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Friday 6 November 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.

Revenue
+9.13%
EPS
+8.64%
Free cash flow
+15.0%
Total debt
+22.8%

Quarter to September 2026, against a year earlier

679.52 26.64 −3.77%
Market cap
$250.8B
P/E
35.8×
Fwd P/E
35.7×
Dividend yield
0.27%
F-score
5/9
Altman Z
3.84
Beneish M
−2.46
Dividend safety
88/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
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Thermo Fisher Scientific Inc. (TMO) P/S ratio

Alert me on P/S ratio

As of 5 November 2026, Thermo Fisher Scientific Inc. (TMO) trades at a P/S ratio of 5.3×. Over the past ten years it has ranged from 2.8× (September 2015) to 7.3× (November 2020); the current reading is higher than 82% of that period. That is above the Diagnostics & Research industry median of 4.2× and above the Healthcare sector median of 3.5×.

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
Sep 2026 5.3× 31.40%
Jun 2026 4.0× (0.77%)
Mar 2026 4.0× (17.49%)
Dec 2025 4.9× 16.96%
43 more quarters

Against its own ten years

Low 2.8× High 7.3×
Ten-year median 4.5×
Current reading's percentile 80

P/S ratio against peers

Company P/S ratio
IQV IQVIA Holdings Inc. compare 2.5×
TMO Thermo Fisher Scientific Inc. 5.3×
DHR Danaher Corporation compare 6.2×
A Agilent Technologies, Inc. compare 6.6×
ILMN Illumina, Inc. compare 7.0×
WAT Waters Corporation compare 8.0×
MTD Mettler-Toledo International, Inc. compare 8.2×
IDXX IDEXX Laboratories, Inc. compare 11.3×
NTRA Natera, Inc. compare 18.1×
Diagnostics & Research industry median 4.2×
Healthcare sector median 3.5×
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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