THERMO FISHER SCIENTIFIC INC.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $44.6B | $42.9B | $42.9B | $44.9B | $39.2B |
| Selling, general & administrative | $8.7B | $8.6B | $8.4B | $9.0B | $8.0B |
| Research and development | $1.4B | $1.4B | $1.3B | $1.5B | $1.4B |
| Operating income | $7.7B | $7.3B | $6.9B | $8.4B | $10.0B |
| Interest expense | $1.4B | $1.4B | $1.4B | $726.0M | $536.0M |
| Pretax income | $7.3B | $7.0B | $6.3B | $7.8B | $8.8B |
| Income tax expense | $547.0M | $657.0M | $284.0M | $703.0M | $1.1B |
| Net income | $6.7B | $6.3B | $6.0B | $7.0B | $7.7B |
| Balance Sheet | |||||
| Cash and equivalents | $9.9B | $4.0B | $8.1B | $8.5B | $4.5B |
| Current assets | $28.7B | $22.1B | $24.6B | $25.2B | $20.1B |
| Total assets | $110.3B | $97.3B | $98.7B | $97.2B | $95.1B |
| Current liabilities | $15.2B | $13.3B | $14.0B | $17.0B | $13.4B |
| Total debt | $39.5B | $31.3B | $35.0B | $34.6B | $35.0B |
| Stockholders' equity | $53.4B | $49.6B | $46.7B | $44.0B | $40.8B |
| Cash Flow Statement | |||||
| Cash from operations | $7.8B | $8.7B | $8.4B | $9.2B | $9.3B |
| Depreciation and amortization | $1.1B | $1.2B | $1.1B | $986.0M | $831.0M |
| Stock-based compensation | $310.0M | $301.0M | $278.0M | $307.0M | $230.0M |
| Capital expenditure | $1.5B | $1.4B | $1.5B | $2.2B | $2.5B |
| Free cash flow | $6.3B | $7.3B | $6.9B | $6.9B | $6.8B |
| Dividends paid | $636.0M | $583.0M | $523.0M | $455.0M | $395.0M |
| Share repurchases | $3.0B | $4.0B | $3.0B | $3.0B | $2.0B |
| Impairments | $94.0M | $211.0M | $126.0M | — | — |
Shares outstanding 371.6M · Free float 95.2%
Annual filing data through FY ended December 31, 2025; float as of July 8, 2026.