Thermo Fisher Scientific Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $45.00B | $42.86B | $42.87B | $44.92B | $39.22B | $32.21B | $25.54B | $24.36B |
| Life Sciences Solutions | $10.35B | $9.82B | $9.98B | $13.53B | $15.63B | $12.17B | $6.86B | $6.27B |
| Analytical Instruments | $7.82B | $7.41B | $7.26B | $6.62B | $6.07B | $5.12B | $5.52B | $5.44B |
| Specialty Diagnostics | $4.68B | $4.48B | $4.40B | $4.76B | $5.62B | $5.34B | $3.71B | $3.72B |
| Laboratory Products and Services | $22.15B | $21.15B | $21.23B | $20.00B | $11.90B | $9.58B | $9.45B | $8.93B |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | $1.40B | $1.39B | $1.34B | $1.47B | $1.41B | $1.18B | $1.00B | $967.0M |
| SG&A Expense | $8.73B | $8.60B | $8.45B | $8.99B | $8.01B | $6.93B | $6.14B | $6.06B |
| Operating Income | $7.75B | $7.34B | $6.86B | $8.39B | $10.03B | $7.79B | $4.59B | $3.78B |
| Operating Margin | 17.2% | 17.1% | 16.0% | 18.7% | 25.6% | 24.2% | 18.0% | 15.5% |
| Interest Expense | — | — | $1.38B | $726.0M | $536.0M | $553.0M | $676.0M | $667.0M |
| Pretax Income | $7.31B | $7.04B | $6.30B | $7.84B | $8.84B | $7.23B | $4.07B | $3.26B |
| Income Tax Expense | $547.0M | $657.0M | $284.0M | $703.0M | $1.11B | $850.0M | $374.0M | $324.0M |
| Net Income | $6.70B | $6.34B | $6.00B | $6.96B | $7.73B | $6.38B | $3.70B | $2.94B |
| Net Margin | 14.9% | 14.8% | 14.0% | 15.5% | 19.7% | 19.8% | 14.5% | 12.1% |
| EPS (Basic) | $17.77 | $16.58 | $15.52 | $17.75 | $19.62 | $16.09 | $9.24 | $7.31 |
| EPS (Diluted) | $17.74 | $16.53 | $15.45 | $17.63 | $19.46 | $15.96 | $9.17 | $7.24 |
| Shares Outstanding (Basic) | 377.0M | 382.0M | 386.0M | 392.0M | 394.0M | 396.0M | 400.0M | 402.0M |
| Shares Outstanding (Diluted) | 378.0M | 383.0M | 388.0M | 394.0M | 397.0M | 399.0M | 403.0M | 406.0M |
| Dividends Per Share | $1.72 | $1.56 | $1.40 | $1.20 | $1.04 | $0.88 | $0.76 | $0.68 |