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 Q1 2026, Thermo Fisher Scientific generated $45.20B in total revenue with a net profit margin of 15.2%.

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

Thermo Fisher Scientific (TMO) reported a gross profit margin of 39.4% for TTM through Q1 2026, equivalent to $17.81B in gross profit. This means Thermo Fisher Scientific retains 39.4% 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 17.8% for TTM through Q1 2026, equivalent to $8.03B 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 15.2% for TTM through Q1 2026, equivalent to $6.86B 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 $1.39B in research and development in TTM through Q1 2026 (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 $1.54B on capital expenditures in TTM through Q1 2026 (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 $6.75B in free cash flow for TTM through Q1 2026 (14.9% 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 7.1% for TTM through Q1 2026. This is the actual percentage of pre-tax income paid as income taxes.

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

Thermo Fisher Scientific (TMO) generated $45.20B in revenue, earning $6.86B in net profit (15.2% 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 — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 28, 2026 (reported April 23, 2026).

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 Q1 2026, Thermo Fisher Scientific generated $45.20B in total revenue with a net profit margin of 15.2%.
What is Thermo Fisher Scientific (TMO) gross profit margin?: Thermo Fisher Scientific (TMO) reported a gross profit margin of 39.4% for TTM through Q1 2026, equivalent to $17.81B in gross profit. This means Thermo Fisher Scientific retains 39.4% 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 17.8% for TTM through Q1 2026, equivalent to $8.03B 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 15.2% for TTM through Q1 2026, equivalent to $6.86B 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 $1.39B in research and development in TTM through Q1 2026 (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 $1.54B on capital expenditures in TTM through Q1 2026 (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 $6.75B in free cash flow for TTM through Q1 2026 (14.9% 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 7.1% for TTM through Q1 2026. This is the actual percentage of pre-tax income paid as income taxes.

Data & methodology

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 use a pre-aggregated twelve-month view aligned with our latest four quarterly periods. 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 Q1 2026.