Thermo Fisher Scientific Inc TMO

Morningstar Rating
$654.80 +2.29 (0.35%)
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Company Report

Thermo Fisher Faces Challenging Market Dynamics

While Thermo Fisher is weathering the pullback in global biopharmaceutical spending and China softness better than most of its peers, it is still not immune to the overall softness in the life science market. Having an unmatched portfolio of products, resources, and manufacturing capabilities has allowed the firm to retain and grow its wallet share among its customers across all channels. We expect the current budget-constrained environment to stay suppressed throughout 2026. But long-term dynamics are still largely intact, and we see Thermo Fishe in a great position to leverage its share gains in the biopharma channel to capitalize on the eventual return of demand.

Price vs Fair Value

TMO is trading at a LOCK|ZkM@Z? premium.
Price
$652.51
Fair Value
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Uncertainty
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1-Star Price
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5-Star Price
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Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Thermo Fisher is among the industry's best when it comes to cost control. As near-term spending is constrained, the company's margins show exceptional resilience.

Bears

Tariffs introduce uncertainty for the entire life science industry.

News

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Trading Information

Previous Close Price
$652.51
Day Range
$648.29–659.47
52-Week Range
$435.27–683.63
Bid/Ask
$654.80 / $654.95
Shares Outstanding
369.75M
Market Cap
$242.11B
Volume/Avg
2M / 2M

Key Statistics

Price/Earnings (Normalized)
27.38
Price/Sales
5.28
Dividend Yield (Trailing)
0.28%
Dividend Yield (Forward)
0.29%
Dividend Payment Schedule
Jan, Apr, Jul, Oct
Total Yield
2.35%

Company Profile

Thermo Fisher Scientific sells scientific instruments and laboratory equipment, diagnostics consumables, and life science reagents. The firm operates through four segments as of year-end 2025 (revenue figures include some cross-segment revenue): analytical technologies (17% of sales); specialty diagnostic products (11%); life science solutions (23%); and lab products and services, which includes CRO services (the remainder).
Sector
Healthcare
Industry
Diagnostics & Research
Stock Style Box
Large Core
Total Number of Employees
125,000

Competitors

Valuation

Metric
TMO
MRK
A
Price/Earnings (Normalized)
27.3816.6727.50
Price/Book Value
4.581.946.38
Price/Sales
5.282.776.41
Price/Cash Flow
24.0712.8424.91
Price/Earnings
TMO
MRK
A

Financial Strength

Metric
TMO
MRK
A
Quick Ratio
1.010.991.41
Current Ratio
1.551.692.05
Interest Coverage
5.577.2216.08
Quick Ratio
TMO
MRK
A

Profitability

Metric
TMO
MRK
A
Return on Assets (Normalized)
8.26%4.75%13.27%
Return on Equity (Normalized)
17.21%8.32%24.92%
Return on Invested Capital (Normalized)
10.33%6.65%16.95%
Return on Assets
TMO
MRK
A

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