Thermo Fisher Scientific Inc (TMO) — Free Cash Flow Generation Index
Thermo Fisher Scientific Inc (TMO) has a Free Cash Flow Generation Index of 0.82x as of September 2025. Free cash flow of $1.83 Billion represents 1% of operating cash flow ($2.24 Billion). Read TMO liabilities breakdown for a breakdown of total debt and financial obligations.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Thermo Fisher Scientific Inc Free Cash Flow Generation Index (1989–2024)
Historical FCF Generation Index trend for Thermo Fisher Scientific Inc across 36 annual periods. Explore Thermo Fisher Scientific Inc capital reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
Annual Free Cash Flow Generation for Thermo Fisher Scientific Inc (1989–2024)
Year-by-year Free Cash Flow Generation Index for Thermo Fisher Scientific Inc. For the full company profile including market capitalisation, see Thermo Fisher Scientific Inc (TMO) market capitalisation.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2024 | 0.84x | $7.27 Billion | $8.67 Billion | $1.40 Billion | ▲ +1.7% |
| 2023 | 0.82x | $6.93 Billion | $8.41 Billion | $1.48 Billion | ▲ +9.2% |
| 2022 | 0.75x | $6.91 Billion | $9.15 Billion | $2.24 Billion | ▲ +2.6% |
| 2021 | 0.74x | $7.02 Billion | $9.54 Billion | $2.52 Billion | ▼ -10.5% |
| 2020 | 0.82x | $6.82 Billion | $8.29 Billion | $1.47 Billion | ▲ +1.0% |
| 2019 | 0.81x | $4.05 Billion | $4.97 Billion | $926.00 Million | ▼ -2.3% |
| 2018 | 0.83x | $3.79 Billion | $4.54 Billion | $758.00 Million | ▼ -4.6% |
| 2017 | 0.87x | $3.50 Billion | $4.00 Billion | $508.00 Million | ▲ +1.6% |
| 2016 | 0.86x | $2.71 Billion | $3.16 Billion | $444.40 Million | ▲ +1.1% |
| 2015 | 0.85x | $2.39 Billion | $2.82 Billion | $422.90 Million | ▲ +1.6% |
| 2014 | 0.84x | $2.19 Billion | $2.62 Billion | $427.60 Million | ▼ -2.7% |
| 2013 | 0.86x | $1.73 Billion | $2.01 Billion | $282.40 Million | ▲ +1.7% |
| 2012 | 0.85x | $1.72 Billion | $2.04 Billion | $315.10 Million | ▲ +0.4% |
| 2011 | 0.84x | $1.42 Billion | $1.69 Billion | $266.50 Million | ▲ +2.4% |
| 2010 | 0.82x | $1.23 Billion | $1.50 Billion | $265.50 Million | ▼ -6.0% |
| 2009 | 0.87x | $1.45 Billion | $1.66 Billion | $207.50 Million | ▲ +7.5% |
| 2008 | 0.81x | $1.16 Billion | $1.42 Billion | $264.40 Million | ▼ -7.7% |
| 2007 | 0.88x | $1.31 Billion | $1.48 Billion | $175.50 Million | ▲ +8.8% |
| 2006 | 0.81x | $328.86 Million | $405.65 Million | $76.80 Million | ▼ -3.4% |
| 2005 | 0.84x | $227.37 Million | $270.91 Million | $43.55 Million | ▲ +3.5% |
| 2004 | 0.81x | $214.53 Million | $264.51 Million | $49.98 Million | ▲ +3.0% |
| 2003 | 0.79x | $170.58 Million | $216.72 Million | $46.14 Million | ▲ +56.7% |
| 2002 | 0.50x | $51.68 Million | $102.89 Million | $51.21 Million | ▼ -8.7% |
| 2001 | 0.55x | $103.60 Million | $188.40 Million | $84.80 Million | ▼ -12.7% |
| 2000 | 0.63x | $125.88 Million | $199.92 Million | $74.04 Million | ▲ +240.7% |
| 1999 | -0.45x | $-150.88 Million | $337.12 Million | $488.00 Million | ▼ -102.2% |
| 1998 | -0.22x | $-72.70 Million | $328.50 Million | $401.20 Million | ▲ +91.4% |
| 1997 | -2.57x | $-691.70 Million | $269.00 Million | $960.70 Million | ▼ -677.3% |
| 1996 | 0.45x | $100.00 Million | $224.50 Million | $124.50 Million | ▼ -34.2% |
| 1995 | 0.68x | $131.70 Million | $194.60 Million | $62.90 Million | ▼ -4.0% |
| 1994 | 0.71x | $144.00 Million | $204.20 Million | $60.20 Million | ▲ +27.5% |
| 1993 | 0.55x | $70.10 Million | $126.70 Million | $56.60 Million | ▲ +695.6% |
| 1992 | -0.09x | $-5.10 Million | $54.90 Million | $60.00 Million | ▲ +79.7% |
| 1991 | -0.46x | $-10.50 Million | $23.00 Million | $33.50 Million | ▲ +91.6% |
| 1990 | -5.45x | $-101.40 Million | $18.60 Million | $120.00 Million | ▼ -86398.9% |
| 1989 | -0.01x | $-300.00K | $47.60 Million | $47.90 Million | — |