TMONYSEMeasuring & Controlling Devices, NECFiscal year ends December 31

THERMO FISHER SCIENTIFIC INC.

Financials through Q2 FY2026, quarter ended Jun 27, 2026Last filing: 10-Q on Jul 31, 2026

$679.38−10.62 (-1.54%)

Close on Oct 19, 2026

Market cap: $252.05B
P/E (TTM): 36.6
Dividend yield: 0.25%

THERMO FISHER SCIENTIFIC INC. cash flow statement

Annual Quarterly TTM

Millions of USD, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31	FY 2014 2014-12-31	FY 2013 2013-12-31	FY 2012 2012-12-31	FY 2011 2011-12-31	FY 2010 2010-12-31	FY 2009 2009-12-31	FY 2008 2008-12-31	FY 2007 2007-12-31
Depreciation & Amortization	–	–	–	–	–	–	–	2,267	2,033	1,758	1,688	1,685	1,000	984	860	740	763	793	757
Stock-Based Compensation	310	301	278	307	230	196	181	181	159	133	125	117	91	78	80	82	67	57	51
Deferred Income Taxes	-639	-1,209	-1,300	-997	-645	-269	-499	-474	-1,696	-639	-600	-693	-426	-258	-123	-261	-240	-151	–
Other Non-Cash Items	-455	-508	-604	-550	-190	-338	-82	-103	-186	-142	-61	-38	-23	-54	-50	-73	-64	–	–
Change in Accounts Receivable	-426	-171	-43	-430	-204	-1,302	-225	-366	-362	-352	-149	-145	-148	12	-101	-71	125	51	10
Change in Inventory	-74	-27	598	-825	-1,065	-508	-458	-324	-81	98	-141	-110	-72	-60	-29	-24	108	50	14
Change in Accounts Payable	421	212	-500	648	479	59	266	201	274	56	-3.00	1.20	47	10	34	-0.50	-45	-124	6.90
Operating Cash Flow	7,818	8,667	8,406	9,154	9,312	8,289	4,973	4,543	4,005	3,258	2,942	2,620	2,011	2,040	1,691	1,498	1,659	1,420	1,484
Capital Expenditures	-1,525	-1,400	-1,479	-2,243	-2,523	-1,474	-926	-758	-508	-444	-423	-428	-282	-315	-261	-245	-200	-264	-176
Acquisitions	-4,037	-3,132	-3,660	-39	-19,395	-38	-1,843	-536	-7,226	-5,178	-695	-13,060	-11	-1,083	-5,690	-606	-637	-202	-493
Sale of Property, Plant & Equipment	44	57	87	24	20	8.00	36	50	7.00	26	18	49	21	13	8.20	10	13	15	19
Divestitures	–	–	–	–	0	0	1,128	0	0	0	0	1,522	0	0	14	0	4.40	3.50	0
Purchase of Investments	-383	-3,396	-208	-52	–	–	–	–	–	–	–	–	–	–	–	–	0	-0.10	-8.10
Sale & Maturity of Investments	1,565	1,770	15	116	–	–	–	–	–	–	–	–	–	–	–	–	1.20	1.40	33
Other Investing Activities	21	8.00	33	20	-42	-6.00	118	-9.00	-2.00	76	-5.00	-3.30	-1.80	-0.80	-6.00	-10	-3.70	-11	-42
Investing Cash Flow	-4,047	-5,841	-5,142	-2,159	-21,932	-1,510	-1,487	-1,253	-7,729	-5,520	-1,093	-11,783	-263	-1,371	-5,142	-859	-830	-450	-586
Dividends Paid	-636	-583	-523	-455	-395	-337	-297	-266	-237	-238	-241	-235	-216	-142	0	–	–	–	–
Share Repurchases	-3,000	-4,000	-3,000	-3,000	-2,000	-1,500	-1,500	-500	-750	-1,250	-500	0	-90	-1,150	-1,338	-1,013	-415	-187	-898
Stock Issued	–	–	–	–	–	–	0	0	1,690	0	0	2,942	0	0	158	77	54	85	345
Debt Issued	7,759	1,204	5,942	3,193	18,137	3,464	5,638	690	6,459	7,604	1,798	6,592	3,168	1,282	4,254	741	748	0	0.80
Debt Repaid	-2,412	-3,607	-5,782	-375	-11,738	-710	-6,355	-2,052	-3,299	-4,334	-3,789	-4,466	-1.00	–	–	–	-312	-131	-10
Short-Term Debt Issued (Repaid), Net	–	–	–	–	–	–	–	–	–	904	50	-250	-12	24	9.20	-7.90	-21	-15	-464
Other Financing Activities	90	195	56	-9.00	65	46	-74	-51	-3.00	-14	-6.00	-8.50	-18	-4.60	3.90	0	0	–	–
Financing Cash Flow	1,801	-6,792	-3,622	-2,810	6,581	959	-3,118	-2,237	3,854	2,759	-2,617	4,796	3,310	-918	3,551	-1,295	-558	-228	-929
Foreign Exchange Rate Adjustments	267	-91	-82	-139	194	176	-63	-297	420	-152	-130	-116	-37	38	-0.20	9.20	11	–	–
Net Change in Cash	5,839	-4,057	-440	4,046	-5,845	7,914	305	756	550	345	-898	-4,483	5,020	-211	99	-647	284	655	-42
Free Cash Flow	6,293	7,267	6,927	6,911	6,789	6,815	4,047	3,785	3,497	2,814	2,519	2,192	1,728	1,724	1,430	1,252	1,459	1,156	1,308
Income Taxes Paid	1,776	1,834	1,482	1,234	2,182	1,324	896	591	479	663	477	586	226	331	353	339	312	292	–
Interest Paid	1,612	1,570	1,385	667	555	471	790	687	533	458	438	436	215	230	121	83	100	130	–

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Jun 27, 2026

Profitability, TTM

Gross margin: –
Operating margin: 17.6%
Net margin: 15.0%
Return on equity, FY2025: 13.0%

Financial strength

Current ratio: 1.55
Debt to equity: 0.81
Debt to assets: 37.6%
Cash to current liabilities: 27.0%

Valuation

P/E ratio: 36.6
Price to sales: 5.44
Price to book: 4.78
Dividend yield: 0.25%