. (TMO) | $213.42B | 17.40% | 17.66% | 17.77% | 17.55% |
| Novo Nordisk A/S (NVO)vs › | $209.19B | 45.21% | 42.74% | 42.98% | 42.70% |
| Amgen Inc. (AMGN)vs › | $207.87B | 31.63% | 25.38% | 28.78% | 30.08% |
| Abbott Laboratories (ABT)vs › | $182.90B | 17.03% | 17.21% | 17.41% | 17.71% |
| Gilead Sciences, Inc. (GILD)vs › | $161.66B | 38.26% | 22.76% | 25.11% | 25.54% |
| Pfizer Inc. (PFE)vs › | $142.54B | 23.45% | 25.29% | 24.23% | 24.05% |
| Danaher Corporation (DHR)vs › | $137.13B | 20.42% | 21.31% | 23.25% | 23.28% |
| Bristol-Myers Squibb Company (BMY)vs › | $133.37B | 28.27% | 23.17% | 21.31% | 19.39% |
| CVS Health Corp. (CVS)vs › | $133.25B | 1.46% | 2.43% | 2.79% | 3.48% |
| AstraZeneca PLC (AZN)vs › | $131.47B | 23.69% | 20.95% | 17.06% | 15.08% |
Gross Margin
40.4%
Operating Margin
17.4%
Operating Margin = Operating Income / Revenue
Operating margin is the percentage of revenue remaining after operating expenses, reflecting operating efficiency.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | OPERATING MARGIN |
|---|---|
| 2026-06-27 | 17.40% |
| 2026-03-28 | 16.93% |
| 2025-12-31 | 18.85% |
| 2025-09-27 | 17.47% |
| 2025-06-28 | 17.66% |
| 2025-03-29 | 17.75% |
| 2024-12-31 | 19.90% |
| 2024-09-28 | 18.08% |
| 2024-06-29 | 16.68% |
| 2024-03-30 | 16.63% |
| 2023-12-31 | 18.29% |
| 2023-09-30 | 18.67% |
| 2023-07-01 | 16.67% |
| 2023-04-01 | 15.91% |
| 2022-12-31 | 17.34% |
| 2022-10-01 | 16.46% |
| 2022-07-02 | 17.69% |
| 2022-04-02 | 24.05% |
| 2021-12-31 | 25.03% |
| 2021-10-02 | 25.17% |
| 2021-07-03 | 24.27% |
| 2021-04-03 | 31.04% |
| 2020-12-31 | 29.73% |
| 2020-09-26 | 28.06% |
| 2020-06-27 | 20.92% |
| 2020-03-28 | 15.23% |
| 2019-12-31 | 18.58% |
| 2019-09-28 | 15.75% |
| 2019-06-29 | 16.72% |
| 2019-03-30 | 15.44% |
| 2018-12-31 | 18.24% |
| 2018-09-29 | 14.88% |
| 2018-06-30 | 15.79% |
| 2018-03-31 | 14.42% |
| 2017-12-31 | 16.69% |
| 2017-09-30 | 15.03% |
| 2017-07-01 | 15.59% |
| 2017-04-01 | 14.89% |
| 2016-12-31 | 17.10% |
| 2016-10-01 | 15.47% |
| 2016-07-02 | 14.06% |
| 2016-04-02 | 12.06% |
| 2015-12-31 | 14.84% |
| 2015-09-26 | 13.65% |
| 2015-06-27 | 13.95% |
| 2015-03-28 | 12.43% |
| 2014-12-31 | 14.22% |
| 2014-09-27 | 15.35% |
| 2014-06-28 | 8.05% |
| 2014-03-29 | 22.43% |
| 2013-12-31 | 13.12% |
| 2013-09-28 | 12.28% |
| 2013-06-29 | 11.59% |
| 2013-03-30 | 12.13% |
| 2012-12-31 | 12.29% |
| 2012-09-29 | 11.41% |
| 2012-06-30 | 11.83% |
| 2012-03-31 | 11.45% |
| 2011-12-31 | 10.94% |
| 2011-10-01 | 10.59% |
| 2011-07-02 | 9.17% |
| 2011-04-02 | 11.81% |
| 2010-12-31 | 12.27% |
| 2010-10-02 | 11.87% |
| 2010-07-03 | 11.78% |
| 2010-04-03 | 10.95% |
| 2009-12-31 | 11.42% |
| 2009-09-26 | 10.88% |
| 2009-06-27 | 10.43% |
| 2009-03-31 | 8.43% |
| 2008-12-31 | 12.19% |
| 2008-09-27 | 11.06% |
| 2008-06-28 | 12.19% |
| 2008-03-29 | 11.37% |
| 2007-12-31 | 10.87% |
| 2007-09-29 | 10.58% |
| 2007-06-30 | 10.18% |
| 2007-03-31 | 8.23% |
| 2006-12-31 | 1.61% |
| 2006-09-30 | 10.36% |
| 2006-07-01 | 10.12% |
| 2006-04-01 | 9.91% |
| 2005-12-31 | 11.94% |
| 2005-10-01 | 9.14% |
| 2005-07-02 | 8.13% |
| 2005-04-02 | 10.67% |
| 2004-12-31 | 10.77% |
| 2004-10-02 | 10.99% |
| 2004-07-03 | 11.23% |
| 2004-04-03 | 9.95% |
| 2003-12-31 | 9.40% |
| 2003-09-27 | 8.53% |
| 2003-06-28 | 9.35% |
| 2003-03-29 | 7.86% |
| 2002-12-31 | 6.80% |
| 2002-09-28 | 8.68% |
