Thermo Financial Statements From 2010 to 2026

Thermo Fisher Balance Sheet		Trends
Current Value Last Year Historical Average  10 Year Trend Total Assets 115.9 B 110.3 B 63 B Slightly volatile Short and Long Term Debt Total 41.4 B 39.4 B 21.9 B Slightly volatile Other Current Liabilities 12.2 B 11.7 B 3.8 B Slightly volatile Total Current Liabilities 15.9 B 15.2 B 8.3 B Slightly volatile Total Stockholder Equity 56.1 B 53.4 B 30.5 B Slightly volatile Property Plant And Equipment Net 11.1 B 10.6 B 5.7 B Slightly volatile Net Debt 31 B 29.5 B 17.6 B Slightly volatile Retained Earnings 64.1 B 61.1 B 26.3 B Slightly volatile Cash 10.3 B 9.9 B 4.2 B Slightly volatile Non Current Assets Total 85.7 B 81.6 B 48.6 B Slightly volatile Non Currrent Assets Other 6.2 B 5.9 B 1.9 B Slightly volatile Cash And Short Term Investments 10.6 B 10.1 B 4.3 B Slightly volatile Net Receivables 9.3 B 8.9 B 5.3 B Slightly volatile Common Stock Shares Outstanding 279.8 M 377 M 364.3 M Slightly volatile Liabilities And Stockholders Equity 115.9 B 110.3 B 63 B Slightly volatile Non Current Liabilities Total 43.7 B 41.6 B 24.1 B Slightly volatile Inventory 5.7 B 5.4 B 3.3 B Slightly volatile Other Current Assets 4.5 B 4.3 B 1.5 B Slightly volatile Total Liabilities 59.6 B 56.8 B 32.4 B Slightly volatile Total Current Assets 30.1 B 28.7 B 14.3 B Slightly volatile Short Term Debt 3.7 B 3.5 B 2.2 B Slightly volatile Intangible Assets 16.6 B 15.8 B 13.2 B Slightly volatile Accounts Payable 3.7 B 3.5 B 1.8 B Slightly volatile Property Plant And Equipment Gross 19.4 B 18.5 B 7.6 B Slightly volatile Good Will 51.8 B 49.4 B 27.8 B Slightly volatile Common Stock Total Equity 352.8 M 507.1 M 403.9 M Slightly volatile Common Stock 361.8 M 510.6 M 404.8 M Slightly volatile Other Liabilities 6.9 B 6.5 B 4.1 B Slightly volatile Other Assets 6.2 B 5.9 B 1.9 B Slightly volatile Long Term Debt 37.6 B 35.9 B 19.5 B Slightly volatile Property Plant Equipment 11.1 B 10.6 B 5.5 B Slightly volatile Warrants 88 M 133.4 M 112.5 M Slightly volatile Long Term Debt Total 19.7 B 35.9 B 18.6 B Slightly volatile Capital Surpluse 15 B 20.7 B 14.2 B Slightly volatile Non Current Liabilities Other 6.1 B 4.6 B 5.6 B Slightly volatile Long Term Investments 50.9 M 77 M 52.6 M Slightly volatile Short and Long Term Debt 2.5 B 2.5 B 2.3 B Slightly volatile Cash And Equivalents 5.7 B 9.9 B 3.7 B Slightly volatile Net Invested Capital 65 B 93 B 56.2 B Slightly volatile Net Working Capital 8.1 B 10.1 B 5.5 B Slightly volatile Capital Stock 482.3 M 510.6 M 442.2 M Slightly volatile
Thermo Fisher Income Statement		Trends
Current Value Last Year Historical Average  10 Year Trend Depreciation And Amortization 2.9 B 2.8 B 2.1 B Slightly volatile Total Revenue 46.8 B 44.6 B 26.7 B Slightly volatile Gross Profit 17.6 B 16.8 B 11.6 B Slightly volatile Other Operating Expenses 38.3 B 36.4 B 21.9 B Slightly volatile Operating Income 8.5 B 8.1 B 4.8 B Slightly volatile EBIT 8.5 B 8.1 B 4.8 B Slightly volatile EBITDA 11.4 B 10.9 B 6.7 B Slightly volatile Cost Of Revenue 29.2 B 27.8 B 15.1 B Slightly volatile Total Operating Expenses 9.1 B 8.7 B 6.8 B Slightly volatile Income Before Tax 7.6 B 7.3 B 4.2 B Slightly volatile Net Income 7.1 B 6.7 B 3.9 B Slightly volatile Selling General Administrative 3.7 B 7.3 B 5.4 B Slightly volatile Research Development 1.5 B 1.4 B 933 M Slightly volatile Net Income Applicable To Common Shares 7 B 6.7 B 3.9 B Slightly volatile Net Income From Continuing Ops 3.7 B 7.3 B 3.7 B Slightly volatile Interest Income 378.2 M 426 M 322.6 M Slightly volatile Reconciled Depreciation 2.9 B 3.6 B 2.5 B Slightly volatile
Thermo Fisher Cash Flow Statement		Trends
Current Value Last Year Historical Average  10 Year Trend Begin Period Cash Flow 4.2 B 4 B 3.3 B Slightly volatile Depreciation 2.9 B 2.8 B 2.1 B Slightly volatile Capital Expenditures 1.6 B 1.5 B 979.1 M Slightly volatile Total Cash From Operating Activities 8.2 B 7.8 B 5.2 B Slightly volatile Net Income 7.1 B 6.7 B 3.9 B Slightly volatile End Period Cash Flow 10.4 B 9.9 B 4.2 B Slightly volatile Dividends Paid 509.1 M 636 M 616.1 M Pretty Stable Change To Liabilities 782.5 M 745.2 M 411.9 M Slightly volatile
Financial Ratios		Trends
Current Value Last Year Historical Average  10 Year Trend Price To Sales Ratio 5.13 4.8899 3.846 Slightly volatile Dividend Yield 0.0028 0.0029 0.0034 Slightly volatile PTB Ratio 4.28 4.0789 3.4333 Slightly volatile Days Sales Outstanding 82.7 72.9083 69.8356 Slightly volatile Book Value Per Share 150 142 79.1044 Slightly volatile Operating Cash Flow Per Share 21.83 20.7926 13.383 Slightly volatile Stock Based Compensation To Revenue 0.0051 0.0063 0.0064 Pretty Stable Capex To Depreciation 0.52 0.5486 0.6268 Slightly volatile PB Ratio 4.28 4.0789 3.4333 Slightly volatile EV To Sales 5.83 5.5527 4.468 Slightly volatile ROIC 0.0395 0.076 0.0688 Slightly volatile Inventory Turnover 3.42 5.1204 4.5882 Slightly volatile Net Income Per Share 18.81 17.9176 9.9854 Slightly volatile Days Of Inventory On Hand 98.42 71.2839 80.3947 Slightly volatile Payables Turnover 7.26 7.35 8.858 Slightly volatile Research And Ddevelopement To Revenue 0.0548 0.0314 0.0385 Pretty Stable Capex To Revenue 0.0549 0.0342 0.0373 Pretty Stable Cash Per Share 28.22 26.875 11.3305 Slightly volatile POCF Ratio 15.59 27.8682 19.8258 Slightly volatile Interest Coverage 9.98 5.7146 8.8066 Pretty Stable Payout Ratio 0.0991 0.0944 0.0948 Pretty Stable Capex To Operating Cash Flow 0.19 0.1951 0.2237 Slightly volatile Days Payables Outstanding 47.19 51.39 42.3838 Slightly volatile Income Quality 1.22 1.1632 1.4613 Slightly volatile ROE 0.0743 0.1261 0.113 Slightly volatile EV To Operating Cash Flow 18.31 31.6457 23.2611 Slightly volatile PE Ratio 33.96 32.3398 28.7851 Slightly volatile Return On Tangible Assets 0.088 0.1492 0.1666 Pretty Stable Earnings Yield 0.0457 0.0309 0.0383 Slightly volatile Intangibles To Total Assets 0.37 0.5909 0.6293 Very volatile Net Debt To EBITDA 1.78 2.7122 2.5356 Pretty Stable Current Ratio 2.46 1.89 1.8369 Very volatile Receivables Turnover 4.09 5.0063 5.3865 Slightly volatile Graham Number 251 239 132 Slightly volatile Shareholders Equity Per Share 149 142 78.9812 Slightly volatile Debt To Equity 0.68 0.7373 0.6751 Slightly volatile Capex Per Share 4.26 4.0559 2.5612 Slightly volatile Revenue Per Share 124 118 69.2517 Slightly volatile Interest Debt Per Share 114 109 58.3301 Slightly volatile Debt To Assets 0.22 0.3569 0.3221 Slightly volatile Enterprise Value Over EBITDA 12.55 22.7207 17.6376 Slightly volatile Short Term Coverage Ratios 2.1 2.2129 3.6841 Pretty Stable Price Earnings Ratio 33.96 32.3398 28.7851 Slightly volatile Operating Cycle 181 144 150 Slightly volatile Price Book Value Ratio 4.28 4.0789 3.4333 Slightly volatile Days Of Payables Outstanding 47.19 51.39 42.3838 Slightly volatile Dividend Payout Ratio 0.0991 0.0944 0.0948 Pretty Stable Price To Operating Cash Flows Ratio 15.59 27.8682 19.8258 Slightly volatile Pretax Profit Margin 0.088 0.1631 0.1342 Slightly volatile Ebt Per Ebit 1.22 0.8962 0.9493 Pretty Stable Operating Profit Margin 0.19 0.182 0.1623 Slightly volatile Company Equity Multiplier 2.39 2.0658 2.0629 Slightly volatile Long Term Debt To Capitalization 0.37 0.4016 0.3717 Slightly volatile Total Debt To Capitalization 0.4 0.4244 0.3995 Slightly volatile Return On Capital Employed 0.0528 0.0852 0.0781 Slightly volatile Debt Equity Ratio 0.68 0.7373 0.6751 Slightly volatile Ebit Per Revenue 0.19 0.182 0.1623 Slightly volatile Quick Ratio 1.94 1.5328 1.391 Very volatile Dividend Paid And Capex Coverage Ratio 2.9 3.6178 4.0506 Pretty Stable Net Income Per E B T 0.97 0.9271 0.9388 Pretty Stable Cash Ratio 0.61 0.6486 0.5007 Very volatile Cash Conversion Cycle 140 144 114 Slightly volatile Operating Cash Flow Sales Ratio 0.1 0.1755 0.1758 Slightly volatile Days Of Inventory Outstanding 98.42 71.2839 80.3947 Slightly volatile Days Of Sales Outstanding 82.7 72.9083 69.8356 Slightly volatile Cash Flow Coverage Ratios 0.24 0.1985 0.2394 Pretty Stable Price To Book Ratio 4.28 4.0789 3.4333 Slightly volatile Fixed Asset Turnover 6.48 4.2173 5.6497 Slightly volatile Capital Expenditure Coverage Ratio 3.47 5.1266 5.531 Pretty Stable Price Cash Flow Ratio 15.59 27.8682 19.8258 Slightly volatile Enterprise Value Multiple 12.55 22.7207 17.6376 Slightly volatile Debt Ratio 0.22 0.3569 0.3221 Slightly volatile Cash Flow To Debt Ratio 0.24 0.1985 0.2394 Pretty Stable Price Sales Ratio 5.13 4.8899 3.846 Slightly volatile Return On Assets 0.0356 0.0611 0.055 Slightly volatile Asset Turnover 0.62 0.4038 0.4817 Slightly volatile Net Profit Margin 0.16 0.1512 0.1294 Slightly volatile Gross Profit Margin 0.34 0.3766 0.4312 Pretty Stable Price Fair Value 4.28 4.0789 3.4333 Slightly volatile Return On Equity 0.0743 0.1261 0.113 Slightly volatile
Thermo Fisher Valuation Data		Trends
Current Value Last Year Historical Average  10 Year Trend Market Cap 205.9 B 196.1 B 201.7 B Slightly volatile Enterprise Value 233.8 B 222.7 B 227.9 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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