Thermo Fisher Scientific (TMO) Asset Utilization Ratio (2009 - 2026)
Thermo Fisher Scientific (TMO) recorded quarterly Asset Utilization Ratio of 0.4 in Q1 2026, down 3.22% on a QoQ basis from 0.42 in Q4 2025, and down 7.49% year-over-year from 0.44 in Q1 2025.
Thermo Fisher Scientific (TMO) Asset Utilization Ratio (2009 - 2026) Analysis & Trends
Thermo Fisher Scientific has disclosed Asset Utilization Ratio across 18 years of filings, most recently posting 0.4 for Q1 2026.
- Quarterly Asset Utilization Ratio fell 7.49% year-over-year to 0.4 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.4 (down 7.49% YoY) and the FY2025 annual result came in at 0.43, down 1.9% from the prior year.
- Asset Utilization Ratio fell to 0.4 in Q1 2026, from 0.42 in the prior quarter.
- Over five years, Asset Utilization Ratio peaked at 0.49 in Q4 2022 and troughed at 0.4 in Q1 2026.
- A 5-year average of 0.44 and a median of 0.44 in 2025 frame the typical range for Asset Utilization Ratio.
- Annual changes were most pronounced in 2022 — Asset Utilization Ratio dropped 18.4% — and 2023, when it increased 4.34%.
- Tracing TMO's Asset Utilization Ratio over 5 years: stood at 0.48 in 2022, then slipped by 8.53% to 0.44 in 2023, then retreated by 0.91% to 0.43 in 2024, then slipped by 3.72% to 0.42 in 2025, then slipped by 3.22% to 0.4 in 2026.
- Business Quant data shows TMO's Asset Utilization Ratio at 0.4 in Q1 2026, 0.42 in Q4 2025, and 0.43 in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Waters | 30,529.42 Bn | 30,528.96 Bn | 1.11 Bn | 0.25 |
| 2 | Thermo Fisher Scientific | 183.75 Bn | 180.50 Bn | 7.74 Bn | 0.40 |
| 3 | Danaher | 133.13 Bn | 127.43 Bn | 3.59 Bn | 0.30 |
| 4 | Idexx Laboratories | 46.14 Bn | 45.94 Bn | 722.74 Mn | 1.32 |
| 5 | Agilent Technologies | 38.20 Bn | 36.39 Bn | 990.00 Mn | 0.56 |
| 6 | Natera | 31.50 Bn | 30.40 Bn | 696.04 Mn | 1.00 |
| 7 | Iqvia Holdings | 31.34 Bn | 29.36 Bn | 1.36 Bn | 0.56 |
| 8 | Illumina | 24.51 Bn | 23.36 Bn | 721.00 Mn | 0.67 |
| 9 | Mettler Toledo International | 23.53 Bn | 23.47 Bn | 555.82 Mn | 1.11 |
| 10 | Quest Diagnostics | 22.51 Bn | 22.42 Bn | 942.00 Mn | 0.69 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 28, 2026 | 0.40 |
| Dec 31, 2025 | 0.42 |
| Sep 27, 2025 | 0.43 |
| Jun 28, 2025 | 0.43 |
| Mar 29, 2025 | 0.44 |
| Dec 31, 2024 | 0.43 |
| Sep 28, 2024 | 0.43 |
| Jun 29, 2024 | 0.43 |
| Mar 30, 2024 | 0.43 |
| Dec 31, 2023 | 0.44 |
| Sep 30, 2023 | 0.45 |
| Jul 1, 2023 | 0.46 |
| Apr 1, 2023 | 0.46 |
| Dec 31, 2022 | 0.48 |
| Oct 1, 2022 | 0.49 |
| Jul 2, 2022 | 0.47 |
| Apr 2, 2022 | 0.44 |
| Dec 31, 2021 | 0.46 |
| Oct 2, 2021 | 0.55 |
| Jul 3, 2021 | 0.57 |