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Thermo Fisher Scientific (TMO) Revenue & Revenue Breakdown

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Thermo Fisher Scientific Revenue Highlights

Latest Revenue (Y)

$42.86B

Latest Revenue (Q)

$10.60B

Main Segment (Y)

Service

Main Geography (Y)

North America

Thermo Fisher Scientific Revenue by Period

Thermo Fisher Scientific Revenue by Year

DateRevenueChange
2023-12-31$42.86B-4.58%
2022-12-31$44.91B14.55%
2021-12-31$39.21B21.71%
2020-12-31$32.22B26.14%
2019-12-31$25.54B4.86%
2018-12-31$24.36B16.45%
2017-12-31$20.92B14.47%
2016-12-31$18.27B7.71%
2015-12-31$16.97B0.45%
2014-12-31$16.89B29.02%
2013-12-31$13.09B4.64%
2012-12-31$12.51B6.69%
2011-12-31$11.73B8.69%
2010-12-31$10.79B6.72%
2009-12-31$10.11B-3.70%
2008-12-31$10.50B7.71%
2007-12-31$9.75B157.05%
2006-12-31$3.79B44.00%
2005-12-31$2.63B19.36%
2004-12-31$2.21B5.19%
2003-12-31$2.10B0.52%
2002-12-28$2.09B-4.65%
2001-12-29$2.19B-4.05%
2000-12-30$2.28B-7.72%
2000-01-01$2.47B-36.11%
1999-01-02$3.87B8.69%
1998-01-03$3.56B21.34%
1996-12-28$2.93B32.85%
1995-12-30$2.21B39.24%
1994-12-31$1.59B26.85%
1994-01-01$1.25B-

Thermo Fisher Scientific generated $42.86B in revenue during NA 2023, up -4.58% compared to the previous quarter, and up 175.95% compared to the same period a year ago.

Thermo Fisher Scientific Revenue by Quarter

DateRevenueChange
2024-09-28$10.60B0.54%
2024-06-29$10.54B1.89%
2024-03-30$10.35B-4.97%
2023-12-31$10.89B2.95%
2023-09-30$10.57B-1.06%
2023-07-01$10.69B-0.21%
2023-04-01$10.71B-6.46%
2022-12-31$11.45B7.24%
2022-10-01$10.68B-2.67%
2022-07-02$10.97B-7.18%
2022-04-02$11.82B10.43%
2021-12-31$10.70B14.71%
2021-10-02$9.33B0.61%
2021-07-03$9.27B-6.39%
2021-04-03$9.91B-6.10%
2020-12-31$10.55B23.81%
2020-09-26$8.52B23.19%
2020-06-27$6.92B11.03%
2020-03-28$6.23B-8.77%
2019-12-31$6.83B8.88%
2019-09-28$6.27B-0.70%
2019-06-29$6.32B3.12%
2019-03-30$6.13B-5.87%
2018-12-31$6.51B9.92%
2018-09-29$5.92B-2.60%
2018-06-30$6.08B3.84%
2018-03-31$5.85B-3.21%
2017-12-31$6.05B18.19%
2017-09-30$5.12B2.53%
2017-07-01$4.99B4.72%
2017-04-01$4.76B-3.80%
2016-12-31$4.95B10.29%
2016-10-01$4.49B-0.98%
2016-07-02$4.54B5.60%
2016-04-02$4.29B-7.69%
2015-12-31$4.65B12.84%
2015-09-26$4.12B-3.46%
2015-06-27$4.27B8.98%
2015-03-28$3.92B-12.78%
2014-12-31$4.49B7.70%
2014-09-27$4.17B-3.48%
2014-06-28$4.32B10.72%
2014-03-29$3.90B12.59%
2013-12-31$3.47B8.62%
2013-09-28$3.19B-1.49%
2013-06-29$3.24B1.52%
2013-03-30$3.19B-2.08%
2012-12-31$3.26B5.63%
2012-09-29$3.09B-0.72%
2012-06-30$3.11B0.25%
2012-03-31$3.10B-1.06%
2011-12-31$3.13B5.38%
2011-10-01$2.97B2.63%
2011-07-02$2.90B6.47%
2011-04-02$2.72B-2.15%
2010-12-31$2.78B5.80%
2010-10-02$2.63B-0.77%
2010-07-03$2.65B-0.98%
2010-04-03$2.68B-5.79%
2009-12-31$2.84B12.18%
2009-09-30$2.53B1.89%
2009-06-30$2.48B10.15%
2009-03-31$2.26B-14.78%
2008-12-31$2.65B2.25%
2008-09-27$2.59B-4.48%
2008-06-28$2.71B6.09%
2008-03-29$2.55B-

Thermo Fisher Scientific generated $10.60B in revenue during Q3 2024, up 0.54% compared to the previous quarter, and up 99.17% compared to the same period a year ago.

Thermo Fisher Scientific Revenue Breakdown

Thermo Fisher Scientific Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21Dec 20Dec 19
Service$17.61B$16.37B$8.85B$6.91B$6.05B
Consumables$17.60B$20.62B$22.61B$18.53B$13.11B
Instruments$7.65B$7.92B$7.75B$6.78B$6.39B

Thermo Fisher Scientific's latest annual revenue breakdown by segment (product or service), as of Dec 23: Service (41.10%), Consumables (41.06%), and Instruments (17.84%).

Quarterly Revenue by Product

Product/ServiceSep 24Jun 24Mar 24Dec 23Sep 23Jul 23Apr 23Dec 22Oct 22Jul 22Apr 22Dec 21Oct 21Jul 21Apr 21Dec 20Sep 20Jun 20Mar 20Dec 19
Consumables$4.38B$4.36B$4.33B$4.37B$4.29B$4.43B$4.51B$4.87B$4.65B$4.99B$6.11B$5.73B$5.54B$5.37B$5.96B$6.31B$4.96B$3.88B$3.38B$3.38B
Instruments$1.77B$1.80B$1.63B$2.04B$1.87B$1.84B$1.90B$2.08B$1.93B$2.01B$1.91B$2.20B$1.82B$1.84B$1.89B$2.33B$1.83B$1.37B$1.25B$1.77B
Service$4.45B$4.38B$4.39B$4.47B$4.42B$4.42B$4.31B$4.50B$4.09B$3.97B$3.80B$2.77B$1.97B$2.06B$2.05B$1.91B$1.74B$1.67B$1.60B$1.68B

Thermo Fisher Scientific's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Service (41.99%), Consumables (41.32%), and Instruments (16.69%).

Thermo Fisher Scientific Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 23Dec 22Dec 21Dec 20Dec 19
Europe$10.74B$10.76B$11.13B$8.28B$6.36B
Asia Pacific$7.87B$8.12B$7.22B$5.82B$5.52B
North America$22.76B$24.59B$19.66B$17.08B$12.90B
Other Regions$1.48B$1.44B$1.20B$1.03B$764.00M

Thermo Fisher Scientific's latest annual revenue breakdown by geography, as of Dec 23: North America (53.12%), Europe (25.06%), Asia Pacific (18.37%), and Other Regions (3.45%).

Quarterly Revenue by Country

CountrySep 24Jun 24Mar 24Dec 23Sep 23Jul 23Apr 23Dec 22Oct 22Jul 22Apr 22Dec 21Oct 21Jul 21Apr 21Dec 20Sep 20Jun 20Mar 20Dec 19
Asia Pacific$1.92B$1.97B$1.86B$2.07B$1.91B$1.90B$1.99B$2.04B$1.97B$2.04B$2.06B$1.92B$1.84B$1.75B$1.71B$1.77B$1.61B$1.33B$1.12B$1.44B
Europe$2.69B$2.66B$2.62B$2.84B$2.64B$2.65B$2.60B$2.75B$2.41B$2.55B$3.05B$3.10B$2.56B$2.69B$2.79B$2.82B$2.03B$1.78B$1.65B$1.79B
All Other Countries$397.00M$379.00M------------------
UNITED STATES$5.59B$5.53B------------------
North America--$5.52B$5.60B$5.67B$5.71B$5.78B$6.28B$5.96B$6.03B$6.32B$5.37B$4.66B$4.53B$5.10B$5.66B$4.59B$3.54B$3.29B$3.39B
Other Regions--$346.00M$367.00M$350.00M$417.00M$345.00M$380.00M$338.00M$345.00M$381.00M$314.00M$275.00M$300.00M$311.00M$299.00M$295.00M$261.00M$176.00M$209.00M

Thermo Fisher Scientific's latest quarterly revenue breakdown by geography, as of Sep 24: UNITED STATES (52.76%), Europe (25.35%), Asia Pacific (18.15%), and All Other Countries (3.75%).

Thermo Fisher Scientific Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
TMOThermo Fisher Scientific$42.86B$10.60B
DHRDanaher$14.03B$3.40B
AAgilent$6.83B$1.58B
ILMNIllumina$4.50B$1.08B
CRLCharles River Laboratories$4.13B$1.03B
MTDMettler-Toledo$3.79B$954.53M
IDXXIDEXX Laboratories$3.66B$975.54M
WATWaters$2.96B$740.30M
RVTYRevvity$2.75B$641.72M
GHGuardant Health$563.95M$177.24M

TMO Revenue FAQ

What is Thermo Fisher Scientific’s yearly revenue?

Thermo Fisher Scientific's yearly revenue for 2023 was $42.86B, representing a decrease of -4.58% compared to 2022. The company's yearly revenue for 2022 was $44.92B, representing an increase of 14.55% compared to 2021. TMO's yearly revenue for 2021 was $39.21B, representing an increase of 21.71% compared to 2020.

What is Thermo Fisher Scientific’s quarterly revenue?

Thermo Fisher Scientific's quarterly revenue for Q3 2024 was $10.6B, a 0.54% increase from the previous quarter (Q2 2024), and a 0.23% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $10.54B, a 1.89% increase from the previous quarter (Q1 2024), and a -1.37% decrease year-over-year (Q2 2023). TMO's quarterly revenue for Q1 2024 was $10.34B, a -4.97% decrease from the previous quarter (Q4 2023), and a -3.41% decrease year-over-year (Q1 2023).

What is Thermo Fisher Scientific’s revenue growth rate?

Thermo Fisher Scientific's revenue growth rate for the last 3 years (2021-2023) was 9.30%, and for the last 5 years (2019-2023) was 67.79%.

What are Thermo Fisher Scientific’s revenue streams?

Thermo Fisher Scientific's revenue streams in c 23 are Service, Consumables, and Instruments. Service generated $17.61B in revenue, accounting 41.10% of the company's total revenue, up 7.62% year-over-year. Consumables generated $17.6B in revenue, accounting 41.06% of the company's total revenue, down -14.68% year-over-year. Instruments generated $7.65B in revenue, accounting 17.84% of the company's total revenue, down -3.51% year-over-year.

What is Thermo Fisher Scientific’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Thermo Fisher Scientific was Service. This segment made a revenue of $17.61B, representing 41.10% of the company's total revenue.