Market Cap for Thermo Fisher Scientific (TMO)
According to Thermo Fisher Scientific's latest reported financial statements, the company's latest reported market cap is $176.56B USD. Market capitalization is the total dollar value of all outstanding shares — shares outstanding × stock price — and the standard measure of a company's equity value. On this page, historical market cap snaps filing-period share counts to closing prices on or before each statement date (not intraday tick data).
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
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Latest period
$176.56B
YoY change
-20.4%
5Y CAGR
-8.1%
Peak year (2021)
$264.89B
Latest annual
$173.91B
Market Cap history chart for Thermo Fisher Scientific (TMO) from 1985 to 2026
Market Cap history table for Thermo Fisher Scientific (TMO) from 1985 to 2026
| Fiscal year | Period ended | Reported | Market Cap | YoY |
|---|---|---|---|---|
| 2026 | $173.91B | -20.4% | ||
| 2025 | $218.45B | +9.6% | ||
| 2024 | $199.25B | -3.3% | ||
| 2023 | $205.95B | -5.1% | ||
| 2022 | $216.97B | -18.1% | ||
| 2021 | $264.89B | +42.5% | ||
| 2020 | $185.85B | +42.0% | ||
| 2019 | $130.92B | +44.1% | ||
| 2018 | $90.86B | +20.2% | ||
| 2017 | $75.57B | +34.8% | ||
| 2016 | $56.07B | -1.6% | ||
| 2015 | $57.01B | +13.1% | ||
| 2014 | $50.40B | +23.7% | ||
| 2013 | $40.73B | +74.2% | ||
| 2012 | $23.38B | +35.1% | ||
| 2011 | $17.30B | -23.6% | ||
| 2010 | $22.66B | +12.3% | ||
| 2009 | $20.17B | +36.2% | ||
| 2008 | $14.81B | -42.1% | ||
| 2007 | $25.59B | +177.4% | ||
| 2006 | $9.23B | +85.2% | ||
| 2005 | $4.98B | -1.6% | ||
| 2004 | $5.06B | +17.6% | ||
| 2003 | $4.30B | +19.4% | ||
| 2002 | $3.60B | -18.4% | ||
| 2001 | $4.41B | +5.1% | ||
| 2000 | $4.20B | +105.7% | ||
| 1999 | $2.04B | -16.8% | ||
| 1998 | $2.45B | -61.8% | ||
| 1997 | $6.42B | +3.1% | ||
| 1996 | $6.23B | +32.2% | ||
| 1995 | $4.71B | +88.8% | ||
| 1994 | $2.50B | +44.4% | ||
| 1993 | $1.73B | +58.1% | ||
| 1992 | $1.09B | +5.7% | ||
| 1991 | $1.03B | +99.0% | ||
| 1990 | $519.65M | +9.1% | ||
| 1989 | $476.29M | +57.2% | ||
| 1988 | $302.98M | +50.8% | ||
| 1987 | $200.94M | -21.0% | ||
| 1986 | $254.34M | +52.4% | ||
| 1985 | $166.90M | — |
Market Cap values are taken from Thermo Fisher Scientific's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
As of the 2026 fiscal year, Thermo Fisher Scientific (TMO) reported market cap of $173.91B – declined 20.4% year-over-year.
Thermo Fisher Scientific market cap compound annual growth for the 2021–2026 (5 years) window is -8.1%, with a net decline across the window.
Between 2021 and 2026, Thermo Fisher Scientific market cap plunged 34.3%, falling from $264.89B to $173.91B.
2021 marks the peak market cap at $264.89B, with the historical low of $166.90M recorded in 1985.
Within Healthcare, Thermo Fisher Scientific (TMO) ranks 9th among 8 peers we track. The peer median for market cap is $311.16B.
Thermo Fisher Scientific Market Cap by Year
Thermo Fisher Scientific Market Cap 2026: $173.91B
Thermo Fisher Scientific market cap in 2026 was $173.91B, declined 20.4% below 2025.
Thermo Fisher Scientific Market Cap 2025: $218.45B
Thermo Fisher Scientific market cap in 2025 was $218.45B, grew 9.6% from 2024.
Thermo Fisher Scientific Market Cap 2024: $199.25B
Thermo Fisher Scientific market cap in 2024 was $199.25B, edged down 3.3% below 2023.
Thermo Fisher Scientific Market Cap 2023: $205.95B
Thermo Fisher Scientific market cap in 2023 was $205.95B, declined 5.1% below 2022.
Thermo Fisher Scientific Market Cap 2022: $216.97B
Thermo Fisher Scientific market cap in 2022 was $216.97B.
See more financial history for Thermo Fisher Scientific (TMO).
Sector peers — Market Cap
Companies in the same sector as Thermo Fisher Scientific, ranked by their latest market cap.
| Company | Market Cap | Sector |
|---|---|---|
| Eli Lilly and Company (LLY) | $825.77B | Healthcare |
| Johnson & Johnson (JNJ) | $548.34B | Healthcare |
| AbbVie Inc. (ABBV) | $349.67B | Healthcare |
| UnitedHealth Group Incorporated (UNH) | $332.91B | Healthcare |
| AstraZeneca PLC (AZN) | $289.41B | Healthcare |
| Merck & Co., Inc. (MRK) | $272.11B | Healthcare |
| Amgen Inc. (AMGN) | $183.05B | Healthcare |
| Novo Nordisk A/S (NVO) | $182.96B | Healthcare |
Frequently asked questions
What is Thermo Fisher Scientific's market cap?
- Latest reported market cap for Thermo Fisher Scientific (TMO) is $176.56B (period ending March 28, 2026).
How has Thermo Fisher Scientific market cap changed year-over-year?
- Thermo Fisher Scientific (TMO) market cap changed -20.4% year-over-year on the latest annual filing.
What is the long-term growth rate of Thermo Fisher Scientific market cap?
- Thermo Fisher Scientific (TMO) market cap compound annual growth rate is -8.1% over the most recent 5 years available.
When did Thermo Fisher Scientific market cap hit its highest annual value?
- Thermo Fisher Scientific market cap reached its highest annual value of $264.89B in 2021.
What was Thermo Fisher Scientific market cap in 2025?
- Thermo Fisher Scientific (TMO) market cap in 2025 was $218.45B.
What was Thermo Fisher Scientific market cap in 2026?
- Thermo Fisher Scientific (TMO) market cap in 2026 was $173.91B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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