THERMO FISHER SCIENTIFIC INC.
THERMO FISHER SCIENTIFIC INC.
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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 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Financial statements beyond 3 years are for subscribers only. Unlock 17+ years of income statements, balance sheets, and cash flow statements Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets | |||||||||||||||||
Assets Current | |||||||||||||||||
Cash And Cash Equivalents At Carrying Value | 4,064 | 3,254 | 9,852 | 1,982 | 4,576 | 4,134 | 4,009 | 4,645 | 7,073 | 5,499 | 8,077 | 6,151 | |||||
Short Term Investments | 0 | 2 | 253 | 1,564 | 1,814 | 1,813 | 1,561 | 2,000 | 1,750 | 1,751 | 3 | - | |||||
Accounts Receivable Net Current | 9,451 | 9,204 | 8,900 | 8,911 | 8,594 | 8,455 | 8,191 | 8,255 | 7,943 | 7,931 | 8,221 | 8,370 | |||||
Inventory Net | 5,627 | 5,496 | 5,425 | 5,745 | 5,559 | 5,224 | 4,978 | 5,430 | 5,198 | 5,133 | 5,088 | 5,404 | |||||
Contract With Customer Asset Net Current | 1,688 | 1,684 | 1,666 | 1,620 | 1,441 | 1,366 | 1,435 | 1,541 | 1,487 | 1,422 | 1,443 | 1,465 | |||||
Other Assets Current | 2,536 | 2,677 | 2,612 | 2,472 | 2,599 | 2,387 | 1,964 | 1,911 | 2,025 | 1,904 | 1,757 | 1,702 | |||||
Assets Current | 23,365 | 22,316 | 28,707 | 22,295 | 24,584 | 23,378 | 22,137 | 23,783 | 25,476 | 23,640 | 24,589 | 23,092 | |||||
Property Plant And Equipment Net | 10,755 | 10,658 | 10,565 | 10,177 | 9,635 | 9,331 | 9,306 | 9,412 | 9,282 | 9,324 | 9,448 | 9,167 | |||||
Intangible Assets Net Excluding Goodwill | 18,606 | 19,146 | 15,838 | 16,242 | 15,148 | 15,323 | 15,533 | 16,262 | 15,519 | 16,048 | 16,670 | 17,091 | |||||
Other Assets Noncurrent | 5,616 | 5,973 | 5,871 | 5,019 | 4,615 | 4,516 | 4,492 | 4,180 | 4,377 | 4,241 | 3,999 | 4,124 | |||||
Goodwill | 54,832 | 55,187 | 49,362 | 49,287 | 47,249 | 46,493 | 45,853 | 46,726 | 43,843 | 43,843 | 44,020 | 43,583 | |||||
Assets | 113,174 | 113,281 | 110,343 | 103,020 | 101,230 | 99,041 | 97,321 | 100,364 | 98,496 | 97,095 | 98,726 | 97,057 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Liabilities Current | |||||||||||||||||
Debt Current | 3,368 | 3,090 | 3,533 | 3,823 | 2,214 | 2,819 | 2,214 | 4,116 | 5,121 | 4,451 | 3,609 | 4,795 | |||||
Accounts Payable Current | 3,268 | 3,344 | 3,622 | 3,120 | 2,980 | 3,049 | 3,079 | 2,606 | 2,547 | 2,555 | 2,872 | 2,508 | |||||
Employee Related Liabilities Current | 1,694 | 1,565 | 1,995 | 1,884 | 1,518 | 1,419 | 1,988 | 1,823 | 1,495 | 1,314 | 1,596 | 1,460 | |||||
Contract With Customer Liability Current | 2,918 | 2,928 | 2,710 | 2,852 | 2,805 | 2,866 | 2,852 | 2,663 | 2,591 | 2,632 | 2,689 | 2,547 | |||||
Other Liabilities Current | 3,823 | 3,694 | 3,329 | 3,209 | 3,200 | 3,022 | 3,199 | 3,393 | 3,019 | 2,985 | 3,246 | 2,848 | |||||
Liabilities Current | 15,069 | 14,621 | 15,189 | 14,888 | 12,718 | 13,174 | 13,332 | 14,601 | 14,772 | 13,937 | 14,012 | 14,158 | |||||
Deferred Income Tax Liabilities Net | 1,579 | 2,107 | 1,493 | 842 | 624 | 1,041 | 1,268 | 1,123 | 1,516 | 1,811 | 1,922 | 2,620 | |||||
Other Liabilities Noncurrent | 4,538 | 4,421 | 4,273 | 4,278 | 4,270 | 3,971 | 3,989 | 4,343 | 4,391 | 4,567 | 4,642 | 4,326 | |||||
Long Term Debt And Capital Lease Obligations | 39,181 | 40,071 | 35,852 | 31,857 | 33,015 | 31,370 | 29,061 | 31,197 | 30,284 | 31,157 | 31,308 | 30,489 | |||||
Redeemable Noncontrolling Interest Equity Carrying… | 121 | 121 | 122 | 129 | 126 | 128 | 120 | 127 | 115 | 119 | 118 | 118 | |||||
Stockholders Equity Inclu… | |||||||||||||||||
Stockholders Equity | |||||||||||||||||
Preferred Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | 0 | |||||
Common Stock Value | 446 | 445 | 445 | 445 | 444 | 444 | 444 | 444 | 443 | 443 | 442 | 442 | |||||
Additional Paid In Capital Common Stock | 18,870 | 18,713 | 18,563 | 18,330 | 18,232 | 18,111 | 17,962 | 17,831 | 17,649 | 17,482 | 17,286 | 17,165 | |||||
Retained Earnings Accumulated Deficit | 62,194 | 60,632 | 59,156 | 57,354 | 55,901 | 54,447 | 53,102 | 51,421 | 49,940 | 48,542 | 47,364 | 45,869 | |||||
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 | 52,679 | 51,934 | 53,407 | 51,024 | 50,476 | 49,357 | 49,584 | 48,972 | 47,419 | 45,504 | 46,724 | 45,328 | |||||
Minority Interest | 7 | 7 | 7 | 7 | -35 | -33 | -33 | -20 | -12 | -12 | -11 | 18 | |||||
Liabilities And Stockholders Equity | 113,174 | 113,281 | 110,343 | 103,020 | 101,230 | 99,041 | 97,321 | 100,364 | 98,496 | 97,095 | 98,726 | 97,057 | |||||
Allowance For Doubtful Accounts Receivable Current | 148 | 149 | 147 | 155 | 160 | 165 | 173 | 204 | 202 | 197 | 193 | 184 | |||||
Preferred Stock Par Or Stated Value Per Share | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | |||||
Preferred Stock Shares Authorized | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Preferred Stock Shares Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Par Or Stated Value Per Share | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |||||
Common Stock Shares Authorized | 1,200 | 1,200 | 1,200 | 1,200 | 1,200 | 1,200 | 1,200 | 1,200 | 1,200 | 1,200 | 1,200 | 1,200 | |||||
Common Stock Shares Issued | 446 | 445 | 445 | 445 | 444 | 444 | 444 | 444 | 443 | 443 | 442 | 442 | |||||
Treasury Stock Common Shares | 76 | 74 | 69 | 69 | 67 | 67 | 63 | 61 | 61 | 61 | 56 | 56 | |||||
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Interactive Financial Visualizations
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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% |
| 2024 | 2.04% | -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 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Metric history beyond 3 years is for subscribers only. Unlock 17+ years of history across 90+ calculated metrics Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | |||||||||||||||||
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| EV EBITDA TTM | |||||||||||||||||
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| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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Insider Transactions
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Institutional Ownership
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.