Thermo Fisher Scientific (TMO) Free Cash Flow (2009 - 2026)
Thermo Fisher Scientific (TMO) reported Free Cash Flow of $1.68 billion for Q2 2026, up 51.6% from $1.11 billion a year earlier and up 105.3% from the prior quarter.
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Analysis
Thermo Fisher Scientific (TMO) Free Cash Flow (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 27, 2026, Thermo Fisher Scientific's Free Cash Flow came in at $7.32 billion, up 18.6% year-over-year; for FY2025, it came in at $6.29 billion, down 13.4% from FY2024.
- Free Cash Flow has a five-year compound annual growth rate of -1.6% (FY2020 to FY2025).
- By year, Free Cash Flow came in at $7.27 billion in FY2024 (+4.9%), $6.93 billion in FY2023 (+0.2%), $6.91 billion in FY2022 (+1.8%) and $6.79 billion in FY2021 (-0.4%).
- Five-year quarterly Free Cash Flow spans a low of $271 million in Q1 2023 and a high of $3.32 billion in Q4 2023.
- Year over year, Free Cash Flow has now increased in each of the last three quarters, with growth averaging 7.9% over the last eight quarters.
- The high point for year-over-year Free Cash Flow in five years was Q1 2024 (growth of 233.6%); the low point was Q1 2023 (a decline of 82.7%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $816 million (Q1 2026), $2.99 billion (Q4 2025) and $1.84 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 243.20 Bn | 222.35 Bn | 4.88 Bn | 1.68 Bn |
| 2 | Abbott Laboratories | 172.35 Bn | 143.43 Bn | 7.27 Bn | 1.99 Bn |
| 3 | Danaher | 154.53 Bn | 138.35 Bn | 3.61 Bn | 1.27 Bn |
| 4 | Intuitive Surgical | 150.04 Bn | 129.59 Bn | 1.96 Bn | 948.40 Mn |
| 5 | Medtronic | 113.25 Bn | 79.11 Bn | 6.34 Bn | 1.29 Bn |
| 6 | Stryker | 106.37 Bn | 92.49 Bn | 4.50 Bn | 1.06 Bn |
| 7 | Boston Scientific | 61.94 Bn | 56.95 Bn | 3.85 Bn | 1.28 Bn |
| 8 | Becton Dickinson | 50.05 Bn | 47.20 Bn | 2.32 Bn | 633.00 Mn |
| 9 | Edwards Lifesciences | 49.13 Bn | 33.24 Bn | 1.35 Bn | 585.00 Mn |
| 10 | Agilent Technologies | 48.07 Bn | 40.96 Bn | 1.04 Bn | 439.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 27, 2026 | 1.68 Bn |
| Mar 28, 2026 | 816.00 Mn |
| Dec 31, 2025 | 2.99 Bn |
| Sep 27, 2025 | 1.84 Bn |
| Jun 28, 2025 | 1.11 Bn |
| Mar 29, 2025 | 361.00 Mn |
| Dec 31, 2024 | 2.81 Bn |
| Sep 28, 2024 | 1.89 Bn |
| Jun 29, 2024 | 1.66 Bn |
| Mar 30, 2024 | 904.00 Mn |
| Dec 31, 2023 | 3.32 Bn |
| Sep 30, 2023 | 2.08 Bn |
| Jul 1, 2023 | 1.26 Bn |
| Apr 1, 2023 | 271.00 Mn |
| Dec 31, 2022 | 2.94 Bn |
| Oct 1, 2022 | 1.39 Bn |
| Jul 2, 2022 | 1.02 Bn |
| Apr 2, 2022 | 1.56 Bn |
| Dec 31, 2021 | 1.63 Bn |
| Oct 2, 2021 | 2.13 Bn |
API Access
Thermo Fisher Scientific Free Cash Flow API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=free-cash-flow&ticker=TMO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "ticker": "TMO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=free-cash-flow&ticker=TMO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();