TMO - THERMO FISHER SCIENTIFIC INC.

📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Revenue Growth YoY (%)	3.9% Caution ↑ Caution Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-22%)	0.1% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-99%)	-4.6% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-192%)	14.5% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+191%)	21.7% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+334%)	26.1% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+423%)	4.9% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: At sector avg	16.4% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+229%)	14.5% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+189%)	7.7% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+54%)	0.4% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-91%)	29.0% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+480%)	4.6% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-7%)	8.2% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+65%)	9.4% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+87%)	4.6% Caution ↑ Caution Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-9%)	-3.7% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-174%)	7.7% Fair Fair Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+54%)	—	—
EPS Growth YoY (%)	7.2% Fair ↑ Fair Improving Year-over-year change in earnings per share Optimal: > 10%	6.8% Fair ↑ Fair Improving Year-over-year change in earnings per share Optimal: > 10%	-12.6% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-9.5% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	21.9% Good ↓ Good Declining Year-over-year change in earnings per share Optimal: > 10%	74.1% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	26.4% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	29.6% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	10.2% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	3.2% Caution ↓ Caution Declining Year-over-year change in earnings per share Optimal: > 10%	4.2% Caution ↓ Caution Declining Year-over-year change in earnings per share Optimal: > 10%	34.8% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	9.0% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	-7.2% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	35.8% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	24.8% Good ↑ Good Improving Year-over-year change in earnings per share Optimal: > 10%	-12.0% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	32.2% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	5.8% Fair ↑ Fair Improving Year-over-year change in net income	6.4% Fair ↑ Fair Improving Year-over-year change in net income	-14.4% Weak ↓ Weak Declining Year-over-year change in net income	-9.9% Weak ↓ Weak Declining Year-over-year change in net income	21.2% Good ↓ Good Declining Year-over-year change in net income	72.5% Excellent ↑ Excellent Improving Year-over-year change in net income	25.8% Excellent ↑ Excellent Improving Year-over-year change in net income	32.0% Excellent ↑ Excellent Improving Year-over-year change in net income	10.0% Fair ↓ Fair Declining Year-over-year change in net income	2.4% Caution ↓ Caution Declining Year-over-year change in net income	4.3% Caution ↓ Caution Declining Year-over-year change in net income	48.8% Excellent ↑ Excellent Improving Year-over-year change in net income	8.1% Fair ↓ Fair Declining Year-over-year change in net income	-11.4% Weak ↓ Weak Declining Year-over-year change in net income	28.4% Excellent ↑ Excellent Improving Year-over-year change in net income	21.8% Good ↑ Good Improving Year-over-year change in net income	-13.3% Weak Weak Year-over-year change in net income	31.1% Excellent Excellent Year-over-year change in net income	—	—
FCF Growth YoY (%)	-12.3% Weak ↓ Weak Declining Year-over-year change in free cash flow	6.0% Fair ↑ Fair Improving Year-over-year change in free cash flow	1.8% Caution ↓ Caution Declining Year-over-year change in free cash flow	2.3% Caution ↓ Caution Declining Year-over-year change in free cash flow	0.1% Caution ↓ Caution Declining Year-over-year change in free cash flow	70.1% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	7.5% Fair ↓ Fair Declining Year-over-year change in free cash flow	6.4% Fair ↓ Fair Declining Year-over-year change in free cash flow	24.3% Good ↑ Good Improving Year-over-year change in free cash flow	18.6% Good ↑ Good Improving Year-over-year change in free cash flow	9.1% Fair ↓ Fair Declining Year-over-year change in free cash flow	14.8% Fair ↓ Fair Declining Year-over-year change in free cash flow	1.2% Caution ↓ Caution Declining Year-over-year change in free cash flow	26.2% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	22.1% Good ↑ Good Improving Year-over-year change in free cash flow	-12.7% Weak ↓ Weak Declining Year-over-year change in free cash flow	27.4% Excellent Excellent Year-over-year change in free cash flow	-10.9% Weak Weak Year-over-year change in free cash flow	—	—
Revenue CAGR 3Y (%)	-0.3% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	3.0% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	10.0% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	20.7% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	17.2% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	15.5% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	11.8% Good ↑ Good Improving Compound annual revenue growth over 3 years	12.8% Good ↑ Good Improving Compound annual revenue growth over 3 years	7.4% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	11.8% Good ↑ Good Improving Compound annual revenue growth over 3 years	10.7% Good ↑ Good Improving Compound annual revenue growth over 3 years	13.5% Good ↑ Good Improving Compound annual revenue growth over 3 years	7.4% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	7.4% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	3.3% Caution Caution Compound annual revenue growth over 3 years	2.7% Caution Caution Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	6.7% Fair ↓ Fair Declining Compound annual revenue growth over 5 years	10.9% Good ↓ Good Declining Compound annual revenue growth over 5 years	12.0% Good ↓ Good Declining Compound annual revenue growth over 5 years	16.5% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	16.5% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	13.7% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	8.6% Good ↓ Good Declining Compound annual revenue growth over 5 years	13.2% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	10.8% Good ↑ Good Improving Compound annual revenue growth over 5 years	9.6% Good ↑ Good Improving Compound annual revenue growth over 5 years	9.9% Good ↑ Good Improving Compound annual revenue growth over 5 years	10.8% Good ↑ Good Improving Compound annual revenue growth over 5 years	4.5% Fair Fair Compound annual revenue growth over 5 years	5.1% Fair Fair Compound annual revenue growth over 5 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	0.0% Caution ↓ Caution Declining Compound annual EPS growth over 3 years	-5.5% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	-1.2% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	24.3% Excellent ↓ Excellent Declining Compound annual EPS growth over 3 years	39.0% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	41.8% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	21.7% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	13.8% Good ↑ Good Improving Compound annual EPS growth over 3 years	5.8% Fair ↓ Fair Declining Compound annual EPS growth over 3 years	13.2% Good ↑ Good Improving Compound annual EPS growth over 3 years	15.3% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	10.9% Good ↓ Good Declining Compound annual EPS growth over 3 years	11.2% Good ↓ Good Declining Compound annual EPS growth over 3 years	16.3% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	14.3% Good Good Compound annual EPS growth over 3 years	13.2% Good Good Compound annual EPS growth over 3 years	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Operating Margin (%) (%)	17.4% Fair → Fair Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+45%)	17.1% Fair ↓ Fair Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+43%)	16.0% Fair ↓ Fair Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+33%)	18.7% Good ↓ Good Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+56%)	25.6% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+113%)	24.2% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+102%)	18.0% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+50%)	15.5% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+29%)	14.2% Fair → Fair Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+18%)	13.4% Fair → Fair Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+12%)	13.8% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+15%)	14.8% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+23%)	12.3% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	11.8% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	10.8% Caution → Caution Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-10%)	11.4% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	10.4% Caution → Caution Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-14%)	11.7% Caution Caution Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	10.0% Caution Caution Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-17%)	—
Effective Tax Rate (%) (%)	—	—	—	—	—	11.8% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	9.2% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	9.9% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	8.3% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.0% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-2.3% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	9.2% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	3.1% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.9% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	9.7% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	9.8% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	—
Profit Margin (%) (%)	15.0% Good → Good Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+88%)	14.8% Fair ↓ Fair Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+85%)	13.9% Fair ↓ Fair Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+74%)	15.5% Good ↓ Good Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+94%)	19.7% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+146%)	19.8% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+147%)	14.5% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+81%)	12.1% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+51%)	10.6% Fair ↓ Fair Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+33%)	11.1% Fair → Fair Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+38%)	11.6% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+46%)	11.2% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+40%)	9.7% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+22%)	9.4% Caution → Caution Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+18%)	11.5% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+44%)	9.8% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+22%)	8.4% Caution → Caution Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+5%)	9.3% Caution Caution Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+17%)	7.7% Caution Caution Net income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	—
FCF Margin (%) (%)	14.1% Fair ↓ Fair Declining Free cash flow as a percentage of revenue Optimal: > 10%	16.9% Good → Good Stable Free cash flow as a percentage of revenue Optimal: > 10%	16.2% Good ↓ Good Declining Free cash flow as a percentage of revenue Optimal: > 10%	15.4% Good ↓ Good Declining Free cash flow as a percentage of revenue Optimal: > 10%	17.3% Good → Good Stable Free cash flow as a percentage of revenue Optimal: > 10%	21.2% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	15.8% Good → Good Stable Free cash flow as a percentage of revenue Optimal: > 10%	15.5% Good → Good Stable Free cash flow as a percentage of revenue Optimal: > 10%	16.7% Good ↑ Good Improving Free cash flow as a percentage of revenue Optimal: > 10%	15.4% Good ↑ Good Improving Free cash flow as a percentage of revenue Optimal: > 10%	14.1% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	13.0% Fair → Fair Stable Free cash flow as a percentage of revenue Optimal: > 10%	13.2% Fair → Fair Stable Free cash flow as a percentage of revenue Optimal: > 10%	13.8% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	12.4% Fair → Fair Stable Free cash flow as a percentage of revenue Optimal: > 10%	11.7% Fair ↓ Fair Declining Free cash flow as a percentage of revenue Optimal: > 10%	14.4% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	11.0% Fair Fair Free cash flow as a percentage of revenue Optimal: > 10%	13.4% Fair Fair Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	0.94x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	1.15x Fair ↑ Fair Improving Free cash flow relative to reported net income Optimal: > 1x	1.16x Fair ↑ Fair Improving Free cash flow relative to reported net income Optimal: > 1x	0.99x Caution → Caution Stable Free cash flow relative to reported net income Optimal: > 1x	0.88x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	1.07x Fair ↓ Fair Declining Free cash flow relative to reported net income Optimal: > 1x	1.09x Fair ↓ Fair Declining Free cash flow relative to reported net income Optimal: > 1x	1.29x Good ↓ Good Declining Free cash flow relative to reported net income Optimal: > 1x	1.57x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.39x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	1.21x Good ↓ Good Declining Free cash flow relative to reported net income Optimal: > 1x	1.16x Fair ↓ Fair Declining Free cash flow relative to reported net income Optimal: > 1x	1.36x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	1.46x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	1.08x Fair ↓ Fair Declining Free cash flow relative to reported net income Optimal: > 1x	1.20x Fair ↓ Fair Declining Free cash flow relative to reported net income Optimal: > 1x	1.71x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.18x Fair Fair Free cash flow relative to reported net income Optimal: > 1x	1.75x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Return on Invested Capital (%)	6.6% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	7.2% Fair ↓ Fair Declining Return earned on debt + equity capital invested Optimal: > 10%	6.7% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	8.5% Fair ↓ Fair Declining Return earned on debt + equity capital invested Optimal: > 10%	10.5% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	12.2% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	8.8% Fair ↓ Fair Declining Return earned on debt + equity capital invested Optimal: > 10%	7.3% Fair ↓ Fair Declining Return earned on debt + equity capital invested Optimal: > 10%	10.7% Good → Good Stable Return earned on debt + equity capital invested Optimal: > 10%	11.4% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	11.2% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	11.1% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	9.3% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	9.5% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	7.5% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	7.1% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	5.4% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	6.5% Caution Caution Return earned on debt + equity capital invested Optimal: > 10%	5.3% Caution Caution Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	7.0% Fair ↓ Fair Declining Operating profit relative to total assets Optimal: > 10%	7.5% Fair ↓ Fair Declining Operating profit relative to total assets Optimal: > 10%	6.9% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	8.6% Fair ↓ Fair Declining Operating profit relative to total assets Optimal: > 10%	10.5% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	11.3% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	7.9% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	6.7% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	5.2% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	5.3% Caution → Caution Stable Operating profit relative to total assets Optimal: > 10%	5.7% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	5.8% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	5.1% Caution → Caution Stable Operating profit relative to total assets Optimal: > 10%	5.4% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	4.7% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	5.6% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	4.9% Caution Caution Operating profit relative to total assets Optimal: > 10%	5.8% Caution Caution Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	12.6% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-16%)	12.8% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-15%)	12.7% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-15%)	15.8% Good → Good Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+6%)	18.9% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+26%)	18.5% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+23%)	12.5% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-17%)	10.7% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-29%)	8.8% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-42%)	9.4% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-37%)	9.3% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-38%)	9.2% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-39%)	7.6% Caution → Caution Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-50%)	7.6% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-49%)	8.8% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-41%)	6.7% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-55%)	5.5% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-63%)	6.6% Caution Caution Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-56%)	5.2% Caution Caution Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-66%)	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Debt to Equity (x)	0.73x Fair → Fair Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: At sector avg	0.63x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-10%)	0.74x Fair → Fair Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+6%)	0.78x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+11%)	0.85x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+21%)	0.63x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-10%)	0.60x Good ↑ Good Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-15%)	0.71x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: At sector avg	0.04x Excellent ↑ Excellent Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-95%)	0.04x Excellent ↑ Excellent Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-94%)	0.00x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-100%)	0.00x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-100%)	0.02x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-98%)	—	—	—	—	—	—	—
Interest Coverage (x)	4.81x Fair ↓ Fair Declining Operating income divided by interest expense Optimal: > 5x	4.67x Fair ↓ Fair Declining Operating income divided by interest expense Optimal: > 5x	4.99x Fair ↓ Fair Declining Operating income divided by interest expense Optimal: > 5x	11.56x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	18.71x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	14.09x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	6.80x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	5.67x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	5.01x Good ↓ Good Declining Operating income divided by interest expense Optimal: > 5x	5.22x Good ↓ Good Declining Operating income divided by interest expense Optimal: > 5x	5.63x Good → Good Stable Operating income divided by interest expense Optimal: > 5x	5.22x Good ↓ Good Declining Operating income divided by interest expense Optimal: > 5x	6.14x Good ↓ Good Declining Operating income divided by interest expense Optimal: > 5x	6.13x Good ↓ Good Declining Operating income divided by interest expense Optimal: > 5x	7.14x Good ↓ Good Declining Operating income divided by interest expense Optimal: > 5x	14.24x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	8.88x Good Good Operating income divided by interest expense Optimal: > 5x	8.11x Good Good Operating income divided by interest expense Optimal: > 5x	—	—
Net Debt (USD)	$29.32B	$27.06B	$26.65B	$25.75B	$30.19B	$11.41B	$15.35B	$17.58B	$-375.00M	$167.00M	$-402.10M	$-1.34B	$-5.55B	$-805.60M	$-1.02B	$-917.10M	$-1.56B	$-1.28B	$-625.10M	$-667.40M
Debt / EBITDA (x)	4.45x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.66x Caution → Caution Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.38x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.65x Caution ↑ Caution Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.19x Caution ↓ Caution Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.57x Fair ↓ Fair Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.44x Caution ↑ Caution Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.57x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.19x Excellent ↑ Excellent Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.23x Excellent ↑ Excellent Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.01x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.00x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.11x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	—	—	—	—	—

📊 What does each share earn? 8 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Revenue per Share (USD)	$118.19	$112.25	$111.03	$114.58	$99.52	$81.36	$63.85	$60.59	$52.96	$46.26	$42.55	$42.41	$36.33	$34.39	$30.35	$26.21	$24.51	$25.10	$23.12	—
Basic EPS, GAAP (USD)	$17.77	$16.58	$15.52	$17.75	$19.62	$16.09	$9.24	$7.31	$5.64	$5.12	$4.96	$4.76	$3.53	$3.24	$3.49	$2.57	$2.06	$2.34	$1.77	—
Free Cash Flow per Share (USD)	$16.69	$19.02	$17.95	$17.63	$17.23	$17.21	$10.12	$9.42	$8.85	$7.12	$6.00	$5.50	$4.80	$4.74	$3.76	$3.07	$3.52	$2.76	$3.10	—
Dividend per Share (USD)	$1.72	$1.56	$1.40	$1.20	$1.04	$0.88	$0.76	$0.68	$0.60	$0.60	$0.60	$0.60	$0.60	$0.54	$0.00	—	—	—	—	—
Book Value per Share (USD)	$141.66	$129.80	$121.08	$112.19	$103.54	$87.14	$74.19	$68.62	$64.34	$54.53	$53.55	$51.60	$46.78	$42.51	$39.49	$38.09	$37.42	$35.69	$34.31	—
Tangible Book Value per Share (USD)	$-31.28	$-30.90	$-36.15	$-37.40	$-53.92	$-10.65	$-25.13	$-31.69	$-41.93	$-34.83	$-25.67	$-31.15	$-7.55	$-13.23	$-12.48	$1.12	$0.27	$14.94	$34.31	—
Basic Weighted Avg Shares (shares)	377.00M	382.00M	386.00M	392.00M	394.00M	396.00M	400.00M	402.00M	395.00M	395.00M	398.70M	398.20M	360.30M	363.80M	380.80M	403.30M	412.40M	418.20M	421.50M	—
Dividend Payout Ratio (%)	9.7% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	9.4% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	9.0% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	6.8% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	5.3% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	5.5% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	8.2% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	9.3% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	10.6% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	11.7% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	12.1% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	12.6% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	17.0% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	16.7% Excellent Excellent Dividends paid as a percentage of earnings Optimal: 30-60%	0.0% Excellent Excellent Dividends paid as a percentage of earnings Optimal: 30-60%	—	—	—	—	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Working Capital (USD)	$13.52B	$8.80B	$10.58B	$8.22B	$6.68B	$11.65B	$5.70B	$4.48B	$2.37B	$2.15B	$1.59B	$1.19B	$6.75B	$2.74B	$1.71B	$2.43B	$2.89B	—	—	—
LT Debt (USD)	$39.17B	$31.07B	$34.73B	$34.28B	$34.67B	$21.73B	$17.75B	$18.99B	—	—	—	—	—	—	—	—	—	—	—	—
Total Equity (USD)	$53.41B	$49.58B	$46.73B	$43.98B	$40.79B	$34.51B	$29.68B	$27.59B	$25.41B	$21.54B	$21.35B	$20.55B	$16.86B	$15.46B	$15.04B	$15.36B	$15.43B	$14.93B	$14.46B	—

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Sales/Revenue/Turnover (USD)	$44.56B	$42.88B	$42.86B	$44.91B	$39.21B	$32.22B	$25.54B	$24.36B	$20.92B	$18.27B	$16.97B	$16.89B	$13.09B	$12.51B	$11.56B	$10.57B	$10.11B	$10.50B	$9.75B	—
Depreciation Expense (USD)	$1.05B	$1.16B	$1.07B	$986.00M	$831.00M	$658.00M	$564.00M	$526.00M	$2.03B	$1.76B	$1.69B	$1.68B	$999.90M	$983.70M	$859.60M	$746.00M	$787.30M	$792.70M	$756.80M	—
Net Income, GAAP (USD)	$6.70B	$6.33B	$5.96B	$6.96B	$7.73B	$6.38B	$3.70B	$2.94B	$2.23B	$2.02B	$1.98B	$1.89B	$1.27B	$1.18B	$1.33B	$1.04B	$850.30M	$980.90M	$748.40M	—
Operating Cash Flow (USD)	$7.82B	$8.67B	$8.41B	$9.15B	$9.31B	$8.29B	$4.97B	$4.54B	$4.00B	$3.26B	$2.82B	$2.62B	$2.01B	$2.04B	$1.69B	$1.50B	$1.66B	$1.42B	$1.48B	—

THERMO FISHER SCIENTIFIC INC.

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