Thermo Fisher Scientific TMO
NYSE TMO
$659.18 +10.75 (+1.66%)
As of: Sep 17, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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