Thermo Fisher Scientific (TMO) Key Ratios
$658.02
As on 09-Oct-2026 16:00EDT
Market cap
$241,068 Mln
Revenue (TTM)
$46,336 Mln
P/E Ratio
35.1
P/B Ratio
4.7
Div. Yield
0.3 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 8.99 | 10.50 | 7.23 | 2.11 | 3.91 |
| EBIT | 11.01 | -1.23 | 1.17 | 6.03 | -3.82 |
| Net Profit | 5.16 | 7.18 | 5.67 | 9.15 | -3.78 |
| EPS | 5.72 | 9.38 | 7.77 | 8.38 | -2.92 |
| Book Value | -- | -- | 9.42 | 8.18 | 10.43 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Dec-25 | Dec-24 |
| EBIT-Margin
| 18.59 | 19.75 | 18.62 | 19.49 | 20.27 |
| Net Margin
| -- | 17.76 | 15.06 | -- | -- |
| Return on equity
| 13.15 | 15.27 | 13.12 | 13.08 | 13.15 |
| Return on Capital
| 7.56 | 8.61 | -- | 7.69 | 7.65 |
| Return on Assets
| 6.36 | 7.14 | 5.76 | 6.49 | 6.46 |
| Debt to Equity (x)
| -- | -- | 0.74 | 0.74 | 0.66 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Thermo Fisher Scientific (TMO)
|
--
|
7.69
|
7.65
|
7.35
|
8.84
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
ROE
13.12
Higher than Peers by 8.14
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Thermo Fisher Scientific (TMO)
|
13.12
|
13.08
|
13.15
|
13.22
|
16.40
|
|
Peer Median
|
4.98
|
--
|
--
|
--
|
--
|
ROA
5.76
Higher than Peers by 3.30
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Thermo Fisher Scientific (TMO)
|
5.76
|
6.49
|
6.46
|
6.12
|
7.23
|
|
Peer Median
|
2.46
|
--
|
--
|
--
|
--
|
EBIT Margin
18.62
Higher than Peers by 9.86
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Thermo Fisher Scientific (TMO)
|
18.62
|
19.49
|
20.27
|
16.00
|
19.06
|
|
Peer Median
|
8.76
|
--
|
--
|
--
|
--
|
Net Margin
15.06
Higher than Peers by 10.30
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Thermo Fisher Scientific (TMO)
|
15.06
|
15.12
|
14.77
|
13.99
|
15.48
|
|
Peer Median
|
4.75
|
--
|
--
|
--
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Thermo Fisher Scientific (TMO)
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
7.23
Lower than Peers by 1.37
Year on year growth in net sales
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Thermo Fisher Scientific (TMO)
|
7.23
|
0.04
|
0.00
|
-0.05
|
0.15
|
|
Peer Median
|
8.60
|
--
|
--
|
--
|
--
|
EBIT Growth
1.17
Lower than Peers by 9.86
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Thermo Fisher Scientific (TMO)
|
1.17
|
-0.07
|
26.72
|
-19.88
|
-8.70
|
|
Peer Median
|
11.03
|
--
|
--
|
--
|
--
|
Net Profit Growth
5.67
Lower than Peers by 7.67
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Thermo Fisher Scientific (TMO)
|
5.67
|
6.35
|
5.67
|
-13.74
|
-10.03
|
|
Peer Median
|
13.33
|
--
|
--
|
--
|
--
|
EPS Growth
7.77
Lower than Peers by 12.32
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Thermo Fisher Scientific (TMO)
|
7.77
|
0.08
|
0.07
|
-0.13
|
-0.09
|
|
Peer Median
|
20.09
|
--
|
--
|
--
|
--
|
Book Value Growth
6.26
Lower than Peers by 0.81
Year on year growth in book value per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Thermo Fisher Scientific (TMO)
|
6.26
|
--
|
--
|
--
|
--
|
|
Peer Median
|
7.07
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
0.74
Higher than Peers by 0.35
Total debt / Net worth
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Thermo Fisher Scientific (TMO)
|
0.74
|
0.74
|
0.66
|
0.78
|
0.82
|
|
Peer Median
|
0.40
|
--
|
--
|
--
|
--
|
Short term debt to equity ratio
0.06
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Thermo Fisher Scientific (TMO)
|
0.06
|
0.07
|
0.05
|
0.08
|
0.13
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
1.55
Lower than Peers by 1.35
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Thermo Fisher Scientific (TMO)
|
1.55
|
1.89
|
1.66
|
1.75
|
1.48
|
|
Peer Median
|
2.90
|
--
|
--
|
--
|
--
|
Quick Ratio
1.18
Lower than Peers by 0.91
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Thermo Fisher Scientific (TMO)
|
1.18
|
1.53
|
1.29
|
1.39
|
1.15
|
|
Peer Median
|
2.09
|
--
|
--
|
--
|
--
|
Interest Coverage
6.19
Higher than Peers by 1.16
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Thermo Fisher Scientific (TMO)
|
6.19
|
6.12
|
5.26
|
4.99
|
11.79
|
|
Peer Median
|
5.02
|
--
|
--
|
--
|
--
|
Operating Efficiency
Debtors to sales
20.40
Higher than Peers by 3.79
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Thermo Fisher Scientific (TMO)
|
20.40
|
23.71
|
22.45
|
22.55
|
20.99
|
|
Peer Median
|
16.61
|
--
|
--
|
--
|
--
|
Asset Turnover
0.38
Lower than Peers by 0.12
Sales / Average Total Assets
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Thermo Fisher Scientific (TMO)
|
0.38
|
0.43
|
0.44
|
0.44
|
0.47
|
|
Peer Median
|
0.50
|
--
|
--
|
--
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Thermo Fisher Scientific (TMO)
|
--
|
82.76
|
82.16
|
81.35
|
74.70
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Thermo Fisher Scientific (TMO)
|
--
|
72.19
|
73.09
|
77.41
|
75.33
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Thermo Fisher Scientific (TMO)
|
--
|
46.50
|
43.21
|
45.15
|
44.05
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Thermo Fisher Scientific (TMO)
|
--
|
108.45
|
112.04
|
113.62
|
105.98
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
35.09
Lower than Peers by 11.23
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Thermo Fisher Scientific (TMO)
|
35.09
|
32.43
|
31.45
|
34.35
|
31.14
|
|
Peer Median
|
46.32
|
--
|
--
|
--
|
--
|
Price / Book Value
4.67
Higher than Peers by 0.60
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Thermo Fisher Scientific (TMO)
|
4.67
|
4.09
|
4.02
|
4.41
|
4.92
|
|
Peer Median
|
4.07
|
--
|
--
|
--
|
--
|
Dividend Yield
0.27
--
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Thermo Fisher Scientific (TMO)
|
0.27
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
EV/EBITDA
23.62
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Thermo Fisher Scientific (TMO)
|
23.62
|
21.61
|
19.19
|
34.44
|
20.43
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Market Cap
241,068
Higher than Peers by 240,542
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Thermo Fisher Scientific (TMO)
|
241,068
|
--
|
--
|
--
|
--
|
|
Peer Median
|
526
|
--
|
--
|
--
|
--
|