Thermo Fisher Scientific (TMO) Cost of Revenue (2009 - 2026)

Thermo Fisher Scientific (TMO) posted Cost of Revenue of $3.3 billion for Q1 2026, up 0.96% quarter-over-quarter from $3.2 billion in Q4 2025, and up 4.35% year-on-year from $3.1 billion in Q1 2025.

Thermo Fisher Scientific (TMO) Cost of Revenue (2009 - 2026) Analysis & Trends

Thermo Fisher Scientific (TMO) has reported Cost of Revenue for 18 consecutive years, with $3.3 billion the latest figure, recorded in Q1 2026.

  • Cost of Revenue for Q1 2026 came in at $3.3 billion, up 4.35% year-over-year; the trailing twelve-month figure through Mar 2026 was $13.0 billion (up 1.66% YoY), and the FY2025 annual result was $12.9 billion, up 2.05% from the prior year.
  • Cost of Revenue was $3.3 billion for Q1 2026 at Thermo Fisher Scientific, up from $3.2 billion in the prior quarter.
  • Over five years, Cost of Revenue peaked at $3.7 billion in Q4 2023 and troughed at $2.9 billion in Q4 2022.
  • Average Cost of Revenue over 5 years is $3.3 billion, with a median of $3.2 billion recorded in 2023.
  • Year-over-year, Cost of Revenue soared 14305.0% in 2022 and declined 9.06% in 2023.
  • Over 5 years, Cost of Revenue stood at $3.7 billion in 2022, then climbed by 1.39% to $3.7 billion in 2023, then declined by 7.18% to $3.5 billion in 2024, then declined by 6.78% to $3.2 billion in 2025, then climbed by 0.96% to $3.3 billion in 2026.
  • Per Business Quant data, the three most recent Cost of Revenue figures were $3.3 billion in Q1 2026, $3.2 billion in Q4 2025, and $3.3 billion in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Waters 31,055.11 Bn 31,054.65 Bn 1.11 Bn 155.00 Mn
2 Thermo Fisher Scientific 191.02 Bn 187.77 Bn 7.74 Bn 3.26 Bn
3 Danaher 137.16 Bn 131.47 Bn 3.59 Bn 2.36 Bn
4 Idexx Laboratories 42.82 Bn 42.62 Bn 722.74 Mn 175.25 Mn
5 Natera 39.09 Bn 37.99 Bn 696.04 Mn 608,000.00
6 Agilent Technologies 37.61 Bn 35.81 Bn 990.00 Mn 845.00 Mn
7 Iqvia Holdings 34.23 Bn 32.25 Bn 1.36 Bn 2.80 Bn
8 Illumina 28.14 Bn 26.98 Bn 721.00 Mn 370.00 Mn
9 Mettler Toledo International 26.40 Bn 26.33 Bn 555.82 Mn 118.74 Mn
10 Quest Diagnostics 23.76 Bn 23.67 Bn 942.00 Mn 1.95 Bn

Historic Data

Download Data
DateValue
Mar 28, 2026 3.26 Bn
Mar 28, 2026 3.26 Bn
Dec 31, 2025 3.23 Bn
Dec 31, 2025 3.23 Bn
Sep 27, 2025 3.32 Bn
Sep 27, 2025 3.32 Bn
Jun 28, 2025 3.21 Bn
Jun 28, 2025 3.21 Bn
Mar 29, 2025 3.13 Bn
Mar 29, 2025 3.13 Bn
Dec 31, 2024 3.47 Bn
Dec 31, 2024 3.47 Bn
Sep 28, 2024 3.10 Bn
Sep 28, 2024 3.10 Bn
Jun 29, 2024 3.11 Bn
Jun 29, 2024 3.11 Bn
Mar 30, 2024 3.20 Bn
Mar 30, 2024 3.20 Bn
Dec 31, 2023 3.73 Bn
Dec 31, 2023 3.73 Bn