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. See TMO free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.
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. For the full cash flow conversion analysis, see TMO cash flow conversion.
Annual Cash Flow Reinvestment Rate for Thermo Fisher Scientific Inc (1989–2024)
Year-by-year capital reinvestment analysis for Thermo Fisher Scientific Inc. See Thermo Fisher Scientific Inc (TMO) flexibility index to measure the company's free cash flow as a share of total liabilities.
| 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 | — |