Thermo Fisher Scientific Inc. (TMO)

Thermo Fisher Ratios and Metrics

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

Total Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 11, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Market Cap	223,697	218,002	198,090	205,229	214,217	263,079
Market Cap Growth	28.58%	10.05%	-3.48%	-4.20%	-18.57%	42.39%
Enterprise Value	262,182	247,411	223,882	232,173	240,351	293,656
Last Close Price	605.00	579.45	520.23	530.79	550.69	667.24

Price Ratios

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 11, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	32.56	32.66	31.47	34.36	31.24	34.29
Forward PE	23.04	24.05	22.87	24.65	25.00	32.55
PEG Ratio	2.55	3.13	2.76	2.51	1.17	1.91
PS Ratio	4.83	4.89	4.62	4.79	4.77	6.71
PB Ratio	4.25	4.08	4.00	4.39	4.87	6.45
P/FCF Ratio	30.57	34.64	27.26	29.63	31.00	38.75
P/OCF Ratio	24.82	27.88	22.86	24.41	23.40	28.25

EV Ratios

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 11, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
EV/Sales Ratio	5.66	5.55	5.22	5.42	5.35	7.49
EV/EBITDA Ratio	23.65	23.50	21.43	22.62	20.41	23.27
EV/EBIT Ratio	32.19	31.94	30.51	33.85	28.64	29.28
EV/FCF Ratio	35.83	39.32	30.81	33.52	34.78	43.25

Financial Efficiency

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 11, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Debt / Equity Ratio	0.81	0.74	0.63	0.75	0.78	0.85
Debt / EBITDA Ratio	3.84	3.74	2.99	3.40	2.93	2.76
Debt / FCF Ratio	5.81	6.26	4.30	5.04	4.99	5.14
Net Debt / Equity Ratio	0.73	0.55	0.52	0.57	0.59	0.75
Net Debt / EBITDA Ratio	3.47	2.78	2.46	2.61	2.21	2.41
Net Debt / FCF Ratio	5.26	4.65	3.54	3.87	3.76	4.48
Asset Turnover	0.41	0.43	0.44	0.44	0.47	0.48
Inventory Turnover	4.96	5.06	5.00	4.80	4.86	4.31
Quick Ratio	0.90	1.25	1.03	1.16	0.98	0.93
Current Ratio	1.55	1.89	1.66	1.75	1.48	1.50
Return on Equity (ROE)	13.24%	13.10%	13.22%	13.22%	16.76%	20.48%
Return on Assets (ROA)	6.72%	6.90%	6.79%	6.69%	7.95%	10.68%
Return on Invested Capital (ROIC)	8.20%	9.06%	8.93%	9.11%	10.80%	14.95%
Return on Capital Employed (ROCE)	8.43%	8.65%	8.70%	8.32%	10.37%	14.28%

Yields

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 11, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Earnings Yield	3.11%	3.06%	3.18%	2.91%	3.20%	2.92%
FCF Yield	3.27%	2.89%	3.67%	3.38%	3.23%	2.58%
Dividend Yield	0.31%	0.29%	0.29%	0.26%	0.21%	0.15%
Payout Ratio	10.12%	9.49%	9.20%	8.72%	6.55%	5.11%
Buyback Yield / Dilution	1.44%	1.31%	1.29%	1.52%	0.76%	0.50%
Total Shareholder Return	1.76%	1.60%	1.58%	1.78%	0.97%	0.65%

SEC Filings: 10-K · 10-Q

Data Source: Fiscal.ai Last updated: Jul 31, 2026

Financial data is provided by Fiscal.ai and updates within minutes after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 8, 2026

Data Sources Report a data error