If you had invested in Thermo Fisher Scientific ago, it would be worth $4,957 today, against $4,305 in SPY and $6,524 in QQQ.
Arincen ScoreBeta
Six parts of the company, five checks each, from its own reported figures. A part scores the checks it passes out of 10; the score is their average out of 100.
Profitability6
Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.
Cash8
Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.
Valuation4
Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.
Growth8
Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.
Financial strength6
Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.
Shareholders8
Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.
Figures to FY2025; the price as of today.
Thermo Fisher Scientific key facts
- Style
- Blend stock · 4.9/10Growth 4.4 · Value 4.9 · Dividend 1.0
- Day range
- 692.85 – 710.05
- 52-week range
- 435.27 – 711.85
- Market capitalization
- 261.70B USD
- P/E
- 37.19
- EPS
- 18.99
- Div Yield
- 0.27%
- EPS growth forecast (FY2026)
- +10.6%
- Volume
- 70,657
- Sector
- Healthcare
- Industry
- Medical - Diagnostics & Research
- CEO
- Marc N. Casper
- Employees
- 125K
- Website
- thermofisher.com
- IPO date
- 17 Mar 1980
Thermo Fisher Scientific earnings
Revenue
EPS
| Period | Report date | EPS estimate | Reported EPS | Surprise | EPS growth | Revenue estimate | Reported revenue | Surprise | Revenue growth |
|---|---|---|---|---|---|---|---|---|---|
| Q3 FY2027 | 7.15 | — | — | +6.96% | 12.68B | — | — | +4.49% | |
| Q2 FY2027 | 6.62 | — | — | +9.77% | 12.46B | — | — | +3.85% | |
| Q1 FY2027 | 6.06 | — | — | +11.36% | 11.74B | — | — | +6.70% | |
| Q4 FY2026 | 7.13 | — | — | +8.52% | 12.84B | — | — | +5.14% | |
| Q3 FY2026 | 6.40 | 6.68 | +4.37% | +15.37% | 11.95B | 12.14B | +1.54% | +9.13% | |
| Q2 FY2026 | 5.72 | 6.03 | +5.42% | +12.50% | 11.71B | 11.99B | +2.46% | +10.49% | |
| Q1 FY2026 | 5.25 | 5.44 | +3.62% | +5.63% | 10.86B | 11.01B | +1.29% | +6.18% | |
| Q4 FY2025 | 6.45 | 6.57 | +1.86% | +7.70% | 11.95B | 12.22B | +2.22% | +7.20% | |
| Q3 FY2025 | 5.50 | 5.79 | +5.27% | +9.66% | 10.92B | 11.12B | +1.87% | +4.94% | |
| Q2 FY2025 | 5.23 | 5.36 | +2.49% | -0.19% | 10.68B | 10.86B | +1.62% | +2.98% |
| Period | EPS estimate | Reported EPS | Surprise | EPS growth | Revenue estimate | Reported revenue | Surprise | Revenue growth |
|---|---|---|---|---|---|---|---|---|
| FY2028 | 30.63 | — | — | +10.41% | 53.76B | — | — | +6.33% |
| FY2027 | 27.74 | — | — | +9.71% | 50.57B | — | — | +5.34% |
| FY2026 | 25.29 | — | — | +10.56% | 48.00B | — | — | +7.73% |
| FY2025 | 22.75 | 22.87 | +0.55% | +4.62% | 44.29B | 44.56B | +0.61% | +3.91% |
| FY2024 | 21.70 | 21.86 | +0.73% | +1.49% | 42.77B | 42.88B | +0.25% | +0.05% |
| FY2023 | 21.52 | 21.54 | +0.09% | -7.31% | 42.75B | 42.86B | +0.25% | -4.58% |
| FY2022 | 23.04 | 23.24 | +0.88% | -7.45% | 43.88B | 44.92B | +2.36% | +14.55% |
Thermo Fisher Scientific analyst forecast
Analysts' 1-year price targets range from 520.00 to 800.00, with an average of 694.27.
| Strong buy | 0 | |
| Buy | 10 | |
| Hold | 3 | |
| Sell | 0 | |
| Strong sell | 0 |
12-month price target
| Highest target | 800.00 |
| Average target | 694.27 |
| Lowest target | 520.00 |
| Current price | 706.32 |
Thermo Fisher Scientific valuation
- Price to earnings ratio (TTM)
- 37.19
- Forward P/E (FY2026)
- 27.93
- Price to sales (TTM)
- 5.53
- Price to book
- 4.78
- EV / EBITDA (TTM)
- 26.42
Capital structure
Valuation over time
Thermo Fisher Scientific against its own history
Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.
Its peers: Danaher, Natera, IDEXX Laboratories, Agilent Technologies, Waters, and IQVIA Holdings, the US Medical - Diagnostics & Research companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.
- P/E (today)Above its median37.222.839.7
- Gross marginBelow its median40.9%40.1%50.1%Against its peers: 6 of 7Peers' median 59.4%
- Operating marginAt its median18.2%17.4%26.3%Against its peers: 5 of 7Peers' median 21.1%
- Net marginAt its median15.1%14.0%19.7%Against its peers: 4 of 7Peers' median 16.7%
- Return on equityLowest in 5 years12.6%12.6%18.9%Against its peers: 5 of 7Peers' median 20.1%
- Free cash flow marginLowest in 5 years14.1%14.1%17.9%Against its peers: 5 of 7Peers' median 16.8%
- Revenue growthAt its median3.9%-4.6%21.7%Against its peers: 6 of 7Peers' median 6.9%
- EPS growthAbove its median7.3%-12.4%21.8%Against its peers: 2 of 6Peers' median 3.2%
- Debt to EBITDAHighest in 5 years3.43×2.78×3.43×Against its peers: 5 of 6Peers' median 1.83×
- Current ratioHighest in 5 years1.891.481.89Against its peers: 3 of 7Peers' median 1.80
Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.
Thermo Fisher Scientific growth and profitability
- Revenue (TTM)
- 47.35B USD
- Net income (TTM)
- 7.08B USD
- Gross margin
- 41.44%
- Operating margin
- 17.98%
- Net margin
- 14.96%
Revenue / Net income
Thermo Fisher Scientific revenue breakdown
By product
| Segment | Revenue | Share of revenue | Change on the year |
|---|---|---|---|
| Consumables | 18.66B | 41.9% | +6.1% |
| Service | 18.59B | 41.7% | +4.2% |
| Instruments | 7.30B | 16.4% | -1.9% |
By region
| Region | Revenue | Share of revenue | Change on the year |
|---|---|---|---|
| UNITED STATES | 23.03B | 51.7% | +2.4% |
| Europe | 11.83B | 26.5% | +8.9% |
| Asia Pacific | 8.10B | 18.2% | +1.8% |
| All Other Countries | 1.60B | 3.6% | +2.3% |
How Thermo Fisher Scientific makes its money
FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.
FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.
Thermo Fisher Scientific dividends
- Annual dividend
- 1.88 USD
- Dividend yield (indicated)
- 0.27%
- Payout ratio
- 9.69%
- Years of dividend growth
- 9
- Frequency
- Quarterly
- Last payment
- 0.47 USD
- Last ex-dividend date
- 15 Sept 2026
- Last payment date
- 15 Oct 2026
Dividends per share
Thermo Fisher Scientific financial health
- Cash and short-term investments
- 6.06B USD
- Total debt
- 41.37B USD
- Net cash
- -35.31B USD
- Free cash flow (TTM)
- 7.60B USD
- Current ratio
- 1.81
- Debt to equity
- 0.76
- Piotroski score
- 7 / 9
- Altman Z-score
- 4.12
Cash, debt and free cash flow
Thermo Fisher Scientific ownership
- Institutions
- 91.40%
- Institutional holders
- 2,714 (+28)
- Free float
- 99.74%
Insider trading
| Quarter | Purchases | Sales | Shares acquired | Shares disposed of |
|---|---|---|---|---|
| Q4 2026 | 0 | 1 | 0.00 | 6.32K |
| Q3 2026 | 0 | 93 | 87.75K | 194.27K |
| Q2 2026 | 0 | 1 | 5.33K | 480.29 |
| Q1 2026 | 0 | 35 | 116.36K | 40.06K |
Shares outstanding
Source: Financial Modeling Prep







