Thermo Fisher Scientific Financial Ratios
NYSE: TMOIndustrialsIndustrial Machinery/ComponentsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Thermo Fisher Scientific ratio analysis
Thermo Fisher Scientific earned a net margin of 15.0% in FY 2025, up from 14.8% a year earlier. Return on equity reached 12.6%, meaning Thermo Fisher Scientific generated 0.13 dollars of profit for every dollar of shareholders' equity. Debt-to-equity stood at 0.74 versus 0.63 the year before, and the current ratio was 1.89.
At the end of FY 2025, TMO traded at 33.4 times earnings; across the 10 fiscal years shown, its year-end P/E ranged from 27.7 to 35.2, with a median of 32.8. Valuation ratios use the closing share price on each fiscal year-end date and diluted shares from the income statement; profitability and leverage ratios use reported annual figures. Current valuation multiples are on the statistics page.
Summary generated from market data by MetaCap's automated system. Methodology
Thermo Fisher Scientific financial ratios (annual)
| Ratio | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E ratio (at fiscal year end) | 33.40 | 32.19 | 34.36 | 31.24 | 34.29 | 29.18 | 35.20 | 30.63 | 33.97 | 27.72 |
| Price / sales | 5.01 | 4.74 | 4.78 | 4.81 | 6.70 | 5.73 | 5.06 | 3.66 | 3.59 | 3.05 |
| Price / book | 4.18 | 4.10 | 4.38 | 4.91 | 6.44 | 5.35 | 4.35 | 3.23 | 2.95 | 2.59 |
| Gross margin | — | — | — | — | — | — | — | — | 57.1% | 55.1% |
| Operating margin | 17.4% | 17.1% | 16.0% | 18.7% | 25.6% | 24.2% | 18.0% | 15.5% | 14.2% | 13.5% |
| Net margin | 15.0% | 14.8% | 14.0% | 15.5% | 19.7% | 19.8% | 14.5% | 12.1% | 10.6% | 11.1% |
| Free cash flow margin | 14.1% | 16.9% | 16.2% | 15.4% | 17.3% | 21.2% | 15.8% | 15.5% | 16.7% | 15.4% |
| Return on equity (ROE) | 12.6% | 12.8% | 12.8% | 15.8% | 18.9% | 18.5% | 12.5% | 10.7% | 8.8% | 9.4% |
| Return on assets (ROA) | 6.1% | 6.5% | 6.1% | 7.2% | 8.1% | 9.2% | 6.3% | 5.2% | 3.9% | 4.4% |
| Debt / equity | 0.74 | 0.63 | 0.75 | 0.78 | 0.85 | 0.63 | 0.60 | 0.69 | 0.83 | 0.77 |
| Current ratio | 1.89 | 1.66 | 1.75 | 1.48 | 1.50 | 2.13 | 1.92 | 1.73 | 1.34 | 1.44 |
| Revenue growth | 3.9% | 0.1% | -4.6% | 14.5% | 21.7% | 26.1% | 4.9% | 16.4% | 14.5% | 7.7% |
| EPS growth | 7.3% | 7.0% | -12.4% | -9.4% | 21.9% | 74.0% | 26.7% | 29.5% | 9.8% | 3.5% |