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Thermo Fisher Scientific Valuation Multiples

Discover revenue and EBITDA valuation multiples for Thermo Fisher Scientific and similar Laboratory Services companies like Sonic Healthcare, Integral Diagnostics, and Healius.

Thermo Fisher Scientific Overview

About Thermo Fisher Scientific

Thermo Fisher Scientific sells scientific instruments and laboratory equipment, diagnostics consumables, and life science reagents. The firm operates through four segments as of mid-2024 (revenue figures include some cross-segment revenue): analytical technologies (17% of sales); specialty diagnostic products (11%); life science solutions (22%); and lab products and services, which includes CRO services (54%).


Founded

1956

HQ

United States of America
Employees

125K+

Financials

LTM Revenue $43.0B

LTM EBITDA $10.9B

EV

$227B

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Thermo Fisher Scientific Financials

Thermo Fisher Scientific has a last 12-month revenue of $43.0B and a last 12-month EBITDA of $10.9B.

In the most recent fiscal year, Thermo Fisher Scientific achieved revenue of $42.9B and an EBITDA of $11.5B.

Thermo Fisher Scientific expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

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Thermo Fisher Scientific P&L

FY 2022 FY 2023 FY 2024 LTM NTM
Revenue $44.9B $42.9B $42.9B $43.0B XXX
Gross Profit $19.0B $17.1B $17.7B XXX XXX
Gross Margin 42% 40% 41% XXX XXX
EBITDA $11.9B $11.1B $11.5B $10.9B XXX
EBITDA Margin 27% 26% 27% 25% XXX
Net Profit $7.0B $6.0B $6.3B XXX XXX
Net Margin 15% 14% 15% XXX XXX
Net Debt $26.0B $26.8B $27.3B XXX XXX

Financial data powered by Morningstar, Inc.

Thermo Fisher Scientific Stock Performance

As of February 21, 2025, Thermo Fisher Scientific's stock price is $533.

Thermo Fisher Scientific has current market cap of $201B, and EV of $227B.

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Thermo Fisher Scientific Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$227B $201B XXX XXX XXX XXX $22.07

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Thermo Fisher Scientific Valuation Multiples

As of February 21, 2025, Thermo Fisher Scientific has market cap of $201B and EV of $227B.

Thermo Fisher Scientific's trades at 5.3x LTM EV/Revenue multiple, and 20.7x LTM EBITDA.

Analysts estimate Thermo Fisher Scientific's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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Thermo Fisher Scientific Financial Valuation Multiples

FY 2024 FY 2025E FY 2026E FY 2027E
EV $227B XXX XXX XXX
EV/Revenue 5.3x XXX XXX XXX
EV/EBITDA 19.6x XXX XXX XXX
P/E 31.7x XXX XXX XXX
P/E/Growth 1.4x XXX XXX XXX
EV/FCF 31.2x XXX XXX XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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Thermo Fisher Scientific Valuation Multiples

Thermo Fisher Scientific's NTM/LTM revenue growth is 3%

Thermo Fisher Scientific's revenue per employee for the last fiscal year averaged $0.3M, while opex per employee averaged $0.1M for the same period.

Over next 12 months, Thermo Fisher Scientific's ratio of sales and marketing spend to revenue is estimated to be  XXX , while its R&D spend to revenue to be  XXX .

Analysts estimate Thermo Fisher Scientific's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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Thermo Fisher Scientific Operational Valuation Multiples

FY 2024 NTM FY 2025E FY 2026E FY 2027E
Revenue Growth 0% XXX XXX XXX XXX
EBITDA Margin 27% XXX XXX XXX XXX
EBITDA Growth 4% XXX XXX XXX XXX
Rule of 40 (SaaS-only) 30% XXX XXX XXX XXX
Revenue per Employee $0.3M XXX XXX XXX XXX
Opex per Employee $0.1M XXX XXX XXX XXX
S&M Expenses to Revenue n/a XXX XXX XXX XXX
G&A Expenses to Revenue n/a XXX XXX XXX XXX
R&D Expenses to Revenue 3% XXX XXX XXX XXX
Opex to Revenue 23% XXX XXX XXX XXX

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Thermo Fisher Scientific Public Comps

See public comps and valuation multiples for Laboratory Services and Medical Devices comps
EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
Australian Clinical Labs XXX XXX XXX XXX XXX XXX
Healius XXX XXX XXX XXX XXX XXX
Integral Diagnostics XXX XXX XXX XXX XXX XXX
Sonic Healthcare XXX XXX XXX XXX XXX XXX
Bangkok Dusit Medical Services XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX

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Thermo Fisher Scientific M&A and Investment Activity

Thermo Fisher Scientific acquired  XXX companies to date.

Last acquisition by Thermo Fisher Scientific was  XXXXXXXX, XXXXX XXXXX XXXXXX . Thermo Fisher Scientific acquired  XXXXXXXX for  XXX (EV/Revenue multiple of  XXX ).

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Latest Acquisitions by Thermo Fisher Scientific

Acquired Company EV EV/Revenue EV/EBITDA
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX

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About Thermo Fisher Scientific

When was Thermo Fisher Scientific founded? Thermo Fisher Scientific was founded in 1956.
Where is Thermo Fisher Scientific headquartered? Thermo Fisher Scientific is headquartered in United States of America.
How many employees does Thermo Fisher Scientific have? As of today, Thermo Fisher Scientific has 125K+ employees.
Who is the CEO of Thermo Fisher Scientific? Thermo Fisher Scientific's CEO is Mr. Marc N. Casper.
Is Thermo Fisher Scientific publicy listed? Yes, Thermo Fisher Scientific is a public company listed on NYS.
What is the stock symbol of Thermo Fisher Scientific? Thermo Fisher Scientific trades under TMO ticker.
When did Thermo Fisher Scientific go public? Thermo Fisher Scientific went public in 1980.
Who are competitors of Thermo Fisher Scientific? Similar companies to Thermo Fisher Scientific include e.g. Australian Clinical Labs, Healius, Integral Diagnostics, Sonic Healthcare.
What is the current market cap of Thermo Fisher Scientific? Thermo Fisher Scientific's current market cap is $201B
What is the current revenue of Thermo Fisher Scientific? Thermo Fisher Scientific's last 12-month revenue is $43.0B.
What is the current EBITDA of Thermo Fisher Scientific? Thermo Fisher Scientific's last 12-month EBITDA is $10.9B.
What is the current EV/Revenue multiple of Thermo Fisher Scientific? Current revenue multiple of Thermo Fisher Scientific is 5.3x.
What is the current EV/EBITDA multiple of Thermo Fisher Scientific? Current EBITDA multiple of Thermo Fisher Scientific is 20.7x.
What is the current revenue growth of Thermo Fisher Scientific? Thermo Fisher Scientific revenue growth between 2023 and 2024 was 0%.
Is Thermo Fisher Scientific profitable? Yes, Thermo Fisher Scientific is EBITDA-positive (as of the last 12 months).

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