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

Thermo Fisher Scientific (TMO) posted FCF Margin of 7.41% for Q1 2026, down 69.73% quarter-over-quarter from 24.49% in Q4 2025, and up 393.0% year-on-year from 1.5% in Q1 2025.

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

Thermo Fisher Scientific (TMO) has reported FCF Margin for 18 consecutive years, with 7.41% the latest figure, recorded in Q1 2026.

  • FCF Margin for Q1 2026 came in at 7.41%, up 393.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 14.93% (down 74.0% YoY), and the FY2025 annual result was 14.12%, down 282.0% from the prior year.
  • FCF Margin was 7.41% for Q1 2026 at Thermo Fisher Scientific, down 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.
  • Average FCF Margin over 5 years is 14.98%, with a median of 13.22% recorded in 2022.
  • Year-over-year, FCF Margin soared 1046 bps in 2022 and slumped 1069 bps in 2023.
  • Over 5 years, FCF Margin stood at 25.65% in 2022, then increased by 19 bps to 30.48% in 2023, then dropped by 19 bps to 24.66% in 2024, then dropped by 1 bps to 24.49% in 2025, then tumbled by 70 bps to 7.41% in 2026.
  • Per Business Quant data, the three most recent FCF Margin figures were 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 31,055.11 Bn 31,054.65 Bn 1.11 Bn -3.31%
2 Thermo Fisher Scientific 191.02 Bn 187.77 Bn 7.74 Bn 7.41%
3 Danaher 137.16 Bn 131.47 Bn 3.59 Bn 18.23%
4 Idexx Laboratories 42.82 Bn 42.62 Bn 722.74 Mn 22.61%
5 Natera 39.09 Bn 37.99 Bn 696.04 Mn 2.59%
6 Agilent Technologies 37.61 Bn 35.81 Bn 990.00 Mn 10.95%
7 Iqvia Holdings 34.23 Bn 32.25 Bn 1.36 Bn 11.83%
8 Illumina 28.14 Bn 26.98 Bn 721.00 Mn 23.01%
9 Mettler Toledo International 26.40 Bn 26.33 Bn 555.82 Mn 12.92%
10 Quest Diagnostics 23.76 Bn 23.67 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%