Thermo Fisher Scientific Inc (TMO) — Cash Flow Reinvestment Rate
Thermo Fisher Scientific Inc (TMO) has a Cash Flow Reinvestment Rate of 2.02x as of September 2025, reinvesting $4.53 Billion (capex $404.00 Million plus investments $-4.12 Billion) from operating cash flow of $2.24 Billion. Explore Thermo Fisher Scientific Inc capex to cash flow ratio to see what proportion of operating cash flow is directed to capital expenditures.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Thermo Fisher Scientific Inc Cash Flow Reinvestment Rate (1989–2024)
Historical reinvestment intensity for Thermo Fisher Scientific Inc across 36 annual periods. Also explore Thermo Fisher Scientific Inc asset portfolio for the complete picture of this company's asset base.
Annual Cash Flow Reinvestment Rate for Thermo Fisher Scientific Inc (1989–2024)
Year-by-year capital reinvestment analysis for Thermo Fisher Scientific Inc. For live market cap and broader valuation context, see Thermo Fisher Scientific Inc (TMO) total market value.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2024 | 0.84x | $7.24 Billion | $8.67 Billion | $1.40 Billion | ▲ +3.7% |
| 2023 | 0.81x | $6.77 Billion | $8.41 Billion | $1.48 Billion | ▲ +67.5% |
| 2022 | 0.48x | $4.40 Billion | $9.15 Billion | $2.24 Billion | ▼ -81.2% |
| 2021 | 2.56x | $24.45 Billion | $9.54 Billion | $2.52 Billion | ▲ +611.8% |
| 2020 | 0.36x | $2.98 Billion | $8.29 Billion | $1.47 Billion | ▼ -25.8% |
| 2019 | 0.49x | $2.41 Billion | $4.97 Billion | $926.00 Million | ▲ +9.6% |
| 2018 | 0.44x | $2.01 Billion | $4.54 Billion | $758.00 Million | ▲ +234.5% |
| 2017 | 0.13x | $530.00 Million | $4.00 Billion | $508.00 Million | ▼ -20.5% |
| 2016 | 0.17x | $525.60 Million | $3.16 Billion | $444.40 Million | ▲ +7.9% |
| 2015 | 0.15x | $434.90 Million | $2.82 Billion | $422.90 Million | ▼ -21.7% |
| 2014 | 0.20x | $516.20 Million | $2.62 Billion | $427.60 Million | ▲ +36.6% |
| 2013 | 0.14x | $290.00 Million | $2.01 Billion | $282.40 Million | ▼ -7.2% |
| 2012 | 0.16x | $317.00 Million | $2.04 Billion | $315.10 Million | ▼ -16.2% |
| 2011 | 0.19x | $313.60 Million | $1.69 Billion | $266.50 Million | ▲ +4.6% |
| 2010 | 0.18x | $265.50 Million | $1.50 Billion | $265.50 Million | ▲ +40.7% |
| 2009 | 0.13x | $209.00 Million | $1.66 Billion | $207.50 Million | ▼ -32.3% |
| 2008 | 0.19x | $264.40 Million | $1.42 Billion | $264.40 Million | ▲ +57.4% |
| 2007 | 0.12x | $175.50 Million | $1.48 Billion | $175.50 Million | ▼ -37.5% |
| 2006 | 0.19x | $76.80 Million | $405.65 Million | $76.80 Million | ▲ +17.8% |
| 2005 | 0.16x | $43.55 Million | $270.91 Million | $43.55 Million | ▼ -14.9% |
| 2004 | 0.19x | $49.98 Million | $264.51 Million | $49.98 Million | ▼ -11.2% |
| 2003 | 0.21x | $46.14 Million | $216.72 Million | $46.14 Million | ▼ -57.2% |
| 2002 | 0.50x | $51.21 Million | $102.89 Million | $51.21 Million | ▲ +10.6% |
| 2001 | 0.45x | $84.80 Million | $188.40 Million | $84.80 Million | ▲ +21.5% |
| 2000 | 0.37x | $74.04 Million | $199.92 Million | $74.04 Million | ▼ -74.4% |
| 1999 | 1.45x | $488.00 Million | $337.12 Million | $488.00 Million | ▲ +18.5% |
| 1998 | 1.22x | $401.20 Million | $328.50 Million | $401.20 Million | ▼ -65.8% |
| 1997 | 3.57x | $960.70 Million | $269.00 Million | $960.70 Million | ▲ +544.0% |
| 1996 | 0.55x | $124.50 Million | $224.50 Million | $124.50 Million | ▲ +71.6% |
| 1995 | 0.32x | $62.90 Million | $194.60 Million | $62.90 Million | ▲ +9.6% |
| 1994 | 0.29x | $60.20 Million | $204.20 Million | $60.20 Million | ▼ -34.0% |
| 1993 | 0.45x | $56.60 Million | $126.70 Million | $56.60 Million | ▼ -59.1% |
| 1992 | 1.09x | $60.00 Million | $54.90 Million | $60.00 Million | ▼ -25.0% |
| 1991 | 1.46x | $33.50 Million | $23.00 Million | $33.50 Million | ▼ -77.4% |
| 1990 | 6.45x | $120.00 Million | $18.60 Million | $120.00 Million | ▲ +541.1% |
| 1989 | 1.01x | $47.90 Million | $47.60 Million | $47.90 Million | — |