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

Thermo Fisher Scientific Inc.

TMO Healthcare Diagnostics & Research

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%
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

Thermo Fisher Scientific Inc. (TMO) P/S ratio

Alert me on P/S ratio

As of 16 October 2026, Thermo Fisher Scientific Inc. (TMO) trades at a P/S ratio of 5.5×. Over the past ten years it has ranged from 2.8× (September 2015) to 7.3× (November 2020); the current reading is higher than 88% of that period. That is above the Diagnostics & Research industry median of 4.4× and above the Healthcare sector median of 3.4×.

P/S ratio, daily

Embed this chart

Annual newest first

Period P/S ratio Change
FY2025 4.9× 5.79%
FY2024 4.6× (5.44%)
FY2023 4.9× 1.51%
FY2022 4.8× (27.99%)
FY2021 6.7× 17.11%
FY2020 5.7× 12.53%
FY2019 5.1× 37.75%
FY2018 3.7× 1.35%
FY2017 3.6× 17.34%
FY2016 3.1× (6.92%)

Quarterly newest first

Period P/S ratio Change
Jun 2026 4.0× (0.77%)
Mar 2026 4.0× (17.49%)
Dec 2025 4.9× 16.96%
Sep 2025 4.2× 18.19%
42 more quarters

Against its own ten years

Low 2.8× High 7.3×
Ten-year median 4.5×
Current reading's percentile 87

P/S ratio against peers

Company P/S ratio
IQV IQVIA Holdings Inc. compare 2.6×
TMO Thermo Fisher Scientific Inc. 5.5×
DHR Danaher Corporation compare 6.4×
A Agilent Technologies, Inc. compare 6.6×
MTD Mettler-Toledo International, Inc. compare 7.9×
ILMN Illumina, Inc. compare 8.8×
WAT Waters Corporation compare 9.2×
IDXX IDEXX Laboratories, Inc. compare 9.7×
NTRA Natera, Inc. compare 20.7×
Diagnostics & Research industry median 4.4×
Healthcare sector median 3.4×
Market median 1.9×

What P/S ratio is

Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.

(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)

The full definition of P/S ratio →

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