stockrowThermo 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
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Thermo Fisher Scientific Inc. (TMO) Return on equity
Thermo Fisher Scientific Inc.'s return on equity over the twelve months to 30 September 2026 was 13.4%, up 0.4 percentage points from fiscal 2025 (13.0%). Over the past ten years it has ranged from 9.43% (fiscal 2016) to 20.5% (fiscal 2021); the current reading is higher than 55% of that period. That is above the Diagnostics & Research industry median of 0.00% and above the Healthcare sector median of −26.3%.
Return on equity, annual
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Annual newest first
| Period | Return on equity | Change (points) |
|---|---|---|
| FY2025 | 13.0% | (0.14) |
| FY2024 | 13.2% | (0.05) |
| FY2023 | 13.2% | (3.16) |
| FY2022 | 16.4% | (4.13) |
| FY2021 | 20.5% | 0.64 |
| FY2020 | 19.9% | 6.95 |
| FY2019 | 12.9% | 1.82 |
| FY2018 | 11.1% | 1.61 |
| FY2017 | 9.48% | 0.05 |
| FY2016 | 9.43% | 0.00 |
Against its own ten years
Return on equity against peers
| Company | Return on equity |
|---|---|
| IDXX IDEXX Laboratories, Inc. compare | 68.9% |
| ILMN Illumina, Inc. compare | 32.4% |
| IQV IQVIA Holdings Inc. compare | 21.3% |
| A Agilent Technologies, Inc. compare | 21.0% |
| TMO Thermo Fisher Scientific Inc. | 13.4% |
| DHR Danaher Corporation compare | 8.27% |
| WAT Waters Corporation compare | 0.00% |
| NTRA Natera, Inc. compare | −10.6% |
| MTD Mettler-Toledo International, Inc. compare | −736.4% |
| Diagnostics & Research industry median | 0.00% |
| Healthcare sector median | −26.3% |
| Market median | 0.51% |
What Return on equity is
ROE shows how much profit a company earns for its shareholders on the equity they have in the business.
Annual: Net Income Allotted to Shareholders ÷ Average Common Equity; TTM: Net Income Allotted to Shareholders ÷ Average Common Equity (latest quarter)
More on TMO
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement