Thermo Fisher Scientific (TMO) FCF Payout Ratio (2012 - 2026)

Thermo Fisher Scientific (TMO) posted quarterly FCF Payout Ratio of 0.1 for Q2 2026, down 28.74% year-over-year from 0.15 in Q2 2025, and down 47.37% on a QoQ basis from 0.2 in Q1 2026.

Thermo Fisher Scientific (TMO) FCF Payout Ratio (2012 - 2026) Analysis & Trends

Thermo Fisher Scientific has reported FCF Payout Ratio for 15 years, with the latest figure at 0.1 in Q2 2026.

  • FCF Payout Ratio for Q2 2026 came in at 0.1, down 28.74% year-over-year; the trailing twelve-month figure through Jun 2026 was 0.09 (down 8.5% YoY), and the FY2025 annual result was 0.1, up 25.98% from the prior year.
  • FCF Payout Ratio declined to 0.1 in Q2 2026, from 0.2 in the prior quarter.
  • Over five years, FCF Payout Ratio peaked at 0.43 in Q2 2023 and troughed at 0.04 in Q4 2022.
  • A 5-year average of 0.13 and a median of 0.09 in 2024 frame the typical range for FCF Payout Ratio.
  • The widest annual swing landed in 2023, when FCF Payout Ratio soared 554.73%; it then slumped 65.41% in 2024.
  • A 5-year view of FCF Payout Ratio shows it stood at 0.04 in 2022, then increased by 2.89% to 0.04 in 2023, then grew by 29.37% to 0.05 in 2024, then climbed by 2.11% to 0.05 in 2025, then soared by 92.96% to 0.1 in 2026.
  • Per Business Quant data, the three most recent FCF Payout Ratio figures were 0.1 in Q2 2026, 0.2 in Q1 2026, and 0.05 in Q4 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Cover (Qtr)
1 Thermo Fisher Scientific 213.78 Bn 209.71 Bn 8.34 Bn 0.10
2 Danaher 139.83 Bn 135.48 Bn 3.61 Bn 0.22
3 Idexx Laboratories 45.99 Bn 45.79 Bn 779.09 Mn -
4 Agilent Technologies 39.69 Bn 37.88 Bn 990.00 Mn 0.36
5 Iqvia Holdings 39.31 Bn 37.23 Bn 1.44 Bn -
6 Natera 38.74 Bn 37.64 Bn 696.04 Mn -
7 Illumina 29.94 Bn 28.77 Bn 770.00 Mn -
8 Mettler Toledo International 28.55 Bn 28.50 Bn 650.22 Mn -
9 Quest Diagnostics 26.18 Bn 25.55 Bn 1.03 Bn 0.21
10 Labcorp Holdings 25.86 Bn 24.87 Bn 1.01 Bn 0.87

Historic Data

Download Data
DateValue
Jun 27, 2026 0.10
Mar 28, 2026 0.20
Dec 31, 2025 0.05
Sep 27, 2025 0.09
Jun 28, 2025 0.15
Mar 29, 2025 0.41
Dec 31, 2024 0.05
Sep 28, 2024 0.08
Jun 29, 2024 0.09
Mar 30, 2024 0.15
Dec 31, 2023 0.04
Sep 30, 2023 0.06
Jul 1, 2023 0.11
Apr 1, 2023 0.43
Dec 31, 2022 0.04
Oct 1, 2022 0.08
Jul 2, 2022 0.11
Apr 2, 2022 0.07
Dec 31, 2021 0.06
Oct 2, 2021 0.05