Thermo Fisher Scientific (TMO) Capital Expenditures (2009 - 2026)

Thermo Fisher Scientific (TMO) recorded quarterly Capital Expenditures of $376.0 million in Q1 2026, down 19.14% on a QoQ basis from $465.0 million in Q4 2025, and up 3.87% year-over-year from $362.0 million in Q1 2025.

Thermo Fisher Scientific (TMO) Capital Expenditures (2009 - 2026) Analysis & Trends

Thermo Fisher Scientific has disclosed Capital Expenditures across 18 years of filings, most recently posting $376.0 million for Q1 2026.

  • Quarterly Capital Expenditures rose 3.87% year-over-year to $376.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.5 billion (up 8.76% YoY) and the FY2025 annual result came in at $1.5 billion, up 8.93% from the prior year.
  • Capital Expenditures fell to $376.0 million in Q1 2026, from $465.0 million in the prior quarter.
  • Over five years, Capital Expenditures peaked at $640.0 million in Q2 2022 and troughed at $272.0 million in Q3 2024.
  • A 5-year average of $413.1 million and a median of $404.0 million in 2025 frame the typical range for Capital Expenditures.
  • Annual changes were most pronounced in 2023 — Capital Expenditures plunged 43.87% — and 2025, when it jumped 48.53%.
  • Tracing TMO's Capital Expenditures over 5 years: stood at $550.0 million in 2022, then slipped by 26.36% to $405.0 million in 2023, then increased by 18.52% to $480.0 million in 2024, then declined by 3.12% to $465.0 million in 2025, then slipped by 19.14% to $376.0 million in 2026.
  • Business Quant data shows TMO's Capital Expenditures at $376.0 million in Q1 2026, $465.0 million in Q4 2025, and $404.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Capex (Qtr)
1 Waters 29,902.70 Bn 29,902.24 Bn 1.11 Bn 39.00 Mn
2 Thermo Fisher Scientific 175.99 Bn 172.74 Bn 7.74 Bn 376.00 Mn
3 Danaher 129.87 Bn 124.18 Bn 3.59 Bn 237.00 Mn
4 Idexx Laboratories 44.75 Bn 44.55 Bn 722.74 Mn 8.27 Mn
5 Agilent Technologies 37.52 Bn 35.72 Bn 990.00 Mn 76.00 Mn
6 Iqvia Holdings 30.91 Bn 28.94 Bn 1.36 Bn 127.00 Mn
7 Natera 30.21 Bn 29.11 Bn 696.04 Mn 22.14 Mn
8 Illumina 24.19 Bn 23.04 Bn 721.00 Mn 38.00 Mn
9 Mettler Toledo International 23.12 Bn 23.06 Bn 555.82 Mn 17.41 Mn
10 Quest Diagnostics 21.68 Bn 21.59 Bn 942.00 Mn 114.00 Mn

Historic Data

Download Data
DateValue
Mar 28, 2026 376.00 Mn
Mar 28, 2026 376.00 Mn
Dec 31, 2025 465.00 Mn
Dec 31, 2025 465.00 Mn
Sep 27, 2025 404.00 Mn
Sep 27, 2025 404.00 Mn
Jun 28, 2025 294.00 Mn
Jun 28, 2025 294.00 Mn
Mar 29, 2025 362.00 Mn
Mar 29, 2025 362.00 Mn
Dec 31, 2024 480.00 Mn
Dec 31, 2024 480.00 Mn
Sep 28, 2024 272.00 Mn
Sep 28, 2024 272.00 Mn
Jun 29, 2024 301.00 Mn
Jun 29, 2024 301.00 Mn
Mar 30, 2024 347.00 Mn
Mar 30, 2024 347.00 Mn
Dec 31, 2023 405.00 Mn
Dec 31, 2023 405.00 Mn