Thermo Fisher Scientific (TMO) Free Cash Flow (2009 - 2026)
Thermo Fisher Scientific (TMO) recorded quarterly Free Cash Flow of $816.0 million in Q1 2026, down 72.73% on a QoQ basis from $3.0 billion in Q4 2025, and up 126.04% year-over-year from $361.0 million in Q1 2025.
Thermo Fisher Scientific (TMO) Free Cash Flow (2009 - 2026) Analysis & Trends
Thermo Fisher Scientific has disclosed Free Cash Flow across 18 years of filings, most recently posting $816.0 million for Q1 2026.
- Quarterly Free Cash Flow rose 126.04% year-over-year to $816.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $6.7 billion (changed 0.36% YoY) and the FY2025 annual result came in at $6.3 billion, down 13.4% from the prior year.
- Free Cash Flow eased to $816.0 million in Q1 2026, from $3.0 billion in the prior quarter.
- Over five years, Free Cash Flow peaked at $3.3 billion in Q4 2023 and troughed at $271.0 million in Q2 2023.
- A 5-year average of $1.7 billion and a median of $1.6 billion in 2022 frame the typical range for Free Cash Flow.
- Annual changes were most pronounced in 2023 — Free Cash Flow slumped 82.65% — and 2024, when it soared 233.58%.
- Tracing TMO's Free Cash Flow over 5 years: 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 plunged by 72.73% to $816.0 million in 2026.
- Business Quant data shows TMO's Free Cash Flow at $816.0 million in Q1 2026, $3.0 billion in Q4 2025, and $1.8 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Waters | 29,902.70 Bn | 29,902.24 Bn | 1.11 Bn | -42.00 Mn |
| 2 | Thermo Fisher Scientific | 175.99 Bn | 172.74 Bn | 7.74 Bn | 816.00 Mn |
| 3 | Danaher | 129.87 Bn | 124.18 Bn | 3.59 Bn | 1.09 Bn |
| 4 | Idexx Laboratories | 44.75 Bn | 44.55 Bn | 722.74 Mn | 257.97 Mn |
| 5 | Agilent Technologies | 37.52 Bn | 35.72 Bn | 990.00 Mn | 201.00 Mn |
| 6 | Iqvia Holdings | 30.91 Bn | 28.94 Bn | 1.36 Bn | 491.00 Mn |
| 7 | Natera | 30.21 Bn | 29.11 Bn | 696.04 Mn | 18.03 Mn |
| 8 | Illumina | 24.19 Bn | 23.04 Bn | 721.00 Mn | 251.00 Mn |
| 9 | Mettler Toledo International | 23.12 Bn | 23.06 Bn | 555.82 Mn | 122.38 Mn |
| 10 | Quest Diagnostics | 21.68 Bn | 21.59 Bn | 942.00 Mn | 164.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 28, 2026 | 816.00 Mn |
| Mar 28, 2026 | 816.00 Mn |
| Dec 31, 2025 | 2.99 Bn |
| Dec 31, 2025 | 2.99 Bn |
| Sep 27, 2025 | 1.84 Bn |
| Sep 27, 2025 | 1.84 Bn |
| Jun 28, 2025 | 1.11 Bn |
| Jun 28, 2025 | 1.11 Bn |
| Mar 29, 2025 | 361.00 Mn |
| Mar 29, 2025 | 361.00 Mn |
| Dec 31, 2024 | 2.81 Bn |
| Dec 31, 2024 | 2.81 Bn |
| Sep 28, 2024 | 1.89 Bn |
| Sep 28, 2024 | 1.89 Bn |
| Jun 29, 2024 | 1.66 Bn |
| Jun 29, 2024 | 1.66 Bn |
| Mar 30, 2024 | 904.00 Mn |
| Mar 30, 2024 | 904.00 Mn |
| Dec 31, 2023 | 3.32 Bn |
| Dec 31, 2023 | 3.32 Bn |