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Thermo Fisher Scientific TMO Consumables — Consolidated revenues

Other product segments

Service revenues
$4.73B+7.8%
Instruments
$1.56B-4.4%

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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$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
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:RevenueFromContractWithCustomerExcludingAssessedTax.

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
(In millions)Three months ended / March 28, 2026March 29, 2025
Revenues
Consumables$4,722$4,354
Instruments1,5551,626
Services4,7284,384
Consolidated revenues$11,005$10,364

Item 1. Financial Statements (Unaudited)

FAQ

What is Thermo Fisher Scientific's consumables — consolidated revenues?
Thermo Fisher Scientific (TMO) reported consumables — consolidated revenues of $4.72B in Q1 2026.
How has Thermo Fisher Scientific's consumables — consolidated revenues changed year-over-year?
Thermo Fisher Scientific's consumables — consolidated revenues increased by 8.5% year-over-year, from $4.35B to $4.72B.
What is the long-term trend for Thermo Fisher Scientific's consumables — consolidated revenues?
Over 4 years (2021 to 2025), Thermo Fisher Scientific's consumables — consolidated revenues has grown at a -4.7% compound annual growth rate (CAGR), from $22.61B to $18.66B.
What does consumables — consolidated revenues mean?
This metric represents the total revenue generated from the sale of single-use, recurring laboratory and scientific products. It captures the demand for items that are depleted during research, diagnostic, or manufacturing processes, serving as a key indicator of recurring business health. This revenue stream is critical for assessing the stability and long-term growth potential of the company's installed base of scientific equipment.

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