Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
Is the operating margin high or low?
The operating margin of 17.69% is in line with its 5-year average of 17.55%, near the low end of its 5-year range (15.91%–25.17%).
0.16% above its 12-month average of 17.66%.
Reported quarterly operating margin; no daily interpolation. Q2 FY2026 (2026-06-27): 17.40%.
OPERATING MARGIN
17.69%
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
+0.16%
CURRENT VS 3Y AVG
-0.43%
CURRENT VS 5Y AVG
+0.79%
CURRENT VS 10Y AVG
+4.93%
CURRENT VS 15Y AVG
+14.32%
CURRENT VS 20Y AVG
+20.28%
SECTOR MEDIAN · HEALTHCARE
14.90%
median of 90 covered companies
CURRENT VS SECTOR MEDIAN
+18.72%
vs the sector median at left
Thermo Fisher Scientific Inc.
Market Cap
$238.35B
Operating Margin
17.69%
TTM Avg
17.66%
3Y Avg
17.77%
5Y Avg
17.55%
Market Cap
$251.01B
Operating Margin
22.77%
TTM Avg
20.95%
3Y Avg
17.06%
5Y Avg
15.08%
Market Cap
$188.86B
Operating Margin
43.10%
TTM Avg
42.74%
3Y Avg
42.98%
5Y Avg
42.70%
Market Cap
$181.64B
Operating Margin
39.74%
TTM Avg
22.76%
3Y Avg
25.11%
5Y Avg
25.54%
Market Cap
$176.59B
Operating Margin
17.03%
TTM Avg
17.21%
3Y Avg
17.41%
5Y Avg
17.71%
Market Cap
$147.13B
Operating Margin
20.42%
TTM Avg
21.31%
3Y Avg
23.25%
5Y Avg
23.28%
Market Cap
$341.40B
Operating Margin
4.82%
TTM Avg
6.16%
3Y Avg
7.45%
5Y Avg
7.80%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Thermo Fisher Scientific Inc. (TMO) | $238.35B | 17.69% | 17.66% | 17.77% | 17.55% |
| AstraZeneca PLC (AZN)vs › | $251.01B | 22.77% | 20.95% | 17.06% | 15.08% |
| Amgen Inc. (AMGN)vs › | $202.74B | 33.18% | 25.38% | 28.78% | 30.08% |
| Novo Nordisk A/S (NVO)vs › | $188.86B | 43.10% | 42.74% | 42.98% | 42.70% |
| Gilead Sciences, Inc. (GILD)vs › | $181.64B | 39.74% | 22.76% | 25.11% | 25.54% |
| Abbott Laboratories (ABT)vs › | $176.59B | 17.03% | 17.21% | 17.41% | 17.71% |
| Pfizer Inc. (PFE)vs › | $157.02B | 25.08% | 25.29% | 24.23% | 24.05% |
| Danaher Corporation (DHR)vs › | $147.13B | 20.42% | 21.31% | 23.25% | 23.28% |
| UnitedHealth Group Incorporated (UNH)vs › | $341.40B | 4.82% | 6.16% | 7.45% | 7.80% |
| Intuitive Surgical, Inc. (ISRG)vs › | $133.24B | 31.28% | 28.70% | 26.89% | 27.25% |
Gross Margin
40.4%
Operating Margin
17.7%
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% |
