A leading provider of life-science-related equipment and services to pharmaceutical, biotech, and government entities, Thermo Fisher Scientific rode a wave of demand in the second year of the pandemic: Among other things, companies making COVID vaccines and treatments continue to rely on its lab equipment. Revenue and profits each grew more than 20% in 2021.
Eric Lalmand—Belga/AFP/Getty Images

Company Information

As of 2/1/2023
Country
U.S.
Headquarters
Waltham, Mass.
Industry
Medical Products and Equipment
CEO
Marc N. Casper
Company Type
Public
Ticker
TMO
Revenues ($M)
$44,915
Profits ($M)
$6,950
Market Value ($M)
$232,831
Employees
129,000
Figures are for fiscal year ended Dec. 31, 2022. Market value as of Jan. 20, 2023. Sources: Bloomberg; S&P Global.

Key Financials (Last Fiscal Year)

$ millions
% change
Revenues ($M)
$39,211
21.7%
Profits ($M)
$7,725
21.2%
Assets ($M)
$95,123
-
Total Stockholder Equity ($M)
$40,793
-

Profit Ratios

Profit as % of Revenues
19.7%
Profits as % of Assets
8.1%
Profits as % of Stockholder Equity
18.9%

Earnings Per Share (Last Fiscal Year)

Earnings Per Share ($)
1,946
EPS % Change (from 2020)
21.9%
EPS % Change (5 year annual rate)
30.8%
EPS % Change (10 year annual rate)
18.9%

Total Return

Total Return to Investors (2021)
43.5%
Total Return to Investors (5 year, annualized)
36.8%
Total Return to Investors (10 year, annualized)
31.5%

Thermo Fisher Scientific Rank History

Historical Data

YearRevenues ($M)Profits ($M)Assets ($M)Total Stockholder Equity ($M)
2021$32,21826.1%$6,37572.5%$69,052$34,507
2020$25,5424.9%$3,69625.8%$58,381$29,675
2019$24,35816.4%$2,93832.0%$56,232$27,586
2018$20,91814.5%$2,22510.1%$56,669$25,413
2017$18,2747.7%$2,021.82.3%$45,908$21,539
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