How Thermo Fisher Scientific (TMO) Makes Money: A Visual Guide

Thermo Fisher Scientific (TMO) generated $44.56B in revenue (TTM through Q4 2025), earning $6.71B in net profit (15.1% margin). Its largest revenue source is Consumables (41.9% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.

Thermo Fisher Scientific (TMO) Income Statement Flow

Frequently asked questions

How does Thermo Fisher Scientific (TMO) make money?

Thermo Fisher Scientific (TMO) primarily makes money through Consumables, which accounts for 41.9% of total revenue. For TTM through Q4 2025, Thermo Fisher Scientific generated $44.56B in total revenue with a net profit margin of 15.1%.

What is Thermo Fisher Scientific (TMO) gross profit margin?

Thermo Fisher Scientific (TMO) reported a gross profit margin of 39.5% for TTM through Q4 2025, equivalent to $17.58B in gross profit. This means Thermo Fisher Scientific retains 39.5% of each revenue unit after direct costs of production.

What is Thermo Fisher Scientific (TMO) operating profit margin?

Thermo Fisher Scientific (TMO) reported an operating profit margin of 18% for TTM through Q4 2025, equivalent to $8.00B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.

What is Thermo Fisher Scientific (TMO) net profit margin?

Thermo Fisher Scientific (TMO) reported a net profit margin of 15.1% for TTM through Q4 2025, equivalent to $6.71B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.

How much does Thermo Fisher Scientific (TMO) invest in R&D?

Thermo Fisher Scientific (TMO) invested $1.40B in research and development in TTM through Q4 2025 (3.1% of total revenue). R&D spending reflects investment in future products, services, and technologies.

How much does Thermo Fisher Scientific (TMO) spend on capital expenditures?

Thermo Fisher Scientific (TMO) spent $1.52B on capital expenditures in TTM through Q4 2025 (3.4% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.

What is Thermo Fisher Scientific (TMO) free cash flow?

Thermo Fisher Scientific (TMO) generated $6.29B in free cash flow for TTM through Q4 2025 (14.1% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.

What is Thermo Fisher Scientific (TMO) effective tax rate?

Thermo Fisher Scientific (TMO) had an effective tax rate of 7.5% for TTM through Q4 2025. This is the actual percentage of pre-tax income paid as income taxes.

About this data

What is a Sankey diagram?
A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
How is the data calculated?
We use the income statement from company filings. For TTM (Trailing Twelve Months), we sum the last four quarters. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
When was this data last updated?
Based on company filings through TTM through Q4 2025.