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Return on assets at other companies

Becton, Dickinson and Company logo
Becton, Dickinson and CompanyBDX
2.2%-0.6pp
GLW
CorningGLW
6.2%+4.5pp
Danaher logo
DanaherDHR
4.5%-0.1pp
Idexx Laboratories logo
Idexx LaboratoriesIDXX
33.2%+5.9pp
WAT
Waters CorporationWAT
3.1%-11.3pp
Mettler-Toledo International, Inc. logo
Mettler-Toledo International, Inc.MTD
25.4%-0.7pp

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 return on assets?
Thermo Fisher Scientific (TMO) reported return on assets of 6.5% in Q1 2026.
How has Thermo Fisher Scientific's return on assets changed year-over-year?
Thermo Fisher Scientific's return on assets decreased by 2.9% year-over-year, from 6.6% to 6.5%.
What is the long-term trend for Thermo Fisher Scientific's return on assets?
Over 4 years (2021 to 2025), Thermo Fisher Scientific's return on assets has grown at a -14.0% compound annual growth rate (CAGR), from 47.9% to 26.2%.
What does return on assets mean?
How much profit the company squeezes out of everything it owns.
How do you interpret return on assets?
Higher means more productive assets. Unlike ROE, it is unaffected by leverage, so a wide ROE-minus-ROA gap flags a heavily levered balance sheet.
How does return on assets compare across companies?
Best compared within an industry — asset intensity varies enormously across sectors. Not meaningful for banks, whose assets are largely financial.