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Thermo Fisher Scientific TMO Free cash flow margin

Free cash flow margin at other companies

Becton, Dickinson and Company logo
Becton, Dickinson and CompanyBDX
16.4%
Bio-Rad Laboratories logo
Bio-Rad LaboratoriesBIO
13.8%-0.2pp
GLW
CorningGLW
14.1%+5.7pp
Revvity logo
RevvityRVTY
17%-1.9pp
Kewaunee Scientific Corporation logo
Kewaunee Scientific CorporationKEQU
5.2%
Danaher logo
DanaherDHR
21.8%+1.5pp

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

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 free cash flow margin?
Thermo Fisher Scientific (TMO) reported free cash flow margin of 15.7% in Q1 2025.
How has Thermo Fisher Scientific's free cash flow margin changed year-over-year?
Thermo Fisher Scientific's free cash flow margin decreased by 11.9% year-over-year, from 17.8% to 15.7%.
What is the long-term trend for Thermo Fisher Scientific's free cash flow margin?
Over 4 years (2020 to 2024), Thermo Fisher Scientific's free cash flow margin has grown at a -5.4% compound annual growth rate (CAGR), from 21.2% to 16.9%.
What does free cash flow margin mean?
Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.

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