Thermo Fisher Scientific (TMO) FCF Margin (2009 - 2026)
Thermo Fisher Scientific (TMO) recorded quarterly FCF Margin of 7.41% in Q1 2026, down 69.73% on a QoQ basis from 24.49% in Q4 2025, and up 393.0% year-over-year from 1.5% in Q1 2025.
Thermo Fisher Scientific (TMO) FCF Margin (2009 - 2026) Analysis & Trends
Thermo Fisher Scientific has disclosed FCF Margin across 18 years of filings, most recently posting 7.41% for Q1 2026.
- Quarterly FCF Margin rose 393.0% year-over-year to 7.41% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 14.93% (down 74.0% YoY) and the FY2025 annual result came in at 14.12%, down 282.0% from the prior year.
- FCF Margin eased to 7.41% in Q1 2026, from 24.49% 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 14.98% and a median of 13.22% in 2022 frame the typical range for FCF Margin.
- Annual changes were most pronounced in 2022 — FCF Margin jumped 1046 bps — and 2023, when it plunged 1069 bps.
- Tracing TMO's FCF Margin over 5 years: 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 slumped by 70 bps to 7.41% in 2026.
- Business Quant data shows TMO's FCF Margin at 7.41% in Q1 2026, 24.49% in Q4 2025, and 16.5% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Waters | 29,902.70 Bn | 29,902.24 Bn | 1.11 Bn | -3.31% |
| 2 | Thermo Fisher Scientific | 175.99 Bn | 172.74 Bn | 7.74 Bn | 7.41% |
| 3 | Danaher | 129.87 Bn | 124.18 Bn | 3.59 Bn | 18.23% |
| 4 | Idexx Laboratories | 44.75 Bn | 44.55 Bn | 722.74 Mn | 22.61% |
| 5 | Agilent Technologies | 37.52 Bn | 35.72 Bn | 990.00 Mn | 10.95% |
| 6 | Iqvia Holdings | 30.91 Bn | 28.94 Bn | 1.36 Bn | 11.83% |
| 7 | Natera | 30.21 Bn | 29.11 Bn | 696.04 Mn | 2.59% |
| 8 | Illumina | 24.19 Bn | 23.04 Bn | 721.00 Mn | 23.01% |
| 9 | Mettler Toledo International | 23.12 Bn | 23.06 Bn | 555.82 Mn | 12.92% |
| 10 | Quest Diagnostics | 21.68 Bn | 21.59 Bn | 942.00 Mn | 5.66% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jul 3, 2021 | 18.19% |