Thermo Fisher Scientific (TMO) FCF Margin (2009 - 2026)
Thermo Fisher Scientific (TMO) recorded FCF Margin of 13.97% in Q2 2026, up 3.79 percentage points from 10.18% a year earlier and up 6.55 percentage points from the prior quarter.
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Analysis
Thermo Fisher Scientific (TMO) FCF Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Thermo Fisher Scientific's FCF Margin came in at 15.79% as of Jun 27, 2026, up 1.51 percentage points year-over-year; for FY2025, it came in at 14.12%, down 2.82 percentage points from FY2024.
- Annual FCF Margin has a five-year change of -7.03 percentage points (FY2020 to FY2025).
- Across earlier years, FCF Margin came in at 16.95% in FY2024 (+0.78 pp), 16.16% in FY2023 (+0.78 pp), 15.39% in FY2022 (-1.93 pp) and 17.31% in FY2021 (-3.84 pp).
- Quarterly FCF Margin has ranged from 2.53% in Q1 2023 to 30.48% in Q4 2023 over the past five years.
- On a year-over-year basis, FCF Margin rose in two of the last eight quarters, with an average year-over-year change of -1.53 percentage points.
- Peak year-over-year performance for FCF Margin in the last five years was a gain of 10.46 percentage points in Q4 2022, against a drop of 10.90 percentage points in Q4 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at 7.41% (Q1 2026), 24.49% (Q4 2025) and 16.50% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 243.20 Bn | 222.35 Bn | 4.88 Bn | 13.97% |
| 2 | Abbott Laboratories | 172.35 Bn | 143.43 Bn | 7.27 Bn | 15.81% |
| 3 | Danaher | 154.53 Bn | 138.35 Bn | 3.61 Bn | 20.19% |
| 4 | Intuitive Surgical | 150.04 Bn | 129.59 Bn | 1.96 Bn | 32.79% |
| 5 | Medtronic | 113.25 Bn | 79.11 Bn | 6.34 Bn | 13.22% |
| 6 | Stryker | 106.37 Bn | 92.49 Bn | 4.50 Bn | 16.07% |
| 7 | Boston Scientific | 61.94 Bn | 56.95 Bn | 3.85 Bn | 23.50% |
| 8 | Becton Dickinson | 50.05 Bn | 47.20 Bn | 2.32 Bn | 12.70% |
| 9 | Edwards Lifesciences | 49.13 Bn | 33.24 Bn | 1.35 Bn | 33.60% |
| 10 | Agilent Technologies | 48.07 Bn | 40.96 Bn | 1.04 Bn | 23.38% |
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% |
API Access
Thermo Fisher Scientific FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=TMO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "TMO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=TMO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();