Thermo Fisher Scientific (TMO) FCF Margin (2009 - 2026)

Thermo Fisher Scientific has reported FCF Margin for 18 years, with the latest figure at 13.97% in Q2 2026.

• FCF Margin for Q2 2026 came in at 13.97%, up 379.0% year-over-year; the trailing twelve-month figure through Jun 2026 was 15.79% (up 151.0% YoY), and the FY2025 annual result was 14.12%, down 282.0% from the prior year.
• FCF Margin improved to 13.97% in Q2 2026, from 7.41% in the prior quarter.
• Over five years, FCF Margin peaked at 30.48% in Q4 2023 and troughed at 2.53% in Q2 2023.
• A 5-year average of 14.93% and a median of 13.59% in 2022 frame the typical range for FCF Margin.
• The widest annual swing landed in 2022, when FCF Margin jumped 1046 bps; it then tumbled 1069 bps in 2023.
• A 5-year view of FCF Margin shows it stood at 25.65% in 2022, then advanced by 19 bps to 30.48% in 2023, then retreated by 19 bps to 24.66% in 2024, then retreated by 1 bps to 24.49% in 2025, then tumbled by 43 bps to 13.97% in 2026.
• Per Business Quant data, the three most recent FCF Margin figures were 13.97% in Q2 2026, 7.41% in Q1 2026, and 24.49% in Q4 2025.