Thermo Fisher Scientific Inc.

TMO

$610.00

-1.36%

N/A-$8.43

Healthcare

Medical - Diagnostics & Research

NYSE

Active Trading

Thermo Fisher Scientific Inc. is a global leader in scientific services, providing a comprehensive range of offerings that include life sciences solutions, ...

Financial Highlights of TMO

Profitability trend

Latest / TTM · 6 periods

Gross Margin

40.4%

Net Margin

15.1%

P/E Ratio

32.76x

n/a

Debt / Equity

0.81

n/a

Current Ratio

1.55

Dividend Yield

0.3%

Understanding

TTM —

No major balance sheet stress in these headline ratios.

Financial highlights

Latest / TTM · 6 periods

Snapshot

Latest / TTM: 2026-09-04

Gross Margin

40.4%

Net Margin

15.1%

P/E Ratio

32.76x

Debt / Equity

0.81

Profitability

Profitability table

Metric	2021	2022	2023	2024	2025	2026
Gross MarginGross profit as a percentage of revenue.	50.1%	42.3%	40.1%	41.3%	37.7%	—
Operating MarginOperating income as a percentage of revenue.	26.3%	19.0%	17.4%	17.9%	18.2%	—
Net MarginNet income as a percentage of revenue.	19.7%	15.5%	14.0%	14.8%	15.1%	—
EBITDA MarginEBITDA divided by revenue.	30.5%	26.6%	26.1%	27.5%	25.7%	—
Pre-tax MarginPre-tax profit as a percentage of revenue.	22.5%	17.1%	14.6%	16.3%	16.3%	—

Liquidity & leverage

Liquidity & leverage table

Metric	2021	2022	2023	2024	2025	2026
Current RatioCurrent assets divided by current liabilities.	1.50	1.48	1.75	1.66	1.89	—
Quick RatioLiquid assets divided by current liabilities.	1.12	1.15	1.39	1.29	1.53	—
Cash RatioCash and equivalents divided by current liabilities.	0.33	0.50	0.58	0.30	0.65	—
Debt / AssetsDebt as a share of total assets.	38.2%	37.1%	36.9%	33.7%	35.7%	—
Debt / EquityDebt compared with shareholder equity.	0.89	0.82	0.78	0.66	0.74	—

Operating efficiency

Operating efficiency table

Metric	2021	2022	2023	2024	2025	2026
Receivables TurnoverHow often receivables are collected in a year.	4.38x	4.76x	4.43x	4.45x	4.22x	—
Inventory TurnoverHow often inventory is sold in a year.	3.88x	4.60x	5.04x	5.05x	5.12x	—
Payables TurnoverHow often payables are paid in a year.	6.83x	7.66x	8.94x	8.17x	7.67x	—
Asset TurnoverRevenue generated per dollar of assets.	0.41x	0.46x	0.43x	0.44x	0.40x	—
Working Capital TurnoverRevenue generated per dollar of working capital.	4.28x	6.03x	4.56x	4.42x	3.99x	—

Valuation ratios

Valuation ratios table

Metric	2021	2022	2023	2024	2025	2026
P/E RatioPrice paid for each dollar of earnings.	34.03x	31.06x	34.18x	31.38x	32.61x	—
P/B RatioPrice paid for each dollar of book value.	6.44x	4.91x	4.38x	4.01x	4.08x	—
P/S RatioPrice paid for each dollar of sales.	6.70x	4.81x	4.78x	4.63x	4.89x	—
P/FCF RatioPrice paid for each dollar of free cash flow.	37.45x	31.24x	29.58x	27.35x	34.62x	—
Dividend YieldAnnual dividend divided by current share price.	0.2%	0.2%	0.3%	0.3%	0.3%	—

Supply Chain of TMO

RELATIONS

Upstream

Avantor Inc.NYSE:AVTRMerck KGaA (MilliporeSigma)XETRA:MRKHamamatsu Photonics K.K.TSE:6965Nikon CorporationTSE:7731Carl Zeiss AGBroadcom Inc.NASDAQ:AVGO Texas Instruments IncorporatedNASDAQ:TXN Jabil Inc.NYSE:JBL Flex Ltd.NASDAQ:FLEX Taiwan Semiconductor Manufacturing Co. (TSMC)NYSE:TSM Corning IncorporatedNYSE:GLW

Downstream

Pharmaceutical & Biotechnology Customers (General)Academic & Government Research InstitutionsDiagnostics & Healthcare CustomersIndustrial & Applied CustomersBio-Techne CorporationNASDAQ:TECH Pfizer Inc.NYSE:PFE Merck & Co., Inc.NYSE:MRK Roche Holding AGOTC:RHHBY AstraZeneca PLCNASDAQ:AZN Eli Lilly and CompanyNYSE:LLY Samsung Electronics Co., Ltd.KRX:005930 Intel CorporationNASDAQ:INTCFisher Scientific (in-house channel)VWR International (part of Avantor)NYSE:AVTR

Proxies

Danaher CorporationNYSE:DHR Agilent Technologies Inc.NYSE:A Waters CorporationNYSE:WAT Bio-Rad Laboratories, Inc.NYSE:BIO IQVIA Holdings Inc.NYSE:IQV

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