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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
Overall CultureB

Latest Updates

Employees (est.) (Dec 2020)80,000(+7%)
Job Openings4,694
Revenue (FY, 2020)$32.2 B(+27%)
Share Price (Jul 2021)$532.3(+2%)
Cybersecurity ratingCMore

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 and General Counsel
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 358 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
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Thermo Fisher Scientific Financials and Metrics

Thermo Fisher Scientific Revenue

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Thermo Fisher Scientific's revenue was reported to be $32.22 b in FY, 2020 which is a 26.1% increase from the previous period.
USD

Revenue (FY, 2020)

32.2b

Revenue growth (FY, 2019 - FY, 2020), %

26.1%

Gross profit (FY, 2020)

16.5b

Gross profit margin (FY, 2020), %

51.2%

Net income (FY, 2020)

6.4b

EBIT (FY, 2020)

7.8b

Market capitalization (23-Jul-2021)

209.2b

Closing stock price (23-Jul-2021)

532.3

Cash (31-Dec-2020)

10.3b

EV

220.6b
Thermo Fisher Scientific's current market capitalization is $209.2 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

24.4b25.5b32.2b

Revenue growth, %

16%5%26%

Cost of goods sold

13.5b14.2b15.7b

Gross profit

10.9b11.3b16.5b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

5.9b6.1b5.9b6.1b6.3b6.3b6.2b6.9b8.5b

Cost of goods sold

3.3b3.3b3.3b2.4b3.5b3.5b3.5b3.4b4.2b

Gross profit

2.6b2.7b2.6b3.7b2.8b2.8b2.7b3.5b4.3b

Gross profit Margin, %

44%45%44%61%45%44%44%51%51%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

2.1b2.4b10.3b

Accounts Receivable

4.1b4.3b5.7b

Inventories

3.0b3.4b4.0b

Current Assets

10.6b11.9b22.0b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

950.0m937.0m1.1b1.1b2.3b1.3b3.0b5.8b7.5b

Accounts Receivable

4.0b3.9b3.9b4.2b4.1b4.4b4.5b4.5b5.2b

Inventories

2.9b2.9b3.0b3.1b3.2b3.3b3.5b3.6b3.8b

Current Assets

9.6b9.5b9.6b9.9b11.2b10.5b12.7b15.8b18.2b
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

2.9b3.7b6.4b

Depreciation and Amortization

2.3b2.3b2.3b

Inventories

(324.0m)(458.0m)(508.0m)

Accounts Payable

201.0m266.0m59.0m
Quarterly
USDQ1, 2018

Debt/Equity

0.8 x

Debt/Assets

0.4 x

Financial Leverage

2.2 x
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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, 2017FY, 2018FY, 2019FY, 2020

Backlog

$4.46 b$5.09 b$7.77 b

Backlog (Life Sciences Solutions)

$594 m$647 m$893 m

Customers

400 k400 k400 k400 k

Remaining Performance Obligations

$12.81 b
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Thermo Fisher Scientific Acquisitions / Subsidiaries

Company NameDateDeal Size
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
QiagenMarch 03, 2020$11.5 b
Brammer BioJune 17, 2019$1.67 b
HighChemJune 06, 2019
Gatan IncJune 29, 2018$925 m
IntegenXMarch 16, 2018
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Thermo Fisher Scientific Revenue Breakdown

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Thermo Fisher Scientific revenue breakdown by business segment: 35.1% from Laboratory Products and Services, 15.3% from Specialty Diagnostics, 14.7% from Analytical Instruments and 34.9% from Life Sciences Solutions

Thermo Fisher Scientific revenue breakdown by geographic segment: 8.7% from China, 51.0% from United States and 40.3% from Other

Human Capital Metrics

Thermo Fisher Scientific's employees are reported to be approximately 41% female and 59% male.
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Thermo Fisher Scientific Cybersecurity Score

Cybersecurity ratingPremium dataset

C

78/100

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

    69/100

  • CEO Rating

    A

    75/100

  • Compensation

    B

    71/100

  • Diversity

    C

    63/100

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Thermo Fisher Scientific News and Updates

Thermo Fisher Scientific Expands Hematology Oncology NGS Portfolio

Thermo Fisher Scientific today announced a new suite of Ion Torrent Oncomine immune repertoire assays designed to detect potentially malignant clones of T-cells and B-cells, which play a key role in the immune response system*.

Thermo Scientific Phenom Pharos G2 Desktop FEG-SEM Accelerates Customer Research

Thermo Fisher Scientific, the world leader in serving science, today announced the Thermo Scientific Phenom Pharos G2 Desktop Field Emission Gun - Scanning Electron Microscope (FEG-SEM) designed to increase access to advanced nanomaterial research capabilities. The new instrument makes it possible f…

Thermo Fisher Scientific Opens cGMP Plasmid DNA Manufacturing Facility in Carlsbad, California

Thermo Fisher Scientific Inc. (NYSE: TMO), the world leader in serving science, has opened a new cGMP plasmid DNA manufacturing facility in Carlsbad, Calif., enabling it to meet rapidly growing demand for plasmid DNA-based therapies and vital mRNA-based vaccines

Thermo Fisher Opens A New CGMP Plasmid DNA Manufacturing Facility In Carlsbad

Life sciences company Thermo Fisher Scientific Inc. (TMO) announced Thursday it has opened a new cGMP plasmid DNA manufacturing facility in Carlsbad, California, enabling it to meet rapidly growing demand for plasmid DNA-based therapies and vital mRNA-based vaccines.

Thermo Fisher Scientific and My Green Lab Collaborate to Expand Use of ACT Label in Driving Environmentally Sustainable Lab Practices

Thermo Fisher Scientific Inc. (NYSE:TMO), the world leader in serving science, today announced an expansion of its collaboration with My Green Lab, a non-profit organization committed to improving the environmental sustainability of scientific research. The company has set a goal to obtain Accountab…

Thermo Fisher Scientific and My Green Lab Collaborate to Expand Use of ACT Label in Driving Environmentally Sustainable Lab Practices

Thermo Fisher Scientific Inc. (NYSE:TMO), the world leader in serving science, today announced an expansion of its collaboration with My Green Lab, a non-profit organization committed to improving the environmental sustainability of scientific research.
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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 80,000 employees.

  • What is Thermo Fisher Scientific revenue?

    Latest Thermo Fisher Scientific annual revenue is $32.2 b.

  • What is Thermo Fisher Scientific revenue per employee?

    Latest Thermo Fisher Scientific revenue per employee is $402.7 k.

  • Who are Thermo Fisher Scientific competitors?

    Competitors of Thermo Fisher Scientific include Illumina, Bruker and Avantor.

  • 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 358 other locations.

  • How many offices does Thermo Fisher Scientific have?

    Thermo Fisher Scientific has 448 offices.