Thermo Fisher Scientific Inc.

Thermo Fisher Scientific Inc.

TMO
Thermo Fisher Scientific Inc.US flagNew York Stock Exchange
618.43
USD
+9.89
- -
229.82BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
36.33
42.41
42.55
46.29
52.96
60.59
63.86
81.36
99.52
114.58
111.03
112.25
118.19
123.81
Basic EPS, GAAP
3.53
4.76
4.95
5.12
5.63
7.31
9.24
16.1
19.61
17.73
15.53
16.58
17.78
18.62
Free Cash Flow per Basic Share
4.8
5.5
6.32
7.13
8.85
9.42
10.12
17.21
17.23
17.63
17.95
19.02
16.69
19.55
Dividend per Share
0.6
0.59
0.6
0.6
0.6
0.66
0.74
0.85
1
1.16
1.35
1.53
1.69
1.77
Book Value per Share
46.57
51.31
53.42
54.75
63.32
68.6
74.42
86.99
103.42
112.62
120.87
130.22
141.96
142.48
Tangible Book Value per Share
-7.51
-30.98
-25.61
-34.97
-41.27
-31.68
-25.21
-10.64
-53.86
-37.54
-36.09
-30.99
-31.35
-56.14
Basic Weighted Avg Shares
360
398
399
395
395
402
400
396
394
392
386
382
377
374
Sales/Revenue/Turnover
13,090
16,890
16,965
18,274
20,918
24,358
25,542
32,218
39,211
44,915
42,857
42,879
44,557
46,336
Operating Margin (%)
12.89
11.28
14.45
14.49
14.61
15.74
16.37
24.5
26.08
18.94
17.08
18
18.2
18.29
Depreciation Expense
1,000
1,685
1,688
1,758
2,033
2,267
2,277
2,325
2,592
3,381
3,406
3,108
2,780
2,942
Net Income, GAAP
1,273
1,894
1,975
2,022
2,225
2,938
3,696
6,375
7,725
6,950
5,995
6,335
6,704
6,967
Effective Tax Rate (%)
3.06
9.18
- -
- -
8.28
9.93
9.18
11.76
12.54
8.97
4.51
9.34
7.48
7.82
Profit Margin (%)
9.73
11.22
11.64
11.06
10.64
12.06
14.47
19.79
19.7
15.47
13.99
14.77
15.05
15.04
Working Capital
6,755
1,190
1,595
2,155
2,373
4,478
5,696
11,653
6,677
8,219
10,577
8,805
13,518
8,296
LT Debt
9,500
12,352
11,420
15,372
18,873
17,719
17,076
19,107
32,333
28,909
31,308
29,061
35,852
39,181
Total Equity
16,856
20,548
21,350
21,540
25,413
27,586
29,675
34,517
40,977
44,148
46,842
49,672
53,536
52,808
Return on Invested Capital (%)
6.57
5.54
- -
- -
6.63
7.44
8.1
13.47
13.57
10.05
8.73
8.62
8.65
8.64
Return on Capital (%)
6.12
7.46
- -
- -
6.54
7.61
9.17
13.24
12.4
9.84
9.16
9.33
9.2
9.16
Return on Common Equity (%)
7.88
10.13
9.43
9.43
9.48
11.09
12.91
19.87
20.52
16.4
13.22
13.15
13.02
13.5

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
3,533
3,090
3,368
LT Borrowings
35,852
40,071
39,181
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
376
372
370
Market Capitalization
218,002
182,663
185,376

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
28,707
22,316
23,365
Cash, Cash Equivalents & STI
10,105
3,256
4,064
Accounts Receivable, Net
8,900
9,204
9,451
Inventories
5,425
5,496
5,627
Total Current Liabilities
15,189
14,621
15,069
Payables & Accruals
8,946
8,603
8,785
ST Debt
3,533
3,090
3,368
Deferred Revenue
2,710
2,928
2,918

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.77%
9.28%
7.78%
Free Cash Flow
11.27%
-1.37%
-13.4%
Net Income, GAAP
15.16%
1.78%
5.82%
Sales/Revenue/Turnover
10.53%
7.13%
3.91%
Total Cash Common Dividend
10.36%
13.58%
9.09%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
10,345
10,541
10,598
11,395
42,879
2025
10,364
10,854
11,122
12,215
44,557
2026
11,005
11,994
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3.48
4.05
4.27
4.79
16.58
2025
3.99
4.28
4.28
5.22
17.78
2026
4.44
4.68
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.35
0.39
0.39
0.39
1.53
2025
0.39
0.43
0.43
0.43
1.69
2026
0.44
0.47
- -
- -
- -

Company Description

CEO
Marc N. Casper
Full Time Employees
125,000
Sector
Healthcare
Industry
Medical - Diagnostics & Research
Address
168 Third Avenue Waltham MA United States of America 02451
IPO Date
Mar 17, 1980
Business
Thermo Fisher Scientific Inc. (NYSE: TMO) provides analytical instruments, equipment, software, services, consumables, and reagents for research, analysis, discovery, and diagnostics worldwide. The company offers products including mass spectrometry systems, chromatography instruments, genetic analysis tools, bioprocessing equipment, clinical diagnostics assays, laboratory automation solutions, and electron microscopy technologies; its key brands encompass Thermo Scientific, Invitrogen, Fisher Scientific, Unity Lab Services, and Patheon. Headquartered in Waltham, Massachusetts, Thermo Fisher was originally founded in 1902 through the merger of Fisher Scientific and Thermo Electron in 2006, and operates in over 70 countries serving pharmaceutical, biotechnology, academic, government, and healthcare customers across life sciences, analytical technologies, specialty diagnostics, and laboratory products segments. Recently, the company expanded its capabilities through the acquisition of Olink Holding AB in 2024 to bolster proteomics offerings, launched the new Orbitrap Astral mass spectrometer in late 2024 for high-throughput proteomics, and formed strategic partnerships including a multi-year collaboration with AstraZeneca to advance biomarker discovery; in 2025, Thermo Fisher announced expansions in gene editing technologies and sustainable manufacturing initiatives amid ongoing supply chain optimizations.

Company News

  • Here Are Thursday’s Top Wall Street Analyst Research Calls: Broadcom, Deere & Company, Dell Technologies, Devon Energy, Moderna, Permian Resources, PG&E, Thermo Fisher, Viper Energy, and More

  • Why Moderna's Cancer Vaccine Matters to Investors

  • Thermo Fisher Scientific Launches Multiskan™ Ease Absorbance Microplate Reader to Help Simplify Protein, Cell and Microbial Analysis

  • TMO Stock Could Gain Following the Launch of EMPAD G2 Detector

  • 37,709 Shares in Thermo Fisher Scientific Inc. $TMO Purchased by Beacon Pointe Advisors LLC

  • Ausdal Financial Partners Inc. Makes New $456,000 Investment in Thermo Fisher Scientific Inc. $TMO

  • Bank OZK Takes $1.10 Million Position in Thermo Fisher Scientific Inc. $TMO

  • Thermo Fisher Scientific Introduces the Thermo Scientific™ EMPAD™ G2 Electron Detector to Advance Materials Research

  • Delta Air, Target, Thermo Fisher Scientific And A Financial Stock On CNBC's ‘Final Trades'

  • Thermo Fisher Scientific Launches First Orbitrap Mass Spectrometers for Isotope Ratio Analysis, Enabling More Labs to Decode the Story Behind a Sample

  • Is TMO Overvalued? DCF Says Worth $491

  • Avanda Investment Management Pte. Ltd. Invests $2 Million in Thermo Fisher Scientific Inc. $TMO

  • Allworth Financial LP Takes $12.20 Million Position in Thermo Fisher Scientific Inc. $TMO

  • Bank of New York Mellon Corp Invests $1.97 Billion in Thermo Fisher Scientific Inc. $TMO

  • Advisors Capital Management LLC Makes New Investment in Thermo Fisher Scientific Inc. $TMO

  • 3,366 Shares in Thermo Fisher Scientific Inc. $TMO Purchased by BOK Financial Private Wealth Inc.

  • Act Two Investors LLC Acquires New Shares in Thermo Fisher Scientific Inc. $TMO

  • BlackRock Inc. Takes $15.50 Billion Position in Thermo Fisher Scientific Inc. $TMO

  • Baxter Bros Inc. Makes New Investment in Thermo Fisher Scientific Inc. $TMO

  • Avalon Trust Co Buys Shares of 35,466 Thermo Fisher Scientific Inc. $TMO