TMO
Thermo Fisher Scientific Inc
NYSE: TMO · HEALTHCARE · DIAGNOSTICS & RESEARCH
$478.96
+2.72% today
Updated 2026-04-30
Market cap
$173.27B
P/E ratio
25.65
P/S ratio
3.83x
EPS (TTM)
$18.18
Dividend yield
0.37%
52W range
$384 – $643
Volume
2.0M
Thermo Fisher Scientific Inc (TMO) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.79B | $9.75B | $10.50B | $10.11B | $10.79B | $11.73B | $12.51B | $13.09B | $16.89B | $16.97B | $18.27B | $20.92B | $24.36B | $25.54B | $32.22B | $39.21B | $44.91B | $42.86B | $42.88B | $44.56B |
| Revenue growth (YoY) | — | +157.1% | +7.7% | -3.7% | +6.7% | +8.7% | +6.7% | +4.6% | +29.0% | +0.4% | +7.7% | +14.5% | +16.4% | +4.9% | +26.1% | +21.7% | +14.5% | -4.6% | +0.1% | +3.9% |
| Cost of revenue | $2.10B | $5.85B | $6.26B | $6.04B | $6.12B | $6.69B | $7.10B | $7.46B | $9.00B | $9.13B | $9.69B | $11.24B | $13.37B | $14.20B | $16.19B | $19.58B | $25.90B | $25.30B | $25.15B | $27.78B |
| Gross profit | $1.69B | $3.89B | $4.24B | $4.07B | $4.27B | $4.87B | $5.41B | $5.63B | $7.89B | $7.84B | $8.58B | $9.68B | $10.99B | $11.34B | $16.03B | $19.63B | $19.01B | $17.56B | $17.73B | $16.78B |
| Gross margin | 44.5% | 40.0% | 40.4% | 40.3% | 39.6% | 41.5% | 43.3% | 43.0% | 46.7% | 46.2% | 47.0% | 46.3% | 45.1% | 44.4% | 49.7% | 50.1% | 42.3% | 41.0% | 41.3% | 37.7% |
| R&D | $170.18M | $238.70M | $249.10M | $246.10M | $284.40M | $340.20M | $376.40M | $395.50M | $691.10M | $692.30M | $754.80M | $888.00M | $967.00M | $1.00B | $1.18B | $1.41B | $1.47B | $1.34B | $1.39B | $1.40B |
| SG&A | $1.11B | $2.55B | $2.69B | $2.67B | $2.83B | $3.13B | $3.35B | $3.45B | $4.90B | $4.61B | $4.98B | $5.49B | $6.06B | $6.14B | $6.93B | $6.84B | $7.13B | $8.61B | $8.60B | $7.27B |
| Operating income | $365.30M | $1.07B | $1.27B | $1.12B | $1.26B | $1.48B | $1.63B | $1.80B | $2.35B | $2.49B | $2.86B | $3.27B | $3.87B | $4.26B | $7.90B | $10.32B | $8.53B | $6.86B | $7.66B | $8.11B |
| Operating margin | 9.6% | 10.9% | 12.1% | 11.1% | 11.7% | 12.6% | 13.0% | 13.7% | 13.9% | 14.7% | 15.6% | 15.6% | 15.9% | 16.7% | 24.5% | 26.3% | 19.0% | 16.0% | 17.9% | 18.2% |
| EBITDA | $502.07M | $1.78B | $2.07B | $1.83B | $1.91B | $2.18B | $2.49B | $2.58B | $4.25B | $4.04B | $4.25B | $5.05B | $6.20B | $7.02B | $10.11B | $11.97B | $11.94B | $6.86B | $11.80B | $11.47B |
| EBITDA margin | 13.2% | 18.2% | 19.7% | 18.1% | 17.7% | 18.6% | 19.9% | 19.7% | 25.2% | 23.8% | 23.3% | 24.2% | 25.4% | 27.5% | 31.4% | 30.5% | 26.6% | 16.0% | 27.5% | 25.7% |
| EBIT | $261.30M | $1.02B | $1.28B | $1.05B | $1.17B | $1.32B | $1.51B | $1.58B | $2.57B | $2.35B | $2.49B | $3.02B | $3.93B | $4.75B | $7.78B | $9.38B | $8.56B | $6.86B | $8.69B | $8.69B |
| Interest expense | $51.93M | $139.80M | $129.90M | $118.10M | $84.70M | $191.80M | $241.60M | $262.30M | $479.90M | $414.90M | $469.60M | $592.00M | $667.00M | $676.00M | $553.00M | $536.00M | $726.00M | $1.38B | $1.65B | $1.42B |
| Income tax | $43.05M | $101.70M | $160.90M | $75.80M | $101.60M | $109.40M | $11.00M | $40.40M | $191.70M | $-43.90M | $-1.40M | $201.00M | $324.00M | $374.00M | $850.00M | $1.11B | $703.00M | $-284.00M | $657.00M | $547.00M |
| Effective tax rate | 20.3% | 11.8% | 13.9% | 8.2% | 8.9% | 7.6% | 0.9% | 3.1% | 9.2% | -2.3% | -0.1% | 8.3% | 9.9% | 9.2% | 11.8% | 12.6% | 9.2% | -5.0% | 9.4% | 7.5% |
| Net income | $168.94M | $761.10M | $994.20M | $850.30M | $1.04B | $1.33B | $1.18B | $1.27B | $1.89B | $1.98B | $2.02B | $2.23B | $2.94B | $3.70B | $6.38B | $7.72B | $6.95B | $6.00B | $6.33B | $6.74B |
| Net income growth (YoY) | — | +350.5% | +30.6% | -14.5% | +21.8% | +28.4% | -11.4% | +8.1% | +48.8% | +4.3% | +2.3% | +10.1% | +32.0% | +25.8% | +72.5% | +21.2% | -10.0% | -13.7% | +5.7% | +6.3% |
| Profit margin | 4.5% | 7.8% | 9.5% | 8.4% | 9.6% | 11.3% | 9.4% | 9.7% | 11.2% | 11.6% | 11.1% | 10.6% | 12.1% | 14.5% | 19.8% | 19.7% | 15.5% | 14.0% | 14.8% | 15.1% |