Thermo Fisher Scientific (TMO) Return on Invested Capital (2009 - 2026)

Thermo Fisher Scientific (TMO) posted quarterly Return on Invested Capital of 0.01% for Q2 2026, little changed year-over-year from 0.01% in Q2 2025, and down 3.17% on a QoQ basis from 0.01% in Q1 2026.

Thermo Fisher Scientific (TMO) Return on Invested Capital (2009 - 2026) Analysis & Trends

Thermo Fisher Scientific has reported Return on Invested Capital for 18 years, with the latest figure at 0.01% in Q2 2026.

  • Return on Invested Capital for Q2 2026 came in at 0.01%, changed 0.0% year-over-year; the trailing twelve-month figure through Jun 2026 was 0.01% (changed 0.0% YoY), and the FY2025 annual result was 0.02%, changed 0.0% from the prior year.
  • Return on Invested Capital retreated to 0.01% in Q2 2026, from 0.01% in the prior quarter.
  • Over five years, Return on Invested Capital peaked at 0.02% in Q2 2022 and troughed at 0.0% in Q4 2023.
  • A 5-year average of 0.01% and a median of 0.01% in 2025 frame the typical range for Return on Invested Capital.
  • The largest YoY upside for Return on Invested Capital was 0 bps in 2022 against a maximum downside of 2 bps in 2022.
  • A 5-year view of Return on Invested Capital shows it stood at 0.01% in 2022, then tumbled by 66 bps to 0.0% in 2023, then increased by 24 bps to 0.0% in 2024, then soared by 52 bps to 0.01% in 2025, then retreated by 7 bps to 0.01% in 2026.
  • Per Business Quant data, the three most recent Return on Invested Capital figures were 0.01% in Q2 2026, 0.01% in Q1 2026, and 0.01% in Q4 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROIC (Qtr)
1 Thermo Fisher Scientific 213.73 Bn 209.67 Bn 8.34 Bn 0.01%
2 Danaher 140.25 Bn 135.90 Bn 3.61 Bn 0.02%
3 Idexx Laboratories 46.31 Bn 46.11 Bn 779.09 Mn 0.01%
4 Agilent Technologies 39.72 Bn 37.91 Bn 990.00 Mn 0.02%
5 Iqvia Holdings 39.32 Bn 37.24 Bn 1.44 Bn 0.00%
6 Natera 38.98 Bn 37.88 Bn 696.04 Mn -0.01%
7 Illumina 30.03 Bn 28.86 Bn 770.00 Mn -
8 Mettler Toledo International 28.62 Bn 28.57 Bn 650.22 Mn 0.04%
9 Quest Diagnostics 26.23 Bn 25.60 Bn 1.03 Bn 0.01%
10 Labcorp Holdings 25.87 Bn 24.88 Bn 1.01 Bn 0.04%

Historic Data

Download Data
DateValue
Jun 27, 2026 0.01%
Mar 28, 2026 0.01%
Dec 31, 2025 0.01%
Sep 27, 2025 0.01%
Jun 28, 2025 0.01%
Mar 29, 2025 0.00%
Dec 31, 2024 0.00%
Sep 28, 2024 0.00%
Jun 29, 2024 0.00%
Mar 30, 2024 0.00%
Dec 31, 2023 0.00%
Sep 30, 2023 0.00%
Jul 1, 2023 0.00%
Apr 1, 2023 0.01%
Dec 31, 2022 0.01%
Oct 1, 2022 0.01%
Jul 2, 2022 0.02%
Apr 2, 2022 0.02%
Dec 31, 2021 0.03%
Oct 2, 2021 0.03%