What is Thermo Fisher Scientific's capex?

Thermo Fisher Scientific (TMO) reported capex of $376M in Q1 2026.

How has Thermo Fisher Scientific's capex changed year-over-year?

Thermo Fisher Scientific's capex increased by 3.9% year-over-year, from $362M to $376M.

What is the long-term trend for Thermo Fisher Scientific's capex?

Over 4 years (2021 to 2025), Thermo Fisher Scientific's capex has grown at a -11.8% compound annual growth rate (CAGR), from $2.52B to $1.53B.

What does capex mean?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

Thermo Fisher Scientific TMO CapEx

CapEx at other companies

Becton, Dickinson and CompanyBDX

$125M+9.6%

Bio-Rad LaboratoriesBIO

$30M-12.8%

RevvityRVTY

$19.78M+23.7%

DanaherDHR

$237M-3.3%

Mesa LaboratoriesMLAB

$417K-44.9%

RepligenRGEN

$4.71M+32.2%

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+5.2%

Total assets$113.28B+14.4%

Cash flow

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Operating cash flow$1.2B+64.9%

Free cash flow$816.0M+126%

Valuation

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Market cap$187.95B+25.1%

Enterprise value$227.83B+24.5%

P/E27.5×+4.4×

P/S4.3×-0.8×

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%-0.2pp

Debt / equity0.8×+0.1×

Current ratio1.5×-0.2×

Where this comes from

Reported directly by Thermo Fisher Scientific in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

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 capex?: Thermo Fisher Scientific (TMO) reported capex of $376M in Q1 2026.
How has Thermo Fisher Scientific's capex changed year-over-year?: Thermo Fisher Scientific's capex increased by 3.9% year-over-year, from $362M to $376M.
What is the long-term trend for Thermo Fisher Scientific's capex?: Over 4 years (2021 to 2025), Thermo Fisher Scientific's capex has grown at a -11.8% compound annual growth rate (CAGR), from $2.52B to $1.53B.
What does capex mean?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.