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Thermo Fisher Scientific TMO Effective tax rates

Effective tax rates at other companies

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Bio-Rad LaboratoriesBIO

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$219.63B+25.8%
Enterprise value$254.75B+22.8%
P/E31.5×+5.0×
P/S4.9×-1.0×

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%+0.1pp
Debt / equity0.7×0.0×
Current ratio1.6×-0.4×

Where this comes from

Reported directly by Thermo Fisher Scientific in its filing.

Tagged under the XBRL concept us-gaap:EffectiveIncomeTaxRateContinuingOperations.

The source filing: Thermo Fisher Scientific’s 10-Q, filed May 1, 2026.

Filed
May 1, 2026, 11:00 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000097745-26-000092
(Dollars in millions)Three months ended / March 28, 2026Three months ended / March 29, 2025
Effect of changes in tax laws or rates enacted in the current period0.0%0.1%
Effect of cross-border tax laws3.4%1.2%
Tax credits(2.6)%(2.8)%
Changes in valuation allowances0.0%(1.7)%
Nontaxable or nondeductible items0.0%(0.5)%
Changes in unrecognized tax benefits0.0%(1.7)%
Other adjustments(10.3)%(7.9)%
Effective tax rate$4.0%$5.8%

Item 1. Financial Statements (Unaudited)

FAQ

What is Thermo Fisher Scientific's effective tax rates?
Thermo Fisher Scientific (TMO) reported effective tax rates of $0.04 in Q1 2026.

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