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

Thermo Fisher Scientific brought in $44.6B of revenue in fiscal 2025, Trimble $3.6B in fiscal 2025. Revenue changed by +3.9% at Thermo Fisher Scientific and -2.6% at Trimble on the year before, so Thermo Fisher Scientific grew faster. Thermo Fisher Scientific kept 15.0% of its revenue as net profit, Trimble 11.8%. Free cash flow was $6.3B at Thermo Fisher Scientific and $360.9M at Trimble.

Side by side, latest fiscal year

TMOTRMB
Fiscal year endedFY2025 (December 31, 2025)FY2025 (January 2, 2026)
Revenue$44.6B$3.6B
Revenue growth+3.9%-2.6%
Net income$6.7B$424M
Net margin15.0%11.8%
Free cash flow$6.3B$360.9M
Free cash flow margin14.1%10.1%
Earnings per share (diluted)$17.74$1.76
Cash$9.9B$253.4M
Debt$39.2B$1.4B
Price to earnings38.032.9
Market value$249.6B$13.5B
Dividend yield0.25%n/a
Rank by revenue in sector#12 of 451 · Industrials#157 of 451 · Industrials

Over the years

Revenue
TMO FY2018: $24.4BTMO FY2019: $25.5BTMO FY2020: $32.2BTMO FY2021: $39.2BTMO FY2022: $44.9BTMO FY2023: $42.9BTMO FY2024: $42.9BTMO FY2025: $44.6BTRMB FY2018: $3.1BTRMB FY2019: $3.3BTRMB FY2020: $3.2BTRMB FY2021: $3.7BTRMB FY2022: $3.7BTRMB FY2023: $3.8BTRMB FY2024: $3.7BTRMB FY2025: $3.6BFY18FY19FY20FY21FY22FY23FY24FY25
TMO $44.6BTRMB $3.6B
Net income
TMO FY2018: $2.9BTMO FY2019: $3.7BTMO FY2020: $6.4BTMO FY2021: $7.7BTMO FY2022: $7BTMO FY2023: $6BTMO FY2024: $6.3BTMO FY2025: $6.7BTRMB FY2018: $282.8MTRMB FY2019: $514.3MTRMB FY2020: $389.9MTRMB FY2021: $492.7MTRMB FY2022: $449.7MTRMB FY2023: $311.3MTRMB FY2024: $1.5BTRMB FY2025: $424MFY18FY19FY20FY21FY22FY23FY24FY25
TMO $6.7BTRMB $424M
Net margin
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%TRMB FY2018: 9.0%TRMB FY2019: 15.7%TRMB FY2020: 12.4%TRMB FY2021: 13.5%TRMB FY2022: 12.2%TRMB FY2023: 8.2%TRMB FY2024: 40.8%TRMB FY2025: 11.8%FY18FY19FY20FY21FY22FY23FY24FY25
TMO 15.0%TRMB 11.8%
Revenue growth
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%TRMB FY2019: +4.4%TRMB FY2020: -3.6%TRMB FY2021: +16.1%TRMB FY2022: +0.5%TRMB FY2023: +3.3%TRMB FY2024: -3.0%TRMB FY2025: -2.6%FY19FY20FY21FY22FY23FY24FY25
TMO +3.9%TRMB -2.6%
Free cash flow
TMO FY2018: $3.8BTMO FY2019: $4BTMO FY2020: $6.8BTMO FY2021: $6.8BTMO FY2022: $6.9BTMO FY2023: $6.9BTMO FY2024: $7.3BTMO FY2025: $6.3BTRMB FY2018: $419.1MTRMB FY2019: $516MTRMB FY2020: $615.2MTRMB FY2021: $704.4MTRMB FY2022: $348MTRMB FY2023: $555.1MTRMB FY2024: $497.8MTRMB FY2025: $360.9MFY18FY19FY20FY21FY22FY23FY24FY25
TMO $6.3BTRMB $360.9M

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

Questions about Thermo Fisher Scientific and Trimble

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

Thermo Fisher Scientific is bigger by revenue: $44.6B in fiscal 2025, against $3.6B for Trimble in fiscal 2025.

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

Thermo Fisher Scientific had a net margin of 15.0% in fiscal 2025; Trimble had 11.8% in fiscal 2025.

Which grew revenue faster, Thermo Fisher Scientific or Trimble?

In their latest fiscal years revenue changed by +3.9% at Thermo Fisher Scientific and -2.6% at Trimble.

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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