Stocktoria
THERMO FISHER SCIENTIFIC INC. TMO
THERMO FISHER SCIENTIFIC INC. financials (annual)
Bars are annual figures from 2016 to 2025; red bars are negative (a loss or cash outflow).
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $44.6B | $42.9B | $42.9B | $44.9B | $39.2B | $32.2B | $25.5B | $24.4B | $20.9B | $18.3B |
| R&D expense | $1.4B | $1.4B | $1.3B | $1.5B | $1.4B | $1.2B | $1.0B | $967.0M | $887.0M | $754.0M |
| SG&A expense | $8.7B | $8.6B | $8.4B | $9.0B | $8.0B | $6.9B | $6.1B | $6.1B | $5.5B | $5.0B |
| Operating income | $7.7B | $7.3B | $6.9B | $8.4B | $10.0B | $7.8B | $4.6B | $3.8B | $3.0B | $2.5B |
| Interest expense | — | — | $1.4B | $726.0M | $536.0M | $553.0M | $676.0M | $667.0M | $592.0M | $469.0M |
| Income tax | $547.0M | $657.0M | $284.0M | $703.0M | $1.1B | $850.0M | $374.0M | $324.0M | $201.0M | -$1.0M |
| Net income | $6.7B | $6.3B | $6.0B | — | — | — | — | — | — | — |
| EPS (diluted) | $17.74 | $16.53 | $15.45 | $17.63 | $19.46 | $15.96 | $9.17 | $7.24 | $5.59 | $5.09 |
| Operating cash flow | $7.8B | $8.7B | $8.4B | $9.2B | $9.3B | $8.3B | $5.0B | $4.5B | $4.0B | $3.3B |
| Free cash flow | $6.3B | $7.3B | $6.9B | $6.9B | $6.8B | $6.8B | $4.0B | $3.8B | $3.5B | $2.8B |
| Cash & equivalents | $9.9B | $4.0B | $8.1B | $8.5B | $4.5B | $10.3B | $2.4B | $2.1B | $1.3B | $786.0M |
| Inventory | $5.4B | $5.0B | $5.1B | $5.6B | $5.1B | $4.0B | $3.4B | $3.0B | $3.0B | $2.2B |
| Total assets | $110.3B | $97.3B | $98.7B | $97.2B | $95.1B | $69.1B | $58.4B | $56.2B | $56.7B | $45.9B |
| Shareholders' equity | $53.4B | $49.6B | $46.7B | $44.0B | $40.9B | $34.5B | $29.7B | $27.6B | $25.4B | $21.5B |
Growth · year-over-year · Revenue CAGR 10.4%
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth | +3.9% | +0.1% | -4.6% | +14.5% | +21.7% | +26.1% | +4.9% | +16.4% | +14.5% | +7.7% |
| Net income growth | +5.8% | +5.7% | — | — | — | — | — | — | — | — |
| EPS growth | +7.3% | +7.0% | -12.4% | -9.4% | +21.9% | +74.0% | +26.7% | +29.5% | +9.8% | +3.5% |
| Free cash flow growth | -13.4% | +4.9% | +0.2% | +1.8% | -0.4% | +68.4% | +6.9% | +8.2% | +24.2% | +11.4% |
Each column is the change versus the prior fiscal year. Growth off a negative or zero base is shown as “—”. CAGR is the compound annual revenue growth across the years shown.
Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.