Thermo Fisher Scientific (TMO) Invested Capital (2009 - 2026)
Thermo Fisher Scientific (TMO) posted quarterly Invested Capital of $3.4 billion for Q2 2026, up 52.12% year-over-year from $2.2 billion in Q2 2025, and up 9.0% on a QoQ basis from $3.1 billion in Q1 2026.
Thermo Fisher Scientific (TMO) Invested Capital (2009 - 2026) Analysis & Trends
Thermo Fisher Scientific has reported Invested Capital for 18 years, with the latest figure at $3.4 billion in Q2 2026.
- Invested Capital for Q2 2026 came in at $3.4 billion, up 52.12% year-over-year; the trailing twelve-month figure through Jun 2026 was $13.8 billion (up 21.57% YoY), and the FY2025 annual result was $3.5 billion, up 59.58% from the prior year.
- Invested Capital rose to $3.4 billion in Q2 2026, from $3.1 billion in the prior quarter.
- Over five years, Invested Capital peaked at $6.1 billion in Q2 2023 and troughed at $1.0 billion in Q3 2022.
- A 5-year average of $3.5 billion and a median of $3.6 billion in 2023 frame the typical range for Invested Capital.
- The widest annual swing landed in 2022, when Invested Capital jumped 46550.0%; it then slumped 56.77% in 2025.
- A 5-year view of Invested Capital shows it stood at $5.6 billion in 2022, then sank by 35.31% to $3.6 billion in 2023, then plunged by 38.65% to $2.2 billion in 2024, then soared by 59.58% to $3.5 billion in 2025, then slipped by 4.67% to $3.4 billion in 2026.
- Per Business Quant data, the three most recent Invested Capital figures were $3.4 billion in Q2 2026, $3.1 billion in Q1 2026, and $3.5 billion in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 212.62 Bn | 208.56 Bn | 8.34 Bn | 3.37 Bn |
| 2 | Danaher | 139.22 Bn | 134.87 Bn | 3.61 Bn | 1.41 Bn |
| 3 | Idexx Laboratories | 46.07 Bn | 45.88 Bn | 779.09 Mn | 519.00 Mn |
| 4 | Agilent Technologies | 39.35 Bn | 37.54 Bn | 990.00 Mn | 304.00 Mn |
| 5 | Iqvia Holdings | 38.18 Bn | 36.10 Bn | 1.44 Bn | 2.29 Bn |
| 6 | Natera | 37.68 Bn | 36.58 Bn | 696.04 Mn | 22.35 Mn |
| 7 | Illumina | 28.60 Bn | 27.43 Bn | 770.00 Mn | - |
| 8 | Mettler Toledo International | 28.37 Bn | 28.32 Bn | 650.22 Mn | 67.29 Mn |
| 9 | Quest Diagnostics | 26.30 Bn | 25.67 Bn | 1.03 Bn | 10.00 Mn |
| 10 | Labcorp Holdings | 25.82 Bn | 24.84 Bn | 1.01 Bn | 500.40 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 27, 2026 | 3.37 Bn |
| Mar 28, 2026 | 3.09 Bn |
| Dec 31, 2025 | 3.53 Bn |
| Sep 27, 2025 | 3.82 Bn |
| Jun 28, 2025 | 2.21 Bn |
| Mar 29, 2025 | 2.82 Bn |
| Dec 31, 2024 | 2.21 Bn |
| Sep 28, 2024 | 4.12 Bn |
| Jun 29, 2024 | 5.12 Bn |
| Mar 30, 2024 | 4.45 Bn |
| Dec 31, 2023 | 3.61 Bn |
| Sep 30, 2023 | 4.80 Bn |
| Jul 1, 2023 | 4.81 Bn |
| Apr 1, 2023 | 6.12 Bn |
| Dec 31, 2022 | 5.58 Bn |
| Oct 1, 2022 | 1.01 Bn |
| Jul 2, 2022 | 1.01 Bn |
| Apr 2, 2022 | 1.87 Bn |
| Dec 31, 2021 | 2.54 Bn |
| Oct 2, 2021 | 19.00 Mn |