TMOTHERMO FISHER SCIENTIFIC INC.
Measuring & Controlling Devices, NEC
- Revenue
- $44.6B
- 3.9% YoY
- Operating margin
- 17.4%
- 1.6% YoY
- EBITDA
- $8.8B
- 3.6% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 3.8×
- $33.6B net debt
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear116% of net incomeCash flow under 80% of net income
- Dilutive SBCClear1% of revenueOver 10% of revenue
- Payouts exceed cash flowClear47% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyFired48% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $39.2B | $44.9B | $42.9B | $42.9B | $44.6B | 3.9% |
| Operating income | $10.0B | $8.4B | $6.9B | $7.3B | $7.7B | 5.6% |
| Net income | $7.7B | $7.0B | $6.0B | $6.3B | $6.7B | 6.0% |
| Operating cash flow | $9.3B | $9.2B | $8.4B | $8.7B | $7.8B | 9.8% |
| Capex | $2.5B | $2.2B | $1.5B | $1.4B | $1.5B | 8.9% |
| Stock-based comp | $230M | $307M | $278M | $301M | $310M | 3.0% |
| Buybacks | $2.0B | $3.0B | $3.0B | $4.0B | $3.0B | 25% |
| Dividends | $395M | $455M | $523M | $583M | $636M | 9.1% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $5M · 7
- Net
- −$5M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $80M | $116M | 126 | 157 |
| FY2024 | $30M | $30M | 113 | 135 |
| FY2023 | $19M | $9M | 115 | 128 |
| FY2022 | $28M | −$5M | 119 | 122 |
| FY2021 | $21M | $66M | 144 | 125 |