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Asset turnover at other companies

Becton, Dickinson and Company logo
Becton, Dickinson and CompanyBDX
0.4×0.0×
Bio-Rad Laboratories logo
Bio-Rad LaboratoriesBIO
0.3×0.0×
GLW
CorningGLW
0.5×0.0×
Revvity logo
RevvityRVTY
0.2×0.0×
Kewaunee Scientific Corporation logo
Kewaunee Scientific CorporationKEQU
1.5×+0.1×
Danaher logo
DanaherDHR
0.3×0.0×

Other financials

Income statement

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Revenue$12.0B
Operating income$2.1B
Net income$1.7B+7.4%
EPS (diluted)$4.68+9.3%

Balance sheet

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Cash & equivalents$4.1B-11.7%
Total debt$39.2B+4.6%
Total equity$52.7B+4.3%
Total assets$113.17B+11.8%

Cash flow

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Operating cash flow$2.1B+51.9%
CapEx-$1.2B-509%
Free cash flow$923.0M-16.5%

Valuation

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Market cap$213.42B+21.1%
Enterprise value$248.54B+18.9%
P/E30.6×+3.9×
P/S4.8×-0.9×

Profitability

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Gross margin58.3%
Operating margin17.2%+0.8pp
Net margin15.2%+1.0pp
FCF margin15.7%-2.1pp

Returns & leverage

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Return on equity13.5%+0.1pp
Debt / equity0.7×0.0×
Current ratio1.6×-0.4×

Where this comes from

Calculated from Thermo Fisher Scientific’s reported figures.

Based on trailing twelve months.

The source filing: Thermo Fisher Scientific’s 10-Q, filed May 1, 2026. Open the filing →

Filed
May 1, 2026, 11:00 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000097745-26-000092

FAQ

What is Thermo Fisher Scientific's asset turnover?
Thermo Fisher Scientific (TMO) reported asset turnover of 0.4× in Q1 2025.
How has Thermo Fisher Scientific's asset turnover changed year-over-year?
Thermo Fisher Scientific's asset turnover decreased by 1.3% year-over-year, from 0.4× to 0.4×.
What is the long-term trend for Thermo Fisher Scientific's asset turnover?
Over 4 years (2020 to 2024), Thermo Fisher Scientific's asset turnover has grown at a -3.6% compound annual growth rate (CAGR), from 0.5× to 0.4×.
What does asset turnover mean?
Trailing-twelve-month revenue divided by average total assets. Measures how many dollars of sales each dollar of assets generates — the efficiency leg of the DuPont decomposition of ROE.

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