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
DateValue
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