TMO
Thermo Fisher Scientific
$584.67
▲ 0.8%Updated Aug 7, 11:30 AM ET
TMO at a glance — five pillars scored 0–100 from real filed financials.
Overall: Neutral · 49/100. A wider, greener shape means more pillars look healthy. Dividends scores 0 when a company pays none — that is a choice, not a flaw.
▲ Up 18.4% over the last 12 months
Market Cap
$194.52B
P/E
31.97x
Forward P/E (est.)
29.98x
ROE
13.2%
Revenue Growth
5.4%
EPS Growth
6.7%
Profit Margin
15.2%
FCF Yield
5.1%
Debt / Equity
0.74x
ROIC
6.0%
Interest Coverage
5.63x
Current Ratio
1.53x
Dividend Yield
0.4%
Implied Growth (rev. DCF)
5.6%
Rating Score
49/100
Thermo Fisher Scientific (TMO) is a large-cap company in the Life Sciences Tools & Services industry, part of the Health Care sector of the S&P 500, with a market value around $194.52B.
In its latest reported year it generated about $44.56B in revenue and $6.70B in net profit.
Our model rates TMO Neutral (49/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.
Evidence of durable competitive advantage in the filed financials (10 years of history).
Some durable-advantage evidence, but not across the board — dig into which ingredient is weak and whether it's cyclical or structural.
16.8% average over the last 3 years
±3.8 pts around 18.0% across 10 years
grew in 8 of the last 9 year-over-year periods
positive in 10 of 10 years
6.0% latest fiscal year
A moat can't be proven by numbers alone — this scores the evidence a durable advantage leaves behind (pricing power, consistency, returns on capital), computed the same way for every stock. Pair it with the business overview before concluding anything.
Technical analysis reads price and volume to judge momentum and timing. It complements the fundamentals above — it does not replace them. Here is what TMO's chart says today, with each tool explained.
Trend — moving averages. A moving average is the average closing price over a window, which smooths out daily noise. TMO trades near $584.67, above its 50-day average ($473.40) and 200-day average ($526.47). Price above both averages, with the shorter one above the longer, is the textbook definition of an uptrend — momentum favours buyers.
Momentum — RSI. The Relative Strength Index runs 0–100 and measures how strong recent gains are versus losses. Above 70 is "overbought", below 30 "oversold". At 72 it is overbought — the recent rally is stretched and can cool off.
MACD. MACD compares two moving averages to flag shifts in momentum. Its histogram is currently positive — short-term momentum is improving.
Volatility — ATR. Average True Range is the typical daily move. TMO's is $14.13 (~2.4% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.
Support & resistance. Over the last month TMO found buyers near $457.64 (support) and sellers near $529.15 (resistance); its 52-week range is $403.36–$643.99. A decisive break beyond either edge often marks the next move.
Volume. The latest session traded 1.0× the 20-day average — about normal. Rising volume on up-days suggests real buying; on down-days, real selling.
Educational information to help you read a chart — not a recommendation or a forecast. It updates daily as the price and indicators change.
4Y CAGR
3.2%
Revenue moved from $18.27B in 2016 to $44.56B in 2025, a 10.4% compound annual growth rate. The most recent year grew a steady 5.4% year over year. Slower, mature growth is common for established businesses.
Gross Margin
40.9%
Operating Margin
17.4%
Net Margin
15.0%
ROE
13.2%
Thermo Fisher Scientific keeps about 15.2% of each sales dollar as net profit, with a 40.9% gross margin and 17.4% operating margin. Return on equity is 13.2% and return on invested capital about 6.0%. Margins this wide usually signal pricing power or a cost advantage.
Total Debt
$42.95B
Net Debt
$39.69B
Net Debt / EBITDA
5.12x
Debt / Equity
0.74x
Leverage: debt-to-equity is 0.7x, and operating profit covers interest about 5.6x, with a current ratio of 1.5x. That is a moderate, manageable debt load for most businesses. It carries roughly $42.95B of total debt against $3.25B of cash.
Operating CF
$7.82B
Free Cash Flow
$6.29B
FCF Margin
14.1%
In the latest year Thermo Fisher Scientific produced about $7.82B of operating cash flow and $6.29B of free cash flow after capital spending. That is a free-cash-flow yield of about 5.1% on today's price. Strong cash generation funds dividends, buybacks, and reinvestment.
Can the payout survive a bad year? Scored from filed cash flow, earnings coverage, and the raise/cut record.
The payout is comfortably covered by cash the business actually generates, with a raise habit behind it.
Dividend yield
0.4%
Per share (latest FY)
$1.72
Total paid (latest FY)
$636.00M
History on record
10 years
dividend uses 10% of free cash flow
9% of net income paid out
total dividends increased 8 years in a row
no cuts in the last 10 years on record
Coverage uses the latest fiscal year as filed with the SEC; the streak counts total dollars paid (per-share figures can carry split artifacts). Educational information, not income advice.
P/E
31.97x
P/S
3.97x
P/B
5.04x
EV / EBITDA
—
TMO trades at 32.0x trailing earnings (about 30.0x on estimated forward earnings), 4.0x sales, and 5.0x book value. Reverse-engineering today's price implies the market expects roughly 5.6% long-term free-cash-flow growth. That is a premium multiple that needs growth to justify it.
A two-stage discounted cash flow on real SEC-filed free cash flow — the intrinsic-value anchor professional analysts triangulate from.
DCF fair value / share
$313.95
Current price
$584.67
Starting FCF (latest 10-K)
$6.29B
Growth, years 1–5
5.4%
Fade to terminal, years 6–10
2.5%
Discount rate
9.0%
Cash flows grow at the stage-1 rate (trailing revenue growth, capped at 20%) for five years, fade to 2.5% by year 10, and continue at that rate forever (Gordon terminal value), all discounted at 9.0%. Small changes in assumptions move the result a lot — treat this as one reference point, not a target price. Educational only, not investment advice.
Where TMO sits versus its Health Care sector peers in the S&P 500.
Bands show the middle half (25th–75th percentile) of the 83 Health Care companies in the S&P 500 — the peer-relative anchor professional comps analysis uses. Context only — not investment advice.
How TMO stacks up against its Health Care peers — valuation, profitability, and growth versus the sector median.
In the Health Care sector (324 S&P 500 companies), TMO ranks #48 of 324 by our overall rating. It trades at a premium versus the sector on earnings (32x P/E vs. 27.3x median) with a lower return on equity (13.2% vs. 14.1%) and slower revenue growth (5.4% vs. 7.6%).
P/E vs sector
32x
median 27.3x
ROE vs sector
13.2%
median 14.1%
Growth vs sector
5.4%
median 7.6%
Sector rank
#48
of 324 by rating
Valuation vs. quality map
The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.
Peers are the closest Health Care companies by sub-industry and size. Sector median is across all 324 S&P 500 names in the sector. Educational, not a recommendation.
Project revenue → earnings → price. Edit the assumptions to build your own case.
2030 price target (Base Case)
$0.00 – $0.00
vs. $584.67 today · expected CAGR -4% – 7%
| Metric | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| Revenue | $46.78B | $49.12B | $51.58B | $54.16B | $56.87B |
| Net income | $7.02B | $7.37B | $7.74B | $8.12B | $8.53B |
| EPS | $21.09 | $22.15 | $23.25 | $24.42 | $25.64 |
| Share price (low) | $400.76 | $420.80 | $441.84 | $463.93 | $487.13 |
| Share price (high) | $674.96 | $708.71 | $744.15 | $781.35 | $820.42 |
| CAGR (low–high) | -31% / 15% | -15% / 10% | -9% / 8% | -6% / 8% | -4% / 7% |
Educational model on sample fundamentals — not a forecast or investment advice. Outputs are only as good as your assumptions.
The case for TMO:
- High net margins (15.2%) point to pricing power or efficiency.
- Healthy free-cash-flow yield (~5.1%) funds buybacks and dividends.
The case against TMO:
- Like any single stock, it is exposed to competition, the economic cycle, and shifts in its end markets.
Valuation risk — at 32.0x earnings, disappointing results could compress the multiple.
Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.
On balance, the picture is mixed: Thermo Fisher Scientific is a large-cap health care business growing at a mature pace, with solid profitability, and a heavier debt load to watch. It trades at 32.0x earnings, which our model scores Neutral (49/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.
Analyst Ratings
What 36 Wall Street analysts covering TMO recommend (August 2026). Consensus is a useful sanity check — not a substitute for your own homework.
Analysts have turned more cautious over the last three months (-8 pts of buy ratings).
Latest SEC Filings
TMO's most recent filings, straight from SEC EDGAR. Annual and quarterly reports are the deep dives; 8-Ks flag material events the moment they happen.
TMO — frequently asked questions
Is TMO a good stock to buy?
We don't give buy or sell advice. Our model rates Thermo Fisher Scientific Neutral (49/100) based on its growth, profitability, financial health, and valuation — use that as a research starting point and make your own decision.
What is TMO's rating on The Stocks School?
Thermo Fisher Scientific currently scores 49/100 (Neutral) on our transparent model, which weighs real fundamentals: growth, margins, returns on capital, balance-sheet strength, and valuation.
How our ratings work →Where does TMO's data come from?
Live price data plus real fundamentals and 5-year financials pulled directly from Thermo Fisher Scientific's SEC filings — refreshed automatically, not hand-entered.
How is the 5-year projection for TMO calculated?
It's a scenario model: it grows revenue at an assumed rate, applies a profit margin and a valuation multiple, and shows the resulting share-price range. The assumptions are yours to change — it's a tool for thinking, not a prediction.
Is this TMO analysis financial advice?
No. Everything on this page is educational research, not financial advice or a recommendation to buy or sell TMO. Always do your own research and consider a licensed professional.
Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.
Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.