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TMO stock logo

TMO

Thermo Fisher Scientific Inc.

$690
-6.49
 (-0.93%)
Exchange:  NYSE
Market Cap:  255.126B
Shares Outstanding:  48.801M
Delayed data
Overview
Earnings
Financials
Valuation
Chart

About The Company

Sector:  HealthcareView sector performance
Industry:  Medical – Diagnostics & ResearchView industry performance
   
CEO:  Marc N. Casper
Full Time Employees:  125000
Address: 
168 Third Avenue
Waltham
MA
2451
US
Website:  https://www.thermofisher.com
Thermo Fisher Scientific Inc. is a global leader in scientific services, providing a comprehensive range of offerings that include life sciences solutions, advanced analytical instruments, specialized diagnostic products, and an extensive portfolio of laboratory supplies and biopharmaceutical services. The company’s reach extends across North America, Europe, Asia-Pacific, and other international markets. Its Life Sciences Solutions division furnishes researchers with essential reagents, state-of-the-art instruments, and consumables vital for biological and medical exploration, the development and manufacturing of therapeutics and vaccines, and the detection of infections and various diseases. This segment encompasses bioscience, genetic science, and bioproduction technologies, serving a broad spectrum of clients in the pharmaceutical, biotechnology, agricultural, clinical, healthcare, academic, and governmental sectors. The Analytical Instruments segment delivers a variety of precision instruments, consumables, software, and support services to pharmaceutical, biotechnology, academic, governmental, environmental, and industrial research environments, as well as clinical laboratories. The Specialty Diagnostics segment offers an array of diagnostic tools, including liquid, ready-to-use, and lyophilized immunodiagnostic reagent kits, alongside calibrators, controls, protein detection assays, and accompanying instruments. This also features the creation and distribution of complete blood test systems to aid in the clinical diagnosis and monitoring of allergies, asthma, and autoimmune diseases. Furthermore, it provides dehydrated and prepared culture media, specimen collection and transport systems, related instrumentation and consumables, human leukocyte antigen (HLA) typing and testing crucial for the organ transplant sector, and other healthcare products. Lastly, the Laboratory Products and Biopharma Services segment supplies laboratory equipment, serves the research and safety markets through its channels, and offers extensive pharmaceutical services, encompassing clinical research support. The company’s products and services are distributed through a dedicated direct sales team, customer service professionals, online commerce platforms, and a network of third-party distributors. Its recognized brands include Thermo Scientific, Applied Biosystems, Invitrogen, Fisher Scientific, Unity Lab Services, Patheon, and PPD. Thermo Fisher Scientific Inc. was established in 1956 and is headquartered in Waltham, Massachusetts.

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Revenue Segmentation

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TMO full analysis

28/04/2026

Hey everyone, welcome back to MarketSnap. Thermo Fisher just delivered a blowout quarter, raised guidance, and the stock still trades below where our models think it should — but here's the catch: the market is pricing in a growth slowdown that could either be a massive buying opportunity or a value trap in disguise. Today we're stress-testing TMO with MarketSnap's valuation engine — not the hype, just the math. Before we dive into the numbers, let's set the stage. Thermo…

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Industry Peers

TICKERCOMPANYMKT CAPP/EFWD P/EROIC
TMTMO logoTMOThermo Fisher Scientific Inc.255.1B35.327.57.6%
DHDHR logoDHRDanaher Corporation161.0B38.927.05.0%
NTNTRA logoNTRANatera, Inc.56.7B——-10.0%
AA logoAAgilent Technologies, Inc.48.8B33.527.911.9%
IDIDXX logoIDXXIDEXX Laboratories, Inc.44.1B36.438.040.9%
IQIQV logoIQVIQVIA Holdings Inc.43.9B32.020.68.3%

EPS

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Earnings Call

Full text

Earnings transcript

Read the complete earnings call transcript.

AI summary

Key takeaways

Short, structured highlights from the call so you can focus on what matters.

2026/07/23 — 2 quarter 2026

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Income Statement
Balance Sheet
Cash Flow Statement
Analyst Estimates

Income Statement

Year202320242025
Revenue42,857,00042,879,00044,557,000
Gross Profit17,194,00017,728,00018,239,000
EBITDA11,195,00011,800,00011,466,000
Operating Income7,446,0007,662,0008,109,000
Net Income5,995,0006,335,0006,737,000

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(* All numbers are in thousands)

Balance Sheet

Year202320242025
Total Assets98,726,00097,321,000110,343,000
Total Liabilities51,884,00047,650,00056,807,000
Total Stockholders Equity46,735,00049,584,00053,415,000
Total Debt36,424,00032,775,00039,385,000
Cash and Cash Equivalents8,083,0004,009,0009,852,000

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(* All numbers are in thousands)

Cash Flow Statement

Year202320242025
Operating Cash Flow8,406,0008,667,0007,818,000
Capital Expenditure-1,479,000-1,400,000-1,525,000
Free Cash Flow6,927,0007,267,0006,293,000
Net Income5,995,0006,338,0006,721,000
Net Change in Cash-440,000-4,057,0005,839,000

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(* All numbers are in thousands)

Analyst Estimates

Fiscal Year2030Research AccessResearch AccessResearch AccessResearch Access
Estimated Revenue (Low)58,302,518.682Research AccessResearch AccessResearch AccessResearch Access
Estimated Revenue (High)59,727,706.370Research AccessResearch AccessResearch AccessResearch Access
Estimated Revenue (Avg)58,775,000Research AccessResearch AccessResearch AccessResearch Access
Estimated Ebitda (Low)19,599,267.792Research AccessResearch AccessResearch AccessResearch Access
Estimated Ebitda (High)20,095,503.616Research AccessResearch AccessResearch AccessResearch Access
Estimated Ebitda (Avg)19,763,781.472Research AccessResearch AccessResearch AccessResearch Access
Estimated Net Income (Low)14,252,764.017Research AccessResearch AccessResearch AccessResearch Access
Estimated Net Income (High)14,706,792.659Research AccessResearch AccessResearch AccessResearch Access
Estimated Net Income (Avg)14,403,285.038Research AccessResearch AccessResearch AccessResearch Access
Estimated SGA Expense (Low)11,625,631.707Research AccessResearch AccessResearch AccessResearch Access
Estimated SGA Expense (High)11,909,816.809Research AccessResearch AccessResearch AccessResearch Access
Estimated SGA Expense (Avg)11,719,845.369Research AccessResearch AccessResearch AccessResearch Access
Estimated EPS (Avg)38.210Research AccessResearch AccessResearch AccessResearch Access
Estimated EPS (High)39.010Research AccessResearch AccessResearch AccessResearch Access
Estimated EPS (Low)37.810Research AccessResearch AccessResearch AccessResearch Access
Number of Analysts (Estimated Revenue)14Research AccessResearch AccessResearch AccessResearch Access
Number of Analysts (Estimated EPS)2Research AccessResearch AccessResearch AccessResearch Access

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(* All numbers are in thousands)

Current Key Metrics

?Revenue
 (TTM)
: 
42.879B  ?P/S
 (TTM)
: 
5.25
?Net Income
 (TTM)
: 
6.335B  ?P/E
 (TTM)
: 
35.34
?Enterprise Value
 (TTM)
: 
281.786B  ?EV/FCF
 (TTM)
: 
38.51
?Dividend Yield
 (TTM)
: 
0.28%  ?Payout Ratio
 (TTM)
: 
9.49%
?ROE
 (TTM)
: 
13.35%  ?ROIC
 (TTM)
: 
7.56%
?Net Debt
 (TTM)
: 
27.195B  ?Debt/Equity
 (TTM)
: 
0.81
?P/B
 (TTM)
: 
4.63  ?Current Ratio
 (TTM)
: 
1.55

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Forward P/E Ratios

?

Forward P/E (Avg EPS estimate) — log in with Research Access for high/low estimates and the interactive table.

Forward P/E 1YResearch AccessResearch AccessResearch AccessResearch Access
27.45Research AccessResearch AccessResearch AccessResearch Access

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SWOT Analysis

Strengths (preview)

  • Robust Financial Performance: TMO demonstrates strong revenue and net income figures in recent income statements, supported by consistent growth in operating cash flow and free cash flow as per cash flow statements. This indicates a solid operational foundation and ability to generate sustainable cash for reinvestment or shareholder returns.
  • Market Leadership in Sector: As part of the healthcare equipment and services industry within the broader healthcare sector, TMO benefits from a strong market position, reflected in its substantial market capitalization and consistent performance metrics (perf1y, perf5y) that often outperform industry averages (industry_perf1y, industry_perf5y).
  • High Profitability Metrics: Key metrics such as gross profit margin (grossProfitMarginTTM) and net profit margin (netProfitMarginTTM) are indicative of efficient cost management and pricing power, positioning TMO favorably against competitors in the sector.
  • Strong Balance Sheet: The balance sheet data highlights a healthy level of cash and cash equivalents alongside manageable total liabilities relative to total assets, suggesting financial stability and resilience (totalCurrentAssets, totalLiabilities, totalStockholdersEquity).

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At what price to buy it? -
Intrinsic Value Calculator

Based on current fundamentals and analyst forecasts, MarketSnap estimates TMO intrinsic value between $543.59 – $549.57 per share. This depends on revenue growth, margins, and discount rate.

This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.


Calculate TMO Intrinsic Value

Common questions about TMO valuation

Is Thermo Fisher Scientific Inc. (TMO) overvalued or undervalued right now?

MarketSnap estimates intrinsic value for Thermo Fisher Scientific Inc. (TMO) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.

Is TMO a buy, hold, or sell for long-term investors?

MarketSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether TMO trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.

What is TMO’s P/E ratio?

You can see TMO’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.

How is intrinsic value calculated for TMO?

MarketSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MarketSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.

Is TMO a good long-term investment?

Whether TMO fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MarketSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.

Research tools for Thermo Fisher Scientific Inc.

  • Thermo Fisher Scientific Inc. intrinsic value calculatorEstimate what the business is worth
  • Thermo Fisher Scientific Inc. 5-year outlookWhat has to go right, and what could go wrong
TMO

1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.

Daily snapshot

-0.93
MarketSnap

Trading Metrics:

Open: 692.26   Previous Close: 696.49
Day Low: 683.63   Day High: 699.2
Year Low: 435.27   Year High: 704
Price Avg 50: 634.49   Price Avg 200: 546.79
Volume: 2.089M   Average Volume: 2.13M

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See in Nexus

Relevant news

What Analyst Projections for Key Metrics Reveal About Thermo Fisher (TMO) Q3 Earnings
16-10-2026 10:20
What Analyst Projections for Key Metrics Reveal About Thermo Fisher (TMO) Q3 Earnings
All You Need to Know About Thermo Fisher (TMO) Rating Upgrade to Buy
12-10-2026 13:01
All You Need to Know About Thermo Fisher (TMO) Rating Upgrade to Buy
Thermo Fisher Scientific Inc (TMO) Stock Up 0.1% but GF Value Says Overvalued -- GF Score: 85/100
29-09-2026 20:10
Thermo Fisher Scientific Inc (TMO) Stock Up 0.1% but GF Value Says Overvalued -- GF Score: 85/100
QRG Capital Management Inc. Has $18.42 Million Stake in Thermo Fisher Scientific Inc. $TMO
24-09-2026 04:11
QRG Capital Management Inc. Has $18.42 Million Stake in Thermo Fisher Scientific Inc. $TMO
Thermo Fisher Sees Stronger Demand, Calls 2026 an ‘Outstanding Year'
17-09-2026 06:02
Thermo Fisher Sees Stronger Demand, Calls 2026 an ‘Outstanding Year'
Unlocking Thermo Fisher (TMO) International Revenues: Trends, Surprises, and Prospects
03-08-2026 10:16
Unlocking Thermo Fisher (TMO) International Revenues: Trends, Surprises, and Prospects

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