Thermo Fisher Scientific TMO
NYSE TMO
$613.75 -4.62 (-0.75%)
At close: Sep 4, 2026 · 4:00 PM EDT

Thermo Fisher Scientific (TMO) EV to EBITDA (2009 - 2026)

Thermo Fisher Scientific's (TMO) quarterly EV to EBITDA came in at 89.0 in Q2 2026, up 10.36% on a YoY basis from 80.65 in Q2 2025, and down 4.03% quarter-over-quarter from 92.74 in Q1 2026.

Analysis

Thermo Fisher Scientific (TMO) EV to EBITDA (2009 - 2026) Analysis & Trends

Thermo Fisher Scientific (TMO) has reported EV to EBITDA for 18 consecutive years, with 89.0 the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, EV to EBITDA rose 10.36% year-over-year to 89.0; the trailing twelve-month figure through Jun 2026 stood at 22.8 (up 14.15% YoY), and the FY2025 full-year result was 26.5, up 1.9% from the prior year.
  • EV to EBITDA retreated to 89.0 in Q2 2026 per TMO's latest filing, from 92.74 in the prior quarter.
  • Across five years, EV to EBITDA topped out at 140.09 in Q2 2023 and bottomed at 80.65 in Q2 2025.
  • Historically, EV to EBITDA has averaged 105.1 across 5 years, with a median of 105.67 in 2023.
  • The sharpest annual moves came in 2023 and 2025: EV to EBITDA surged 72.39% in 2023, then decreased 29.13% in 2025.
  • Over 5 years, EV to EBITDA stood at 109.53 in 2022, then retreated by 4.26% to 104.87 in 2023, then decreased by 9.75% to 94.65 in 2024, then declined by 3.82% to 91.03 in 2025, then decreased by 2.23% to 89.0 in 2026.
  • According to Business Quant data, EV to EBITDA over the past three periods registered 89.0, 92.74, and 91.03 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Thermo Fisher Scientific 226.93 Bn 222.99 Bn 8.34 Bn
2 Danaher 145.94 Bn 141.60 Bn 3.61 Bn
3 Agilent Technologies 42.55 Bn 40.79 Bn 1.04 Bn
4 Illumina 32.95 Bn 31.78 Bn 770.00 Mn
5 Revvity 14.53 Bn 13.51 Bn 416.87 Mn
6 Bio-Techne 11.31 Bn 11.04 Bn 211.39 Mn
7 Bio-Rad Laboratories 10.34 Bn 8.72 Bn 345.80 Mn
8 Repligen 9.46 Bn 8.44 Bn 110.04 Mn
9 Bruker 8.91 Bn 8.73 Bn 416.00 Mn
10 10x Genomics 8.16 Bn 7.61 Bn 112.50 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 27, 2026 89.00
Mar 28, 2026 92.74
Dec 31, 2025 91.03
Sep 27, 2025 88.10
Jun 28, 2025 80.65
Mar 29, 2025 106.64
Dec 31, 2024 94.65
Sep 28, 2024 124.32
Jun 29, 2024 111.28
Mar 30, 2024 129.12
Dec 31, 2023 104.87
Sep 30, 2023 101.68
Jul 1, 2023 125.70
Apr 1, 2023 140.09
Dec 31, 2022 109.53
Oct 1, 2022 114.69
Jul 2, 2022 106.46
Apr 2, 2022 81.26
Dec 31, 2021 101.13
Oct 2, 2021 93.79