--- title: "Thermo Fisher Scentific | 8-K: FY2025 Q4 Revenue Beats Estimate at USD 12.22 B" type: "News" locale: "en" url: "https://longbridge.com/en/news/274138338.md" datetime: "2026-01-29T11:09:08.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/274138338.md) - [en](https://longbridge.com/en/news/274138338.md) - [zh-HK](https://longbridge.com/zh-HK/news/274138338.md) --- # Thermo Fisher Scentific | 8-K: FY2025 Q4 Revenue Beats Estimate at USD 12.22 B Revenue: As of FY2025 Q4, the actual value is USD 12.22 B, beating the estimate of USD 11.89 B. EPS: As of FY2025 Q4, the actual value is USD 5.21, beating the estimate of USD 5.198. EBIT: As of FY2025 Q4, the actual value is USD 2.362 B. ### Fourth Quarter 2025 Financial Performance #### Operating Income and Margin GAAP operating income for Thermo Fisher Scientific Inc. was $2.26 billion in the fourth quarter of 2025, a 12% increase from $2.016 billion in the year-ago quarter. The GAAP operating margin was 18.5%, up from 17.7% in the fourth quarter of 2024. Adjusted operating income was $2.88 billion, a 6% increase from $2.720 billion in the prior year, with an adjusted operating margin of 23.6%, compared to 23.9% in the fourth quarter of 2024. #### Net Income Net income attributable to Thermo Fisher Scientific Inc. was $1,964 million in the fourth quarter of 2025, compared to $1,830 million in the fourth quarter of 2024. #### Operating Expenses Cost of revenues was $7,143 million (58.5% of revenues) in Q4 2025, up from $6,492 million (57.0% of revenues) in Q4 2024. Selling, general and administrative expenses were $1,977 million (16.2% of revenues) in Q4 2025, compared to $1,846 million (16.2% of revenues) in Q4 2024. Amortization of acquisition-related intangible assets was $436 million (3.6% of revenues) in Q4 2025, down from $438 million (3.8% of revenues) in Q4 2024. Research and development expenses were $357 million (2.9% of revenues) in Q4 2025, down from $374 million (3.3% of revenues) in Q4 2024. Restructuring and other costs decreased significantly to $46 million (0.4% of revenues) in Q4 2025 from $228 million (2.0% of revenues) in Q4 2024. #### Interest Income and Expense Interest income increased to $258 million in Q4 2025 from $227 million in Q4 2024. Interest expense was -$365 million in Q4 2025, compared to -$316 million in Q4 2024. #### Cash Flow GAAP net cash provided by operating activities was $3,457 million in Q4 2025, up from $3,289 million in Q4 2024. Purchases of property, plant and equipment were -$465 million in Q4 2025, compared to -$480 million in Q4 2024. Proceeds from sale of property, plant and equipment were $27 million in Q4 2025, up from $17 million in Q4 2024. Free cash flow was $3,018 million in Q4 2025, compared to $2,826 million in Q4 2024. #### Segment Revenues and Income (Fourth Quarter 2025 vs. 2024) - **Life Sciences Solutions**: Revenue increased to $2,946 million from $2,604 million. Segment income was $1,046 million (35.5% margin) compared to $952 million (36.6% margin). - **Analytical Instruments**: Revenue was $2,215 million compared to $2,186 million. Segment income was $583 million (26.3% margin) compared to $666 million (30.5% margin). - **Specialty Diagnostics**: Revenue increased to $1,220 million from $1,157 million. Segment income was $324 million (26.6% margin) compared to $273 million (23.6% margin). - **Laboratory Products and Biopharma Services**: Revenue increased to $6,379 million from $5,936 million. Segment income was $925 million (14.5% margin) compared to $828 million (14.0% margin). ### Full Year 2025 Financial Performance #### Operating Income and Margin GAAP operating income for Thermo Fisher Scientific Inc. for the full year 2025 was $7.75 billion, a 6% increase from $7.337 billion in 2024. The GAAP operating margin was 17.4%, up from 17.1% in 2024. Adjusted operating income was $10.11 billion, a 4% increase from $9.707 billion in the prior year, with an adjusted operating margin of 22.7%, compared to 22.6% in 2024. #### Net Income Net income attributable to Thermo Fisher Scientific Inc. for the full year was $6,704 million in 2025, compared to $6,335 million in 2024. #### Operating Expenses Cost of revenues was $26,048 million (58.5% of revenues) in FY 2025, up from $24,818 million (57.9% of revenues) in FY 2024. Selling, general and administrative expenses were $7,272 million (16.3% of revenues) in FY 2025, up from $7,003 million (16.3% of revenues) in FY 2024. Amortization of acquisition-related intangible assets was $1,730 million (3.9% of revenues) in FY 2025, down from $1,952 million (4.6% of revenues) in FY 2024. Research and development expenses were $1,397 million (3.1% of revenues) in FY 2025, up from $1,390 million (3.2% of revenues) in FY 2024. Restructuring and other costs were $362 million (0.8% of revenues) in FY 2025, down from $379 million (0.9% of revenues) in FY 2024. #### Interest Income and Expense Interest income was $993 million in FY 2025, down from $1,078 million in FY 2024. Interest expense was -$1,419 million in FY 2025, compared to -$1,390 million in FY 2024. #### Cash Flow GAAP net cash provided by operating activities was $7,818 million in FY 2025, down from $8,667 million in FY 2024. Purchases of property, plant and equipment were -$1,525 million in FY 2025, compared to -$1,400 million in FY 2024. Proceeds from sale of property, plant and equipment were $44 million in FY 2025, down from $57 million in FY 2024. Free cash flow was $6,337 million in FY 2025, compared to $7,324 million in FY 2024. #### Capital Deployment In 2025, Thermo Fisher Scientific Inc. deployed approximately $16.5 billion, including $13 billion committed to M&A for acquisitions such as a Filtration and Separation business from Solventum and Sanofi’s Ridgefield, New Jersey, sterile fill-finish site, and an agreement to acquire Clario. Additionally, $3.6 billion of capital was returned to shareholders through stock buybacks and dividends during the year. #### Segment Revenues and Income (Full Year 2025 vs. 2024) - **Life Sciences Solutions**: Revenue increased to $10,374 million from $9,631 million. Segment income was $3,768 million (36.3% margin) compared to $3,503 million (36.4% margin). - **Analytical Instruments**: Revenue was $7,554 million compared to $7,463 million. Segment income was $1,736 million (23.0% margin) compared to $1,955 million (26.2% margin). - **Specialty Diagnostics**: Revenue increased to $4,676 million from $4,512 million. Segment income was $1,256 million (26.9% margin) compared to $1,159 million (25.7% margin). - **Laboratory Products and Biopharma Services**: Revenue increased to $23,984 million from $23,157 million. Segment income was $3,350 million (14.0% margin) compared to $3,090 million (13.3% margin). #### Outlook / Guidance Thermo Fisher Scientific Inc. will provide its 2026 financial guidance during its earnings conference call on January 29, 2026. 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