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| Date | Value |
|---|---|
| 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 |