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
DateValue
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