Thermo Fisher Scientific (TMO) Free Cash Flow (2009 - 2026)
Thermo Fisher Scientific (TMO) posted quarterly Free Cash Flow of $1.7 billion for Q2 2026, up 51.58% year-over-year from $1.1 billion in Q2 2025, and up 105.27% on a QoQ basis from $816.0 million in Q1 2026.
Thermo Fisher Scientific (TMO) Free Cash Flow (2009 - 2026) Analysis & Trends
Thermo Fisher Scientific has reported Free Cash Flow for 18 years, with the latest figure at $1.7 billion in Q2 2026.
- Free Cash Flow for Q2 2026 came in at $1.7 billion, up 51.58% year-over-year; the trailing twelve-month figure through Jun 2026 was $7.3 billion (up 18.61% YoY), and the FY2025 annual result was $6.3 billion, down 13.4% from the prior year.
- Free Cash Flow grew to $1.7 billion in Q2 2026, from $816.0 million 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.
- The widest annual swing landed in 2023, when Free Cash Flow sank 82.65%; it then soared 233.58% in 2024.
- A 5-year view of Free Cash Flow shows it stood at $2.9 billion in 2022, then climbed by 12.97% to $3.3 billion in 2023, then decreased by 15.31% to $2.8 billion in 2024, then increased by 6.48% to $3.0 billion in 2025, then tumbled by 44.02% to $1.7 billion in 2026.
- Per Business Quant data, the three most recent Free Cash Flow figures were $1.7 billion in Q2 2026, $816.0 million in Q1 2026, and $3.0 billion in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 213.96 Bn | 209.90 Bn | 8.34 Bn | 1.68 Bn |
| 2 | Danaher | 140.29 Bn | 135.94 Bn | 3.61 Bn | 1.27 Bn |
| 3 | Idexx Laboratories | 46.08 Bn | 45.88 Bn | 779.09 Mn | 322.52 Mn |
| 4 | Agilent Technologies | 39.78 Bn | 37.97 Bn | 990.00 Mn | 201.00 Mn |
| 5 | Iqvia Holdings | 39.43 Bn | 37.35 Bn | 1.44 Bn | 360.00 Mn |
| 6 | Natera | 38.72 Bn | 37.62 Bn | 696.04 Mn | 18.03 Mn |
| 7 | Illumina | 30.05 Bn | 28.88 Bn | 770.00 Mn | 161.00 Mn |
| 8 | Mettler Toledo International | 28.63 Bn | 28.58 Bn | 650.22 Mn | 282.62 Mn |
| 9 | Quest Diagnostics | 26.17 Bn | 25.54 Bn | 1.03 Bn | 459.00 Mn |
| 10 | Labcorp Holdings | 25.89 Bn | 24.91 Bn | 1.01 Bn | 70.50 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 27, 2026 | 1.68 Bn |
| Jun 27, 2026 | 1.68 Bn |
| 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 |