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Thermo Fisher Scientific TMO Analytical Instruments — Currency translation

Other segment segments

Life Sciences Solutions
$473M+504%
Laboratory Products and Biopharma Services
$444M+464%
Specialty Diagnostics
$292M+310%

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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$214.46B+26.5%
Enterprise value$249.58B+23.3%
P/E30.8×+5.0×
P/S4.8×-0.9×

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:GoodwillForeignCurrencyTranslationGainLoss.

The source filing: Thermo Fisher Scientific’s 10-K, filed February 26, 2026.

Filed
Feb 26, 2026, 12:11 PM EST
Fiscal year
FY2025
Accession
0000097745-26-000018
(In millions)Life Sciences SolutionsAnalytical InstrumentsSpecialty DiagnosticsLaboratory Products and Biopharma ServicesTotal
Balance at December 31, 2023$10,151$5,051$4,923$23,895$44,020
Acquisitions2,3022,302
Currency translation(117)(92)(139)(122)(470)
Balance at December 31, 202412,3364,9594,78423,77345,853
Acquisitions2,101152,117
Currency translation4731842924441,393
Balance at December 31, 2025$14,910$5,143$5,076$24,232$49,362

Item 8. Financial Statements and Supplementary Data

FAQ

What is Thermo Fisher Scientific's analytical instruments — currency translation?
Thermo Fisher Scientific (TMO) reported analytical instruments — currency translation of $46M in Q4 2025.
How has Thermo Fisher Scientific's analytical instruments — currency translation changed year-over-year?
Thermo Fisher Scientific's analytical instruments — currency translation increased by 300.0% year-over-year, from -$23M to $46M.
What is the long-term trend for Thermo Fisher Scientific's analytical instruments — currency translation?
Over 4 years (2021 to 2025), Thermo Fisher Scientific's analytical instruments — currency translation has grown at a 18.9% compound annual growth rate (CAGR), from -$92M to $184M.
What does analytical instruments — currency translation mean?
Reflects the impact of foreign exchange rate fluctuations on the reported financial results of the Analytical Instruments segment. It quantifies how the strengthening or weakening of the reporting currency against international currencies affects revenue and expense recognition.

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