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
DateValue
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%