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

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Columns are period end dates

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