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