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| 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 |