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 FCF (2009 - 2026)

Thermo Fisher Scientific's (TMO) quarterly EV to FCF came in at 110.89 in Q2 2026, down 17.15% on a YoY basis from 133.85 in Q2 2025, and down 47.63% quarter-over-quarter from 211.73 in Q1 2026.

Analysis

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

Thermo Fisher Scientific (TMO) has reported EV to FCF for 18 consecutive years, with 110.89 the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, EV to FCF fell 17.15% year-over-year to 110.89; the trailing twelve-month figure through Jun 2026 stood at 25.38 (up 5.88% YoY), and the FY2025 full-year result was 32.62, up 24.23% from the prior year.
  • EV to FCF declined to 110.89 in Q2 2026 per TMO's latest filing, from 211.73 in the prior quarter.
  • Across five years, EV to FCF topped out at 807.97 in Q2 2023 and bottomed at 58.6 in Q4 2023.
  • Historically, EV to FCF has averaged 186.36 across 5 years, with a median of 127.97 in 2024.
  • The sharpest annual moves came in 2023 and 2024: EV to FCF surged 450.54% in 2023, then slumped 70.6% in 2024.
  • Over 5 years, EV to FCF stood at 69.41 in 2022, then fell by 15.57% to 58.6 in 2023, then gained by 15.88% to 67.9 in 2024, then gained by 1.03% to 68.61 in 2025, then jumped by 61.64% to 110.89 in 2026.
  • According to Business Quant data, EV to FCF over the past three periods registered 110.89, 211.73, and 68.61 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 110.89
Mar 28, 2026 211.73
Dec 31, 2025 68.61
Sep 27, 2025 93.19
Jun 28, 2025 133.85
Mar 29, 2025 506.89
Dec 31, 2024 67.90
Sep 28, 2024 120.64
Jun 29, 2024 122.08
Mar 30, 2024 237.53
Dec 31, 2023 58.60
Sep 30, 2023 91.04
Jul 1, 2023 157.92
Apr 1, 2023 807.97
Dec 31, 2022 69.41
Oct 1, 2022 141.09
Jul 2, 2022 208.45
Apr 2, 2022 146.76
Dec 31, 2021 157.85
Oct 2, 2021 100.49