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). Check tangible equity quality of Thermo Fisher Scientific Inc to evaluate the tangible quality of the company's equity base.
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. For the full cash flow conversion analysis, see cash flow conversion of Thermo Fisher Scientific Inc.
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. See cash generation quality of Thermo Fisher Scientific Inc to measure how efficiently the company converts operating cash flow to free cash.
| 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 | — |