Thermo Financial Statements From 2010 to 2025

TMO Stock  USD 519.57  2.48  0.48%   
Thermo Fisher financial statements provide useful quarterly and yearly information to potential Thermo Fisher Scientific investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Thermo Fisher financial statements helps investors assess Thermo Fisher's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Thermo Fisher's valuation are summarized below:
Gross Profit
17.7 B
Profit Margin
0.1477
Market Capitalization
196.9 B
Enterprise Value Revenue
5.1926
Revenue
42.9 B
We have found one hundred twenty available fundamental trend indicators for Thermo Fisher Scientific, which can be analyzed and compared to other ratios and to its competition. Self-guided Investors are advised to double-check Thermo Fisher's current fundamentals against the trend between 2010 and 2025 to make sure the company can sustain itself down the road. As of the 18th of March 2025, Market Cap is likely to grow to about 204 B. Also, Enterprise Value is likely to grow to about 228.5 B

Thermo Fisher Total Revenue

45.02 Billion

Check Thermo Fisher financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Thermo Fisher's main balance sheet or income statement drivers, such as Depreciation And Amortization of 3.3 B, Total Revenue of 45 B or Gross Profit of 19 B, as well as many indicators such as Price To Sales Ratio of 4.87, Dividend Yield of 0.0036 or PTB Ratio of 4.21. Thermo financial statements analysis is a perfect complement when working with Thermo Fisher Valuation or Volatility modules.
  
Check out the analysis of Thermo Fisher Correlation against competitors.

Thermo Fisher Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets102.2 B97.3 B59.2 B
Slightly volatile
Short and Long Term Debt Total32.8 B31.3 B19.8 B
Slightly volatile
Total Current Liabilities14 B13.3 B7.8 B
Slightly volatile
Total Stockholder Equity52 B49.6 B28.8 B
Slightly volatile
Property Plant And Equipment Net9.8 B9.3 B5.1 B
Slightly volatile
Net Debt28.6 B27.3 B16.3 B
Slightly volatile
Retained Earnings55.8 B53.1 B23.6 B
Slightly volatile
Cash4.2 BB3.5 B
Slightly volatile
Non Current Assets Total78.9 B75.2 B45.3 B
Slightly volatile
Cash And Short Term Investments5.8 B5.6 B3.7 B
Slightly volatile
Net Receivables8.6 B8.2 B4.9 B
Slightly volatile
Common Stock Shares Outstanding276.4 M383 M363.2 M
Slightly volatile
Liabilities And Stockholders Equity102.2 B97.3 B59.2 B
Slightly volatile
Non Current Liabilities Total36 B34.3 B19.2 B
Slightly volatile
Inventory5.2 BB3.1 B
Slightly volatile
Other Current Assets3.6 B3.4 B1.3 B
Slightly volatile
Total Liabilities50 B47.6 B30.3 B
Slightly volatile
Total Current Assets23.2 B22.1 B13 B
Slightly volatile
Short Term Debt2.3 B2.2 B2.1 B
Slightly volatile
Intangible Assets16.3 B15.5 B13 B
Slightly volatile
Accounts Payable3.2 B3.1 B1.7 B
Slightly volatile
Property Plant And Equipment Gross16.9 B16.1 B6.7 B
Slightly volatile
Good Will48.1 B45.9 B26.3 B
Slightly volatile
Common Stock Total Equity352.8 M507.1 M401.6 M
Slightly volatile
Common Stock361.8 M444 M398.2 M
Slightly volatile
Other Liabilities6.9 B6.5 BB
Slightly volatile
Other Assets2.7 B2.6 B1.4 B
Slightly volatile
Long Term Debt30.5 B29.1 B18 B
Slightly volatile
Property Plant Equipment11.2 B10.7 BB
Slightly volatile
Warrants88 M133.4 M112.3 M
Slightly volatile
Long Term Debt Total34.9 B33.2 B18.6 B
Slightly volatile
Capital Surpluse14.3 B19.3 B13.8 B
Slightly volatile
Non Current Liabilities Other6.1 BB5.6 B
Slightly volatile
Long Term Investments50.9 M77 M51.7 M
Slightly volatile
Short and Long Term Debt2.5 B2.2 B2.3 B
Slightly volatile
Cash And Equivalents10.3 B9.8 BB
Slightly volatile
Net Invested Capital65 B80.9 B53.9 B
Slightly volatile
Net Working Capital8.1 B8.8 B5.2 B
Slightly volatile
Capital Stock482.3 M444 M438 M
Slightly volatile

Thermo Fisher Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization3.3 B3.1 BB
Slightly volatile
Total Revenue45 B42.9 B25.5 B
Slightly volatile
Gross Profit19 B18.1 B11.6 B
Slightly volatile
Other Operating Expenses37.3 B35.5 B21 B
Slightly volatile
Operating Income7.7 B7.3 B4.4 B
Slightly volatile
EBITDA12.1 B11.5 B6.5 B
Slightly volatile
Cost Of Revenue26 B24.8 B13.9 B
Slightly volatile
Total Operating Expenses11.3 B10.7 B7.1 B
Slightly volatile
Income Before Tax7.4 BBB
Slightly volatile
Net Income6.7 B6.3 B3.7 B
Slightly volatile
Selling General AdministrativeB8.6 B5.6 B
Slightly volatile
Research Development1.5 B1.4 B903.6 M
Slightly volatile
Net Income Applicable To Common Shares8.4 BB3.9 B
Slightly volatile
Net Income From Continuing Ops3.7 B6.3 B3.5 B
Slightly volatile
Interest Income1.1 B1.1 B363.3 M
Slightly volatile
Reconciled Depreciation2.9 B3.1 B2.4 B
Slightly volatile

Thermo Fisher Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Begin Period Cash Flow8.5 B8.1 B3.6 B
Slightly volatile
Depreciation3.3 B3.1 BB
Slightly volatile
Capital Expenditures1.5 B1.4 B936.7 M
Slightly volatile
Total Cash From Operating Activities9.1 B8.7 B5.1 B
Slightly volatile
Net Income6.7 B6.3 B3.6 B
Slightly volatile
End Period Cash Flow4.2 BB3.5 B
Slightly volatile
Dividends Paid509.1 M583 M614.8 M
Pretty Stable
Change To Liabilities782.5 M745.2 M397.1 M
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio4.874.63463.8117
Slightly volatile
Dividend Yield0.00360.00290.0034
Slightly volatile
PTB Ratio4.214.01063.4098
Slightly volatile
Days Sales Outstanding82.4569.724568.3393
Slightly volatile
Book Value Per Share13713074.8765
Slightly volatile
Free Cash Flow Yield0.01910.03660.0426
Slightly volatile
Operating Cash Flow Per Share23.8222.688513.0691
Slightly volatile
Stock Based Compensation To Revenue0.00510.0070.0064
Pretty Stable
Capex To Depreciation0.430.45050.4737
Very volatile
PB Ratio4.214.01063.4098
Slightly volatile
EV To Sales5.535.27054.43
Slightly volatile
Free Cash Flow Per Share19.9719.023610.6431
Slightly volatile
ROIC0.0810.07720.0706
Slightly volatile
Inventory Turnover3.394.97614.3507
Pretty Stable
Net Income Per Share17.4116.58389.4343
Slightly volatile
Days Of Inventory On Hand99.1473.350784.6821
Pretty Stable
Payables Turnover7.268.078.8266
Slightly volatile
Research And Ddevelopement To Revenue0.05540.03240.0392
Pretty Stable
Capex To Revenue0.05530.03270.0352
Slightly volatile
Cash Per Share15.3114.58129.3885
Slightly volatile
POCF Ratio15.3422.929319.5349
Slightly volatile
Interest Coverage6.565.27847.6392
Pretty Stable
Payout Ratio0.10.0920.0949
Pretty Stable
Capex To Operating Cash Flow0.150.16150.188
Pretty Stable
PFCF Ratio28.7127.346624.9367
Slightly volatile
Days Payables Outstanding47.2246.8342.5627
Slightly volatile
Income Quality1.441.36751.4761
Slightly volatile
ROE0.07360.12780.1117
Slightly volatile
EV To Operating Cash Flow18.0126.075222.9318
Slightly volatile
PE Ratio32.9431.369828.8232
Slightly volatile
Return On Tangible Assets0.190.17630.1734
Slightly volatile
EV To Free Cash Flow32.6531.098629.1837
Slightly volatile
Earnings Yield0.04610.03190.038
Slightly volatile
Intangibles To Total Assets0.370.63080.6353
Very volatile
Net Debt To EBITDA1.742.36382.5088
Slightly volatile
Current Ratio2.481.66041.8789
Pretty Stable
Receivables Turnover4.115.23495.4831
Slightly volatile
Graham Number231220125
Slightly volatile
Shareholders Equity Per Share13613074.5999
Slightly volatile
Debt To Equity0.670.63120.6776
Slightly volatile
Capex Per Share3.853.66492.426
Slightly volatile
Revenue Per Share11811266.1479
Slightly volatile
Interest Debt Per Share89.7985.510552.7457
Slightly volatile
Debt To Assets0.210.32140.3171
Pretty Stable
Enterprise Value Over EBITDA12.3419.59217.1095
Slightly volatile
Short Term Coverage Ratios5.613.91464.2267
Pretty Stable
Price Earnings Ratio32.9431.369828.8232
Slightly volatile
Operating Cycle182143153
Slightly volatile
Price Book Value Ratio4.214.01063.4098
Slightly volatile
Days Of Payables Outstanding47.2246.8342.5627
Slightly volatile
Dividend Payout Ratio0.10.0920.0949
Pretty Stable
Price To Operating Cash Flows Ratio15.3422.929319.5349
Slightly volatile
Price To Free Cash Flows Ratio28.7127.346624.9367
Slightly volatile
Pretax Profit Margin0.170.16410.1406
Slightly volatile
Ebt Per Ebit1.250.95910.8998
Slightly volatile
Operating Profit Margin0.0880.17110.1529
Slightly volatile
Company Equity Multiplier2.391.96412.1035
Very volatile
Long Term Debt To Capitalization0.360.36970.3766
Slightly volatile
Total Debt To Capitalization0.390.38690.4004
Slightly volatile
Return On Capital Employed0.05070.08740.0762
Slightly volatile
Debt Equity Ratio0.670.63120.6776
Slightly volatile
Ebit Per Revenue0.0880.17110.1529
Slightly volatile
Quick Ratio1.951.28711.4307
Pretty Stable
Dividend Paid And Capex Coverage Ratio2.944.37074.158
Pretty Stable
Net Income Per E B T0.950.90020.9292
Pretty Stable
Cash Ratio0.290.30070.4877
Pretty Stable
Cash Conversion Cycle140143114
Slightly volatile
Operating Cash Flow Sales Ratio0.10.20210.177
Slightly volatile
Days Of Inventory Outstanding99.1473.350784.6821
Pretty Stable
Days Of Sales Outstanding82.4569.724568.3393
Slightly volatile
Free Cash Flow Operating Cash Flow Ratio0.880.83850.8139
Pretty Stable
Cash Flow Coverage Ratios0.540.27710.2615
Slightly volatile
Price To Book Ratio4.214.01063.4098
Slightly volatile
Fixed Asset Turnover4.764.60775.5022
Slightly volatile
Capital Expenditure Coverage Ratio3.466.19075.6334
Pretty Stable
Price Cash Flow Ratio15.3422.929319.5349
Slightly volatile
Enterprise Value Multiple12.3419.59217.1095
Slightly volatile
Debt Ratio0.210.32140.3171
Pretty Stable
Cash Flow To Debt Ratio0.540.27710.2615
Slightly volatile
Price Sales Ratio4.874.63463.8117
Slightly volatile
Return On Assets0.03520.06510.0538
Slightly volatile
Asset Turnover0.620.44060.4433
Slightly volatile
Net Profit Margin0.160.14770.1296
Slightly volatile
Gross Profit Margin0.340.42230.4499
Pretty Stable
Price Fair Value4.214.01063.4098
Slightly volatile
Return On Equity0.07360.12780.1117
Slightly volatile

Thermo Fisher Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap204 B194.3 B200.4 B
Slightly volatile
Enterprise Value228.5 B217.7 B224.6 B
Slightly volatile

Thermo Fundamental Market Drivers

Forward Price Earnings22.4215
Cash And Short Term Investments5.6 B

Thermo Upcoming Events

31st of January 2024
Upcoming Quarterly Report
View
24th of April 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
31st of January 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

About Thermo Fisher Financial Statements

Thermo Fisher investors utilize fundamental indicators, such as revenue or net income, to predict how Thermo Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Last ReportedProjected for Next Year
Current Deferred Revenue3.1 B3.2 B
Total Revenue42.9 B45 B
Cost Of Revenue24.8 B26 B
Stock Based Compensation To Revenue 0.01  0.01 
Research And Ddevelopement To Revenue 0.03  0.06 
Capex To Revenue 0.03  0.06 
Revenue Per Share 112.25  117.86 
Ebit Per Revenue 0.17  0.09 

Pair Trading with Thermo Fisher

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Thermo Fisher position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Thermo Fisher will appreciate offsetting losses from the drop in the long position's value.

Moving together with Thermo Stock

  0.86A Agilent TechnologiesPairCorr

Moving against Thermo Stock

  0.36DVAX Dynavax TechnologiesPairCorr
  0.32DSGN Design TherapeuticsPairCorr
The ability to find closely correlated positions to Thermo Fisher could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Thermo Fisher when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Thermo Fisher - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Thermo Fisher Scientific to buy it.
The correlation of Thermo Fisher is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Thermo Fisher moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Thermo Fisher Scientific moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Thermo Fisher can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Thermo Fisher Scientific offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Thermo Fisher's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Thermo Fisher Scientific Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Thermo Fisher Scientific Stock:
Check out the analysis of Thermo Fisher Correlation against competitors.
You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Is Life Sciences Tools & Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Thermo Fisher. If investors know Thermo will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Thermo Fisher listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.138
Dividend Share
1.56
Earnings Share
16.55
Revenue Per Share
112.249
Quarterly Revenue Growth
0.047
The market value of Thermo Fisher Scientific is measured differently than its book value, which is the value of Thermo that is recorded on the company's balance sheet. Investors also form their own opinion of Thermo Fisher's value that differs from its market value or its book value, called intrinsic value, which is Thermo Fisher's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Thermo Fisher's market value can be influenced by many factors that don't directly affect Thermo Fisher's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Thermo Fisher's value and its price as these two are different measures arrived at by different means. Investors typically determine if Thermo Fisher is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Thermo Fisher's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.