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Thermo Fisher Scientific Inc   (TMO)
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TMO's Operating Income Growth by Quarter and Year

Thermo Fisher Scientific Inc 's Operating Income results by quarter and year




TMO Operating Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter January - 1,861.00 2,538.00 3,071.00
III Quarter October - 1,710.00 2,278.00 2,426.00
II Quarter July 1,578.00 2,001.00 2,163.00 1,391.00
I Quarter April 1,563.00 2,821.00 3,049.00 906.00
FY   3,141.00 8,393.00 10,028.00 7,794.00



TMO Operating Income second quarter 2023 Y/Y Growth Comment
Thermo Fisher Scientific Inc reported decline in Operating Income in the second quarter 2023 by -21.14% to $ 1,578.00 millions, from the same quarter in 2022.
The contraction in the second quarter 2023 Thermo Fisher Scientific Inc 's Operating Income compares unfavorably to the Company's average Operating Income rise of 27.16%.

Among companies who have reported second quarter 2023 results in the Scientific & Technical Instruments industry only one Company has achieved higher year on year Operating Income results in the second quarter 2023. While Thermo Fisher Scientific Inc ' s Operating Income fall of -21.14% ranks overall at the positon no. 771 in the second quarter 2023.

Explain Operating Income growth


TMO Operating Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter January - -26.67 % -17.36 % 149.27 %
III Quarter October - -24.93 % -6.1 % 156.45 %
II Quarter July -21.14 % -7.49 % 55.5 % -7.02 %
I Quarter April -44.59 % -7.48 % 236.53 % -1.52 %
FY   - -16.3 % 28.66 % 69.66 %

Financial Statements
Thermo Fisher Scientific Inc 's second quarter 2023 Operating Income $ 1,578.00 millions TMO's Income Statement
Thermo Fisher Scientific Inc 's second quarter 2022 Operating Income $ 2,001.00 millions Quarterly TMO's Income Statement
New: More TMO's historic Operating Income Growth >>


TMO Operating Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter January - 8.83 % 11.41 % 26.59 %
III Quarter October - -14.54 % 5.32 % 74.41 %
II Quarter July 0.96 % -29.07 % -29.06 % 53.53 %
I Quarter April -16.01 % 11.15 % -0.72 % -26.46 %
FY (Year on Year)   - -16.3 % 28.66 % 69.66 %




Operating Income second quarter 2023 Y/Y Growth Company Ranking
Within: No.
Scientific & Technical Instruments Industry #2
Technology Sector #85
Overall #771

Operating Income Y/Y Growth Statistics
High Average Low
302.71 % 27.16 % -65.12 %
(Dec. 31, 2007)   (Dec 31 2013)
Operating Income second quarter 2023 Y/Y Growth Company Ranking
Within: No.
Scientific & Technical Instruments Industry #2
Technology Sector #85
Overall #771
Operating Income Y/Y Growth Statistics
High Average Low
302.71 % 27.16 % -65.12 %
(Dec. 31, 2007)   (Dec 31 2013)

Operating Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Thermo Fisher Scientific Inc 's Q/Q Operating Income Growth


Operating Income Q/Q Growth Statistics
High Average Low
617.11 % 12.38 % -64.28 %
(March 31, 2007)  


TMO's II. Quarter Q/Q Operating Income Comment
Thermo Fisher Scientific Inc achieved in the II. Quarter 2023 below company average Operating Income growth of 0.96% quarter on quarter, to $ 1,578.00 millions.

Even if the II. Quarter 2023 performance was beneath the regular of 12.38 %, it was still promising news, as the current surge, transcends the -29.07% surge in the II. Quarter 2022

Within Scientific & Technical Instruments industry only one company achieved higher sequential Operating Income growth. While Thermo Fisher Scientific Inc 's Operating Income growth quarter on quarter, overall rank is 707.


Operating Income Q/Q Growth Company Ranking
Within: No.
Scientific & Technical Instruments Industry #2
Technology Sector #63
Overall #707
Operating Income Q/Q Growth Company Ranking
Within: No.
Scientific & Technical Instruments Industry #2
Technology Sector #63
Overall #707
Operating Income Q/Q Growth Statistics
High Average Low
617.11 % 12.38 % -64.28 %
(March 31, 2007)  


TMO's II. Quarter Q/Q Operating Income Comment
Thermo Fisher Scientific Inc achieved in the II. Quarter 2023 below company average Operating Income growth of 0.96% quarter on quarter, to $ 1,578.00 millions.

II. Quarter 2023 performance were a mixed bag, albeit beneath the ordinary growth of 12.38 %, yet it shows a quite improvement measured to the -29.07% in the II. Quarter 2022 Robert Collins, Scientific & Technical Instruments industry insider situated in New York said.

Within Scientific & Technical Instruments industry only one company achieved higher sequential Operating Income growth. While Thermo Fisher Scientific Inc 's Operating Income growth quarter on quarter, overall rank is 707.


Thermo Fisher Scientific Inc 's 12 Months Operating Income Growth Year on Year


Operating Income TTM Growth

12 Months Ending
(Jul 01 2023)
12 Months Ending
(Apr 01 2023)
12 Months Ending
(Dec 31 2022)
12 Months Ending
(Jul 02 2022)
12 Months Ending
(Apr 02 2022)
Cumulative Operating Income 12 Months Ending $ 6,712.00 $ 7,135.00 $ 8,393.00 $ 9,638.00 $ 9,800.00
Y / Y Operating Income Growth (TTM) -30.36 % -27.19 % -16.3 % -10 % -1.38 %
Year on Year Operating Income Growth Overall Ranking # 757 # 1523 # 233 # 1172 # 1365
Seqeuential Operating Income Change (TTM) -5.93 % -14.99 % -7.46 % -1.65 % -2.27 %
Seq. Operating Income Growth (TTM) Overall Ranking # 1175 # 1373 # 1064 # 1105 # 1423




Cumulative Operating Income growth Comment
Thermo Fisher Scientific Inc 's cumulative 12 months Operating Income continue to drop, but on the faster rate at -30.36% year on year, at Jul 01 2023 compare to the -27.19% decrease at Apr 01 2023. If the Thermo Fisher Scientific Inc 's fiscal year would end at Jul 01 2023, annual Operating Income would be $6,712 millions.

In the Technology sector 82 other companies have achieved higher trailing twelve month Operating Income growth. While Total ranking has impoved so far to 757, from total ranking in previous quarter at 1523.

Operating Income TTM Q/Q Growth Statistics
High Average Low
302.71 %
27.16 %
-65.12 %
 

Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Scientific & Technical Instruments Industry # 2
Technology Sector # 83
Overall # 757

Operating Income TTM Y/Y Growth Statistics
High Average Low
302.71 %
27.16 %
-65.12 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 2
Sector # 116
S&P 500 # 1175
Cumulative Operating Income growth Comment
Thermo Fisher Scientific Inc 's cumulative 12 months Operating Income continue to drop, but on the faster rate at -30.36% year on year, at Jul 01 2023 compare to the -27.19% decrease at Apr 01 2023. If the Thermo Fisher Scientific Inc 's fiscal year would end at Jul 01 2023, annual Operating Income would be $6,712 millions.

In the Technology sector 82 other companies have achieved higher trailing twelve month Operating Income growth. While Total ranking has impoved so far to 757, from total ranking in previous quarter at 1523.

Operating Income TTM Q/Q Growth Statistics
High Average Low
302.71 %
27.16 %
-65.12 %
 


Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Scientific & Technical Instruments Industry # 2
Technology Sector # 83
Overall # 757

Operating Income TTM Y/Y Growth Statistics
High Average Low
302.71 %
27.16 %
-65.12 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 2
Sector # 116
S&P 500 # 1175




Other Operating Income Growth
Scientific & Technical Instruments Industry Operating Income Growth Trends and Statistics
Technology Sector Operating Income Growth Statistics
Operating Income Growth Trends for overall market
TMO's Operating Income Growth Ratio versus Scientific & Technical Instruments Industry, Technology Sector and total Market
Highest Ranking Operating Income Growth
Lowest Ranking Operating Income Growth
Operating Income Growth for TMO's Competitors
Operating Income Growth for Thermo Fisher Scientific Inc 's Suppliers
Operating Income Growth for TMO's Customers

You may also want to know
TMO's Annual Growth Rates TMO's Profitability Ratios TMO's Asset Turnover Ratio TMO's Dividend Growth
TMO's Roe TMO's Valuation Ratios TMO's Financial Strength Ratios TMO's Dividend Payout Ratio
TMO's Roa TMO's Inventory Turnover Ratio TMO's Growth Rates TMO's Dividend Comparisons



Companies with similar Operating Income drop for the quarter ending Jul 01 2023 within Technology SectorY/Y Change %Operating Income for the quarter ending Jul 01 2023
Sigmatron International Inc -0.55%$ -0.545 millions
Nxp Semiconductors N v -0.64%$ -0.636 millions
Applied Materials Inc-6.34%$ -6.341 millions
Vishay Intertechnology Inc -10.75%$ -10.746 millions
Thermo Fisher Scientific Inc -21.14%$ -21.139 millions
Hp inc -25.16%$ -25.157 millions
Netapp Inc -30.20%$ -30.196 millions
American Software Inc -38.72%$ -38.717 millions
Hurco Companies inc -42.24%$ -42.237 millions
Ttm Technologies Inc -42.45%$ -42.455 millions
Plexus Corp -43.09%$ -43.092 millions
Teradyne Inc -43.58%$ -43.583 millions
Silicon Laboratories Inc -45.29%$ -45.291 millions
Viavi Solutions Inc -56.67%$ -56.667 millions
Onto Innovation Inc -56.82%$ -56.821 millions
Methode Electronics Inc -82.57%$ -82.569 millions




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