Thermo Fisher Scientific (TMO) Invested Capital (2009 - 2026)
Thermo Fisher Scientific (TMO) recorded quarterly Invested Capital of $94.9 billion in Q1 2026, up 2.48% on a QoQ basis from $92.6 billion in Q4 2025, and up 13.84% year-over-year from $83.3 billion in Q1 2025.
Thermo Fisher Scientific (TMO) Invested Capital (2009 - 2026) Analysis & Trends
Thermo Fisher Scientific has disclosed Invested Capital across 18 years of filings, most recently posting $94.9 billion for Q1 2026.
- Quarterly Invested Capital rose 13.84% year-over-year to $94.9 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $94.9 billion (up 13.84% YoY) and the FY2025 annual result came in at $92.6 billion, up 14.84% from the prior year.
- Invested Capital rose to $94.9 billion in Q1 2026, from $92.6 billion in the prior quarter.
- Over five years, Invested Capital peaked at $94.9 billion in Q1 2026 and troughed at $72.4 billion in Q3 2022.
- A 5-year average of $81.5 billion and a median of $80.9 billion in 2024 frame the typical range for Invested Capital.
- Annual changes were most pronounced in 2022 — Invested Capital jumped 37.91% — and 2024, when it fell 1.02%.
- Tracing TMO's Invested Capital over 5 years: stood at $78.3 billion in 2022, then rose by 4.01% to $81.5 billion in 2023, then retreated by 1.02% to $80.6 billion in 2024, then increased by 14.84% to $92.6 billion in 2025, then advanced by 2.48% to $94.9 billion in 2026.
- Business Quant data shows TMO's Invested Capital at $94.9 billion in Q1 2026, $92.6 billion in Q4 2025, and $86.5 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Waters | 30,529.42 Bn | 30,528.96 Bn | 1.11 Bn | 15.29 Bn |
| 2 | Thermo Fisher Scientific | 183.75 Bn | 180.50 Bn | 7.74 Bn | 94.88 Bn |
| 3 | Danaher | 133.13 Bn | 127.43 Bn | 3.59 Bn | 71.43 Bn |
| 4 | Idexx Laboratories | 46.14 Bn | 45.94 Bn | 722.74 Mn | 2.09 Bn |
| 5 | Agilent Technologies | 38.20 Bn | 36.39 Bn | 990.00 Mn | 2.85 Bn |
| 6 | Natera | 31.50 Bn | 30.40 Bn | 696.04 Mn | 1.80 Bn |
| 7 | Iqvia Holdings | 31.34 Bn | 29.36 Bn | 1.36 Bn | 9.31 Bn |
| 8 | Illumina | 24.51 Bn | 23.36 Bn | 721.00 Mn | 2.68 Bn |
| 9 | Mettler Toledo International | 23.53 Bn | 23.47 Bn | 555.82 Mn | 25.16 Mn |
| 10 | Quest Diagnostics | 22.51 Bn | 22.42 Bn | 942.00 Mn | 8.17 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 28, 2026 | 94.88 Bn |
| Dec 31, 2025 | 92.59 Bn |
| Sep 27, 2025 | 86.51 Bn |
| Jun 28, 2025 | 85.51 Bn |
| Mar 29, 2025 | 83.35 Bn |
| Dec 31, 2024 | 80.62 Bn |
| Sep 28, 2024 | 84.09 Bn |
| Jun 29, 2024 | 82.62 Bn |
| Mar 30, 2024 | 80.90 Bn |
| Dec 31, 2023 | 81.45 Bn |
| Sep 30, 2023 | 80.43 Bn |
| Jul 1, 2023 | 77.61 Bn |
| Apr 1, 2023 | 77.36 Bn |
| Dec 31, 2022 | 78.31 Bn |
| Oct 1, 2022 | 72.55 Bn |
| Jul 2, 2022 | 72.41 Bn |
| Apr 2, 2022 | 74.08 Bn |
| Dec 31, 2021 | 75.53 Bn |
| Oct 2, 2021 | 60.36 Bn |
| Jul 3, 2021 | 55.68 Bn |