OverviewSuggest Edit

Thermo Fisher Scientific is a global provider of laboratory products and services, life science solutions, analytical instruments, and specialty diagnostics. It operates through 4 segments: Life Sciences Solutions, Analytical Instruments, Specialty Diagnostics, and Laboratory Products and Services. The Life Sciences Solutions segment offers reagents, instruments, and consumables used in biological and medical research, discovery and production of new drugs and vaccines as well as diagnosis of disease. The Analytical Instruments segment provides instruments, consumables, software, and services that are used for a range of applications in the laboratory, on the production line, and in the field. The Specialty Diagnostics segment delivers diagnostic test kits, reagents, culture media, instruments, and associated products. The Laboratory Products and Services segment offers self-manufactured and sourced products as well as outsourced services used by the pharmaceutical and biotech industries for drug development, clinical trial logistics, and commercial drug manufacturing.
TypePublic
Founded1956
HQWaltham, MA, US
Websitethermofisher.com
Employee Ratings3.8
Overall CultureB+

Latest Updates

Employees (est.) (Dec 2021)130,000(+63%)
Job Openings4,485
Revenue (FY, 2021)$39.2 B(+22%)
Share Price (May 2022)$541.4(+3%)
Cybersecurity ratingCMore
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Key People/Management at Thermo Fisher Scientific

Marc N. Casper

Marc N. Casper

Chairman, President and Chief Executive Officer
Rafael Tejada

Rafael Tejada

Vice President, Investor Relations
Konrad Bauer

Konrad Bauer

Senior Vice President, Global Business Services
Michael A. Boxer

Michael A. Boxer

Senior Vice President, General Counsel and Secretary
Lisa P. Britt

Lisa P. Britt

Senior Vice President, Chief Human Resources Officer
Tom Grover

Tom Grover

Vice President, Financial Operations
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Thermo Fisher Scientific Office Locations

Thermo Fisher Scientific has offices in Waltham, Agawam, Allentown, Ann Arbor and in 364 other locations
Waltham, MA, US (HQ)
168 3rd Ave
Agawam, MA, US
325 Bowles Rd
Allentown, PA, US
7554 Schantz Rd
Ann Arbor, MI, US
110 Miller Ave
Asheville, NC, US
275 Aiken Rd
Auburn, AL, US
2039 McMillan St
Show all (458)

Thermo Fisher Scientific Financials and Metrics

Thermo Fisher Scientific Revenue

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Thermo Fisher Scientific's revenue was reported to be $39.21 b in FY, 2021 which is a 21.7% increase from the previous period.
USD

Revenue (FY, 2021)

39.2b

Revenue growth (FY, 2020 - FY, 2021), %

21.7%

Gross profit (FY, 2021)

19.6b

Gross profit margin (FY, 2021), %

50.1%

Net income (FY, 2021)

7.7b

EBIT (FY, 2021)

10.0b

Market capitalization (13-May-2022)

213.3b

Closing stock price (13-May-2022)

541.4

Cash (31-Dec-2021)

4.5b

EV

243.7b
Thermo Fisher Scientific's current market capitalization is $213.3 b.
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Revenue

24.4b25.5b32.2b39.2b

Revenue growth, %

16%5%26%22%

Cost of goods sold

13.5b14.2b15.7b19.6b

Gross profit

10.9b11.3b16.5b19.6b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

6.1b6.3b6.3b6.2b6.9b8.5b9.9b9.3b9.3b

Cost of goods sold

2.4b3.5b3.5b3.5b3.4b4.2b4.7b4.7b4.7b

Gross profit

3.7b2.8b2.8b2.7b3.5b4.3b5.2b4.5b4.7b

Gross profit Margin, %

61%45%44%44%51%51%53%49%50%
Annual
USDFY, 2019FY, 2020FY, 2021

Cash

2.4b10.3b4.5b

Accounts Receivable

4.3b5.7b8.0b

Inventories

3.4b4.0b5.1b

Current Assets

11.9b22.0b20.1b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Cash

1.1b2.3b1.3b3.0b5.8b7.5b5.6b7.0b12.0b

Accounts Receivable

4.2b4.1b4.4b4.5b4.5b5.2b5.6b5.5b5.6b

Inventories

3.1b3.2b3.3b3.5b3.6b3.8b4.3b4.6b4.9b

Current Assets

9.9b11.2b10.5b12.7b15.8b18.2b17.7b19.3b24.7b
Annual
USDFY, 2019FY, 2020FY, 2021

Net Income

3.7b6.4b7.7b

Depreciation and Amortization

2.3b2.3b2.6b

Inventories

(458.0m)(508.0m)(1.1b)

Accounts Payable

266.0m59.0m479.0m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Net Income

815.0m1.9b2.7b788.0m1.9b3.9b2.3b4.2b6.1b

Depreciation and Amortization

555.0m1.1b1.7b574.0m1.1b1.7b621.0m1.3b(614.0m)

Inventories

(140.0m)(273.0m)(449.0m)(141.0m)(309.0m)(427.0m)(352.0m)(621.0m)916.0m

Accounts Payable

(129.0m)(202.0m)70.0m(241.0m)(497.0m)(220.0m)
USDFY, 2018

Revenue/Employee

348.0k
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Thermo Fisher Scientific Operating Metrics

Thermo Fisher Scientific's Customers was reported to be 400 k in FY, 2020. Thermo Fisher Scientific's Backlog was reported to be $7.8b in FY, 2019.
FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020Q1, 2021Q2, 2021Q3, 2021FY, 2021

Customers

400 k400 k400 k

Remaining Performance Obligations

$5.09 b$5.57 b$7.07 b$6.76 b$7.77 b$8.36 b$9.99 b$11.16 b$12.81 b$13.29 b$13.56 b$14.49 b$28.3 b

Backlog

$5.09 b$7.77 b

Backlog (Life Sciences Solutions)

$647 m$893 m
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Thermo Fisher Scientific Acquisitions / Subsidiaries

Company NameDateDeal Size
PeproTechJanuary 05, 2022
PharmaFluidicsDecember 08, 2021
PPDAugust 15, 2021$17.4 b
Mesa BiotechFebruary 26, 2021
Cell sorting technology assets from Propel LabsFebruary 17, 2021
HenogenJanuary 15, 2021€725 m
Henogen S.A.January 15, 2021€725 m
PhinotexDecember 31, 2020
PhitonexDecember 31, 2020
QiagenMarch 03, 2020$11.5 b
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Thermo Fisher Scientific Revenue Breakdown

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Thermo Fisher Scientific revenue breakdown by business segment: 37.0% from Life Sciences Solutions, 14.4% from Analytical Instruments, 13.4% from Specialty Diagnostics and 35.2% from Laboratory Products and Services

Thermo Fisher Scientific revenue breakdown by geographic segment: 8.8% from China, 48.2% from United States and 43.0% from Other

Human Capital Metrics

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Thermo Fisher Scientific Cybersecurity Score

Cybersecurity ratingPremium dataset

C

71/100

SecurityScorecard logo

Thermo Fisher Scientific Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Thermo Fisher Scientific Online and Social Media Presence

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Thermo Fisher Scientific Company Culture

  • Overall Culture

    B+

    73/100

  • CEO Rating

    A

    78/100

  • Compensation

    B

    70/100

  • Diversity

    C

    64/100

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Thermo Fisher Scientific News and Updates

Revolutionizing Quat Pesticide Determination and Quantitation Workflows to Protect Food Supply

Thermo Fisher Scientific Inc., the world leader in serving science, is providing laboratories performing food safety analysis with a new ion chromatography tandem mass spectrometry (IC-MS/MS) workflow solution for regulatory compliant, cost-effective and reliable analysis of quaternary ammonium pest…

Global Cardiac Bio Implant Devices Market Report 2022 Featuring Agilent, Eurofins Scientific, F. Hoffman-La Roche, Illumina,, Natera, PerkinElmer, Quest Diagnostics, Thermo Fisher Scientific

Dublin, May 04, 2022 (GLOBE NEWSWIRE) -- The "Global Cardiac Bio Implant Devices Market, Size, Forecast 2022-2027, Industry Trends, Growth, Insight, Impact of COVID-19, Company Analysis" report has been added to ResearchAndMarkets.com's offering. Global Cardiac Bio Implant Devices Market is antici…

Global Liquid Biopsy Markets Report 2022-2027 Featuring Thermo Fisher Scientific, Guardant Health, EXACT Sciences Corp, Illumina, Bio - Rad Laboratories, Biocept, NeoGenomics, & Qiagen NV

DUBLIN, April 29, 2022 /PRNewswire/ -- The "Global Liquid Biopsy Market, Size, Forecast 2022-2027, Industry Trends, Growth, Outlook, Impact of COVID-19, Opportunity Company Analysis" report has been added to ResearchAndMarkets.com's offering. Global Liquid Biopsy Market will reach US$ 8.1...

The world leader in serving science

Together, we are making a difference in the world. As the world leader in serving science, we have a responsibility to serve the global community. From the products and services we provide for our customers - to the many ways we give back to our communities and make society better - we live our miss…

Worldwide Veterinary Molecular Diagnostics Industry to 2027 - Featuring Thermo Fisher Scientific, Veterinary Molecular Diagnostics and Zoetis Among Others

Dublin, April 08, 2022 (GLOBE NEWSWIRE) -- The "Veterinary Molecular Diagnostics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering. The global veterinary molecular diagnostics market reached a value o…

Global Biologics Contract Development and Manufacturing Organizations Report 2022 Featuring Lonza, Samsung, Boehringer Ingelheim BioXcellenceT, Thermo Fisher Scientific, WuXi Biologics, Catalent, AGC

Dublin, March 25, 2022 (GLOBE NEWSWIRE) -- The "Global Biologics Contract Development and Manufacturing Organization Profiles and Growth Opportunities" report has been added to ResearchAndMarkets.com's offering.
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Thermo Fisher Scientific Frequently Asked Questions

  • When was Thermo Fisher Scientific founded?

    Thermo Fisher Scientific was founded in 1956.

  • Who are Thermo Fisher Scientific key executives?

    Thermo Fisher Scientific's key executives are Marc N. Casper, Rafael Tejada and Konrad Bauer.

  • How many employees does Thermo Fisher Scientific have?

    Thermo Fisher Scientific has 130,000 employees.

  • What is Thermo Fisher Scientific revenue?

    Latest Thermo Fisher Scientific annual revenue is $39.2 b.

  • What is Thermo Fisher Scientific revenue per employee?

    Latest Thermo Fisher Scientific revenue per employee is $301.6 k.

  • Who are Thermo Fisher Scientific competitors?

    Competitors of Thermo Fisher Scientific include Roche, Abbott and Ingersoll Rand.

  • Where is Thermo Fisher Scientific headquarters?

    Thermo Fisher Scientific headquarters is located at 168 3rd Ave, Waltham.

  • Where are Thermo Fisher Scientific offices?

    Thermo Fisher Scientific has offices in Waltham, Agawam, Allentown, Ann Arbor and in 364 other locations.

  • How many offices does Thermo Fisher Scientific have?

    Thermo Fisher Scientific has 458 offices.