Thermo Fisher Scientific Inc.
Close on Nov 2, 2026Market cap $252.41BP/E 36.0Yield 0.25%
Thermo Fisher Scientific Adjusted ROIC — Trailing 5-Quarter Average by Year
Adjusted ROIC — Trailing 5-Quarter Average (%)
Thermo Fisher Scientific Adjusted ROIC — Trailing 5-Quarter Average: 11.3% in FY2025, down 0.3 pts from a year earlier.
Where the FY2025 figure comes from
“Adjusted ROIC (non-GAAP measure) 12.0 % 11.6 % 11.3 % 11.0 % 10.9 % 11.0 %”
Source: Q3 2026 Reconciliation of Financial Information ↗
Core M&A capital allocation efficiency metric for TMO: TTM Adjusted NOPAT divided by trailing 5-quarter average invested capital.
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | Adjusted ROIC — Trailing 5-Quarter Average (%) | Year on year | Source |
|---|---|---|---|---|
| FY2025 | Dec 31, 2025 | 11.3% | -0.3 pts | Q3 2026 Reconciliation of Financial Information ↗ |
| FY2024 | Dec 31, 2024 | 11.6% | -0.4 pts | Q3 2026 Reconciliation of Financial Information ↗ |
| FY2023 | Dec 31, 2023 | 12.0% | -1.5 pts | Q3 2026 Reconciliation of Financial Information ↗ |
| FY2022 | Dec 31, 2022 | 13.5% | -6.3 pts | Q4 & FY2025 Reconciliation of Financial Information ↗ |
| FY2021 | Dec 31, 2021 | 19.8% | – | Q4 & FY2024 Reconciliation of Financial Information ↗ |
Breakdown
What makes up adjusted ROIC — Trailing 5-Quarter Average
- TTM Adjusted NOPAT (12-Month)8,963 · FY2025
- Trailing 5-Quarter Average Invested Capital79,313 · FY2025
- Adjusted ROE17.7% · FY2025
- Trailing 5-Quarter Average Equity50,765 · FY2025
- Total Debt / TTM EBITDA3.70 · FY2025
- Total Debt / Adjusted TTM EBITDA3.50 · FY2025
- Net Debt / TTM EBITDA2.80 · FY2025
- Net Debt / Adjusted TTM EBITDA2.60 · FY2025
Cite this data
StockData. (2026). Thermo Fisher Scientific Adjusted ROIC — Trailing 5-Quarter Average (%), annual FY2021–FY2025 [Data set]. Compiled from Thermo Fisher Scientific SEC filings and investor materials. https://stockdatahq.com/stocks/tmo/kpis/adj-roic-pct
See every metric in the Thermo Fisher Scientific KPI table. Data updated Oct 29, 2026.