Thermo Financial Statements From 2010 to 2024

Thermo Fisher Balance Sheet		Trends
Current Value Last Year Historical Average  10 Year Trend Total Assets 103.7 B 98.7 B 56.7 B Slightly volatile Short and Long Term Debt Total 36.7 B 34.9 B 19.3 B Slightly volatile Total Current Liabilities 14.7 B 14 B 7.4 B Slightly volatile Total Stockholder Equity 49.1 B 46.7 B 27.2 B Slightly volatile Property Plant And Equipment Net 9.9 B 9.4 B 4.9 B Slightly volatile Net Debt 28.2 B 26.8 B 15.5 B Slightly volatile Retained Earnings 49.7 B 47.4 B 21.3 B Slightly volatile Cash 8.5 B 8.1 B 3.7 B Slightly volatile Non Current Assets Total 77.8 B 74.1 B 43.2 B Slightly volatile Cash And Short Term Investments 8.5 B 8.1 B 3.7 B Slightly volatile Net Receivables 10.1 B 9.7 B 4.8 B Slightly volatile Common Stock Shares Outstanding 272.7 M 388 M 361.7 M Slightly volatile Liabilities And Stockholders Equity 103.7 B 98.7 B 56.7 B Slightly volatile Non Current Liabilities Total 39.8 B 37.9 B 18.4 B Slightly volatile Inventory 5.3 B 5.1 B 3 B Slightly volatile Other Current Assets 1.8 B 1.8 B 1.1 B Slightly volatile Other Stockholder Equity 2 B 2.2 B 7.1 B Pretty Stable Total Liabilities 54.5 B 51.9 B 29.4 B Slightly volatile Total Current Assets 25.8 B 24.6 B 12.6 B Slightly volatile Short Term Debt 3.8 B 3.6 B 2.2 B Slightly volatile Intangible Assets 17.5 B 16.7 B 12.9 B Slightly volatile Accounts Payable 3 B 2.9 B 1.6 B Slightly volatile Property Plant And Equipment Gross 16.3 B 15.5 B 6.1 B Slightly volatile Good Will 46.2 B 44 B 24.8 B Slightly volatile Common Stock Total Equity 352.8 M 507.1 M 398.9 M Slightly volatile Short Term Investments 1.7 M 1.8 M 47.9 M Slightly volatile Common Stock 357.4 M 442 M 394.9 M Slightly volatile Other Liabilities 6.9 B 6.5 B 3.9 B Slightly volatile Other Assets 2.7 B 2.6 B 1.4 B Slightly volatile Long Term Debt 32.9 B 31.3 B 17.4 B Slightly volatile Property Plant Equipment 11.2 B 10.7 B 4.8 B Slightly volatile Warrants 88 M 133.4 M 112.1 M Slightly volatile Long Term Debt Total 34.9 B 33.2 B 17.9 B Slightly volatile Capital Surpluse 14.3 B 19.3 B 13.6 B Slightly volatile Non Current Liabilities Other 6.2 B 4.6 B 5.7 B Slightly volatile Long Term Investments 50.9 M 77 M 50.7 M Slightly volatile Short and Long Term Debt 2.5 B 3.6 B 2.3 B Slightly volatile Cash And Equivalents 10.3 B 9.8 B 3.7 B Slightly volatile Net Invested Capital 61.6 B 81.7 B 51.9 B Slightly volatile Net Working Capital 7.8 B 10.6 B 4.9 B Slightly volatile Capital Stock 481.2 M 442 M 437.5 M Slightly volatile
Thermo Fisher Income Statement		Trends
Current Value Last Year Historical Average  10 Year Trend Depreciation And Amortization 3.6 B 3.4 B 2 B Slightly volatile Total Revenue 45 B 42.9 B 24.3 B Slightly volatile Gross Profit 18.4 B 17.6 B 11.1 B Slightly volatile Other Operating Expenses 37.8 B 36 B 20.1 B Slightly volatile Operating Income 7.2 B 6.9 B 4.2 B Slightly volatile EBITDA 7.2 B 6.9 B 5.8 B Slightly volatile Cost Of Revenue 26.6 B 25.3 B 13.2 B Slightly volatile Total Operating Expenses 11.2 B 10.7 B 6.9 B Slightly volatile Income Before Tax 6.6 B 6.3 B 3.8 B Slightly volatile Net Income 6.3 B 6 B 3.5 B Slightly volatile Selling General Administrative 9 B 8.6 B 5.4 B Slightly volatile Research Development 1.4 B 1.3 B 867.4 M Slightly volatile Net Income Applicable To Common Shares 8.4 B 8 B 3.7 B Slightly volatile Net Income From Continuing Ops 3.5 B 5.9 B 3.3 B Slightly volatile Interest Income 756 M 720 M 290.6 M Slightly volatile Reconciled Depreciation 2.9 B 3.4 B 2.4 B Slightly volatile
Thermo Fisher Cash Flow Statement		Trends
Current Value Last Year Historical Average  10 Year Trend Begin Period Cash Flow 9 B 8.5 B 3.3 B Slightly volatile Depreciation 3.6 B 3.4 B 2 B Slightly volatile Capital Expenditures 1.6 B 1.5 B 911.4 M Slightly volatile Total Cash From Operating Activities 8.8 B 8.4 B 4.8 B Slightly volatile Net Income 6.3 B 6 B 3.4 B Slightly volatile End Period Cash Flow 8.5 B 8.1 B 3.7 B Slightly volatile Dividends Paid 511.8 M 523 M 617.1 M Pretty Stable Change To Liabilities 782.5 M 745.2 M 380.4 M Slightly volatile
Financial Ratios		Trends
Current Value Last Year Historical Average  10 Year Trend Price To Sales Ratio 5.02 4.7807 3.7668 Slightly volatile Dividend Yield 0.0036 0.0026 0.0035 Slightly volatile PTB Ratio 4.6 4.384 3.3958 Slightly volatile Days Sales Outstanding 82.59 82.3053 68.2563 Slightly volatile Book Value Per Share 127 121 70.5923 Slightly volatile Free Cash Flow Yield 0.0188 0.0338 0.0429 Slightly volatile Operating Cash Flow Per Share 22.87 21.7772 12.3645 Slightly volatile Stock Based Compensation To Revenue 0.0051 0.0065 0.0063 Pretty Stable Capex To Depreciation 0.41 0.4342 0.474 Very volatile PB Ratio 4.6 4.384 3.3958 Slightly volatile EV To Sales 5.68 5.4069 4.384 Slightly volatile Free Cash Flow Per Share 18.84 17.9456 10.009 Slightly volatile ROIC 0.042 0.0802 0.0737 Slightly volatile Inventory Turnover 3.38 5.431 4.3331 Pretty Stable Net Income Per Share 16.31 15.5311 8.8844 Slightly volatile Days Of Inventory On Hand 99.47 67.2066 85.1307 Pretty Stable Payables Turnover 7.27 9.6215 8.9216 Slightly volatile Research And Ddevelopement To Revenue 0.0561 0.0312 0.0397 Very volatile Capex To Revenue 0.0559 0.0345 0.0354 Slightly volatile Cash Per Share 21.97 20.9249 9.826 Slightly volatile POCF Ratio 15.26 24.3737 19.3033 Slightly volatile Interest Coverage 6.71 4.9884 7.8066 Slightly volatile Payout Ratio 0.1 0.0872 0.0951 Slightly volatile Capex To Operating Cash Flow 0.17 0.1759 0.1911 Pretty Stable PFCF Ratio 31.06 29.5777 24.9327 Slightly volatile Days Payables Outstanding 47.14 37.9358 42.0873 Slightly volatile Income Quality 1.47 1.4022 1.4853 Slightly volatile ROE 0.0729 0.1283 0.1106 Slightly volatile EV To Operating Cash Flow 24.64 27.5666 23.1642 Slightly volatile PE Ratio 35.88 34.176 28.8494 Slightly volatile Return On Tangible Assets 0.088 0.1576 0.1664 Pretty Stable EV To Free Cash Flow 35.13 33.4524 29.2214 Slightly volatile Earnings Yield 0.0464 0.0293 0.0384 Slightly volatile Intangibles To Total Assets 0.37 0.6147 0.6356 Very volatile Net Debt To EBITDA 1.73 2.4852 2.522 Slightly volatile Current Ratio 2.5 1.7549 1.8948 Pretty Stable Receivables Turnover 4.1 4.4347 5.499 Slightly volatile Graham Number 216 206 117 Slightly volatile Shareholders Equity Per Share 127 121 70.3209 Slightly volatile Debt To Equity 0.67 0.7471 0.6806 Slightly volatile Capex Per Share 4.02 3.8316 2.3548 Slightly volatile Revenue Per Share 117 111 62.9892 Slightly volatile Interest Debt Per Share 98.72 94.0207 51.1348 Slightly volatile Debt To Assets 0.21 0.3537 0.3168 Pretty Stable Enterprise Value Over EBITDA 12.26 21.456 16.9747 Slightly volatile Short Term Coverage Ratios 2.21 2.3292 4.0207 Pretty Stable Price Earnings Ratio 35.88 34.176 28.8494 Slightly volatile Operating Cycle 182 150 153 Slightly volatile Price Book Value Ratio 4.6 4.384 3.3958 Slightly volatile Days Of Payables Outstanding 47.14 37.9358 42.0873 Slightly volatile Dividend Payout Ratio 0.1 0.0872 0.0951 Slightly volatile Price To Operating Cash Flows Ratio 15.26 24.3737 19.3033 Slightly volatile Price To Free Cash Flows Ratio 31.06 29.5777 24.9327 Slightly volatile Pretax Profit Margin 0.08 0.147 0.133 Slightly volatile Ebt Per Ebit 1.26 0.9182 0.8965 Slightly volatile Operating Profit Margin 0.088 0.16 0.1517 Slightly volatile Company Equity Multiplier 2.39 2.1125 2.1128 Pretty Stable Long Term Debt To Capitalization 0.36 0.4012 0.377 Slightly volatile Total Debt To Capitalization 0.4 0.4276 0.4019 Slightly volatile Return On Capital Employed 0.0502 0.081 0.0755 Slightly volatile Debt Equity Ratio 0.67 0.7471 0.6806 Slightly volatile Ebit Per Revenue 0.088 0.16 0.1517 Slightly volatile Quick Ratio 1.96 1.3917 1.4409 Pretty Stable Dividend Paid And Capex Coverage Ratio 2.93 4.1988 4.1431 Pretty Stable Net Income Per E B T 1.0 0.9519 0.9344 Very volatile Cash Ratio 0.62 0.5764 0.5222 Very volatile Cash Conversion Cycle 140 112 112 Slightly volatile Operating Cash Flow Sales Ratio 0.1 0.1961 0.1753 Slightly volatile Days Of Inventory Outstanding 99.47 67.2066 85.1307 Pretty Stable Days Of Sales Outstanding 82.59 82.3053 68.2563 Slightly volatile Free Cash Flow Operating Cash Flow Ratio 0.87 0.8241 0.8116 Pretty Stable Cash Flow Coverage Ratios 0.24 0.2407 0.2406 Slightly volatile Price To Book Ratio 4.6 4.384 3.3958 Slightly volatile Fixed Asset Turnover 4.79 4.5361 5.5639 Slightly volatile Capital Expenditure Coverage Ratio 3.41 5.6836 5.5929 Pretty Stable Price Cash Flow Ratio 15.26 24.3737 19.3033 Slightly volatile Enterprise Value Multiple 12.26 21.456 16.9747 Slightly volatile Debt Ratio 0.21 0.3537 0.3168 Pretty Stable Cash Flow To Debt Ratio 0.24 0.2407 0.2406 Slightly volatile Price Sales Ratio 5.02 4.7807 3.7668 Slightly volatile Return On Assets 0.0348 0.0607 0.053 Slightly volatile Asset Turnover 0.63 0.4341 0.4441 Slightly volatile Net Profit Margin 0.15 0.1399 0.1278 Slightly volatile Gross Profit Margin 0.34 0.3552 0.4488 Pretty Stable Price Fair Value 4.6 4.384 3.3958 Slightly volatile Return On Equity 0.0729 0.1283 0.1106 Slightly volatile
Thermo Fisher Valuation Data		Trends
Current Value Last Year Historical Average  10 Year Trend Market Cap 204 B 194.3 B 199.4 B Slightly volatile Enterprise Value 228.5 B 217.7 B 223.5 B Slightly volatile

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About Thermo Fisher Financial Statements

Pair Trading with Thermo Fisher

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Thermo Fisher position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Thermo Fisher will appreciate offsetting losses from the drop in the long position's value.When determining whether Thermo Fisher Scientific offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Thermo Fisher's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Thermo Fisher Scientific Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Thermo Fisher Scientific Stock:

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