Saturday 17 October 2026 Export TMO’s income statement to Excel — free account

Thermo Fisher Scientific Inc.

Thermo Fisher Scientific Inc.’s revenue for fiscal 2025 (year ended December 2025) was $44.6 billion, up 3.91% from fiscal 2024. In the quarter to June 2026, revenue grew 10.5%, EPS grew 9.35%, free cash flow grew 51.8% and total debt rose 18.7%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years.

690.00 6.49 −0.93%

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Market cap: $257.5B
P/E: 37.1×
Fwd P/E: 23.7×
Dividend yield: 0.27%
F-score: 5/9
Altman Z: 3.84
Beneish M: −2.46
Dividend safety: 88/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
P/E ratio Full definition →	28.01	34.16	30.66	35.16	28.95	34.03	31.15	35.06	31.38	32.61
Piotroski F-Score Full definition →	7	4	7	8	8	5	5	5	7	5
P/S ratio Full definition →	3.11	3.64	3.69	5.09	5.73	6.70	4.83	4.90	4.63	4.90
Altman Z-Score Full definition →	2.43	2.42	3.10	4.06	4.82	4.27	3.89	3.83	4.06	3.84
Altman Z″-Score (non-manufacturers) Full definition →	2.58	2.39	3.07	3.49	4.24	3.17	3.41	3.68	3.97	4.01
P/FCF ratio Full definition →	19.98	21.75	23.46	31.83	27.03	38.61	31.27	29.95	27.13	34.47
Beneish M-Score Full definition →	(2.45)	(2.50)	(2.52)	(2.51)	(2.44)	(2.18)	(2.50)	(2.53)	(2.58)	(2.46)
P/Operating CF Full definition →	47.08	40.85	49.95	67.93	55.24	107.00	62.19	56.42	60.40	63.19
Dividend Safety Score Full definition →	—	—	—	—	—	—	—	—	—	88
P/B ratio Full definition →	2.63	3.00	3.26	4.38	5.34	6.43	4.92	4.50	4.01	4.09
Price to Tangible BV Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EV/Sales Full definition →	3.90	4.48	4.33	5.66	6.00	7.42	5.28	5.44	5.18	5.48
EV/EBITDA Full definition →	16.92	18.78	17.45	21.05	19.10	23.04	20.15	22.72	21.27	23.20
EV/Operating CF Full definition →	21.90	23.41	23.24	29.08	23.31	31.22	25.92	27.75	25.64	31.24
EV/FCF Full definition →	25.12	26.76	27.53	35.42	28.32	42.70	34.21	33.26	30.34	38.54
Quick Ratio Full definition →	0.87	0.74	1.02	1.09	1.56	0.93	0.98	1.16	1.03	1.25
Current Ratio Full definition →	1.44	1.34	1.73	1.92	2.13	1.50	1.48	1.75	1.66	1.89
Net Debt/EBITDA Full definition →	3.46	3.51	2.58	2.14	0.87	2.21	1.73	2.26	2.25	2.45
Debt/Assets Full definition →	33.48%	33.30%	31.51%	29.25%	27.67%	33.99%	29.76%	31.71%	29.86%	32.49%
Debt/Equity Full definition →	0.71	0.74	0.64	0.58	0.55	0.79	0.66	0.67	0.59	0.67
Asset Turnover Full definition →	0.42	0.41	0.43	0.45	0.51	0.48	0.47	0.44	0.44	0.43
Operating CF/Net income Full definition →	1.61	1.80	1.55	1.35	1.30	1.21	1.32	1.40	1.37	1.17
Capex/Depreciation Full definition →	(0.24)	(0.25)	(0.31)	(0.39)	(0.63)	(0.97)	(0.66)	(0.41)	(0.43)	(0.53)
Interest Coverage Full definition →	51.21	5.00	5.67	6.80	14.09	18.71	11.56	4.99	5.28	5.46
ROE Full definition →	9.43%	9.48%	11.09%	12.91%	19.86%	20.50%	16.37%	13.21%	13.16%	13.02%
ROA Full definition →	4.66%	4.34%	5.20%	6.45%	10.01%	9.41%	7.23%	6.12%	6.46%	6.46%
ROIC Full definition →	4.25%	4.31%	5.47%	6.47%	11.25%	9.12%	8.14%	6.13%	6.28%	6.12%
Return on Tangible Assets Full definition →	42.72%	34.66%	33.99%	35.39%	36.29%	51.47%	39.72%	29.94%	34.98%	27.84%
Average Days of Receivables Full definition →	68.45	67.69	61.98	62.15	65.04	74.25	65.95	70.02	69.72	72.91
Research and Development Expense of Revenue Full definition →	4.13%	4.24%	3.97%	3.93%	3.67%	3.59%	3.28%	3.12%	3.24%	3.14%
Selling, General and Administrative Expense of Revenue Full definition →	27.20%	26.31%	24.87%	24.05%	21.51%	20.42%	20.02%	19.71%	20.04%	19.60%
Intangible Assets out of Total Assets Full definition →	0.77	0.74	0.72	0.68	0.56	0.65	0.60	0.61	0.63	0.59
Share Based Compensation of Revenue Full definition →	0.73%	0.76%	0.74%	0.71%	0.61%	0.59%	0.68%	0.65%	0.70%	0.70%
Graham Net Nets Full definition →	(0.31)	(0.29)	(0.20)	(0.13)	(0.07)	(0.13)	(0.13)	(0.13)	(0.13)	(0.13)
Graham Number Full definition →	79.34	90.44	106.17	124.19	177.64	213.90	211.86	205.60	219.98	238.01
Earnings Yield Full definition →	3.57%	2.93%	3.26%	2.84%	3.45%	2.94%	3.21%	2.85%	3.19%	3.07%
Free Cash Flow Yield Full definition →	5.00%	4.60%	4.26%	3.14%	3.70%	2.59%	3.20%	3.34%	3.69%	2.90%
Revenue per Share Full definition →	46.26	52.96	60.59	63.86	81.36	99.52	114.58	111.03	112.25	118.19
Operating CF per Share Full definition →	8.25	10.14	11.30	12.43	20.93	23.63	23.35	21.78	22.69	20.74
Capex per Share Full definition →	(1.06)	(1.27)	(1.76)	(2.22)	(3.70)	(6.35)	(5.66)	(3.61)	(3.52)	(3.93)
Free Cash Flow per Share Full definition →	7.19	8.87	9.54	10.21	17.23	17.28	17.69	18.17	19.17	16.81
Cash per Share Full definition →	1.99	3.38	5.23	6.00	26.07	11.36	21.74	20.93	14.58	26.80
Shareholders Equity per Share Full definition →	54.53	64.34	68.62	74.19	87.16	103.69	112.33	121.05	129.71	141.68
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	54.53	64.34	68.62	74.19	87.16	103.69	112.33	121.05	129.71	141.68
Free Cash Flow Full definition →	2,840.00	3,504.00	3,835.00	4,083.00	6,823.00	6,809.00	6,935.00	7,014.00	7,324.00	6,337.00
Working Capital Full definition →	2,155.00	2,373.00	4,478.00	5,696.00	11,653.00	6,677.00	8,219.00	10,577.00	8,805.00	13,518.00
Capital Expenditures Full definition →	(418.00)	(501.00)	(708.00)	(890.00)	(1,466.00)	(2,503.00)	(2,219.00)	(1,392.00)	(1,343.00)	(1,481.00)
Net Current Asset Value Full definition →	(17,347.00)	(21,835.00)	(18,021.00)	(16,813.00)	(12,578.00)	(34,155.00)	(27,893.00)	(27,413.00)	(25,633.00)	(28,221.00)
EV/EBIT Full definition →	29.02	31.68	27.91	31.48	24.79	28.99	28.27	34.01	30.28	31.52
Capex to Sales Full definition →	0.02	0.02	0.03	0.03	0.05	0.06	0.05	0.03	0.03	0.03
Price to Operating Income Full definition →	23.09	25.75	23.78	28.29	23.67	26.22	25.84	30.62	27.08	28.20
Other line items
Depreciation/Fixed assets Full definition →	0.68	0.50	0.54	0.48	0.39	0.31	0.36	0.36	0.33	0.26
Cash ROIC Full definition →	7.53%	7.68%	8.09%	8.31%	10.67%	8.77%	8.51%	8.15%	8.70%	6.38%
Accounts Receivable Turnover Full definition →	5.90	5.73	6.08	6.02	6.39	5.72	5.58	5.25	5.23	5.21
Accounts Payable Turnover Full definition →	11.33	9.75	8.87	8.04	7.92	7.76	8.30	8.24	8.46	7.85
Inventory Turnover Full definition →	4.71	4.43	4.52	4.46	4.38	4.31	4.86	4.80	5.00	5.06
Average Days of Payables Full definition →	34.13	45.44	43.66	49.30	48.96	53.46	47.57	40.70	44.64	50.23
Days of Inventory on Hand Full definition →	81.57	94.54	81.24	86.54	90.70	94.19	79.26	72.10	72.17	75.24
Average Receivables Full definition →	3,095.00	3,653.00	4,007.50	4,242.50	5,045.00	6,859.00	8,046.00	8,168.00	8,206.00	8,545.50
Average Payables Full definition →	874.10	1,177.00	1,521.50	1,767.50	2,047.50	2,521.00	3,124.00	3,126.50	2,975.50	3,350.50
Average Inventory Full definition →	2,102.35	2,592.00	2,988.00	3,187.50	3,699.50	4,540.00	5,342.50	5,361.00	5,033.00	5,201.50
Average Assets Full definition →	43,371.15	51,288.50	56,450.50	57,306.50	63,716.50	82,087.50	96,138.50	97,940.00	98,023.50	103,832.00
Average Common Equity Full definition →	21,445.10	23,476.50	26,499.50	28,630.50	32,096.00	37,686.00	42,443.50	45,378.00	48,138.00	51,483.00

Fold the line items

Columns are period end dates

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