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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |