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Birchtech vs Thermo Fisher Scientific: revenue, profit, margins and growth compared

Birchtech brought in $17.6M of revenue in fiscal 2025, Thermo Fisher Scientific $44.6B in fiscal 2025. Revenue changed by +1.3% at Birchtech and +3.9% at Thermo Fisher Scientific on the year before, so Thermo Fisher Scientific grew faster. Birchtech kept -17.2% of its revenue as net profit, Thermo Fisher Scientific 15.0%. Free cash flow was -$729.4K at Birchtech and $6.3B at Thermo Fisher Scientific.

Side by side, latest fiscal year

BCHTTMO
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$17.6M$44.6B
Revenue growth+1.3%+3.9%
Net income-$3M$6.7B
Net margin-17.2%15.0%
Free cash flow-$729.4K$6.3B
Free cash flow margin-4.1%14.1%
Earnings per share (diluted)-$0.16$17.74
Cash$2.2M$9.9B
Debtn/a$39.2B
Price to earningsn/a38.0
Market value$42.4M$249.6B
Dividend yieldn/a0.25%
Rank by revenue in sector#460 of 518 · Industrials#12 of 518 · Industrials

Over the years

Revenue
BCHT FY2018: $12.3MBCHT FY2019: $11.4MBCHT FY2020: $8.2MBCHT FY2021: $13MBCHT FY2022: $21.6MBCHT FY2023: $17.6MBCHT FY2024: $17.4MBCHT FY2025: $17.6MTMO FY2018: $24.4BTMO FY2019: $25.5BTMO FY2020: $32.2BTMO FY2021: $39.2BTMO FY2022: $44.9BTMO FY2023: $42.9BTMO FY2024: $42.9BTMO FY2025: $44.6BFY18FY19FY20FY21FY22FY23FY24FY25
BCHT $17.6MTMO $44.6B
Net income
BCHT FY2018: -$4.8MBCHT FY2019: -$6.1MBCHT FY2020: -$5.8MBCHT FY2021: -$3.6MBCHT FY2022: -$1.6MBCHT FY2023: $5.7MBCHT FY2024: -$10.8MBCHT FY2025: -$3MTMO FY2018: $2.9BTMO FY2019: $3.7BTMO FY2020: $6.4BTMO FY2021: $7.7BTMO FY2022: $7BTMO FY2023: $6BTMO FY2024: $6.3BTMO FY2025: $6.7BFY18FY19FY20FY21FY22FY23FY24FY25
BCHT -$3MTMO $6.7B
Net margin
BCHT FY2018: -39.2%BCHT FY2019: -53.4%BCHT FY2020: -71.4%BCHT FY2021: -27.9%BCHT FY2022: -7.3%BCHT FY2023: 32.2%BCHT FY2024: -62.1%BCHT FY2025: -17.2%TMO FY2018: 12.1%TMO FY2019: 14.5%TMO FY2020: 19.8%TMO FY2021: 19.7%TMO FY2022: 15.5%TMO FY2023: 14.0%TMO FY2024: 14.8%TMO FY2025: 15.0%FY18FY19FY20FY21FY22FY23FY24FY25
BCHT -17.2%TMO 15.0%
Revenue growth
BCHT FY2019: -7.1%BCHT FY2020: -28.5%BCHT FY2021: +59.5%BCHT FY2022: +66.2%BCHT FY2023: -18.5%BCHT FY2024: -1.2%BCHT FY2025: +1.3%TMO FY2019: +4.9%TMO FY2020: +26.1%TMO FY2021: +21.7%TMO FY2022: +14.5%TMO FY2023: -4.6%TMO FY2024: +0.1%TMO FY2025: +3.9%FY19FY20FY21FY22FY23FY24FY25
BCHT +1.3%TMO +3.9%
Free cash flow
BCHT FY2020: -$1.2MBCHT FY2021: -$217KBCHT FY2022: $60.3KBCHT FY2023: $19.2MBCHT FY2024: -$4.9MBCHT FY2025: -$729.4KTMO FY2018: $3.8BTMO FY2019: $4BTMO FY2020: $6.8BTMO FY2021: $6.8BTMO FY2022: $6.9BTMO FY2023: $6.9BTMO FY2024: $7.3BTMO FY2025: $6.3BFY18FY19FY20FY21FY22FY23FY24FY25
BCHT -$729.4KTMO $6.3B

Fiscal years as each company reports them; the two may end in different months.

Questions about Birchtech and Thermo Fisher Scientific

Which is bigger by revenue, Birchtech or Thermo Fisher Scientific?

Thermo Fisher Scientific is bigger by revenue: $44.6B in fiscal 2025, against $17.6M for Birchtech in fiscal 2025.

Which keeps more of its revenue as profit, Birchtech or Thermo Fisher Scientific?

Birchtech had a net margin of -17.2% in fiscal 2025; Thermo Fisher Scientific had 15.0% in fiscal 2025.

Which grew revenue faster, Birchtech or Thermo Fisher Scientific?

In their latest fiscal years revenue changed by +1.3% at Birchtech and +3.9% at Thermo Fisher Scientific.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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