Thermo Fisher Scientific Inc (TMO) — Capital Reinvestment Ratio
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 net asset quality index of Thermo Fisher Scientific Inc to measure how much of total assets are equity-financed.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Thermo Fisher Scientific Inc Capital Reinvestment Ratio (1989–2024)
This chart tracks Thermo Fisher Scientific Inc's Capital Reinvestment Ratio across 36 annual periods. Check TMO cash reinvestment to operating cash ratio to assess the company's total reinvestment commitment from operating cash flow.
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 TMO company net 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 | — |