• Thermo Fisher Scientific average ebitda margin for 2023 was 23.72%, a 16.98% increase from 2022.
• Thermo Fisher Scientific average ebitda margin for 2022 was 28.57%, a 14.94% decline from 2021.
• Thermo Fisher Scientific average ebitda margin for 2021 was 33.59%, a 18.9% decline from 2020.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.