Thermo Fisher Scientific (TMO) Financials: Revenue & Earnings

TMO price $704.86 +11.84 +1.71%

Ticker
TMO
Price
$704.86
Change
+11.84 +1.71%
Market cap ?
$260.62B
P/E ?
36.07
Forward P/E ?
27.90
Dividend yield ?
0.27%
Beta ?
0.88
Sector
Healthcare
Industry
Medical - Diagnostics & Research
Stocklytics score
37
Value
22
Quality
52
Growth
38

Stocklytics score rationale: value 22, quality 52, growth 38.

Financials

2016201720182019202020212022202320242025
18274100000209180000002435800000025542000000322180000003921100000044915000000428570000004287900000044557000000

Thermo Fisher Scientific Inc. is a global leader in scientific services, providing a comprehensive range of offerings that include life sciences solutions, advanced analytical instruments, specialized diagnostic products, and an extensive portfolio of laboratory supplies and biopharmaceutical services. The company's reach extends across North America, Europe, Asia-Pacific, and other international markets. Its Life…

Fair value

TMO fair value $695.39. Price $704.86. Price is about fair value.

Above fair value, and more expensive than usual. A larger premium than on 88% of days in the past 5 years.

Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.

Calculated with a 10-year free-cash-flow discount. Starting free cash flow 7.60B. Growth 13.70%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 9.12% (beta 0.9). Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 369.75M. Net debt 29.53B. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the median P/E of the company's industry. That median uses listed stocks worth at least $10 billion with a positive P/E of 100 or below, and the industry needs at least eight of them. Otherwise the sector median is used when that group also has at least eight, then the market median of those large companies. The multiple used is the lower of that median and 1.25 times the stock's own 10-year median P/E, then kept between 8 and 30. If the stock has no 10-year median, the peer median is kept between 8 and 30. Fair value is the average of the cash-flow value and the earnings value when both exist. Card and credit companies use the earnings value only, because changes in customer receivables distort free cash flow. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.

Compare TMO

Earnings

DateEPS actualEPS estimateRevenueRevenue estimate
2027-02-04—7.15—12.85B
2026-10-216.686.4012.14B11.95B
2026-07-236.035.7211.99B11.71B
2026-04-235.445.2511.01B10.86B
2026-01-296.576.4512.21B11.95B
2025-10-225.795.5011.12B10.92B
2025-07-235.365.2310.86B10.68B
2025-04-235.155.1010.36B10.23B
2025-01-306.105.9411.39B11.28B
2024-10-235.285.2510.60B10.63B
2024-07-245.375.1210.54B10.50B
2024-04-245.114.7110.35B10.15B
2024-01-315.675.6410.89B10.73B
2023-10-255.695.6110.57B10.65B
2023-07-265.155.4310.69B10.98B
2023-04-265.034.9510.71B10.67B
2023-02-015.405.1911.45B10.43B
2022-10-265.084.7810.68B9.94B
2022-07-285.514.9910.97B9.97B
2022-04-287.256.1811.82B10.69B
2022-02-026.545.2210.70B10.55B
2021-10-275.764.679.33B8.30B
2021-07-285.605.449.27B8.30B
2021-04-297.216.659.91B9.67B
2021-02-017.096.5610.55B9.70B
2020-10-215.634.318.52B6.52B
2020-07-223.892.676.92B6.08B
2020-04-222.942.796.23B5.93B
2020-01-303.553.546.83B6.81B
2019-10-232.942.886.27B6.12B
2019-07-243.043.006.32B6.23B
2019-04-242.812.746.12B5.95B
2019-01-303.253.196.51B6.37B
2018-10-242.622.555.92B5.76B
2018-07-252.752.636.08B5.79B
2018-04-252.502.425.85B5.62B
2018-01-312.792.666.05B5.77B
2017-10-252.312.245.12B4.98B
2017-07-262.302.274.99B4.92B
2017-04-262.082.024.76B4.63B

Dividends

Yield 0.26%. Payout ratio 9.50%. Frequency Quarterly.

Safety score 91/100 · Safe. Payout ratio is 10% of earnings. Dividends use less than 40% of free cash flow. Dividends were paid in 17 separate years. Yield is 0.3%, which is low.

Ex-dateDividendRecordPaymentFrequency
2026-09-15$0.472026-09-152026-10-15Quarterly
2026-06-15$0.472026-06-152026-07-15Quarterly
2026-03-13$0.472026-03-132026-04-15Quarterly
2025-12-15$0.432025-12-152026-01-15Quarterly
2025-09-15$0.432025-09-152025-10-15Quarterly
2025-06-13$0.432025-06-132025-07-15Quarterly
2025-03-14$0.432025-03-142025-04-15Quarterly
2024-12-13$0.392024-12-132025-01-15Quarterly
2024-09-13$0.392024-09-132024-10-15Quarterly
2024-06-14$0.392024-06-142024-07-15Quarterly
2024-03-14$0.392024-03-152024-04-15Quarterly
2023-12-14$0.352023-12-152024-01-16Quarterly
2023-09-14$0.352023-09-152023-10-13Quarterly
2023-06-14$0.352023-06-152023-07-14Quarterly
2023-03-14$0.352023-03-152023-04-14Quarterly
2022-12-14$0.302022-12-152023-01-16Quarterly
2022-09-14$0.302022-09-152022-10-14Quarterly
2022-06-14$0.302022-06-152022-07-15Quarterly
2022-03-15$0.302022-03-162022-04-14Quarterly
2021-12-14$0.262021-12-152022-01-14Quarterly
2021-09-14$0.262021-09-152021-10-15Quarterly
2021-06-14$0.262021-06-152021-07-15Quarterly
2021-03-15$0.262021-03-162021-04-16Quarterly
2020-12-14$0.222020-12-152021-01-15Quarterly
2020-09-14$0.222020-09-152020-10-15Quarterly
2020-06-12$0.222020-06-152020-07-15Quarterly
2020-03-13$0.222020-03-162020-04-16Quarterly
2019-12-16$0.192019-12-172020-01-15Quarterly
2019-09-16$0.192019-09-172019-10-15Quarterly
2019-06-13$0.192019-06-142019-07-16Quarterly
2019-03-14$0.192019-03-152019-04-16Quarterly
2018-12-14$0.172018-12-172019-01-15Quarterly
2018-09-14$0.172018-09-172018-10-15Quarterly
2018-06-14$0.172018-06-152018-07-16Quarterly
2018-03-14$0.172018-03-152018-04-16Quarterly
2017-12-14$0.152017-12-152018-01-15Quarterly
2017-09-14$0.152017-09-152017-10-16Quarterly
2017-06-13$0.152017-06-152017-07-17Quarterly
2017-03-13$0.152017-03-152017-04-17Quarterly
2016-12-13$0.152016-12-152017-01-16Quarterly
2016-09-13$0.152016-09-152016-10-17Quarterly
2016-06-13$0.152016-06-152016-07-15Quarterly
2016-03-11$0.152016-03-152016-04-15Quarterly
2015-12-11$0.152015-12-152016-01-15Quarterly
2015-09-11$0.152015-09-152015-10-15Quarterly
2015-06-11$0.152015-06-152015-07-15Quarterly
2015-03-12$0.152015-03-162015-04-15Quarterly
2014-12-11$0.152014-12-152015-01-15Quarterly
2014-09-11$0.152014-09-152014-10-15Quarterly
2014-06-12$0.152014-06-162014-07-15Quarterly
2014-03-13$0.152014-03-172014-04-15Quarterly
2013-12-12$0.152013-12-162014-01-15Quarterly
2013-09-12$0.152013-09-162013-10-15Quarterly
2013-06-13$0.152013-06-172013-07-15Quarterly
2013-03-13$0.152013-03-152013-04-15Quarterly
2012-12-13$0.152012-12-172013-01-15Quarterly
2012-09-13$0.132012-09-172012-10-15Quarterly
2012-06-13$0.132012-06-152012-07-16Quarterly
2012-03-13$0.132012-03-152012-04-16Quarterly
2001-11-16$2.52——Quarterly
1996-01-25$0.001996-01-291996-01-25Irregular

Insider trades

DateInsiderActionSharesPriceValue
2026-09-26WEISLER DION JBuy56——
2026-09-26SPERLING SCOTT MBuy63——
2026-09-26Lynch Karen SBuy46——
2026-09-26Keith R. AlexandraBuy46——
2026-09-26JOHNSON JENNIFER MBuy46——
2026-08-31Pettiti GianlucaBuy3.73K$309.631.16M
2026-08-31Pettiti GianlucaSell3.73K$614.382.29M
2026-08-31Pettiti GianlucaSell400$614.38245.75K
2026-08-31Pettiti GianlucaSell3.73K$309.631.16M
2026-08-28CASPER MARC NSell725$622.18450.93K
2026-08-28CASPER MARC NSell532$622.18330.91K
2026-08-28Meyer JamesSell37$622.1823.16K
2026-08-28Meyer JamesSell44$622.1827.68K
2026-08-28Meyer JamesSell20$622.1812.33K
2026-08-28Meyer JamesSell55$622.1834.29K
2026-08-28Meyer JamesSell114$622.1870.69K
2026-08-28Shropshire Thomas B Jr.Sell49$622.1830.50K
2026-08-28Shafer Michael DSell162$622.18101.08K
2026-08-28Shafer Michael DSell211$622.18131.16K
2026-08-28Shafer Michael DSell190$622.18117.92K
2026-08-28Shafer Michael DSell227$622.18141.39K
2026-08-28Holmes Joseph R.Sell11$622.186.57K
2026-08-28Holmes Joseph R.Sell13$622.188.04K
2026-08-28Holmes Joseph R.Sell11$622.187.12K
2026-08-28Holmes Joseph R.Sell15$622.189.31K
2026-08-28Pettiti GianlucaSell212$622.18132.06K
2026-08-28Pettiti GianlucaSell304$622.18188.92K
2026-08-28Pettiti GianlucaSell249$622.18154.92K
2026-08-28Pettiti GianlucaSell270$622.18167.86K
2026-08-28Britt Lisa P.Sell87$622.1854.15K
2026-08-28Britt Lisa P.Sell116$622.1872.20K
2026-08-28Britt Lisa P.Sell105$622.1865.58K
2026-08-28Britt Lisa P.Sell85$622.1852.95K
2026-08-24CASPER MARC NBuy275$309.6385.15K
2026-08-24CASPER MARC NSell101$625.4163.17K
2026-08-24CASPER MARC NSell33$626.5920.68K
2026-08-24CASPER MARC NSell79$628.0149.61K
2026-08-24CASPER MARC NSell62$628.7438.98K
2026-08-24CASPER MARC NSell275$309.6385.15K
2026-08-22Meyer JamesSell31$629.2719.47K
2026-08-21CASPER MARC NBuy10.00K$309.633.10M
2026-08-21CASPER MARC NSell2.73K$625.461.71M
2026-08-21CASPER MARC NSell3.01K$626.511.89M
2026-08-21CASPER MARC NSell1.79K$627.391.12M
2026-08-21CASPER MARC NSell2.15K$628.611.35M
2026-08-21CASPER MARC NSell321$629.10201.94K
2026-08-21CASPER MARC NSell10.00K$309.633.10M
2026-08-20CASPER MARC NBuy10.00K$309.633.10M
2026-08-20CASPER MARC NSell909$625.45568.53K
2026-08-20CASPER MARC NSell821$626.83514.63K
2026-08-20CASPER MARC NSell1.31K$627.66824.75K
2026-08-20CASPER MARC NSell2.60K$628.821.64M
2026-08-20CASPER MARC NSell1.25K$629.85787.31K
2026-08-20CASPER MARC NSell1.03K$630.87652.95K
2026-08-20CASPER MARC NSell1.43K$632.01903.77K
2026-08-20CASPER MARC NSell560$632.94354.45K
2026-08-20CASPER MARC NSell80$633.9950.72K
2026-08-20CASPER MARC NSell10.00K$309.633.10M
2026-08-19Britt Lisa P.Buy11.44K$418.324.79M
2026-08-19Britt Lisa P.Sell11.44K$613.127.01M
2026-08-19Britt Lisa P.Sell11.44K$418.324.79M
2026-08-11Shafer Michael DBuy14.30K$418.325.98M
2026-08-11Shafer Michael DBuy11.20K$309.633.47M
2026-08-11Shafer Michael DSell11.20K$600.006.72M
2026-08-11Shafer Michael DSell14.30K$600.008.58M
2026-08-11Shafer Michael DSell11.20K$309.633.47M
2026-08-11Shafer Michael DSell14.30K$418.325.98M
2026-08-07Holmes Joseph R.Buy420$309.63130.04K
2026-08-07Holmes Joseph R.Sell420$584.81245.62K
2026-08-07Holmes Joseph R.Sell420$309.63130.04K
2026-08-07CASPER MARC NBuy275$309.6385.15K
2026-08-07CASPER MARC NSell6$577.373.46K
2026-08-07CASPER MARC NSell4$579.262.32K
2026-08-07CASPER MARC NSell2$579.271.16K
2026-08-07CASPER MARC NSell4$580.712.32K
2026-08-07CASPER MARC NSell3$580.721.74K
2026-08-07CASPER MARC NSell5$581.852.91K
2026-08-07CASPER MARC NSell2$581.861.16K
2026-08-07CASPER MARC NSell18$583.3710.50K
2026-08-07CASPER MARC NSell63$584.4036.82K
2026-08-07CASPER MARC NSell30$585.4217.56K
2026-08-07CASPER MARC NSell58$586.5334.02K
2026-08-07CASPER MARC NSell12$587.647.05K
2026-08-07CASPER MARC NSell32$589.5118.86K
2026-08-07CASPER MARC NSell29$590.7717.13K
2026-08-07CASPER MARC NSell7$593.324.15K
2026-08-07CASPER MARC NSell275$309.6385.15K
2026-08-07CASPER MARC NSell94$577.3754.27K
2026-08-07CASPER MARC NSell114$579.2666.04K
2026-08-07CASPER MARC NSell113$580.7165.62K
2026-08-07CASPER MARC NSell113$581.8565.75K
2026-08-07CASPER MARC NSell302$583.35176.17K
2026-08-07CASPER MARC NSell1.03K$584.41604.86K
2026-08-07CASPER MARC NSell530$585.44310.28K
2026-08-07CASPER MARC NSell945$586.52554.26K
2026-08-07CASPER MARC NSell228$587.64133.98K
2026-08-07CASPER MARC NSell522$589.52307.73K
2026-08-07CASPER MARC NSell495$590.78292.44K
2026-08-07CASPER MARC NSell117$593.3169.42K
2026-08-06Britt Lisa P.Buy5.85K$309.631.81M

Institutional holders

Latest filed quarter: Q2 2026.

Institutions holding: 2.71K, holders +28 vs prior quarter. Ownership 91.40%.

HolderSharesChangeChange %Value
BLACKROCK, INC.30.92M492.44K+1.62%15.50B
VANGUARD CAPITAL MANAGEMENT LLC24.28M-4.50K-0.02%12.17B
STATE STREET CORP16.83M94.21K+0.56%8.44B
FMR LLC14.08M3.31M+30.70%7.06B
MORGAN STANLEY10.76M-100.46K-0.92%5.40B
JPMORGAN CHASE & CO8.50M1.71M+25.14%4.31B
GEODE CAPITAL MANAGEMENT, LLC8.38M-25.49K-0.30%4.18B
FRANKLIN TEMPLETON INC7.27M458.48K+6.73%3.65B
VANGUARD PORTFOLIO MANAGEMENT LLC6.23M62.80K+1.02%3.12B
CAPITAL WORLD INVESTORS6.20M-450.95K-6.78%3.11B
PRICE T ROWE ASSOCIATES INC /MD/5.12M-1.20M-18.99%2.57B
NORGES BANK5.09M5.09MNew2.55B
MASSACHUSETTS FINANCIAL SERVICES CO /MA/2.97M-47.40K-1.57%2.28B
CAPITAL RESEARCH GLOBAL INVESTORS4.15M-267.08K-6.05%2.08B
BANK OF NEW YORK MELLON CORP3.94M171.80K+4.56%1.97B
BANK OF AMERICA CORP /DE/3.90M-1.64M-29.60%1.95B
ROYAL BANK OF CANADA3.43M-483.11K-12.34%1.72B
NORTHERN TRUST CORP3.33M-86.77K-2.54%1.67B
CAPITAL INTERNATIONAL INVESTORS3.18M-706.58K-18.17%1.60B
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P.3.11M3.11MNew1.56B
CHARLES SCHWAB INVESTMENT MANAGEMENT INC3.11M179.69K+6.12%1.56B
DODGE & COX3.05M3.05MNew1.53B
GOLDMAN SACHS GROUP INC2.96M-200.16K-6.34%1.48B
FISHER ASSET MANAGEMENT, LLC2.92M64.14K+2.25%1.46B
DZ BANK AG DEUTSCHE ZENTRAL GENOSSENSCHAFTS BANK, FRANKFURT AM MAIN2.76M-157.17K-5.39%1.38B

Earnings and financials

Thermo Fisher Scientific Inc. (TMO) trades at $704.86, with a market cap of $260.62B and a trailing P/E of 36.07. Revenue below is the annual history on file. It describes what the business has already reported. It is not a forecast and it is not a recommendation.

Financials

2016201720182019202020212022202320242025
18274100000209180000002435800000025542000000322180000003921100000044915000000428570000004287900000044557000000

Insights · Dividends · Forecast · Financials · Learn

Stocklytics home · Screener

Thermo Fisher Scientific (TMO) Financials: Revenue & Earnings

TMO$704.86+11.84 +1.71%

$260.62B

Market Cap

36.07

P/E

27.90

Forward P/E

37

Score

Price History