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). Explore TMO capex to operating cash flow ratio to see what proportion of operating cash flow is directed to capital expenditures.
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. For the full cash flow conversion analysis, see cash efficiency ratio of Thermo Fisher Scientific Inc.
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. Check how aggressively does Thermo Fisher Scientific Inc reinvest cash to assess the company's total reinvestment commitment from operating cash flow.
| 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 | — |