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THERMO FISHER SCIENTIFIC INC.

TMO

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Financial Statements

Values in Millions ($)
2026-06-30
2026-03-31
2025-12-31
2025-09-30
2025-06-30
2025-03-31
2024-12-31
2024-09-30
2024-06-30
2024-03-31
2023-12-31
2023-09-30
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Assets
Assets Current
Cash And Cash Equivalents At Carrying Value
4,0643,2549,8521,9824,5764,1344,0094,6457,0735,4998,0776,151
Short Term Investments
022531,5641,8141,8131,5612,0001,7501,7513-
Accounts Receivable Net Current
9,4519,2048,9008,9118,5948,4558,1918,2557,9437,9318,2218,370
Inventory Net
5,6275,4965,4255,7455,5595,2244,9785,4305,1985,1335,0885,404
Contract With Customer Asset Net Current
1,6881,6841,6661,6201,4411,3661,4351,5411,4871,4221,4431,465
Other Assets Current
2,5362,6772,6122,4722,5992,3871,9641,9112,0251,9041,7571,702
Assets Current
23,36522,31628,70722,29524,58423,37822,13723,78325,47623,64024,58923,092
Property Plant And Equipment Net
10,75510,65810,56510,1779,6359,3319,3069,4129,2829,3249,4489,167
Intangible Assets Net Excluding Goodwill
18,60619,14615,83816,24215,14815,32315,53316,26215,51916,04816,67017,091
Other Assets Noncurrent
5,6165,9735,8715,0194,6154,5164,4924,1804,3774,2413,9994,124
Goodwill
54,83255,18749,36249,28747,24946,49345,85346,72643,84343,84344,02043,583
Assets
113,174113,281110,343103,020101,23099,04197,321100,36498,49697,09598,72697,057
Liabilities And Stockhold…
Liabilities Current
Debt Current
3,3683,0903,5333,8232,2142,8192,2144,1165,1214,4513,6094,795
Accounts Payable Current
3,2683,3443,6223,1202,9803,0493,0792,6062,5472,5552,8722,508
Employee Related Liabilities Current
1,6941,5651,9951,8841,5181,4191,9881,8231,4951,3141,5961,460
Contract With Customer Liability Current
2,9182,9282,7102,8522,8052,8662,8522,6632,5912,6322,6892,547
Other Liabilities Current
3,8233,6943,3293,2093,2003,0223,1993,3933,0192,9853,2462,848
Liabilities Current
15,06914,62115,18914,88812,71813,17413,33214,60114,77213,93714,01214,158
Deferred Income Tax Liabilities Net
1,5792,1071,4938426241,0411,2681,1231,5161,8111,9222,620
Other Liabilities Noncurrent
4,5384,4214,2734,2784,2703,9713,9894,3434,3914,5674,6424,326
Long Term Debt And Capital Lease Obligations
39,18140,07135,85231,85733,01531,37029,06131,19730,28431,15731,30830,489
Redeemable Noncontrolling Interest Equity Carrying…
121121122129126128120127115119118118
Stockholders Equity Inclu…
Stockholders Equity
Preferred Stock Value
0000000000-0
Common Stock Value
446445445445444444444444443443442442
Additional Paid In Capital Common Stock
18,87018,71318,56318,33018,23218,11117,96217,83117,64917,48217,28617,165
Retained Earnings Accumulated Deficit
62,19460,63259,15657,35455,90154,44753,10251,42149,94048,54247,36445,869
Treasury Stock Common Value
-26,370-25,360-22,309-22,310-21,269-21,269-19,226-18,227-18,187-18,186-15,133-15,121
Accumulated Other Comprehensive Income Loss Net Of…
-2,460-2,497-2,448-2,801-2,797-2,343-2,697-2,477-2,413-2,764-3,224-3,027
Stockholders Equity
52,67951,93453,40751,02450,47649,35749,58448,97247,41945,50446,72445,328
Minority Interest
7777-35-33-33-20-12-12-1118
Liabilities And Stockholders Equity
113,174113,281110,343103,020101,23099,04197,321100,36498,49697,09598,72697,057
Allowance For Doubtful Accounts Receivable Current
148149147155160165173204202197193184
Preferred Stock Par Or Stated Value Per Share
100100100100100100100100100100100100
Preferred Stock Shares Authorized
000000000000
Preferred Stock Shares Issued
000000000000
Common Stock Par Or Stated Value Per Share
111111111111
Common Stock Shares Authorized
1,2001,2001,2001,2001,2001,2001,2001,2001,2001,2001,2001,200
Common Stock Shares Issued
446445445445444444444444443443442442
Treasury Stock Common Shares
767469696767636161615656

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Earnings Market Reaction

Fiscal Year
Q1 1 Month
Q1 2 Month
Q1 3 Month
Q2 1 Month
Q2 2 Month
Q2 3 Month
Q3 1 Month
Q3 2 Month
Q3 3 Month
Q4 1 Month
Q4 2 Month
Q4 3 Month
2026-4.46%-0.88%13.60%---------
2025-7.06%-5.96%-1.98%7.98%3.67%16.49%3.54%0.15%9.13%-8.70%1.35%-15.64%
20242.04%-1.29%-6.58%-1.55%-0.26%-2.21%-8.00%-6.00%0.38%-2.85%-18.46%-24.98%
2023----1.28%-8.29%-15.30%7.93%16.42%21.42%4.29%0.91%5.88%

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Performance and Valuation Metrics

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Metrics
2026-06-30
2026-03-31
2025-12-31
2025-09-30
2025-06-30
2025-03-31
2024-12-31
2024-09-30
2024-06-30
2024-03-31
2023-12-31
2023-09-30
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Liquidity Ratios
Current Ratio
1.55
1.53
1.89
1.50
1.93
1.77
1.66
1.63
1.72
1.70
1.75
1.63
Quick Ratio
1.18
1.15
1.53
1.11
1.50
1.38
1.29
1.26
1.37
1.33
1.39
1.25
Working Capital
8.30B
7.70B
13.52B
7.41B
11.87B
10.20B
8.81B
9.18B
10.70B
9.70B
10.58B
8.93B
Leverage & Debt
Debt to Equity
0.29
0.28
0.28
0.29
0.25
0.27
0.27
0.30
0.31
0.31
0.30
0.31
Interest Coverage TTM
5.55
5.37
5.46
5.48
5.37
5.56
5.28
4.90
4.91
4.84
4.99
5.48
Debt Ratio
0.13
0.13
0.14
0.14
0.13
0.13
0.14
0.15
0.15
0.14
0.14
0.15
Efficiency & Turnover
Asset Turnover TTM
0.43
0.43
0.43
0.43
0.43
0.44
0.44
0.43
0.44
0.44
0.44
0.46
Days Sales Outstanding TTM
71.07
71.30
70.00
71.63
69.84
69.71
69.85
71.61
68.79
68.09
69.56
67.42
Receivables Turnover TTM
5.14
5.12
5.21
5.10
5.23
5.24
5.23
5.10
5.31
5.36
5.25
5.41
Per Share Metrics
Diluted EPS TTM
18.85
18.42
17.78
17.37
17.41
17.18
16.54
15.93
16.15
15.62
15.35
15.27
Free Cash Flow Per Share TTM
19.73
18.14
16.69
16.17
16.32
17.79
19.02
20.35
20.85
19.79
17.95
16.96
Dividend Per Share TTM
1.78
1.74
1.69
1.65
1.61
1.58
1.53
1.49
1.45
1.42
1.35
1.31
Margin Metrics
Gross Profit Margin TTM
70.30%
70.04%
69.91%
70.24%
70.22%
70.37%
70.79%
70.43%
70.31%
69.95%
69.27%
68.88%
Operating Profit Margin TTM
17.58%
17.46%
17.38%
17.16%
17.13%
17.23%
17.11%
16.93%
17.01%
16.38%
16.00%
15.81%
Net Profit Margin TTM
15.09%
15.20%
15.08%
15.02%
15.23%
15.18%
14.77%
14.44%
14.60%
14.11%
13.90%
13.64%
Growth Metrics
Net Revenue Growth (1Y)
7.23%
5.36%
3.91%
3.22%
2.05%
0.96%
0.05%
-2.42%
-2.71%
-3.00%
-4.58%
-1.69%
Net Income Growth (1Y)
6.26%
5.51%
6.09%
7.32%
6.42%
8.57%
6.38%
3.31%
8.00%
-0.53%
-14.44%
-15.84%
EPS Growth (1Y)
8.27%
7.22%
7.50%
8.46%
7.55%
9.72%
7.50%
4.39%
9.13%
0.51%
-13.11%
-14.53%
Valuation Metrics
P/E TTM
26.60
26.59
32.44
27.84
23.20
28.75
31.20
38.38
33.93
36.74
34.12
32.69
P/B TTM
3.53
3.52
4.08
3.58
3.03
3.79
3.99
4.79
4.42
4.84
4.35
4.27
P/S TTM
4.01
4.04
4.89
4.18
3.53
4.36
4.61
5.54
4.95
5.19
4.74
4.46
Market Cap
186.00B
182.67B
218.02B
182.84B
152.71B
187.22B
197.63B
234.82B
209.79B
220.35B
203.20B
193.65B
Enterprise Value
224.46B
222.55B
258.31B
216.50B
183.33B
217.23B
224.87B
265.46B
238.10B
250.43B
230.02B
222.76B
Calculated Values
Free Cash Flow TTM
7.32B
6.75B
6.29B
6.11B
6.17B
6.72B
7.27B
7.78B
7.96B
7.56B
6.93B
6.55B
Net Debt
38.45B
39.88B
40.29B
33.67B
30.63B
30.02B
27.24B
30.64B
28.31B
30.09B
26.82B
29.12B
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
NCAV
NCAV Per Share TTM
Valuation Ratios
P/CF TTM
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2026-04-27Sale
Owner: Pettiti, Gianluca
Title: President & COO
Shares: 400
Price/Share: $462.66
Value: $185,064.00
Shares Owned: 25,051
Relationship: Officer
Ownership: Direct
2026-03-11Sale
Owner: Shafer, Michael D
Title: Executive Vice President
Shares: 1,607
Price/Share: $499.40
Value: $802,535.80
Shares Owned: 20,950
Relationship: Officer
Ownership: Direct
2026-03-05Sale
Owner: Casper, Marc N
Title: Chairman & CEO
Shares: 4,000
Price/Share: $512.97
Value: $2,051,880.00
Shares Owned: 123,925
Relationship: Director,Officer
Ownership: Direct
2026-03-04Sale
Owner: Casper, Marc N
Title: Chairman & CEO
Shares: 5,000
Price/Share: $513.29
Value: $2,566,450.00
Shares Owned: 123,925
Relationship: Director,Officer
Ownership: Direct
2026-02-09Sale
Owner: Pettiti, Gianluca
Title: Executive Vice President
Shares: 400
Price/Share: $541.20
Value: $216,480.00
Shares Owned: 20,752
Relationship: Officer
Ownership: Direct

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Institutional Ownership

No data available for chart
2026-03-31
83.70%
Inst. Shares: 311,357,493
Shares Outstanding: 372,000,000
2025-12-31
86.46%
Inst. Shares: 325,967,553
Shares Outstanding: 377,000,000
2025-09-30
83.11%
Inst. Shares: 314,171,304
Shares Outstanding: 378,000,000
2025-06-30
82.79%
Inst. Shares: 312,941,332
Shares Outstanding: 378,000,000
2025-03-31
80.20%
Inst. Shares: 303,153,815
Shares Outstanding: 378,000,000

THERMO FISHER SCIENTIFIC INC. (TMO) — SEC Financial Statements & Analysis

THERMO FISHER SCIENTIFIC INC. (TMO) is a measuring & controlling devices, nec company, incorporated in DE. THERMO FISHER SCIENTIFIC INC. trades on NYSE as: TMO. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), THERMO FISHER SCIENTIFIC INC. reported a 7.23% year-over-year revenue growth, a Gross Profit Margin of 70.30% (TTM), a Debt-to-Equity ratio of 0.29x, a Price-to-Sales (P/S) ratio of 4.01x (TTM), a Price-to-Book (P/B) ratio of 3.53x (TTM), at a market cap of $186.00B. Figures below are sourced from SEC EDGAR, as-filed.

Net Revenue TTM Growth 1Y
7.23%
Gross Profit Margin TTM
70.30%
Debt To Equity
0.29x
P/S TTM
4.01x
P/B TTM
3.53x
Market Cap
$186.00B

Data as of 2026-06-30 · Source: SEC EDGAR

Frequently Asked Questions

What industry is THERMO FISHER SCIENTIFIC INC. in?

THERMO FISHER SCIENTIFIC INC. (TMO) operates in the Measuring & Controlling Devices, NEC industry.

What is TMO's market cap?

THERMO FISHER SCIENTIFIC INC. (TMO) has a market capitalization of $186.00B as of 2026-06-30.

What is TMO's P/E ratio?

THERMO FISHER SCIENTIFIC INC. (TMO)'s trailing twelve month P/E ratio is 26.60x as of 2026-06-30.

What exchange does TMO trade on?

THERMO FISHER SCIENTIFIC INC. (TMO) trades on the NYSE.

Where is THERMO FISHER SCIENTIFIC INC. incorporated?

THERMO FISHER SCIENTIFIC INC. is incorporated in DE.

Wall Street's data.
Main Street's price.