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

Thermo Fisher Scientific (TMO) posted Free Cash Flow of $816.0 million for Q1 2026, down 72.73% quarter-over-quarter from $3.0 billion in Q4 2025, and up 126.04% year-on-year from $361.0 million in Q1 2025.

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 $816.0 million the latest figure, recorded in Q1 2026.

  • Free Cash Flow for Q1 2026 came in at $816.0 million, up 126.04% year-over-year; the trailing twelve-month figure through Mar 2026 was $6.7 billion (changed 0.36% YoY), and the FY2025 annual result was $6.3 billion, down 13.4% from the prior year.
  • Free Cash Flow was $816.0 million for Q1 2026 at Thermo Fisher Scientific, down 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.
  • Average Free Cash Flow over 5 years is $1.7 billion, with a median of $1.6 billion recorded in 2022.
  • Year-over-year, Free Cash Flow plunged 82.65% in 2023 and surged 233.58% in 2024.
  • Over 5 years, Free Cash Flow stood at $2.9 billion in 2022, then rose by 12.97% to $3.3 billion in 2023, then declined by 15.31% to $2.8 billion in 2024, then advanced by 6.48% to $3.0 billion in 2025, then sank by 72.73% to $816.0 million in 2026.
  • Per Business Quant data, the three most recent Free Cash Flow figures were $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 31,055.11 Bn 31,054.65 Bn 1.11 Bn -42.00 Mn
2 Thermo Fisher Scientific 191.02 Bn 187.77 Bn 7.74 Bn 816.00 Mn
3 Danaher 137.16 Bn 131.47 Bn 3.59 Bn 1.09 Bn
4 Idexx Laboratories 42.82 Bn 42.62 Bn 722.74 Mn 257.97 Mn
5 Natera 39.09 Bn 37.99 Bn 696.04 Mn 18.03 Mn
6 Agilent Technologies 37.61 Bn 35.81 Bn 990.00 Mn 201.00 Mn
7 Iqvia Holdings 34.23 Bn 32.25 Bn 1.36 Bn 491.00 Mn
8 Illumina 28.14 Bn 26.98 Bn 721.00 Mn 251.00 Mn
9 Mettler Toledo International 26.40 Bn 26.33 Bn 555.82 Mn 122.38 Mn
10 Quest Diagnostics 23.76 Bn 23.67 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