Thermo Fisher Scientific TMO
NYSE TMO
$659.18 +10.75 (+1.66%)
As of: Sep 17, 2026 · 3:59 PM EDT

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

Thermo Fisher Scientific's (TMO) quarterly FCF Margin came in at 13.97% in Q2 2026, up 379.0% on a YoY basis from 2.92% in Q2 2025, and up 88.34% quarter-over-quarter from 7.41% in Q1 2026.

Analysis

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

Thermo Fisher Scientific (TMO) has reported FCF Margin for 18 consecutive years, with 13.97% the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, FCF Margin rose 379.0% year-over-year to 13.97%; the trailing twelve-month figure through Jun 2026 stood at 15.79% (up 151.0% YoY), and the FY2025 full-year result was 14.12%, down 282.0% from the prior year.
  • FCF Margin improved to 13.97% in Q2 2026 per TMO's latest filing, from 7.41% in the prior quarter.
  • Across five years, FCF Margin topped out at 30.48% in Q4 2023 and bottomed at 2.53% in Q2 2023.
  • Historically, FCF Margin has averaged 14.93% across 5 years, with a median of 13.59% in 2022.
  • The sharpest annual moves came in 2022 and 2023: FCF Margin surged 1046 bps in 2022, then sank 1069 bps in 2023.
  • Over 5 years, FCF Margin stood at 25.65% in 2022, then grew by 19 bps to 30.48% in 2023, then slipped by 19 bps to 24.66% in 2024, then slipped by 1 bps to 24.49% in 2025, then tumbled by 43 bps to 13.97% in 2026.
  • According to Business Quant data, FCF Margin over the past three periods registered 13.97%, 7.41%, and 24.49% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 Thermo Fisher Scientific 241.68 Bn 237.61 Bn 8.34 Bn 13.97%
2 Danaher 147.34 Bn 142.99 Bn 3.61 Bn 20.19%
3 Agilent Technologies 43.34 Bn 41.59 Bn 1.04 Bn 23.38%
4 Illumina 34.58 Bn 33.41 Bn 770.00 Mn 13.89%
5 Revvity 16.31 Bn 15.29 Bn 416.87 Mn 24.79%
6 Bio-Techne 11.28 Bn 11.01 Bn 211.39 Mn 27.07%
7 Bio-Rad Laboratories 10.16 Bn 8.54 Bn 345.80 Mn 10.25%
8 Repligen 9.77 Bn 8.75 Bn 110.04 Mn 13.44%
9 10x Genomics 9.45 Bn 8.90 Bn 112.50 Mn 10.19%
10 Bruker 9.26 Bn 9.04 Bn 416.00 Mn -12.67%
Historic Data

Historic Data

Download Data
DateValue
Jun 27, 2026 13.97%
Mar 28, 2026 7.41%
Dec 31, 2025 24.49%
Sep 27, 2025 16.50%
Jun 28, 2025 10.18%
Mar 29, 2025 3.48%
Dec 31, 2024 24.66%
Sep 28, 2024 17.87%
Jun 29, 2024 15.74%
Mar 30, 2024 8.74%
Dec 31, 2023 30.48%
Sep 30, 2023 19.69%
Jul 1, 2023 11.75%
Apr 1, 2023 2.53%
Dec 31, 2022 25.65%
Oct 1, 2022 13.02%
Jul 2, 2022 9.32%
Apr 2, 2022 13.22%
Dec 31, 2021 15.19%
Oct 2, 2021 22.79%