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THERMO FISHER SCIENTIFIC INC.

LISTEDNYSE

SYMBOLTMO

SIC3829

STATE OF INC.DE

FISCAL YEAR ENDSDecember 31

CIK97745

MEASURING & CONTROLLING DEVICES, NEC · LARGE ACCELERATED FILER · 10 FISCAL YEARS OF SEC XBRL DATA, 2016–2025

Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.

CAPITALIZATION 12/31/25

($ millions)	Amount	%
Total debt	39,172	42.3
Stockholders' equity	53,407	57.7
Total capitalization	92,579	100.0

369,747,286 shares outstanding at 27 June 2026 (cover page of the 10-Q filed 31 July 2026).

LONG-TERM DEBT 12/31/25

($ millions)	Amount
Long-term debt, incl. current maturities	39,172
Long-term debt, noncurrent	35,852
Current maturities	3,533

CAPITAL STOCK 12/31/25

Common shares authorized	1,200,000,000
Common shares issued	445,160,301
Treasury shares	68,938,831
Par or stated value per share ($)	1
Preferred stock ($ millions)	0
Outstanding at 6/27/26	369,747,286

DIVIDENDS DECLARED/PAID

Fiscal year	Per share $	Payout %
2025	1.72	9.7
2024	1.56	9.4
2023	1.40	9.1
2022	1.20	6.8
2021	1.04	5.3

HISTORY AND BUSINESS

HISTORY: Incorporated in Delaware. Formerly known as THERMO ELECTRON CORP (to 3 November 2006).

BUSINESS: Classified by the SEC under Standard Industrial Classification 3829, Measuring & Controlling Devices, NEC. Large accelerated filer. Principal executive office: 168 Third Avenue, Waltham, MA 02451. Fiscal year ends December 31. For a description of the business, see Item 1 of the latest 10-K.

CONSOLIDATED INCOME ACCOUNT, YEARS ENDED

($ millions)	12/31/25	12/31/24	12/31/23
Revenues	44,556	42,879	42,857
Research and development	1,397	1,390	1,337
Selling, general and administrative	8,732	8,595	8,445
Depreciation and amortization	1,050	1,156	1,068
Operating income	7,746	7,337	6,859
Interest expense	1,419	1,390	1,375
Income before income taxes	7,308	7,037	6,298
Income taxes	547	657	284
Net income	6,704	6,335	5,995
Earned per share, diluted ($)	17.74	16.53	15.45
Dividends per share ($)	1.72	1.56	1.40

CONSOLIDATED BALANCE SHEET

($ millions)	12/31/25	12/31/24
Cash and equivalents	9,852	4,009
Receivables, net	8,900	8,191
Inventories	5,425	4,978
Total current assets	28,707	22,137
Property, plant and equipment, net	10,565	9,306
Goodwill	49,362	45,853
Total assets	110,343	97,321
Total current liabilities	15,189	13,332
Long-term debt	35,852	29,061
Stockholders' equity	53,407	49,584
Total liabilities and equity	110,343	97,321

TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)

Fiscal year ended	Revenues	Oper. income	Net income	Net margin %	EPS diluted $	Div. per share $	Oper. cash flow	Capital expend.	Free cash flow	Total assets	Total liabilities	Total debt	Stockholders' equity	ROE %	Debt / equity
12/31/25	44,556	7,746	6,704	15.0	17.74	1.72	7,818	1,525	6,293	110,343	56,928d	39,172	53,407	12.6	0.73
12/31/24	42,879	7,337	6,335	14.8	16.53	1.56	8,667	1,400	7,267	97,321	47,770d	31,072	49,584	12.8	0.63
12/31/23	42,857	6,859	5,995	14.0	15.45	1.40	8,406	1,479	6,927	98,726	52,002d	34,727	46,735	12.8	0.74
12/31/22	44,915	8,393	6,950	15.5	17.63	1.20	9,154	2,243	6,911	97,154	53,122d	34,278	43,978	15.8	0.78
12/31/21	39,211	10,028	7,725	19.7	19.46	1.04	9,312	2,523	6,789	95,123	54,268d	34,670	40,793	18.9	0.85
12/31/20	32,218	7,794	6,375	19.8	15.96	0.88	8,289	1,474	6,815	69,052	34,535d	21,728	34,507	18.5	0.63
12/31/19	25,542	4,594	3,696	14.5	9.17	0.76	4,973	926	4,047	58,381	28,697d	17,752	29,675	12.5	0.60
12/31/18	24,358	3,783	2,938	12.1	7.24	0.68	4,543	758	3,785	56,232	28,638d	19,683	27,586	10.7	0.71
12/31/17	20,918	2,960	2,225	10.6	5.59	0.60	4,005	508	3,497	56,669	31,256d	21,968	25,413	8.8	0.86
12/31/16	18,274	2,458	2,022	11.1	5.09	0.60	3,258	444	2,814	45,908	24,368d	17,580	21,540	9.4	0.82

Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.

REGISTRANT:

THERMO FISHER SCIENTIFIC INC.
CIK 97745 · EIN 04-2209186

PRINCIPAL OFFICE:

168 Third Avenue, Waltham, MA 02451
Tel.: 7816221000

INCORPORATED:

Delaware

INDUSTRY (SEC SIC CODE):

3829 · Measuring & Controlling Devices, NEC

FILER STATUS:

Large accelerated filer

LATEST ANNUAL REPORT:

10-K for period ended 12/31/25, filed 26 February 2026

FORMER NAMES:

THERMO ELECTRON CORP

RECENT FILINGS (ANNUAL REPORT REFERENCES BELOW):

7/31/26	10-Q	period 6/27/26
7/23/26	8-K	period 7/23/26
5/26/26	8-K	period 5/20/26
5/1/26	10-Q	period 3/28/26
4/23/26	8-K	period 4/23/26
4/7/26	DEF 14A	period 5/20/26
3/24/26	8-K	period 3/24/26
2/26/26	10-K	period 12/31/25

Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 2/26/26) · 10-K FY2024 (filed 2/20/25) · 10-K FY2023 (filed 2/22/24) · 10-K FY2022 (filed 2/23/23) · 10-K FY2021 (filed 2/24/22) · 10-K FY2020 (filed 2/25/21) · 10-K FY2019 (filed 2/26/20) · 10-K FY2018 (filed 2/27/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.