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 Year
R&D as % of Manufacturing Revenue (%)
Thermo Fisher Scientific R&D as % of Manufacturing Revenue: 7.0% in FY2025, down 0.2 pts from a year earlier.
Where the FY2025 figure comes from
“R and D as a percent of our manufacturing revenue for the year was 7%.”
Source: Q4 2025 Earnings Call Transcript (2026-01-29) ↗
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.
Annual 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 |
|---|---|---|---|---|
| FY2025 | Dec 31, 2025 | 7.0% | -0.2 pts | Q4 2025 Earnings Call Transcript (2026-01-29) ↗ |
| FY2024 | Dec 31, 2024 | 7.2% | +0.4 pts | Q4 2024 Earnings Call Transcript (2025-01-30) ↗ |
| FY2023 | Dec 31, 2023 | 6.8% | +0.4 pts | Q4 2023 Earnings Call Transcript (2024-01-31) ↗ |
| FY2022 | Dec 31, 2022 | 6.4% | – | 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 (%), annual FY2022–FY2025 [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.