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Asset turnover at other companies

Becton, Dickinson and Company logo
Becton, Dickinson and CompanyBDX
0.4×0.0×
GLW
CorningGLW
0.6×+0.1×
Danaher logo
DanaherDHR
0.3×0.0×
Idexx Laboratories logo
Idexx LaboratoriesIDXX
1.3×+0.2×
WAT
Waters CorporationWAT
0.3×-0.4×
Mettler-Toledo International, Inc. logo
Mettler-Toledo International, Inc.MTD
1.2×0.0×

Other financials

Income statement

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Revenue$11.0B+6.2%
Operating income$1.9B+8.6%
Net income$1.7B+9.6%
EPS (diluted)$4.43+11.3%

Balance sheet

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Cash & equivalents$3.3B-21.4%
Total debt$43.2B+16.6%
Total equity$51.9B+5.1%
Total assets$113.28B+14.4%

Cash flow

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Operating cash flow$1.2B+64.9%
CapEx$376.0M+3.9%
Free cash flow$816.0M+126%

Valuation

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Market cap$171.57B-2.7%
Enterprise value$211.45B+0.9%
P/E25.1×-2.0×
P/S-0.8×

Profitability

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Gross margin58.3%
Operating margin17.2%+0.8pp
Net margin15.2%+1.0pp

Returns & leverage

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Return on equity13.5%-0.2pp
Debt / equity0.8×+0.1×
Current ratio1.5×-0.2×

Where this comes from

Calculated from Thermo Fisher Scientific’s reported figures.

Based on trailing twelve months.

The official record: Thermo Fisher Scientific’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

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 3 years (2021 to 2024), Thermo Fisher Scientific's asset turnover has grown at a -7.5% compound annual growth rate (CAGR), from 2.2× to 1.7×.
What does asset turnover mean?
How many sales dollars the company generates from each dollar of assets.
How do you interpret asset turnover?
Higher turnover means a more sales-efficient asset base. Low-margin businesses (retail, distribution) compete on high turnover; high-margin ones (software, luxury) on margin.
How does asset turnover compare across companies?
Compare within an industry — turnover differences across sectors reflect business models, not performance.