Thermo Fisher Scientific Inc. (TSX:TMO)

Thermo Fisher Scientific Ratios and Metrics

Market cap in millions CAD. Fiscal year is January - December.

Total Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov 6, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Market Capitalization	362,900	298,498	286,312	270,838	293,690	332,729
Market Cap Growth	20.48%	4.26%	5.71%	-7.78%	-11.73%	41.45%
Enterprise Value	412,866	342,744	328,002	309,692	329,446	344,984
Last Close Price	24.72	21.08	19.22	-	-	-

Price Ratios

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov 6, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	44.34	32.47	31.41	34.21	31.22	34.04
PS Ratio	5.42	4.89	4.64	4.79	4.83	6.71
PB Ratio	4.68	4.07	4.01	4.38	4.92	6.42
P/FCF Ratio	33.79	34.60	27.38	29.61	31.40	38.73
P/OCF Ratio	27.53	27.85	22.96	24.40	23.71	28.24

EV Ratios

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov 6, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
EV/Sales Ratio	6.18	5.61	5.32	5.47	5.42	6.95
EV/EBITDA Ratio	23.31	22.44	21.04	21.86	20.39	21.03
EV/EBIT Ratio	32.68	29.91	29.50	32.03	28.44	26.28
EV/FCF Ratio	38.44	39.72	31.37	33.85	35.22	40.15

Financial Efficiency

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov 6, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Debt / Equity Ratio	0.75	0.76	0.66	0.78	0.82	0.89
Debt / EBITDA Ratio	3.28	3.51	2.90	3.28	2.92	2.74
Debt / FCF Ratio	5.45	6.49	4.51	5.30	5.23	5.35
Net Debt / Equity Ratio	0.64	0.57	0.55	0.61	0.63	0.78
Net Debt / EBITDA Ratio	2.91	2.76	2.51	2.67	2.31	2.46
Net Debt / FCF Ratio	4.65	4.89	3.74	4.13	4.00	4.69
Asset Turnover	0.44	0.43	0.44	0.44	0.47	0.48
Inventory Turnover	4.89	5.05	4.99	4.81	4.86	4.31
Quick Ratio	1.23	1.36	1.14	1.27	1.06	1.00
Current Ratio	1.81	1.89	1.66	1.76	1.48	1.50
Return on Equity (ROE)	13.38%	13.02%	13.13%	13.09%	16.35%	20.47%
Return on Assets (ROA)	5.19%	5.03%	4.93%	4.67%	5.56%	7.90%
Return on Invested Capital (ROIC)	9.00%	9.59%	9.19%	9.49%	10.75%	15.17%
Return on Capital Employed (ROCE)	9.00%	8.80%	9.20%	8.60%	10.70%	12.70%

Yields

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov 6, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Earnings Yield	2.26%	3.08%	3.18%	2.92%	3.20%	2.94%
FCF Yield	2.96%	2.89%	3.65%	3.38%	3.19%	2.58%
Dividend Yield	0.27%	0.30%	0.30%	0.26%	0.22%	0.16%
Payout Ratio	9.52%	9.49%	9.20%	8.72%	6.55%	5.11%
Buyback Yield / Dilution	1.91%	1.31%	1.29%	1.52%	0.76%	0.50%
Total Shareholder Return	2.18%	1.60%	1.59%	1.79%	0.97%	0.66%

Data Source: S&P Global Market Intelligence Last updated: Oct 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 6, 2026

Data Sources Report a data error