Thermo Fisher Scientific (TMO) Invested Capital (2009 - 2026)
Thermo Fisher Scientific's (TMO) quarterly Invested Capital came in at $98.3 billion in Q2 2026, up 12.1% on a YoY basis from $87.7 billion in Q2 2025, and little changed quarter-over-quarter from $98.0 billion in Q1 2026.
Analysis
Thermo Fisher Scientific (TMO) Invested Capital (2009 - 2026) Analysis & Trends
Thermo Fisher Scientific (TMO) has reported Invested Capital for 18 consecutive years, with $98.3 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Invested Capital rose 12.1% year-over-year to $98.3 billion; the trailing twelve-month figure through Jun 2026 stood at $98.3 billion (up 12.1% YoY), and the FY2025 full-year result was $96.1 billion, up 16.04% from the prior year.
- Invested Capital steadied at $98.3 billion in Q2 2026 per TMO's latest filing, from $98.0 billion in the prior quarter.
- Across five years, Invested Capital topped out at $98.3 billion in Q2 2026 and bottomed at $73.4 billion in Q3 2022.
- Historically, Invested Capital has averaged $85.8 billion across 5 years, with a median of $85.3 billion in 2023.
- The sharpest annual moves came in 2022 and 2024: Invested Capital soared 41.38% in 2022, then slipped 2.61% in 2024.
- Over 5 years, Invested Capital stood at $83.9 billion in 2022, then advanced by 1.4% to $85.1 billion in 2023, then retreated by 2.61% to $82.8 billion in 2024, then gained by 16.04% to $96.1 billion in 2025, then gained by 2.31% to $98.3 billion in 2026.
- According to Business Quant data, Invested Capital over the past three periods registered $98.3 billion, $98.0 billion, and $96.1 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 241.68 Bn | 237.61 Bn | 8.34 Bn | 98.34 Bn |
| 2 | Danaher | 147.34 Bn | 142.99 Bn | 3.61 Bn | 80.56 Bn |
| 3 | Agilent Technologies | 43.34 Bn | 41.59 Bn | 1.04 Bn | 11.62 Bn |
| 4 | Illumina | 34.58 Bn | 33.41 Bn | 770.00 Mn | 4.83 Bn |
| 5 | Revvity | 16.31 Bn | 15.29 Bn | 416.87 Mn | 10.43 Bn |
| 6 | Bio-Techne | 11.28 Bn | 11.01 Bn | 211.39 Mn | 2.31 Bn |
| 7 | Bio-Rad Laboratories | 10.16 Bn | 8.54 Bn | 345.80 Mn | 8.78 Bn |
| 8 | Repligen | 9.77 Bn | 8.75 Bn | 110.04 Mn | 2.67 Bn |
| 9 | 10x Genomics | 9.45 Bn | 8.90 Bn | 112.50 Mn | - |
| 10 | Bruker | 9.26 Bn | 9.04 Bn | 416.00 Mn | 4.23 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 27, 2026 | 98.34 Bn |
| Mar 28, 2026 | 97.98 Bn |
| Dec 31, 2025 | 96.12 Bn |
| Sep 27, 2025 | 90.33 Bn |
| Jun 28, 2025 | 87.72 Bn |
| Mar 29, 2025 | 86.17 Bn |
| Dec 31, 2024 | 82.84 Bn |
| Sep 28, 2024 | 88.20 Bn |
| Jun 29, 2024 | 87.74 Bn |
| Mar 30, 2024 | 85.35 Bn |
| Dec 31, 2023 | 85.06 Bn |
| Sep 30, 2023 | 85.23 Bn |
| Jul 1, 2023 | 82.42 Bn |
| Apr 1, 2023 | 83.48 Bn |
| Dec 31, 2022 | 83.89 Bn |
| Oct 1, 2022 | 73.56 Bn |
| Jul 2, 2022 | 73.42 Bn |
| Apr 2, 2022 | 75.94 Bn |
| Dec 31, 2021 | 78.06 Bn |
| Oct 2, 2021 | 60.46 Bn |