Income StatementBalance SheetCash FlowSegments
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Thermo Fisher Scientific Balance Sheet Statement

Assets, liabilities, and shareholders' equity

Thermo Fisher Scientific holds $113.28B in total assets. Shareholders' equity is $51.9B against $43.2B in total debt. Cash and equivalents total $3.3B. The current ratio is 1.53 and debt-to-equity is 0.831. Based on the Q1 2026 filing.

Total Assets$113.28BTotal Stockholders Equity$51.9BLong Term Debt$42.9BCash And Equivalents$3.3BTotal Current Assets$22.3BTotal Current Liabilities$14.6B
Latest FilingQ1 2026
Report Date2026-05-01
Market Cap$166.59B
P/E Ratio24.33
ROE13.52%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accrued Manufacturing Costs$2.0B$1.4B$1.5B$1.9B$2.0B$1.6B
Accrued Progress Collections and Price Adjustments$1.1B$1.1B$1.1B$1.2B$1.2B$1.0B
Compensation and benefits$2.0B$1.4B$1.5B$1.9B$2.0B$1.6B
Other accrued liabilities$3.2B$3.0B$3.2B$3.2B$3.3B$3.7B
Deferred revenue$2.9B$2.9B$2.8B$2.9B$2.7B$2.9B
Derivative Liabilities - Fair Value————$319.0M$444.0M
Dividends payable—$164.0M$165.0M$164.0M—$177.0M
Total current liabilities$13.3B$13.2B$12.7B$14.9B$15.2B$14.6B

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Allowance for Doubtful Accounts$173.0M$165.0M$160.0M$155.0M$147.0M$149.0M
Cash and cash equivalents$4.0B$4.2B$4.6B$2.0B$9.9B$3.3B
Contract assets$1.4B$1.4B$1.4B$1.6B$1.7B$1.7B
Finished goods$2.4B$2.5B$2.7B$2.8B$2.7B$2.6B
Other current assets$2.0B$2.4B$2.6B$2.5B$2.6B$2.7B
Derivative Assets - Fair Value————$685.0M$780.0M
Derivative assets————$685.0M$780.0M
Raw materials$1.8B$1.9B$1.9B$2.0B$1.9B$1.9B
Work in process$755.0M$874.0M$947.0M$990.0M$889.0M$942.0M
Restricted cash$10.0M$16.0M$3.0M$7.0M$5.0M$4.0M
Total current assets$22.1B$23.4B$24.6B$22.3B$28.7B$22.3B

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accumulated other comprehensive income (loss)-$2.7B-$2.3B-$2.8B-$2.8B-$2.4B-$2.5B
Additional paid-in capital$18.0B$18.1B$18.2B$18.3B$18.6B$18.7B
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively$444.0M$444.0M$444.0M$445.0M$445.0M$445.0M
Preferred stock; $0.001 par value; 100 shares authorized; no shares issued and outstanding$0.0$0.0$0.0$0.0$0.0$0.0
Retained earnings$53.1B$54.4B$55.9B$57.4B$59.2B$60.6B
Total liabilities and stockholders' equity$97.3B$99.0B$101.2B$103.0B$110.3B$113.3B
Total stockholders' equity$49.6B$49.4B$50.5B$51.0B$53.4B$51.9B
Treasury stock$19.2B$21.3B$21.3B$22.3B$22.3B$25.4B

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Contract Assets, Non-Current$6.0M$4.0M$1.0M$1.0M$1.0M$1.0M
Deferred tax assets$1.3B$1.0B$624.0M$842.0M$1.5B-$258.0M
Deferred Tax Assets and Other Non-Current Assets$4.5B$4.5B$4.6B$5.0B$5.9B$6.0B
Goodwill$45.9B$46.5B$47.2B$49.3B$49.4B$55.2B
Other intangible assets—net$15.5B$15.3B$15.1B$16.2B$15.8B$19.1B
Other non-current assets$4.5B$4.5B$4.6B$5.0B$5.9B$6.0B
Short-term investment securities (includes restricted investments of consolidated variable interest entities: 2026, $85; 2025, $84)$1.6B$1.8B$1.8B$1.6B$253.0M$2.0M
Property and equipment, net$9.3B$9.3B$9.6B$10.2B$10.6B$10.7B
Software and Technology Licenses, Net$4.5B$4.5B$4.6B$5.0B$5.9B$6.0B
Total assets$97.3B$99.0B$101.2B$103.0B$110.3B$113.3B

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Contract Liabilities, Non-Current$1.1B$1.1B$1.1B$1.2B$1.2B$1.0B
Finance lease liabilities$202.0M$200.0M$196.0M$196.0M$213.0M$213.0M
Finance Lease Liabilities (Total)$202.0M$200.0M$196.0M$196.0M$213.0M$213.0M
Long-term debt$31.1B$34.0B$35.0B$35.5B$39.2B$42.9B
Long-Term Debt and Finance Lease Obligations$29.1B$31.4B$33.0B$31.9B$35.9B$40.1B
Deferred revenue, net of current portion$1.1B$1.1B$1.1B$1.2B$1.2B$1.0B
Other non-current liabilities$4.0B$4.0B$4.3B$4.3B$4.3B$4.4B
Total Carrying Value of Debt$31.3B$34.3B$35.3B$35.7B$39.5B$43.3B
Total liabilities————$522.0M$767.0M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gross Assets/Liabilities————$506.0M$598.0M
Allowance for doubtful accounts$173.0M$165.0M$160.0M$155.0M$147.0M$149.0M
Contingent consideration————$67.0M$67.0M
Contingent consideration————$16.0M$168.0M
Insurance contracts————$280.0M$266.0M
Common stock, par value (in dollars per share)$1.00$1.00$1.00$1.00$1.00$1.00
Common stock, shares authorized (in shares)1.2B1.2B1.2B1.2B1.2B1.2B
Common stock, shares issued (in shares)443.8M444.2M444.4M444.6M445.2M445.5M
Short-term debt and current portion of long-term debt$2.2B$2.8B$2.2B$3.8B$3.5B$3.1B
Long-term debt, gross$31.3B$34.3B$35.3B$35.7B$39.5B$43.3B
Debt Instrument, Fair Value Disclosure$28.5B$31.2B$32.4B$33.1B$36.6B$39.7B
Debt Instrument, Unamortized Discount (Premium), Net$95.0M$96.0M$98.0M$95.0M$94.0M$91.0M
Debt Issuance Costs, Net————$194.0M$229.0M
Deferred income taxes$1.3B$1.0B$624.0M$842.0M$1.5B$2.1B
Derivative Asset, Subject to Master Netting Arrangement, after Offset————$366.0M$337.0M
Derivative Asset, Subject to Master Netting Arrangement, Liability Offset————$319.0M$444.0M
Derivative, gross, assets————$685.0M$780.0M
Derivatives, gross, liabilities————$506.0M$598.0M
Derivative Liability————$506.0M$598.0M
Derivative Liability, Subject to Master Netting Arrangement, after Offset————$187.0M$155.0M
Derivative Liability, Subject to Master Netting Arrangement, Asset Offset————$319.0M$444.0M
Investments Fair Value Disclosure————$103.0M$110.0M
Long-Term Debt and Lease Obligation$29.1B$31.4B$33.0B$31.9B$35.9B$40.1B
Noncontrolling interests in subsidiaries-$33.0M-$33.0M-$35.0M$7.0M$7.0M$7.0M
Countries with taxable presence—70.0070.0070.00—70.00
Preferred Stock, Par or Stated Value Per Share$100.00$100.00$100.00$100.00$100.00$100.00
Preferred Stock, Shares Authorized50K50K50K50K50K50K
Preferred Stock, Shares Issued000000
Redeemable noncontrolling interests in subsidiaries$120.0M$128.0M$126.0M$129.0M$122.0M$121.0M
Restructuring Reserve$50.0M$59.0M$74.0M$85.0M$70.0M$65.0M
Remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied—$24.5B$25.0B$26.5B—$29.4B
RPO percentage—————52.0%
Time Deposits At Carrying Value————$250.0M—
Treasury stock, shares (in shares)63.1M66.8M66.8M68.9M68.9M73.9M
Unrecognized tax benefits$525.0M$525.0M$520.0M$515.0M$419.0M$420.0M