Thermo Fisher Scientific Inc.
Close on Nov 2, 2026Market cap $252.41BP/E 36.0Yield 0.25%
Thermo Fisher Scientific R&D as % of Manufacturing Revenue by Quarter
R&D as % of Manufacturing Revenue (%)
Thermo Fisher Scientific R&D as % of Manufacturing Revenue: 6.7% in Q3 2026. That is the lowest of the 9 quarters on record here.
Where the Q3 2026 figure comes from
“R&D as a percent of our manufacturing revenue was 6.7% in the quarter.”
Source: Q3 2026 Earnings Call Transcript (2026-10-22) ↗
Core R&D intensity metric disclosed by the CFO on earnings calls (excluding distribution services and CRO revenue from the denominator). On the Q4 call, the CFO discloses the full-year figure.
Quarterly history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | R&D as % of Manufacturing Revenue (%) | Year on year | Source |
|---|---|---|---|---|
| Q3 2026 | Sep 30, 2026 | 6.7% | – | Q3 2026 Earnings Call Transcript (2026-10-22) ↗ |
| Q2 2026 | Jun 30, 2026 | 6.9% | – | Q2 2026 Earnings Call Transcript (2026-07-23) ↗ |
| Q1 2026 | Mar 31, 2026 | 6.9% | – | Q1 2026 Earnings Call Transcript (2026-04-23) ↗ |
| Q3 2024 | Sep 30, 2024 | 7.3% | +0.6 pts | Q3 2024 Earnings Call Transcript (2024-10-23) ↗ |
| Q2 2024 | Jun 30, 2024 | 7.1% | 0.0 pts | Q2 2024 Earnings Call Transcript (2024-07-24) ↗ |
| Q1 2024 | Mar 31, 2024 | 7.2% | – | Q1 2024 Earnings Call Transcript (2024-04-24) ↗ |
| Q3 2023 | Sep 30, 2023 | 6.7% | – | Q3 2023 Earnings Call Transcript (2023-10-25) ↗ |
| Q2 2023 | Jun 30, 2023 | 7.1% | – | Q2 2023 Earnings Call Transcript (2023-07-26) ↗ |
| Q4 2022 | Dec 31, 2022 | 7.0% | – | Q4 2022 Earnings Call Transcript (2023-02-01) ↗ |
Breakdown
What makes up R&D as % of Manufacturing Revenue
Cite this data
StockData. (2026). Thermo Fisher Scientific R&D as % of Manufacturing Revenue (%), quarterly Q4 2022–Q3 2026 [Data set]. Compiled from Thermo Fisher Scientific SEC filings and investor materials. https://stockdatahq.com/stocks/tmo/kpis/rd-pct-mfg-rev
See every metric in the Thermo Fisher Scientific KPI table. Data updated Oct 29, 2026.