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Thermo Fisher Scientific TMO Q4 2025 Annual earnings

Reported January 29, 2026 · Before market open

Revenue$12.2BBeat by $265.3M
EPS$6.57Beat by $0.12
Revenue estimate$11.9B
EPS estimate$6.45

Next report

Oct 21, 2026 (In 2 weeks)
Revenue estimate$12.0B
EPS estimate$6.41

Financials

Q4 2025

Income statement

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Net income$2.0B+7.3%
EPS (diluted)$5.21+9.0%

Balance sheet

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Cash & equivalents$9.9B+145%
Total debt$44.4B+26.9%
Total equity$53.4B+7.7%
Total assets$110.34B+13.4%

Cash flow

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Operating cash flow$3.5B+5.1%
CapEx$465.0M-3.1%
Free cash flow$3.0B+6.5%

Valuation & ratios

Valuation

as of 12/31/25
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Market cap$217.7B+9.4%
Enterprise value$252.21B+9.7%
P/E32.5×+1.1×

Returns & leverage

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Return on equity13%-0.1pp
Debt / equity0.8×+0.1×
Current ratio1.9×+0.2×

Segments

By segment

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Laboratory Products and Biopharma Services$6.4B+7.5%
Life Sciences Solutions$2.9B+13.1%
Analytical Instruments$2.2B+1.3%
Specialty Diagnostics$1.2B+5.4%

By geography

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North America$6.1B+4.2%
Europe$3.4B+16.5%
Asia-Pacific$2.3B+3.5%
Other regions$462.0M+5.2%

By product

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Consumables$5.0B+11.3%
Service revenues$5.0B+7.4%
Instruments$2.2B-1.3%

FAQ

When did Thermo Fisher Scientific report Q4 2025 earnings?
Thermo Fisher Scientific (TMO) reported Q4 2025 earnings on January 29, 2026 before market open.
What were Thermo Fisher Scientific's Q4 2025 revenue and EPS?
Thermo Fisher Scientific reported revenue of $12.2B and eps of $6.57 for Q4 2025.
Did Thermo Fisher Scientific beat estimates in Q4 2025?
Revenue beat the consensus estimate of $11.9B by $265.3M. EPS beat the consensus estimate of $6.45 by $0.12.
How did Thermo Fisher Scientific's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 7.2% from $11.4B a year earlier and eps grew 7.7% from $6.10.
Where can I find Thermo Fisher Scientific's Q4 2025 SEC filings?
You can read the 8-K earnings release (0000097745-26-000012) and the 10-K periodic report (0000097745-26-000018) directly on SEC EDGAR. The filing index links above go to sec.gov.