Thermo Fisher Scientific Inc (TMO) — Capital Reinvestment Ratio
Latest as of September 2025:
0.18x
Thermo Fisher Scientific Inc (TMO) has a Capital Reinvestment Ratio of 0.18x as of September 2025, meaning it reinvests 0% of its operating cash flow ($2.24 Billion) in capital expenditures ($404.00 Million). See Thermo Fisher Scientific Inc free cash flow ratio to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
0.18x
Capex / Operating Cash Flow
Operating Cash Flow
$2.24 Billion
USD
Capital Expenditures
$404.00 Million
USD
Data as of
Sep 2025
Most recent filing
Thermo Fisher Scientific Inc Capital Reinvestment Ratio (1989–2024)
This chart tracks Thermo Fisher Scientific Inc's Capital Reinvestment Ratio across 36 annual periods.
Annual Capital Reinvestment Ratio for Thermo Fisher Scientific Inc (1989–2024)
Year-by-year Capital Reinvestment Ratio for Thermo Fisher Scientific Inc from 1989 to 2024. For live market cap and broader valuation context, see how much is Thermo Fisher Scientific Inc worth.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2024 | 0.16x | $8.67 Billion | $1.40 Billion | ▼ -8.2% |
| 2023 | 0.18x | $8.41 Billion | $1.48 Billion | ▼ -28.2% |
| 2022 | 0.25x | $9.15 Billion | $2.24 Billion | ▼ -7.3% |
| 2021 | 0.26x | $9.54 Billion | $2.52 Billion | ▲ +48.7% |
| 2020 | 0.18x | $8.29 Billion | $1.47 Billion | ▼ -4.5% |
| 2019 | 0.19x | $4.97 Billion | $926.00 Million | ▲ +11.6% |
| 2018 | 0.17x | $4.54 Billion | $758.00 Million | ▲ +31.5% |
| 2017 | 0.13x | $4.00 Billion | $508.00 Million | ▼ -9.9% |
| 2016 | 0.14x | $3.16 Billion | $444.40 Million | ▼ -6.2% |
| 2015 | 0.15x | $2.82 Billion | $422.90 Million | ▼ -8.0% |
| 2014 | 0.16x | $2.62 Billion | $427.60 Million | ▲ +16.2% |
| 2013 | 0.14x | $2.01 Billion | $282.40 Million | ▼ -9.1% |
| 2012 | 0.15x | $2.04 Billion | $315.10 Million | ▼ -2.0% |
| 2011 | 0.16x | $1.69 Billion | $266.50 Million | ▼ -11.1% |
| 2010 | 0.18x | $1.50 Billion | $265.50 Million | ▲ +41.7% |
| 2009 | 0.13x | $1.66 Billion | $207.50 Million | ▼ -32.8% |
| 2008 | 0.19x | $1.42 Billion | $264.40 Million | ▲ +57.4% |
| 2007 | 0.12x | $1.48 Billion | $175.50 Million | ▼ -37.5% |
| 2006 | 0.19x | $405.65 Million | $76.80 Million | ▲ +17.8% |
| 2005 | 0.16x | $270.91 Million | $43.55 Million | ▼ -14.9% |
| 2004 | 0.19x | $264.51 Million | $49.98 Million | ▼ -11.2% |
| 2003 | 0.21x | $216.72 Million | $46.14 Million | ▼ -57.2% |
| 2002 | 0.50x | $102.89 Million | $51.21 Million | ▲ +10.6% |
| 2001 | 0.45x | $188.40 Million | $84.80 Million | ▲ +21.5% |
| 2000 | 0.37x | $199.92 Million | $74.04 Million | ▼ -74.4% |
| 1999 | 1.45x | $337.12 Million | $488.00 Million | ▲ +18.5% |
| 1998 | 1.22x | $328.50 Million | $401.20 Million | ▼ -65.8% |
| 1997 | 3.57x | $269.00 Million | $960.70 Million | ▲ +544.0% |
| 1996 | 0.55x | $224.50 Million | $124.50 Million | ▲ +71.6% |
| 1995 | 0.32x | $194.60 Million | $62.90 Million | ▲ +9.6% |
| 1994 | 0.29x | $204.20 Million | $60.20 Million | ▼ -34.0% |
| 1993 | 0.45x | $126.70 Million | $56.60 Million | ▼ -59.1% |
| 1992 | 1.09x | $54.90 Million | $60.00 Million | ▼ -25.0% |
| 1991 | 1.46x | $23.00 Million | $33.50 Million | ▼ -77.4% |
| 1990 | 6.45x | $18.60 Million | $120.00 Million | ▲ +541.1% |
| 1989 | 1.01x | $47.60 Million | $47.90 Million | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow