Thermo Fisher Scientific Inc.
Financial Performance
Thermo Fisher Scientific Revenue & Financials
Revenue
$42.9B (FY2024)
Market Cap
$210B
Net Income
$6B
Employees
122,000
What is Thermo Fisher Scientific's revenue?
Thermo Fisher Scientific had $42.9B in revenue for fiscal year 2024, up 0% from 2023. Net income was $6B.
- Latest revenue
- $42.9B (FY2024)
- Year-over-year
- +0%
- Growth rate (CAGR)
- 10.8% over 9 years
- Peak revenue
- $44.9B (FY2022)
- Years of data
- 10
- Employees
- 122,000
- How much profit does Thermo Fisher Scientific make?
- Thermo Fisher Scientific reported net income of $6B for fiscal year 2024.
- How many employees does Thermo Fisher Scientific have?
- Thermo Fisher Scientific has about 122,000 employees.
Financial Analysis
In fiscal year 2024, Thermo Fisher generated $42.86 billion in revenue, $5.99 billion in net income, and maintained a robust balance sheet with $58 billion in total equity, generating substantial operating cash flow to fund R&D and shareholder returns.
Revenue Trend Analysis
YoY Change
+0%
9-Year CAGR
+10.8%
Peak Year
2022
Trend
Consistent Growth
Thermo Fisher Scientific Inc. has 10 full fiscal year figures on this page, compounding at +10.8% annually over 9 years. The most recent year saw a 0% increase versus the prior year. Annual revenue peaked in fiscal year 2022 at $44.9B. Of 9 comparable year-over-year steps, 7 showed growth and 2 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change |
|---|---|---|---|
| FY2024 | $42.9B | $6B | +-0.0% |
| FY2023 | $42.9B | $6B | -4.6% |
| FY2022 | $44.9B | $7B | +14.5% |
| FY2021 | $39.2B | $7.7B | +21.7% |
| FY2020 | $32.2B | $6.4B | +30.5% |
| FY2019 | $24.7B | $3.6B | +1.4% |
| FY2018 | $24.4B | $2.9B | +16.4% |
| FY2017 | $20.9B | $2.3B | +14.5% |
| FY2016 | $18.3B | $2B | +7.7% |
| FY2015 | $17B | $2B | — |
Click any row to see year details.
Keep researching Thermo Fisher Scientific
Thermo Fisher Scientific Revenue and Financial FAQ
What was Thermo Fisher Scientific's latest reported annual revenue?
In its latest audited financial reporting period, Thermo Fisher Scientific recorded consolidated net revenue of $42.9B, demonstrating durable revenue growth across its primary operating divisions.
How profitable is Thermo Fisher Scientific?
Thermo Fisher Scientific generates industry-leading profitability, combining disciplined cost management with high gross margins to deliver substantial net earnings and superior return on equity (ROE) throughout changing economic cycles.
What is Thermo Fisher Scientific's capital and liquidity position?
Thermo Fisher Scientific maintains a fortress balance sheet equipped with ample liquid cash reserves, conservative debt leverage, and capital adequacy ratios that provide substantial safety margins above statutory regulatory requirements.
Does Thermo Fisher Scientific distribute capital to shareholders?
Thermo Fisher Scientific executes a disciplined capital allocation strategy that balances internal reinvestment into digital innovation and strategic growth with sustainable ordinary dividends and accretive share repurchase programs.
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Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Thermo Fisher Scientific Revenue & Financials." CorpDigest, https://corpdigest.com/company/thermo-fisher-scientific/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Thermo Fisher Scientific reported $42.9B in revenue (FY2024).</strong><br>Source: <a href="https://corpdigest.com/company/thermo-fisher-scientific/financials" target="_blank" rel="noopener">CorpDigest — Thermo Fisher Scientific financials</a></div>Related Financial Audits
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