Thermo Fisher Scientific's Income Statement Analysis: Revenue to Profit Breakdown
Thermo Fisher Scientific's Income Statement Analysis: Revenue to Profit Breakdown
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FY21
Dec 31, 2021
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FY22
Dec 31, 2022
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FY23
Dec 31, 2023
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FY24
Dec 31, 2024
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FY25
Dec 31, 2025
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TTM
Trailing 12M
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Revenue
Total sales generated. |
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$39.21 B | $44.92 B | $42.86 B | $42.88 B | $44.56 B | $45.20 B |
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Cost of Revenue Direct cost of goods/services. |
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$19.58 B | $25.90 B | $25.66 B | $25.15 B | $27.78 B | $27.39 B |
Gross Profit Revenue minus cost of revenue. |
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$19.63 B | $19.01 B | $17.19 B | $17.73 B | $16.78 B | $17.81 B |
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Operating Expense
Costs to run business. |
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$9.32 B | $10.49 B | $9.75 B | $10.07 B | $8.67 B | $9.79 B |
Research and Development Investment in innovation. |
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$1.41 B | $1.47 B | $1.34 B | $1.39 B | $1.40 B | $1.39 B |
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Sales, General and Administrative
Selling and admin costs. |
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$7.91 B | $9.02 B | $8.41 B | $8.68 B | $7.27 B | $7.92 B |
General and Administrative Corporate overhead costs. |
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- | - | - | - | - | - |
Sales and Marketing Customer acquisition costs. |
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- | - | - | - | - | - |
Other Expenses Other operating costs. |
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- | - | - | - | - | $479.00 M |
Operating Income Profit from operations. |
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$10.32 B | $8.53 B | $7.45 B | $7.66 B | $8.11 B | $8.03 B |
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Net Interest Income
Interest income minus expense. |
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-$493.00 M | -$454.00 M | -$612.00 M | -$576.00 M | -$426.00 M | -$448.00 M |
Interest Income Income from investments. |
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$43.00 M | $272.00 M | $879.00 M | $1.08 B | $993.00 M | $1.02 B |
Interest Expense Cost of borrowing. |
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$536.00 M | $726.00 M | $1.49 B | $1.65 B | $1.42 B | $1.47 B |
Non-Operating Income (ex-Int) Income outside core operations. |
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$941.00 M | -$36.00 M | -$343.00 M | -$1.03 B | - | -$623.00 M |
Total Other Income (Net) Net non-operating items. |
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-$1.48 B | -$862.00 M | -$1.21 B | -$667.00 M | -$842.00 M | -$629.00 M |
Income Before Tax Profit before taxes. |
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$8.84 B | $7.66 B | $6.24 B | $7.00 B | $7.27 B | $7.40 B |
Income Tax Expense Taxes on income. |
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$1.11 B | $703.00 M | $284.00 M | $657.00 M | $547.00 M | $522.00 M |
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Net Income
Final profit. |
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$7.73 B | $6.95 B | $6.00 B | $6.34 B | $6.74 B | $6.86 B |
Net Income From Continuing Operations Profit from core business. |
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$7.73 B | $6.96 B | $5.96 B | $6.34 B | $6.72 B | $6.87 B |
Net Income From Discontinued Operations Profit/loss from sold units. |
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- | - | - | - | - | - |
Other Adjustments to Net Income Additional accounting adjustments. |
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- | - | - | - | $34.00 M | $2.00 M |
Net Income Deductions Reductions from net income. |
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- | - | - | - | - | - |
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Earnings Per Share
Company profit allocated to each outstanding share. |
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EPS Earnings per share. Formula: Net Income ÷ Shares |
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$19.61 | $17.73 | $15.53 | $16.58 | $17.77 | $18.22 |
Diluted EPS EPS including dilution. Formula: Net Income ÷ Diluted Shares |
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$19.46 | $17.64 | $15.45 | $16.53 | $17.74 | $18.19 |
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Shares for EPS
Number of shares used to calculate EPS. |
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Weighted Average Shares Outst. Avg shares used for EPS. |
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394.00 M | 392.00 M | 386.00 M | 382.00 M | 376.00 M | 372.00 M |
Diluted Average Shares Outst. Shares including dilution. |
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397.00 M | 394.00 M | 388.00 M | 383.00 M | 377.00 M | 373.00 M |
| Supplemental Items | |||||||
EBIT Earnings before interest and tax. |
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$9.38 B | $8.56 B | $7.79 B | $8.69 B | $8.11 B | $8.66 B |
EBITDA Earnings before interest, tax, D&A. |
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$11.97 B | $11.94 B | $11.20 B | $11.80 B | $10.89 B | $11.16 B |
Depreciation and Amortization Non-cash expense for assets. |
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$2.59 B | $3.38 B | $3.41 B | $3.11 B | $2.78 B | $2.51 B |
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Thermo Fisher Scientific's Assets vs Liabilities & Equity
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