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Thermo Fisher Scientific (TMO)
:TMO
US Market
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Thermo Fisher (TMO) Ratios

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Thermo Fisher Ratios

TMO's free cash flow for Q2 2025 was $0.42. For the 2025 fiscal year, TMO's free cash flow was decreased by $ and operating cash flow was $0.19. See a summary of the company’s cash flow.
Ratios
TTM
Dec 24Dec 23Dec 22Dec 21
Liquidity Ratios
Current Ratio
1.93 1.75 1.48 1.50 2.13
Quick Ratio
1.50 1.39 1.15 1.12 1.74
Cash Ratio
0.36 0.58 0.50 0.33 1.00
Solvency Ratio
0.19 0.18 0.19 0.19 0.25
Operating Cash Flow Ratio
0.60 0.60 0.54 0.71 0.80
Short-Term Operating Cash Flow Coverage
3.42 2.33 1.64 3.76 3.15
Net Current Asset Value
$ -26.04B$ -27.30B$ -27.78B$ -34.03B$ -12.58B
Leverage Ratios
Debt-to-Assets Ratio
0.35 0.35 0.35 0.37 0.31
Debt-to-Equity Ratio
0.70 0.75 0.78 0.85 0.63
Debt-to-Capital Ratio
0.41 0.43 0.44 0.46 0.39
Long-Term Debt-to-Capital Ratio
0.40 0.40 0.40 0.44 0.36
Financial Leverage Ratio
2.00 2.11 2.21 2.33 2.00
Debt Service Coverage Ratio
3.03 2.17 1.78 3.86 2.94
Interest Coverage Ratio
5.37 4.99 11.56 18.71 14.09
Debt to Market Cap
0.21 0.17 0.16 0.13 0.12
Interest Debt Per Share
96.85 94.02 89.83 89.86 56.28
Net Debt to EBITDA
2.70 2.42 2.17 2.34 1.12
Profitability Margins
Gross Profit Margin
41.50%39.93%43.42%51.60%51.23%
EBIT Margin
19.58%17.90%19.06%26.45%24.42%
EBITDA Margin
26.23%25.85%26.59%33.06%31.63%
Operating Profit Margin
17.13%16.00%18.69%25.57%24.19%
Pretax Profit Margin
16.24%14.70%17.44%22.55%22.43%
Net Profit Margin
15.24%13.99%15.47%19.70%19.79%
Continuous Operations Profit Margin
15.23%13.90%15.50%19.71%19.79%
Net Income Per EBT
93.82%95.19%88.70%87.38%88.24%
EBT Per EBIT
94.79%91.82%93.35%88.16%92.70%
Return on Assets (ROA)
6.50%6.07%7.15%8.12%9.23%
Return on Equity (ROE)
13.27%12.83%15.80%18.94%18.47%
Return on Capital Employed (ROCE)
8.36%8.10%10.47%12.28%13.27%
Return on Invested Capital (ROIC)
7.65%7.42%9.15%10.80%11.47%
Return on Tangible Assets
16.95%15.76%18.06%23.37%21.02%
Earnings Yield
3.88%2.93%3.22%2.94%3.46%
Efficiency Ratios
Receivables Turnover
4.31 4.43 4.76 4.38 4.98
Payables Turnover
8.48 8.96 7.52 6.62 7.22
Inventory Turnover
4.55 5.06 4.51 3.76 3.90
Fixed Asset Turnover
4.48 4.54 4.13 3.98 4.82
Asset Turnover
0.43 0.43 0.46 0.41 0.47
Working Capital Turnover Ratio
3.92 4.56 6.03 4.28 3.71
Cash Conversion Cycle
122.00 113.72 108.96 125.27 116.39
Days of Sales Outstanding
84.76 82.31 76.61 83.27 73.32
Days of Inventory Outstanding
80.27 72.14 80.91 97.15 93.59
Days of Payables Outstanding
43.03 40.72 48.56 55.14 50.52
Operating Cycle
165.03 154.44 157.52 180.42 166.91
Cash Flow Ratios
Operating Cash Flow Per Share
20.05 21.78 23.35 24.22 20.93
Free Cash Flow Per Share
16.32 17.95 17.63 17.82 17.21
CapEx Per Share
3.72 3.83 5.72 6.40 3.72
Free Cash Flow to Operating Cash Flow
0.81 0.82 0.75 0.74 0.82
Dividend Paid and CapEx Coverage Ratio
3.76 4.20 3.39 3.27 4.58
Capital Expenditure Coverage Ratio
5.38 5.68 4.08 3.78 5.62
Operating Cash Flow Coverage Ratio
0.22 0.24 0.27 0.27 0.38
Operating Cash Flow to Sales Ratio
0.18 0.20 0.20 0.24 0.26
Free Cash Flow Yield
3.64%3.38%3.20%2.67%3.69%
Valuation Ratios
Price-to-Earnings (P/E) Ratio
26.12 34.18 31.06 34.03 28.93
Price-to-Sales (P/S) Ratio
3.97 4.78 4.81 6.70 5.73
Price-to-Book (P/B) Ratio
3.40 4.38 4.91 6.44 5.35
Price-to-Free Cash Flow (P/FCF) Ratio
27.84 29.58 31.24 37.45 27.07
Price-to-Operating Cash Flow Ratio
22.69 24.37 23.58 27.55 22.25
Price-to-Earnings Growth (PEG) Ratio
19.42 -2.75 -3.24 1.56 0.39
Price-to-Fair Value
3.40 4.38 4.91 6.44 5.35
Enterprise Value Multiple
17.86 20.92 20.25 22.62 19.22
Enterprise Value
200.18B 231.72B 241.83B 293.29B 195.86B
EV to EBITDA
17.66 20.92 20.25 22.62 19.22
EV to Sales
4.63 5.41 5.38 7.48 6.08
EV to Free Cash Flow
32.44 33.45 34.99 41.78 28.74
EV to Operating Cash Flow
26.42 27.57 26.42 30.73 23.63
Tangible Book Value Per Share
-31.20 -35.88 -37.06 -53.54 -10.63
Shareholders’ Equity Per Share
133.63 121.08 112.19 103.54 87.14
Tax and Other Ratios
Effective Tax Rate
0.06 0.05 0.09 0.13 0.12
Revenue Per Share
114.32 111.03 114.58 99.52 81.36
Net Income Per Share
17.42 15.53 17.73 19.61 16.10
Tax Burden
0.94 0.95 0.89 0.87 0.88
Interest Burden
0.83 0.82 0.92 0.85 0.92
Research & Development to Revenue
0.03 0.03 0.03 0.04 0.04
SG&A to Revenue
0.00 0.00 0.00 0.00 0.00
Stock-Based Compensation to Revenue
<0.01 <0.01 <0.01 <0.01 <0.01
Income Quality
1.15 1.40 1.32 1.23 1.30
Currency in USD
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