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
DateValue
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