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. Check earnings quality score of Thermo Fisher Scientific Inc to evaluate the quality of earnings relative to operating cash generation.
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. Explore TMO strategic capital deployment ratio to see how much of total assets are deployed in long-term investments.
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 | — |