Thermo Fisher Scientific TMO
NYSE TMO
$659.18 +10.75 (+1.66%)
As of: Sep 17, 2026 · 3:59 PM EDT

Thermo Fisher Scientific (TMO) Free Cash Flow (2009 - 2026)

Thermo Fisher Scientific's (TMO) quarterly Free Cash Flow came in at $1.7 billion in Q2 2026, up 51.58% on a YoY basis from $1.1 billion in Q2 2025, and up 105.27% quarter-over-quarter from $816.0 million in Q1 2026.

Analysis

Thermo Fisher Scientific (TMO) Free Cash Flow (2009 - 2026) Analysis & Trends

Thermo Fisher Scientific (TMO) has reported Free Cash Flow for 18 consecutive years, with $1.7 billion the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Free Cash Flow rose 51.58% year-over-year to $1.7 billion; the trailing twelve-month figure through Jun 2026 stood at $7.3 billion (up 18.61% YoY), and the FY2025 full-year result was $6.3 billion, down 13.4% from the prior year.
  • Free Cash Flow grew to $1.7 billion in Q2 2026 per TMO's latest filing, from $816.0 million in the prior quarter.
  • Across five years, Free Cash Flow topped out at $3.3 billion in Q4 2023 and bottomed at $271.0 million in Q2 2023.
  • Historically, Free Cash Flow has averaged $1.7 billion across 5 years, with a median of $1.6 billion in 2022.
  • The sharpest annual moves came in 2023 and 2024: Free Cash Flow tumbled 82.65% in 2023, then jumped 233.58% in 2024.
  • Over 5 years, Free Cash Flow stood at $2.9 billion in 2022, then increased by 12.97% to $3.3 billion in 2023, then dropped by 15.31% to $2.8 billion in 2024, then gained by 6.48% to $3.0 billion in 2025, then tumbled by 44.02% to $1.7 billion in 2026.
  • According to Business Quant data, Free Cash Flow over the past three periods registered $1.7 billion, $816.0 million, and $3.0 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Thermo Fisher Scientific 241.68 Bn 237.61 Bn 8.34 Bn 1.68 Bn
2 Danaher 147.34 Bn 142.99 Bn 3.61 Bn 1.27 Bn
3 Agilent Technologies 43.34 Bn 41.59 Bn 1.04 Bn 439.00 Mn
4 Illumina 34.58 Bn 33.41 Bn 770.00 Mn 161.00 Mn
5 Revvity 16.31 Bn 15.29 Bn 416.87 Mn 180.87 Mn
6 Bio-Techne 11.28 Bn 11.01 Bn 211.39 Mn 86.94 Mn
7 Bio-Rad Laboratories 10.16 Bn 8.54 Bn 345.80 Mn 66.70 Mn
8 Repligen 9.77 Bn 8.75 Bn 110.04 Mn 27.43 Mn
9 10x Genomics 9.45 Bn 8.90 Bn 112.50 Mn 15.39 Mn
10 Bruker 9.26 Bn 9.04 Bn 416.00 Mn -106.20 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 27, 2026 1.68 Bn
Mar 28, 2026 816.00 Mn
Dec 31, 2025 2.99 Bn
Sep 27, 2025 1.84 Bn
Jun 28, 2025 1.11 Bn
Mar 29, 2025 361.00 Mn
Dec 31, 2024 2.81 Bn
Sep 28, 2024 1.89 Bn
Jun 29, 2024 1.66 Bn
Mar 30, 2024 904.00 Mn
Dec 31, 2023 3.32 Bn
Sep 30, 2023 2.08 Bn
Jul 1, 2023 1.26 Bn
Apr 1, 2023 271.00 Mn
Dec 31, 2022 2.94 Bn
Oct 1, 2022 1.39 Bn
Jul 2, 2022 1.02 Bn
Apr 2, 2022 1.56 Bn
Dec 31, 2021 1.63 Bn
Oct 2, 2021 2.13 Bn