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FCF Margin for Thermo Fisher Scientific (TMO)

As of · Reported

Metric

TTM

14.9%

YoY change

−2.82pp

Trough year (1997)

-19.4%

Peak year (2020)

21.2%

FCF Margin history chart for Thermo Fisher Scientific (TMO) from 1989 to 2025

Latest: 14.1%

FCF Margin change chart for Thermo Fisher Scientific (TMO) from 1989 to 2025

Latest: −2.82pp

FCF Margin history table for Thermo Fisher Scientific (TMO) from 1989 to 2025

  • 202514.1%-2.82pp
  • 202416.9%+0.78pp
  • 202316.2%+0.78pp
  • 202215.4%-2.52pp
  • 202117.9%-3.25pp
  • 202021.2%+5.31pp
  • 201915.8%+0.31pp
  • 201815.5%-1.18pp
  • 201716.7%+1.88pp
  • 201614.8%+0.73pp
  • 201514.1%+1.13pp
  • 201413.0%-0.22pp
  • 201313.2%-0.58pp
  • 201213.8%+1.64pp
  • 201112.1%+0.73pp
  • 201011.4%-2.94pp
  • 200914.4%+3.35pp
  • 200811.0%-2.41pp
  • 200713.4%+4.75pp
  • 20068.7%+0.04pp
  • 20058.6%-1.09pp
  • 20049.7%+1.59pp
  • 20038.1%+5.66pp
  • 20022.5%-2.26pp
  • 20014.7%-0.79pp
  • 20005.5%+11.63pp
  • 1999-6.1%-4.23pp
  • 1998-1.9%+17.56pp
  • 1997-19.4%-22.85pp
  • 19963.4%-2.56pp
  • 19956.0%-3.12pp
  • 19949.1%+3.47pp
  • 19935.6%+6.15pp
  • 1992-0.5%+0.77pp
  • 1991-1.3%+13.02pp
  • 1990-14.3%-14.27pp
  • 1989-0.1%—

FCF Margin values are taken from Thermo Fisher Scientific's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About FCF Margin at Thermo Fisher Scientific (TMO)

According to Thermo Fisher Scientific's latest reported financial statements, the company's latest reported free cash flow margin is 14.9%. Free cash flow margin is free cash flow divided by revenue — the share of each sales dollar that converts into cash after capital expenditures. Because free cash flow cannot be inflated by non-cash accounting, FCF margin is a clean read on how efficiently a business turns revenue into deployable cash.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

The 2025 reading of Thermo Fisher Scientific (TMO) free cash flow margin is 14.12% – contracted 2.8 percentage points year-over-year.

Across the available history, free cash flow margin reached its high of 21.15% in 2020 and its low of -19.44% in 1997.

Thermo Fisher Scientific FCF Margin by Year

Thermo Fisher Scientific FCF Margin 2025: 14.1%

Thermo Fisher Scientific posted free cash flow margin of 14.12% in 2025, contracted 2.8 percentage points from 2024.

Thermo Fisher Scientific FCF Margin 2024: 16.9%

In 2024, Thermo Fisher Scientific reported free cash flow margin of 16.95%, expanded 0.8 percentage points from 2023.

Thermo Fisher Scientific FCF Margin 2023: 16.2%

Thermo Fisher Scientific free cash flow margin in 2023 was 16.16%, expanded 0.8 percentage points from 2022.

Thermo Fisher Scientific FCF Margin 2022: 15.4%

2022's free cash flow margin for Thermo Fisher Scientific came in at 15.39%, contracted 2.5 percentage points from 2021.

Thermo Fisher Scientific FCF Margin 2021: 17.9%

Thermo Fisher Scientific free cash flow margin in 2021 was 17.90%.

See more financial history for Thermo Fisher Scientific (TMO).

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