Thermo Fisher Scientific’s Revenue Breakdown (2018-2023)

This statistic highlights Thermo Fisher Scientific Inc.’s revenue breakdown, split between Consumables, Instruments and Services segments, reported on a quarterly basis  from Q1 2018 onwards.

Thermo Fisher Scientific’s Revenue Breakdown

(All figures in billions, except percentages)

The total revenue from all product types rose from $8.53 billion to $9.33 billion between Q3 2020 and Q3 2021, marking a growth of 9.38% on a year-on-year basis. It also grew by 0.06 billion, i.e., 0.64% between Q2 2021 and Q3 2021 quarterly.

Thermo Fisher Scientific’s revenue is bifurcated into the following product types:

Consumables

Thermo Fisher Scientific Inc. provides a wide range of consumables that help researchers to carry out their medical and biological research, diagnose diseases, and manufacture drugs smoothly. It has expanded its production of plastic consumables to keep up with the worldwide demand for Coronavirus testing and factory production of vaccines and medicines. This has created an extraordinary demand for plastics such as pipettes, tubes for storage, plates, bottles, and vials.

The revenue from this product type contributes to 59.42% as of Q3 2021 of the total revenue of the company. It grew yearly between Q3 2020 and Q3 2021 by $0.58 billion, i.e., 11.69%. It also increased by 8.26% from $5.37 billion in Q2 2021 to $5.54 billion in Q3 2021.

Instruments

Thermo Fisher Scientific Inc. offers a broad range of instruments that guarantee uniformity and speed up the research process. Examples of such instruments include materials and minerals instruments, portable analytical instruments, radiation measurement, security products, environmental and process instruments.

The revenue from instruments adds up to 19.46% of the total revenue of the company. It came down from $1.83 billion in Q3 2020 to $1.82 billion in Q3 2021, indicating a decline of 0.54% on a year-on-year basis. It also fell quarterly from $1.84 billion in Q2 2021 to $ 1.82 billion in Q3 2021 by 1.08%.

Services

Thermo Fisher Scientific offers customers the supplies and services required for medical, healthcare, safety, education, and scientific research methods. The company supplies its services to both the individual and the business sectors. It works for offering a variety of specialized as well as scientific support services comprising of on-site consumer service, delivery of desktop, etc.

The revenue from the services sector comprises 21.11% of the total revenue of the company. It increased from $1.74 billion in Q3 2020 to $1.97 billion in Q3 2021, marking a 13.21% growth yearly. Whereas, it declined by 4.36% quarterly between Q2 2021 and Q3 2021.

About the company

Thermo Fisher Scientific Inc. was incorporated in 1956. It is a public company. The headquarters of Thermo Fisher Scientific are established in Waltham in the United States. In May 2006, a merger took place in two companies namely: Fisher Scientific (est. 1902) and Thermo Electron (est. 1956). Now, the products and services of the company are sold under the logos of Fisher Scientific and Thermo Electron. The company allows consumers to create a cleaner, secure and progressive world. It’s a worldwide distributor of empirical mechanisms, analytes and consumables, and operating system services.

Real-Time PCR test, Vanquish core HPLC solutions, and Ultra low-temperature freezer are some of the Thermo Fisher Scientific’s well-known products. It has also contributed to the COVID-19 research methodology, including diagnostic testing, research, clinical trials, vaccine manufacturing, and distribution. In addition, the services sector hosts a variety of seminars and webinars on topics such as healthcare, life sciences, experimental planning, and more. TMO is the ticker symbol for this publicly traded company on the New York Stock Exchange.

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