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Thermo Fisher Scientific TMO Free cash flow yield

Free cash flow yield at other companies

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7.8%
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1.3%-1.5pp
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3.9%+0.6pp
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2.4%-0.1pp
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0.9%-1.9pp
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3.1%-0.4pp

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 free cash flow yield?
Thermo Fisher Scientific (TMO) reported free cash flow yield of 3.7% in Q1 2026.
How has Thermo Fisher Scientific's free cash flow yield changed year-over-year?
Thermo Fisher Scientific's free cash flow yield increased by 3.2% year-over-year, from 3.6% to 3.7%.
What is the long-term trend for Thermo Fisher Scientific's free cash flow yield?
Over 4 years (2021 to 2025), Thermo Fisher Scientific's free cash flow yield has grown at a -1.4% compound annual growth rate (CAGR), from 14.7% to 13.9%.
What does free cash flow yield mean?
The spendable cash the business throws off each year as a percentage of its market price.
How do you interpret free cash flow yield?
Higher yield can mean better value — you pay less for each dollar of cash generated. A useful sanity check against earnings-based multiples, which non-cash items can distort.
How does free cash flow yield compare across companies?
Comparable across cash-generative companies; less meaningful for firms in heavy-investment phases with temporarily negative FCF.