THERMO FISHER SCIENTIFIC INC. (TMO) Income statement

Market cap

$182.6B

P/E ratio

27.7x

	2010/12	2011/12	2012/12	2013/12	2014/12	2015/12	2016/12	2017/12	2018/12	2019/12	2020/12	2021/12	2022/12	2023/12	2024/12	2025/12
Revenue	10,789	11,726	12,510	13,090	16,890	16,965	18,274	20,918	24,358	25,542	32,218	39,211	44,915	42,857	42,879	44,556
Revenue growth (%)	-
Cost of revenue	5,394	5,872	6,101	6,310	7,935	7,584	8,214	8,976	-	-	-	-	-	-	-	-
Research & development	-	-	376	396	691	692	755	888	967	1,003	1,181	1,406	1,471	1,337	1,390	1,397
Selling, general & administrative	2,826	3,127	3,355	3,446	4,896	4,612	4,976	5,492	6,057	6,144	6,930	8,007	8,993	8,445	8,595	8,732
Operating margin (%)
Operating expenses	9,524	10,481	11,028	11,481	14,387	14,629	15,825	17,950	20,575	20,948	24,424	29,183	36,522	35,998	35,542	36,810
Operating income	1,265	1,245	1,482	1,610	2,503	2,336	2,449	2,968	3,783	4,594	7,794	10,028	8,393	6,859	7,337	7,746
Income before tax	-	1,127	1,269	1,320	2,087	1,936	2,024	2,429	3,262	4,070	7,225	8,841	7,835	6,298	7,037	7,308
Pretax margin (%)	-	9.6	10.1	10.1	12.4	11.4	11.1	11.6	13.4	15.9	22.4	22.5	17.4	14.7	16.4	16.4
Provision for income taxes	132	107	11	40	192	-44	-1	201	324	374	850	1,109	703	284	657	547
Effective tax rate (%)	-
Net income	1,036	1,330	1,178	1,273	-	-	-	-	-	-	-	7,728	6,960	5,955	6,338	6,721
Net income margin (%)					-	-	-	-	-	-	-
Earnings per share	2.57	3.49	3.24	3.53	4.76	4.96	5.12	5.64	7.31	9.24	16.09	19.62	17.75	15.52	16.58	17.77
Diluted EPS	2.53	3.46	3.21	3.48	4.71	4.92	5.09	5.59	7.24	9.17	15.96	19.46	17.63	15.45	16.53	17.74
Dividend payout ratio (%)	-	-
Dividend per share	-	-	0.54	0.6	0.6	0.6	0.6	0.6	0.68	0.76	0.88	1.04	1.2	1.4	1.56	1.72
EBITDA										-	-	-	-	-	-	-
EBITDA margin (%)										-	-	-	-	-	-	-