Thermo Fisher Scientific (TMO) Capital Expenditures (2009 - 2026)
Thermo Fisher Scientific's Capital Expenditures came in at $450 million for Q2 2026, up 53.1% from $294 million a year earlier and up 19.7% from the prior quarter.
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Analysis
Thermo Fisher Scientific (TMO) Capital Expenditures (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 27, 2026, Thermo Fisher Scientific reported Capital Expenditures of $1.7 billion, up 20.4% year-over-year; for FY2025, it came in at $1.53 billion, up 8.9% from FY2024.
- Capital Expenditures carries a five-year compound annual growth rate of 0.7% (FY2020 to FY2025).
- Going back by year, Capital Expenditures was $1.4 billion in FY2024 (-5.3%), $1.48 billion in FY2023 (-34.1%), $2.24 billion in FY2022 (-11.1%) and $2.52 billion in FY2021 (+71.2%).
- The five-year range for quarterly Capital Expenditures is $272 million (Q3 2024) to $831 million (Q4 2021).
- Year-over-year, Capital Expenditures increased in five of the last eight quarters, with growth averaging 13.1%.
- The fastest year-over-year change in Capital Expenditures over five years came in Q2 2026 (growth of 53.1%), and the weakest in Q2 2023 (a decline of 43.9%).
- Business Quant data shows TMO's Capital Expenditures at $376 million (Q1 2026), $465 million (Q4 2025) and $404 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 243.20 Bn | 222.35 Bn | 4.88 Bn | 450.00 Mn |
| 2 | Abbott Laboratories | 172.35 Bn | 143.43 Bn | 7.27 Bn | 497.00 Mn |
| 3 | Danaher | 154.53 Bn | 138.35 Bn | 3.61 Bn | 269.00 Mn |
| 4 | Intuitive Surgical | 150.04 Bn | 129.59 Bn | 1.96 Bn | 112.60 Mn |
| 5 | Medtronic | 113.25 Bn | 79.11 Bn | 6.34 Bn | 503.00 Mn |
| 6 | Stryker | 106.37 Bn | 92.49 Bn | 4.50 Bn | 202.00 Mn |
| 7 | Boston Scientific | 61.94 Bn | 56.95 Bn | 3.85 Bn | 195.00 Mn |
| 8 | Becton Dickinson | 50.05 Bn | 47.20 Bn | 2.32 Bn | 143.00 Mn |
| 9 | Edwards Lifesciences | 49.13 Bn | 33.24 Bn | 1.35 Bn | 66.90 Mn |
| 10 | Agilent Technologies | 48.07 Bn | 40.96 Bn | 1.04 Bn | 80.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 27, 2026 | 450.00 Mn |
| Mar 28, 2026 | 376.00 Mn |
| Dec 31, 2025 | 465.00 Mn |
| Sep 27, 2025 | 404.00 Mn |
| Jun 28, 2025 | 294.00 Mn |
| Mar 29, 2025 | 362.00 Mn |
| Dec 31, 2024 | 480.00 Mn |
| Sep 28, 2024 | 272.00 Mn |
| Jun 29, 2024 | 301.00 Mn |
| Mar 30, 2024 | 347.00 Mn |
| Dec 31, 2023 | 405.00 Mn |
| Sep 30, 2023 | 332.00 Mn |
| Jul 1, 2023 | 284.00 Mn |
| Apr 1, 2023 | 458.00 Mn |
| Dec 31, 2022 | 550.00 Mn |
| Oct 1, 2022 | 547.00 Mn |
| Jul 2, 2022 | 506.00 Mn |
| Apr 2, 2022 | 640.00 Mn |
| Dec 31, 2021 | 831.00 Mn |
| Oct 2, 2021 | 524.00 Mn |
API Access
Thermo Fisher Scientific Capital Expenditures API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=capital-expenditures&ticker=TMO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "TMO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=TMO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();