Net Income for Thermo Fisher Scientific (TMO)
According to Thermo Fisher Scientific's latest reported financial statements, the company's current net income (TTM) is $6.86B USD. Net income is the bottom-line profit after all expenses — cost of goods sold, operating expenses, interest, and taxes — are subtracted from revenue. It is the figure used to compute earnings per share (EPS) and is the residual available to shareholders.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingNet IncomeSwitch metric
TTM (last 4 quarters)
$6.86B
YoY change
+6.3%
5Y CAGR
+1.1%
Peak year (2021)
$7.72B
Cumulative net income
$64.50B
Net Income history chart for Thermo Fisher Scientific (TMO) from 1985 to 2025
Net Income history table for Thermo Fisher Scientific (TMO) from 1985 to 2025
| Fiscal year | Period ended | Reported | Net Income | YoY |
|---|---|---|---|---|
| 2025 | $6.74B | +6.3% | ||
| 2024 | $6.33B | +5.7% | ||
| 2023 | $6.00B | -13.7% | ||
| 2022 | $6.95B | -10.0% | ||
| 2021 | $7.72B | +21.2% | ||
| 2020 | $6.38B | +72.5% | ||
| 2019 | $3.70B | +25.8% | ||
| 2018 | $2.94B | +32.0% | ||
| 2017 | $2.23B | +10.1% | ||
| 2016 | $2.02B | +2.3% | ||
| 2015 | $1.98B | +4.3% | ||
| 2014 | $1.89B | +48.8% | ||
| 2013 | $1.27B | +8.1% | ||
| 2012 | $1.18B | -11.4% | ||
| 2011 | $1.33B | +28.4% | ||
| 2010 | $1.04B | +21.8% | ||
| 2009 | $850.30M | -14.5% | ||
| 2008 | $994.20M | +30.6% | ||
| 2007 | $761.10M | +350.5% | ||
| 2006 | $168.94M | -24.3% | ||
| 2005 | $223.22M | -38.3% | ||
| 2004 | $361.84M | +80.9% | ||
| 2003 | $200.01M | -35.4% | ||
| 2002 | $309.73M | -39758.1% | ||
| 2001 | -$781,000 | -97.8% | ||
| 2000 | -$36.11M | -79.3% | ||
| 1999 | -$174.60M | -196.0% | ||
| 1998 | $181.90M | -24.0% | ||
| 1997 | $239.30M | +25.4% | ||
| 1996 | $190.80M | +36.2% | ||
| 1995 | $140.10M | +35.5% | ||
| 1994 | $103.40M | +35.0% | ||
| 1993 | $76.60M | +29.4% | ||
| 1992 | $59.20M | +25.7% | ||
| 1991 | $47.10M | +38.9% | ||
| 1990 | $33.90M | +37.8% | ||
| 1989 | $24.60M | +22.4% | ||
| 1988 | $20.10M | +11.0% | ||
| 1987 | $18.10M | +26.6% | ||
| 1986 | $14.30M | +49.0% | ||
| 1985 | $9.60M | — |
Net Income 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
The 2025 reading of Thermo Fisher Scientific (TMO) net income is $6.74B – grew 6.3% year-over-year.
Across 2020–2025 (5 years), Thermo Fisher Scientific net income produced a CAGR of +1.1% – sustaining 2 straight years of year-over-year growth.
Thermo Fisher Scientific net income peaked at $7.72B in 2021; the latest annual figure is $6.74B in 2025 (12.8% below peak).
The dataset's maximum net income sits at $7.72B (2021); the minimum reading of -$174.60M dates to 1999.
Thermo Fisher Scientific (TMO) sits 8th of 8 Healthcare peers we track on this metric, against a peer median of $15.15B.
Thermo Fisher Scientific Net Income by Year
Thermo Fisher Scientific Net Income 2025: $6.74B
Thermo Fisher Scientific net income in 2025 was $6.74B, grew 6.3% from 2024.
Thermo Fisher Scientific Net Income 2024: $6.33B
Thermo Fisher Scientific net income in 2024 was $6.33B, grew 5.7% from 2023.
Thermo Fisher Scientific Net Income 2023: $6.00B
Thermo Fisher Scientific net income in 2023 was $6.00B, declined 13.7% below 2022.
Thermo Fisher Scientific Net Income 2022: $6.95B
Thermo Fisher Scientific net income in 2022 was $6.95B, declined 10.0% below 2021.
Thermo Fisher Scientific Net Income 2021: $7.72B
Thermo Fisher Scientific net income in 2021 was $7.72B.
See more financial history for Thermo Fisher Scientific (TMO).
Sector peers — Net Income
Companies in the same sector as Thermo Fisher Scientific, ranked by their latest net income.
| Company | Net Income | Sector |
|---|---|---|
| Novo Nordisk A/S (NVO) | $102.43B | Healthcare |
| Johnson & Johnson (JNJ) | $26.80B | Healthcare |
| Eli Lilly and Company (LLY) | $20.64B | Healthcare |
| Merck & Co., Inc. (MRK) | $18.25B | Healthcare |
| UnitedHealth Group Incorporated (UNH) | $12.06B | Healthcare |
| AstraZeneca PLC (AZN) | $10.26B | Healthcare |
| Amgen Inc. (AMGN) | $7.71B | Healthcare |
| AbbVie Inc. (ABBV) | $4.23B | Healthcare |
Frequently asked questions
What is Thermo Fisher Scientific's net income?
- Latest reported net income for Thermo Fisher Scientific (TMO) is $6.86B (period ending March 28, 2026).
How has Thermo Fisher Scientific net income changed year-over-year?
- Thermo Fisher Scientific (TMO) net income changed +6.3% year-over-year on the latest annual filing.
What is the long-term growth rate of Thermo Fisher Scientific net income?
- Thermo Fisher Scientific (TMO) net income compound annual growth rate is +1.1% over the most recent 5 years available.
When did Thermo Fisher Scientific net income hit its highest annual value?
- Thermo Fisher Scientific net income reached its highest annual value of $7.72B in 2021.
What was Thermo Fisher Scientific net income in 2024?
- Thermo Fisher Scientific (TMO) net income in 2024 was $6.33B.
What was Thermo Fisher Scientific net income in 2025?
- Thermo Fisher Scientific (TMO) net income in 2025 was $6.74B.
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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