Also trades as: 0R0H.L (LSE) · $vol 3M · TN8.DE (XETRA) · $vol 0M · TMO.TO (TSX) · $vol 0M · TMO.NE (NEO) · $vol 0M
TMO NYSE
Thermo Fisher Scientific Inc.
1W: +0.8%
1M: +1.4%
3M: +18.8%
YTD: +15.6%
1Y: +19.8%
3Y: +46.8%
5Y: +17.8%
$693.02
+8.13 (+1.19%)
After Hours: $693.60 (+0.58, +0.08%)
Weekly Expected Move ±4.1%
$619
$647
$674
$701
$729
Credit Risk of going bust: lower than 79% of companies Debt: 14.0% of company value Bonds: $454.1M held by 353 funds, 52 bp over Treasuries → details ▾
Of US companies ranked in the safest four tenths, about 1 in 3,500 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $7.50 (down 99%), Thermo Fisher Scientific Inc. would be worth roughly what it owes.
Total debt $41.37B against a stock market value of $253.24B.
Distance to default 9.42 (Merton model): prices to 2026-10-26, balance sheet 2026-09-26, debt counted $21.82B (short-term plus half of long-term), stock volatility 29.2%; Altman Z'' 2.15. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
If the stock fell to about $7.50 (down 99%), Thermo Fisher Scientific Inc. would be worth roughly what it owes.
Total debt $41.37B against a stock market value of $253.24B.
Distance to default 9.42 (Merton model): prices to 2026-10-26, balance sheet 2026-09-26, debt counted $21.82B (short-term plus half of long-term), stock volatility 29.2%; Altman Z'' 2.15. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
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Financials
Income Statement
Cash Flow
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Earnings
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Analysis
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ESG
Institutions
ETF Exposure
Dark Pool
Short Interest
Supply Chain
Cash Flow Trends
Operating Cash Flow
$7.8B
-9.8% ▼
5Y CAGR: -1.2%
Capital Expenditures
$1.5B
-8.9% ▼
5Y CAGR: +0.7%
Free Cash Flow
$6.3B
-13.4% ▼
5Y CAGR: -1.6%
Dividends Paid
$636M
-9.1% ▼
Buybacks
$3.0B
+25.0% ▲
Net Change in Cash
$5.8B
+243.9% ▲
Cash Flow Composition
Year-over-Year Growth
View Full Cash Flow Statement
| Line Item | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| — Operating Activities — | |||||
| Net Income | $7.7B | $7.0B | $6.0B | $6.3B | $6.7B |
| Depreciation & Amort. | $2.6B | $3.4B | $3.4B | $3.1B | $2.8B |
| Stock-Based Comp. | $230M | $307M | $278M | $301M | $0 |
| Change in Working Capital | -$1.6B | -$1.0B | -$537M | -$334M | -$1.8B |
| Other Non-Cash Items | $957M | $550M | $564M | $463M | $764M |
| Operating Cash Flow | $9.5B | $9.2B | $8.4B | $8.7B | $7.8B |
| — Investing Activities — | |||||
| Capital Expenditures | -$2.5B | -$2.2B | -$1.5B | -$1.4B | -$1.5B |
| Acquisitions (Net) | -$19.4B | -$39M | -$3.7B | -$3.1B | -$4.0B |
| Investment Purchases | -$8M | -$15M | $0 | -$3.4B | -$383M |
| Investment Sales | $8M | $15M | $70M | $1.8B | $1.6B |
| Other Investing | -$14M | $123M | -$73M | $317M | $333M |
| Investing Cash Flow | -$21.9B | -$2.2B | -$5.1B | -$5.8B | -$4.0B |
| — Financing Activities — | |||||
| Net Debt Issuance | $8.9B | $654M | -$155M | -$2.4B | $5.3B |
| Stock Repurchased | -$2.0B | -$3.0B | -$3.0B | -$4.0B | -$3.0B |
| Dividends Paid | -$395M | -$455M | -$523M | -$583M | -$636M |
| Other Financing | $65M | -$9M | $56M | $194M | $90M |
| Financing Cash Flow | $6.6B | -$2.8B | -$3.6B | -$6.8B | $1.8B |
| Net Change in Cash | -$5.8B | $4.0B | -$440M | -$4.1B | $5.8B |
| Cash End of Period | $4.5B | $8.5B | $8.1B | $4.0B | $9.9B |
| Free Cash Flow | $7.0B | $6.9B | $6.9B | $7.3B | $6.3B |