← THERMO FISHER SCIENTIFIC INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $18.3b |
$20.9b
+14.47%
|
$24.4b
+16.45%
|
$25.5b
+4.86%
|
$32.2b
+26.14%
|
$39.2b
+21.71%
|
$44.9b
+14.55%
|
$42.9b
-4.58%
|
$42.9b
+0.05%
|
$44.6b
+3.91%
|
$46.3b
+4.00%
|
|
| Cost of Goods and Services Sold | $8.2b |
$9.0b
+9.28%
|
$13.5b
+50.41%
|
$14.2b
+5.28%
|
$16.2b
+14.07%
|
$19.6b
+20.72%
|
$25.9b
+32.55%
|
$25.8b
-0.72%
|
$25.2b
-2.25%
|
$26.3b
+4.53%
|
$27.4b
+4.22%
|
|
| Cost of revenues | $9.9b |
$11.5b
+15.84%
|
$13.5b
+17.71%
|
$14.2b
+5.28%
|
$16.2b
+14.07%
|
$19.6b
+20.72%
|
$25.9b
+32.55%
|
$25.8b
-0.72%
|
$25.2b
-2.25%
|
$26.3b
+4.53%
|
$27.4b
+4.22%
|
|
| Gross Profit (Calculated) | $10.1b |
$11.9b
+18.71%
|
$10.9b
-9.09%
|
$11.3b
+4.34%
|
$16.0b
+41.28%
|
$19.6b
+22.71%
|
$19.0b
-3.40%
|
$17.1b
-9.86%
|
$17.7b
+3.52%
|
$18.2b
+3.03%
|
— | |
| Research and Development Expense | $754.8m | $888.0m | $967.0m | $1.0b | $1.2b | $1.4b | $1.5b | $1.3b | $1.4b | $1.4b | $1.4b | |
| Selling, General and Administrative Expense | $5.0b | $5.5b | $6.1b | $6.1b | $6.9b | $8.0b | $9.0b | $8.4b | $8.6b | $8.7b | $9.0b | |
| Amortization of Intangible Assets | $1.4b | $1.6b | $1.7b | $1.7b | $1.7b | $1.8b | $2.4b | $2.3b | $2.0b | $1.7b | — | |
| Restructuring and other costs | $189.2m | $97.0m | $50.0m | ($413.0m) | $99.0m | $197.0m | $114.0m | $459.0m | $379.0m | $362.0m | — | |
| Total costs and operating expenses | $15.8b | $17.9b | $20.6b | $20.9b | $24.4b | $29.2b | $36.5b | $36.0b | $35.5b | $36.8b | — | |
| Operating Income (Loss) | $2.4b |
$3.0b
+21.18%
|
$3.8b
+27.46%
|
$4.6b
+21.44%
|
$7.8b
+69.66%
|
$10.0b
+28.66%
|
$8.4b
-16.30%
|
$6.9b
-18.28%
|
$7.3b
+6.97%
|
$7.7b
+5.57%
|
$8.5b
+9.45%
|
|
| Interest Expense | $469.6m | $592.0m | $667.0m | $676.0m | $553.0m | $536.0m | $726.0m | $1.4b | $1.4b | $1.4b | $1.5b | |
| Interest income | $48.4m | $81.0m | $137.0m | $224.0m | $65.0m | $43.0m | $272.0m | $879.0m | $1.1b | $993.0m | $932.0m | |
| Investment Income, Interest | $48.4m | $81.0m | $137.0m | $224.0m | $65.0m | $43.0m | $272.0m | $879.0m | $1.1b | $993.0m | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | $19.0m | ($31.0m) | $19.0m | $52.0m | $24.0m | $25.0m | $62.0m | ($67.0m) | $0 | ($130.0m) | — | |
| Gain (Loss) Related to Litigation Settlement | ($24.0m) | $27.0m | — | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Investments | $12.5m | $17.0m | ($15.0m) | $44.0m | $10.0m | $66.0m | ($161.0m) | ($46.0m) | $21.0m | $13.0m | — | |
| Income (Loss) from Equity Method Investments | — | — | — | $0 | ($3.0m) | ($4.0m) | ($172.0m) | ($59.0m) | ($42.0m) | ($41.0m) | — | |
| Other Nonoperating Income (Expense) | ($4.1m) | ($28.0m) | $9.0m | ($72.0m) | ($81.0m) | ($694.0m) | ($104.0m) | ($65.0m) | $12.0m | ($12.0m) | — | |
| Other income/(expense) | — | ($20.0m) | $9.0m | ($72.0m) | ($81.0m) | ($694.0m) | ($104.0m) | ($65.0m) | $12.0m | ($12.0m) | ($303.0m) | |
| Income (Loss) from Continuing Operations before Income Taxes, Domestic | $493.2m | $655.0m | $1.3b | $2.3b | $4.8b | $3.3b | $3.9b | $2.4b | $2.2b | $2.6b | $7.6b | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $2.0b | $2.4b | $3.3b | $4.1b | $7.2b | $8.8b | $7.8b | $6.3b | $7.0b | $7.3b | $7.6b | |
| Benefit from/(provision for) income taxes | $1.4m | ($201.0m) | ($324.0m) | ($374.0m) | ($850.0m) | ($1.1b) | ($703.0m) | ($284.0m) | ($657.0m) | ($547.0m) | — | |
| Current Income Tax Expense (Benefit) | $637.9m | $1.9b | $798.0m | $873.0m | $1.1b | $1.8b | $1.7b | $1.6b | $1.9b | $1.2b | $598.0m | |
| Net Income (Loss) Attributable to Parent | $2.0b |
$2.2b
+10.05%
|
$2.9b
+32.04%
|
$3.7b
+25.80%
|
$6.4b
+72.48%
|
$7.7b
+21.18%
|
$7.0b
-10.03%
|
$6.0b
-13.74%
|
$6.3b
+5.67%
|
$6.7b
+5.82%
|
$7.0b
+3.92%
|
|
| Less: net income/(loss) attributable to noncontrolling interests and redeemable noncontrolling interest | — | — | — | $2.0m | $2.0m | $3.0m | $10.0m | ($40.0m) | $3.0m | $17.0m | — | |
| Earnings Per Share, Basic | $5.12 | $5.64 | $7.31 | $9.24 | $16.09 | $19.62 | $17.75 | $15.52 | $16.58 | $17.77 | $18.61 | |
| Earnings Per Share, Diluted | $5.09 | $5.59 | $7.24 | $9.17 | $15.96 | $19.46 | $17.63 | $15.45 | $16.53 | $17.74 | $18.58 | |
| Income (Loss) from Continuing Operations, Per Basic Share | $5 | $6 | $7 | $9 | — | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations, Per Diluted Share | $5 | $6 | $7 | $9 | $16 | $19 | $18 | $15 | $17 | $18 | — | |
| Common Stock, Dividends, Per Share, Declared | $0.60 | $0.60 | $0.68 | $0.76 | $0.88 | $1.04 | $1.20 | $1.40 | $1.56 | $1.72 | — | |
| Basic (in shares) | $394.8m | $395.0m | $402.0m | $400.0m | $396.0m | $394.0m | $392.0m | $386.0m | $382.0m | $377.0m | $374.0m | |
| Diluted (in shares) | $397.4m | $398.0m | $406.0m | $403.0m | $399.0m | $397.0m | $394.0m | $388.0m | $383.0m | $378.0m | $375.0m | |
| Weighted Average Number of Shares Outstanding, Basic | 394.8m | 395.0m | 402.0m | 400.0m | 396.0m | 394.0m | 392.0m | 386.0m | 382.0m | 377.0m | 374.0m | |
| Weighted Average Number of Shares Outstanding, Diluted | 397.4m | 398.0m | 406.0m | 403.0m | 399.0m | 397.0m | 394.0m | 388.0m | 383.0m | 378.0m | 375.0m | |
| Additional Financial Items | ||||||||||||
| Costs and Expenses | $15.8b | $17.9b | $20.6b | $20.9b | $24.4b | $29.2b | $36.5b | $36.0b | $35.5b | $36.8b | — | |
| Equity in earnings/(losses) of unconsolidated entities | — | — | — | $0 | ($3.0m) | ($4.0m) | ($172.0m) | ($59.0m) | ($42.0m) | ($41.0m) | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $2.0b | $2.2b | $2.9b | $3.7b | — | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | ($3.5m) | ($3.0m) | $0 | $0 | $2.0m | $3.0m | $10.0m | $40.0m | $3.0m | $17.0m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.