Thermo Fisher Scientific Inc (TMO) — Financial Flexibility Index
Thermo Fisher Scientific Inc (TMO) has a Financial Flexibility Index of 0.05x as of September 2025. Free cash flow of $2.64 Billion (operating CF $2.24 Billion minus capex $404.00 Million) represents 0% of total liabilities ($52.00 Billion). Check TMO capital-intensive asset ratio to assess the company's strategic physical and investment asset allocation.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Thermo Fisher Scientific Inc Financial Flexibility Index (1989–2024)
Historical Financial Flexibility Index trend for Thermo Fisher Scientific Inc across 36 annual periods. See TMO net working capital ratio to evaluate short-term liquidity relative to the company's equity base.
Annual Financial Flexibility Index for Thermo Fisher Scientific Inc (1989–2024)
Year-by-year free cash flow to debt coverage for Thermo Fisher Scientific Inc. For the full company profile including market capitalisation, see market cap of Thermo Fisher Scientific Inc.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2024 | 0.21x | $10.07 Billion | $8.67 Billion | $47.65 Billion | ▲ +10.9% |
| 2023 | 0.19x | $9.88 Billion | $8.41 Billion | $51.88 Billion | ▼ -11.4% |
| 2022 | 0.22x | $11.40 Billion | $9.15 Billion | $53.01 Billion | ▼ -3.5% |
| 2021 | 0.22x | $12.07 Billion | $9.54 Billion | $54.15 Billion | ▼ -21.2% |
| 2020 | 0.28x | $9.76 Billion | $8.29 Billion | $34.53 Billion | ▲ +37.6% |
| 2019 | 0.21x | $5.90 Billion | $4.97 Billion | $28.71 Billion | ▲ +11.0% |
| 2018 | 0.19x | $5.30 Billion | $4.54 Billion | $28.65 Billion | ▲ +28.2% |
| 2017 | 0.14x | $4.51 Billion | $4.00 Billion | $31.26 Billion | ▼ -2.3% |
| 2016 | 0.15x | $3.60 Billion | $3.16 Billion | $24.37 Billion | ▼ -11.1% |
| 2015 | 0.17x | $3.24 Billion | $2.82 Billion | $19.48 Billion | ▲ +21.7% |
| 2014 | 0.14x | $3.05 Billion | $2.62 Billion | $22.30 Billion | ▼ -10.6% |
| 2013 | 0.15x | $2.29 Billion | $2.01 Billion | $15.01 Billion | ▼ -22.3% |
| 2012 | 0.20x | $2.35 Billion | $2.04 Billion | $11.98 Billion | ▲ +18.4% |
| 2011 | 0.17x | $1.96 Billion | $1.69 Billion | $11.80 Billion | ▼ -43.3% |
| 2010 | 0.29x | $1.76 Billion | $1.50 Billion | $6.03 Billion | ▼ -3.3% |
| 2009 | 0.30x | $1.87 Billion | $1.66 Billion | $6.17 Billion | ▲ +10.7% |
| 2008 | 0.27x | $1.68 Billion | $1.42 Billion | $6.16 Billion | ▲ +10.7% |
| 2007 | 0.25x | $1.66 Billion | $1.48 Billion | $6.72 Billion | ▲ +276.2% |
| 2006 | 0.07x | $482.45 Million | $405.65 Million | $7.35 Billion | ▼ -69.6% |
| 2005 | 0.22x | $314.46 Million | $270.91 Million | $1.46 Billion | ▼ -37.5% |
| 2004 | 0.35x | $314.50 Million | $264.51 Million | $911.17 Million | ▲ +32.1% |
| 2003 | 0.26x | $262.86 Million | $216.72 Million | $1.01 Billion | ▲ +173.6% |
| 2002 | 0.10x | $154.10 Million | $102.89 Million | $1.61 Billion | ▼ -33.2% |
| 2001 | 0.14x | $273.20 Million | $188.40 Million | $1.91 Billion | ▲ +20.3% |
| 2000 | 0.12x | $273.96 Million | $199.92 Million | $2.30 Billion | ▼ -59.7% |
| 1999 | 0.30x | $825.12 Million | $337.12 Million | $2.80 Billion | ▲ +35.1% |
| 1998 | 0.22x | $729.70 Million | $328.50 Million | $3.34 Billion | ▼ -47.0% |
| 1997 | 0.41x | $1.23 Billion | $269.00 Million | $2.99 Billion | ▲ +210.0% |
| 1996 | 0.13x | $349.00 Million | $224.50 Million | $2.63 Billion | ▲ +0.9% |
| 1995 | 0.13x | $257.50 Million | $194.60 Million | $1.96 Billion | ▼ -15.3% |
| 1994 | 0.16x | $264.40 Million | $204.20 Million | $1.70 Billion | ▲ +12.1% |
| 1993 | 0.14x | $183.30 Million | $126.70 Million | $1.32 Billion | ▲ +32.1% |
| 1992 | 0.10x | $114.90 Million | $54.90 Million | $1.10 Billion | ▲ +9.6% |
| 1991 | 0.10x | $56.50 Million | $23.00 Million | $590.50 Million | ▼ -65.6% |
| 1990 | 0.28x | $138.60 Million | $18.60 Million | $498.40 Million | ▲ +5.2% |
| 1989 | 0.26x | $95.50 Million | $47.60 Million | $361.40 Million | — |