TMO Thermo Fisher Scientific Inc Common Stock
NYSE · Life Sciences Tools & Services · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Jul 31, 2026TMO Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
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| Ex-date | Split | Type |
|---|---|---|
| June 6, 1996 | 3-for-2 | Forward |
| May 25, 1995 | 3-for-2 | Forward |
| Oct. 29, 1993 | 3-for-2 | Forward |
| Nov. 3, 1986 | 3-for-2 | Forward |
| Sept. 17, 1985 | 3-for-2 | Forward |
| Jan. 4, 1984 | 3-for-2 | Forward |
About Thermo Fisher Scientific Inc Common Stock Company overview from Wikipedia
Thermo Fisher Scientific Inc. is an American life science and clinical research company. It is a global supplier of analytical instruments, clinical development solutions, specialty diagnostics, laboratory, pharmaceutical and biotechnology services. Based in Waltham, Massachusetts, Thermo Fisher was formed through the merger of Thermo Electron and Fisher Scientific in 2006. Thermo Fisher Scientific has acquired other reagent, consumable, instrumentation, and service providers, including Life Technologies Corporation (2013), Alfa Aesar (2015), Affymetrix (2016), FEI Company (2016), BD Advanced Bioprocessing (2018), and PPD (2021).
It ranked 106th on the Fortune 500 list based on its 2025 annual revenue of $44.556 billion.
History
Predecessors and merger
Thermo Electron was co-founded in 1956 by George N. Hatsopoulos and Peter M Nomikos. Hatsopoulos received a PhD from MIT in mechanical engineering and Nomikos was a Harvard Business School graduate. The company focused on providing analytical and laboratory products.
Fisher Scientific was founded in 1902 by Chester G. Fisher from Pittsburgh. It focused on providing laboratory equipment, chemicals, supplies and services used in healthcare, scientific research, safety, and education.
On May 8, 2006, Thermo Electron and Fisher Scientific announced that they would merge in a tax-free, stock-for-stock exchange; the merged company was named Thermo Fisher Scientific, and had about 30,000 employees, and reported US$9 billion in combined revenue. On November 9, 2006, the companies announced that the merger had been completed. However, the Federal Trade Commission ruled that this acquisition was anti-competitive regarding centrifugal evaporators, requiring Fisher to divest Genevac. In April 2007, Genevac was sold to Riverlake Partners LLC and the merger closed with FTC approval.
The company's products are sold under the brand names of Thermo Scientific, Fisher Scientific, and several other recognized brand names (e.g. Applied Biosystems, Invitrogen, Patheon, PPD, and Nalgene).
Acquisition history
In 1990, Thermo Fisher Scientific (then known as Thermo Instrument Systems) acquired mass spectrometer manufacturer Finnigan Instrument Corporation.
In 2003, the company (then Fisher Scientific International) acquired Perbio Science, a transaction that included brands such as Pierce Biotechnology, HyClone and Endogen.
In April 2006, BioImage was acquired by Thermo Fisher Scientific. The merger was complete in November 2006, and technology transfer to a US site was completed during 2007 and 2008. BioImage was established in 1993 as a drug discovery research unit led by Ole Thastrup within Novo Nordisk, from which it spun out of in 1999. It had specialized in developing and selling proprietary bioassays to biopharmaceutical companies and research institutions. It made broad patents covering Enhanced GFP (EGFP), GFP-based biosensors and any genetically encoded protein fusion to a luminophore, with subsequent monitoring of the protein's translocation within a cell as the primary readout for drug discovery assays.
In December 2010, Thermo Fisher Scientific announced its acquisition of Dionex for $2.1 billion.
In May 2011, Thermo Fisher Scientific Inc. bought Phadia to expand into the testing of allergies and autoimmune diseases for €2.47 billion ($3.5 billion) in cash.
In April 2013, after a competitive bidding with Hoffmann-La Roche, Thermo Fisher acquired Life Technologies Corporation for US$13.6 billion in a deal, adding further service lines related to advanced DNA sequencing and genetic testing. Life Technologies was originally formed in 2008 through a $6.7B merger of Invitrogen, a cell therapy, and Applied Biosystems. The company also acquired GIBCO (Grand Island Biological Company) as part of the Life Technologies acquisition.
In February 2015, the company announced it would acquire Advanced Scientifics for $300 million in a cash-deal. ASI designs manufactures, and delivers technologies used in bioprocessing. In June 2015, the company announced its intention to acquire Alfa Aesar, a global manufacturer of research chemicals for $405 million from Johnson Matthey, and the acquisition was completed at the end of September.
In January 2016, the company announced it would acquire Affymetrix for $1.3 billion. On May 27, 2016, the company announced it would acquire FEI Company for $4.2 billion, a manufacturer of electron microscopes. This acquisition is anticipated to close in early 2017 and will contribute to the growth of Thermo's Analytical Instruments business group. In November the company announced it would acquire MTI-GlobalStem, a previously privately held company that develops reagents for cell transfection, neurobiology and stem cell research.
In February 2017, the company acquired Finesse Solutions, Inc., developer of scalable control automation systems and software for bioproduction after receiving early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act. The transaction was completed a day later. In March, the company announced it would acquire Core Informatics, provider of cloud-based platforms supporting scientific data management. In August, the company acquired Patheon, a contract development and manufacturing organization serving the pharmaceutical and biotechnology sectors, for approximately $7.2 billion. As of 2017, the company had revenues of $20.9 billion, and was a Fortune 500 company.
In September 2018, Thermo Fisher Scientific announced it had signed a definitive agreement with Becton, Dickinson and Company (BDX) to acquire their Advanced Bioprocessing business. This BD business had annualized revenue of approximately $100 million; as of October 16, 2018, it had been integrated into Thermo Fisher's Life Sciences Solutions Segment.
In March 2019, Thermo Fisher Scientific announced its entry into the gene therapy manufacturing market with a $1.7 billion cash acquisition for Brammer Bio. In May 2019, Thermo Fisher Scientific partnered with MMJ International Holdings to manufacture drug products developed by MMJ for the treatment of multiple sclerosis and Huntington's disease. In June, the business announced it would acquire mass spectrometry software provider, HighChem.
In March 2020, Thermo Fisher Scientific received emergency use authorization from the FDA for a test for SARS-CoV-2 to help mitigate the COVID-19 pandemic. Thermo Fisher also partnered with its biopharma customers, including Pfizer and Moderna, to
support the development and production of new mRNA-based COVID-19 vaccines.
In March 2020, Thermo Fisher Scientific agreed to purchase Qiagen, a molecular diagnostics company, for $10.1 billion. In July, the offer for Qiagen was raised from €39 to €43 per share (€11.3 billion in total). On August 13, the company announced that its offer to acquire all of the ordinary share had lapsed, and it terminated the acquisition agreement.
In August 2020, Thermo Fisher Scientific opened its new Lenexa facility aimed at boosting the production and manufacturing of COVID-19 testing supplies. In December the business announced it would acquire Phitonex, Inc.
In January 2021, Thermo Fisher Scientific announced it had acquired Belgium-based viral vector manufacturer, Henogen SA, from Groupe Novasep SAS for €725 million in cash and point-of-care molecular diagnostics provider Mesa Biotech, Inc. for up to $550 million.
In April 2021, Thermo Fisher Scientific announced the acquisition of PPD, Inc., a contract research organization, for a total cash purchase price of $17.4 billion-plus the assumption of approximately $3.5 billion of net debt. PPD generated $4.7 billion in revenue during FY 2020, and this transaction, which values their company at approximately $20.9 billion. In November, the business announced it would acquire PharmaFluidics and its μPAC range of micro-chip-based chromatography products.
In January 2022, Thermo Fisher Scientific acquired PeproTech, a developer and manufacturer of recombinant proteins, for $1.85 billion. PeproTech became part of Thermo Fisher’s biosciences business and was integrated into the Life Sciences Solutions Segment.
In October 2022, the company agreed to buy British diagnostics firm, The Binding Site Group, in an all-cash deal for US$2.6 billion from Nordic Capital. The acquisition completed in January 2023.
In July 2023, the business announced it would acquire CorEvitas, LLC from Audax Private Equity for more than $900 million in cash. In August 2023, it was announced Thermo Fisher had completed the acquisition for $912.5 million (in cash).
In October 2023, Thermo Fisher Scientific acquired Olink Holding for $3.1 billion.
In February 2025, Thermo Fisher announced the acquisition of Solventum’s purification and filtration business for $4.1 billion.
In July 2025, Thermo Fisher added drug manufacturing capabilities in the United States through its purchase of a sterile fill-finish and packaging plant from Sanofi in Ridgefield, New Jersey.
In October 2025, Thermo Fisher announced a deal to acquire Clario Holdings—an endpoint data management solutions provider—for $8.88 billion in cash from a shareholder group including Novo Holding. The transaction was expected to close mid-2026.
Leadership
Marc N. Casper has been Chief Executive Officer of Thermo Fisher Scientific since October 2009, and was elected Chairman of the Board in February 2020. He also served as President from 2009 until March 2026. He joined the company in 2001 as President of the Life Sciences sector of Thermo Electron. Casper was named Senior Vice President in 2003, and in 2005 assumed responsibility for all of the company’s operating divisions. After the merger creating Thermo Fisher Scientific in 2006, he was named Executive Vice President and President of its Analytical Technologies business, and in 2008 he became the company’s Chief Operating Officer.
Prior to joining Thermo Fisher, Casper served as President, Chief Executive Officer and a Director of Kendro Laboratory Products. Previously, he worked for clinical diagnostics provider Dade Behring Inc., serving as President–Americas. He began his career as a strategy consultant at Bain & Company and later joined Bain Capital.
Partnerships
In September 2017, Thermo Fisher Scientific signed an agreement with the Institute of Pathology Heidelberg (IPH) to establish its Center of Molecular Pathology at Heidelberg University Hospital as the newest member of the Next Generation Sequencing Companion Dx Center of Excellence Program (COEP). The initiative focuses on establishing strategic collaborations with leading, European-based organizations that can lead studies using Thermo Fisher's Oncomine portfolio of research panels destined for development as companion diagnostics to help drive precision oncology in the region.
In 2021, Thermo Fisher announced the construction of a cell therapy development, manufacturing and collaboration center in cooperation with University of California, San Francisco on the school's Mission Bay campus.
In February 2022, Thermo Fisher Scientific announced a 15-year strategic collaboration
agreement with Moderna, Inc. The collaboration was designed to scale up the
manufacturing of Moderna’s COVID-19 vaccine and other investigational mRNA
products.
In May 2023, Thermo Fisher partnered with Pfizer, with plans to work together on expanding testing capabilities for lung and breast cancer patients.
In November 2023, Thermo Fisher partnered with Flagship Pioneering, a biotechnology company. Together, they plan to create companies in the biotechnology field.
In January 2025, Thermo Fisher partnered with the UK Biobank Pharma Proteomics Project (UKB-PPP) to support the world’s largest human proteomics study. Using the Olink Explore platform, UKB-PPP seeks to analyze more than 5,400 proteins from 600,000 samples to fuel the discovery of new protein biomarkers that can be used to predict, diagnose, and treat diseases.
In February 2025, Thermo Fisher entered a 10-year virtual power purchase agreement (VPPA) with X-ELIO to secure 118 megawatts of solar energy, moving its European operations closer to a 100% renewable electricity goal.
In June 2025, Thermo Fisher partnered with the Regeneron Genetics Center which selected the Olink Explore platform for large-scale proteomics investigation involving nearly 200,000 patient samples aiming to unlock new insights into the dynamic biology and mechanisms of human disease.
Controversies
Xinjiang and Tibet
In February 2019, Thermo Fisher Scientific announced that it would stop selling its equipment in Xinjiang. In June 2020, Thermo Fisher Scientific was reported to sell its equipment to security services in China for use in what was alleged as part of a genetic surveillance program. A report from the Australian Strategic Policy Institute found that Thermo Fisher Scientific collaborated with the Chinese Ministry of Public Security to develop a Huaxia PCR amplification kit specifically to identify the genotypes of Uyghur, Tibetan and Hui ethnic minorities. In June 2021, The New York Times reported that, despite bans, Thermo Fisher Scientific equipment continued to be sold to police in Xinjiang.
In 2022, following reports that Thermo Fisher Scientific had sold products to police in the Tibet Autonomous Region, the Inter-Parliamentary Alliance on China called on governments to "investigate and suspend commercial activities with companies providing the PRC government with technologies to carry out biometric surveillance in the Uyghur Region, Tibet and elsewhere in the PRC, including the PRC state backed BGI Group and US firm Thermo Fisher." Thermo Fisher Scientific subsequently halted sales of DNA collection kits in Tibet.
HeLa cells
In October 2021 the estate of Henrietta Lacks sued to get past and future payment for the alleged and widely known unauthorized sale by Thermo Fisher Scientific of her HeLa cells which are essential in many types of research. Over 50 million tons of her cells have been produced and used in over 60,000 scientific studies touching virtually every realm of medicine, including the development of polio vaccines, gene mapping, in-vitro fertilization, and multitudes more.
In May 2022, it was announced Thermo Fisher Scientific went to court to seek a dismissal of the lawsuit. In late July 2023, with the motion to dismiss still outstanding, the court ordered the parties to attend a settlement conference. Soon after that, settlement of the suit, with undisclosed terms, was announced.
Mexican plant
In 2013, Opengate Capital Group LLC filed suit against Thermo Fisher Scientific for selling it a manufacturing plant controlled by the Gulf Cartel. According to Opengate Capital, the company withheld important documents and pressured employees into concealing the presence of the drug cartel.
Image manipulation
In May 2026, scientists found that a large number of images from Thermo Fisher Scientific's catalog had been manipulated, with sections of the images blanked out and duplicated with the same part of the picture copied into multiple places. The images were claimed to validate the effectiveness of antibody products which have uses including Western blots.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | TMO | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | 35.2 | · | 32.0 | Undervalued | |
| P/S (TTM) | 6.3 | · | 5.4 | Undervalued | |
| P/B (MRQ) | 5.5 | · | 6.9 | Undervalued | |
| Price / FCF (TTM) | 39.9 | · | · | · | |
| Price / Cash Flow (TTM) | 32.4 | · | 25.7 | Overvalued | |
| Price / Tangible Book (MRQ) | 8.6 | · | · | · | |
| PEG Ratio | ≈16.5 | · | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | TMO | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Operating Margin (TTM) | 17.6% | · | 18.0% | Weak | |
| EBITDA Margin | 17.4% | · | 18.3% | Weak | |
| Pretax Margin (TTM) | 16.5% | · | 18.9% | Weak | |
| Net Profit Margin (TTM) | 15.0% | · | 15.8% | In line | |
| ROA (TTM) | 6.5% | · | 11.5% | Weak | |
| ROE (TTM) | 13.5% | · | 18.4% | Weak | |
| ROIC | 13.4% | · | 13.8% | Weak |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | TMO | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Current Ratio (MRQ) | 1.6 | · | 1.7 | Low liquidity | |
| Quick Ratio (MRQ) | 0.9 | · | 0.8 | In line |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | TMO | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 3.9% | · | · | · | |
| Revenue CAGR 3Y | -0.27% | · | · | · | |
| Revenue CAGR 5Y | 6.7% | · | · | · | |
| EPS YoY | 7.3% | · | · | · | |
| Net Income YoY | 5.8% | · | · | · | |
| EPS CAGR 3Y | 0.21% | · | · | · | |
| EPS CAGR 5Y | 2.1% | · | · | · | |
| Net Income CAGR 3Y | -1.2% | · | · | · | |
| Net Income CAGR 5Y | 1.0% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | TMO | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.4 | · | 0.6 | Weak | |
| Receivables Turnover | 5.2 | · | 5.3 | In line | |
| Revenue / Employee | ≈$356.4K | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount | Currency | Yield |
|---|---|---|---|
| Sep 15, 2026 | $0.47 | USD | ≈0.29% |
| Jun 15, 2026 | $0.47 | USD | ≈0.38% |
| Mar 13, 2026 | $0.47 | USD | ≈0.38% |
| Dec 15, 2025 | $0.43 | USD | ≈0.30% |
| Sep 15, 2025 | $0.43 | USD | ≈0.35% |
| Jun 13, 2025 | $0.43 | USD | ≈0.41% |
| Mar 14, 2025 | $0.43 | USD | ≈0.31% |
| Dec 13, 2024 | $0.39 | USD | ≈0.30% |
| Sep 13, 2024 | $0.39 | USD | ≈0.25% |
| Jun 14, 2024 | $0.39 | USD | ≈0.26% |
| Mar 14, 2024 | $0.39 | USD | ≈0.25% |
| Dec 14, 2023 | $0.35 | USD | ≈0.27% |
| Sep 14, 2023 | $0.35 | USD | ≈0.26% |
| Jun 14, 2023 | $0.35 | USD | ≈0.25% |
| Mar 14, 2023 | $0.35 | USD | ≈0.22% |
| Dec 14, 2022 | $0.30 | USD | ≈0.21% |
| Sep 14, 2022 | $0.30 | USD | ≈0.21% |
| Jun 14, 2022 | $0.30 | USD | ≈0.22% |
| Mar 15, 2022 | $0.30 | USD | ≈0.20% |
| Dec 14, 2021 | $0.26 | USD | ≈0.16% |
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Jul 21, 2026 | $6.03 | $5.77 | 4.5% |
| March 31, 2026 | $5.44 | $5.29 | 2.8% | |
| Dec. 31, 2025 | $6.57 | $6.51 | 0.91% | |
| Sept. 30, 2025 | $5.79 | $5.55 | 4.4% | |
| June 30, 2025 | $5.36 | $5.28 | 1.6% | |
| March 31, 2025 | $5.15 | $5.15 | -0.07% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $44.56B | $42.88B | $42.86B | $44.91B | $39.21B | $32.22B | $25.54B | $24.36B | · | $18.27B | $16.96B | |
| Cost of Revenue | · | · | · | · | · | · | · | · | · | $8.21B | $7.58B | |
| R&D Expense | $1.40B | $1.39B | $1.34B | $1.47B | $1.41B | $1.18B | $1.00B | $967M | · | $754M | $692M | |
| SG&A Expense | $8.73B | $8.60B | $8.45B | $8.99B | $8.01B | $6.93B | $6.14B | $6.06B | · | $4.97B | $4.61B | |
| Operating Expenses | $36.81B | $35.54B | $36.00B | $36.52B | $29.18B | $24.42B | $20.95B | $20.57B | · | $15.82B | $14.63B | |
| Operating Income | $7.75B | $7.34B | $6.86B | $8.39B | $10.03B | $7.79B | $4.59B | $3.78B | · | $2.46B | $2.34B | |
| Interest Expense | · | · | $1.38B | $726M | $536M | $553M | $676M | $667M | · | $469M | $415M | |
| Interest Income | $993M | $1.08B | $879M | $272M | $43M | $65M | $224M | $137M | · | $48M | $31M | |
| Other Non-op | $-12M | $12M | $-65M | $-104M | $-694M | $-76M | $-70M | $9M | · | $-13M | $-16M | |
| Pretax Income | $7.31B | $7.04B | $6.30B | $7.83B | $8.84B | $7.23B | $4.07B | $3.26B | · | $2.02B | $1.94B | |
| Income Tax | $547M | $657M | $284M | $703M | $1.11B | $850M | $374M | $324M | · | $-1M | $-44M | |
| Net Income | $6.70B | $6.33B | $6.00B | $6.96B | $7.73B | $6.38B | $3.70B | · | · | · | · | |
| EPS (Basic) | $17.77 | $16.58 | $15.52 | $17.75 | $19.62 | $16.09 | $9.24 | $7.31 | · | $5.12 | $4.96 | |
| EPS (Diluted) | $17.74 | $16.53 | $15.45 | $17.63 | $19.46 | $15.96 | $9.17 | $7.24 | · | $5.09 | $4.92 | |
| Shares (Basic) | 377,000,000 | 382,000,000 | 386,000,000 | 392,000,000 | 394,000,000 | 396,000,000 | 400,000,000 | 402,000,000 | · | 395,000,000 | 399,000,000 | |
| Shares (Diluted) | 378,000,000 | 383,000,000 | 388,000,000 | 394,000,000 | 397,000,000 | 399,000,000 | 403,000,000 | 406,000,000 | · | 397,000,000 | 402,000,000 | |
| EBITDA | $7.75B | $7.34B | $6.86B | $8.39B | $10.03B | $7.79B | $4.59B | $6.05B | · | $4.21B | $4.02B |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $9.85B | $4.01B | $8.08B | $8.52B | $4.48B | $10.32B | $2.40B | $2.10B | · | $786M | $452M | |
| Short-term Investments | $253M | $1.56B | $3M | · | · | · | · | · | · | · | · | |
| Receivables | $8.90B | $8.19B | $8.22B | $8.12B | $7.98B | $5.74B | $4.35B | $4.14B | $3.87B | $3.05B | $2.54B | |
| Inventory | $5.42B | $4.98B | $5.09B | $5.63B | $5.05B | $4.03B | $3.37B | $3.00B | $2.72B | $2.21B | $1.99B | |
| Other Current Assets | $2.61B | $1.96B | $1.76B | $1.64B | $1.64B | $1.13B | $1.17B | $922M | $1.47B | $595M | $534M | |
| Current Assets | $28.71B | $22.14B | $24.59B | $25.23B | $20.11B | $21.96B | $11.89B | $10.62B | · | $7.02B | $5.74B | |
| PP&E (Net) | $10.56B | $9.31B | $9.45B | $9.28B | $8.33B | $5.91B | $4.75B | $4.17B | · | $2.58B | $2.45B | |
| PP&E (Gross) | $18.38B | $16.06B | $15.52B | $14.27B | $12.59B | $9.58B | $7.76B | $6.82B | · | $4.42B | $4.11B | |
| Accum. Depreciation | $7.82B | $6.75B | $6.08B | $4.99B | $4.26B | $3.67B | $3.02B | $2.65B | · | $1.84B | $1.66B | |
| Goodwill | $49.36B | $45.85B | $44.02B | $41.20B | $41.92B | $26.04B | $25.71B | $25.35B | · | $21.33B | $18.83B | |
| Intangibles | $15.84B | $15.53B | $16.67B | $17.44B | $20.11B | $12.69B | $14.01B | $14.98B | · | $13.97B | $12.76B | |
| Other Non-current Assets | $5.87B | $4.49B | $4.00B | $4.01B | $4.64B | $2.46B | $2.01B | $1.12B | $1.17B | $1.01B | $1.06B | |
| Total Assets | $110.34B | $97.32B | $98.73B | $97.15B | $95.12B | $69.05B | $58.38B | $56.23B | · | $45.91B | $40.83B | |
| Accounts Payable | $3.62B | $3.08B | $2.87B | $3.38B | $2.87B | $2.17B | $1.92B | $1.61B | · | $926M | $822M | |
| Short-term Debt | · | · | · | · | · | · | · | $693M | · | $953M | $50M | |
| Current Liabilities | $15.19B | $13.33B | $14.01B | $17.01B | $13.44B | $10.30B | $6.20B | $6.15B | · | $4.87B | $4.15B | |
| Capital Leases | $1.20B | $1.24B | $1.24B | $1.31B | $1.20B | $626M | $571M | · | · | · | · | |
| Deferred Tax | $1.49B | $1.27B | $1.92B | $2.85B | $3.84B | $1.79B | $2.19B | $2.27B | $2.71B | $2.56B | $2.62B | |
| Other Non-current Liabilities | $4.27B | $3.99B | $4.64B | $4.24B | $4.54B | $3.33B | $3.24B | $2.52B | $2.64B | $1.57B | $1.29B | |
| Long-term Debt | $39.17B | $31.07B | $34.73B | $34.28B | $34.67B | $21.73B | $17.75B | $18.99B | · | · | · | |
| Total Debt | · | · | · | · | · | $19.11B | $17.08B | $693M | · | $953M | $50M | |
| Common Stock | $445M | $444M | $442M | $441M | $439M | $437M | $434M | $432M | · | $415M | $412M | |
| Retained Earnings | $59.16B | $53.10B | $47.36B | $41.91B | $35.43B | $28.12B | $22.09B | $18.70B | $16.03B | $13.93B | $12.14B | |
| Treasury Stock | $22.31B | $19.23B | $15.13B | $12.02B | $8.92B | $6.82B | $5.24B | $3.67B | · | $2.31B | $1.01B | |
| AOCI | $-2.45B | $-2.70B | $-3.22B | $-3.10B | $-2.33B | $-2.81B | $-2.68B | $-2.50B | $-2.09B | $-2.64B | $-2.00B | |
| Stockholders' Equity | $53.41B | $49.58B | $46.73B | $43.98B | $40.79B | $34.51B | $29.68B | $27.59B | · | $21.54B | $21.35B | |
| Liabilities + Equity | $110.34B | $97.32B | $98.73B | $97.15B | $95.12B | $69.05B | $58.38B | $56.23B | · | $45.91B | $40.83B | |
| Shares Outstanding | 445,000,000 | 444,000,000 | 442,000,000 | 441,000,000 | 439,000,000 | 437,000,000 | 434,000,000 | · | · | · | · |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | · | · | · | · | · | · | · | $2.27B | · | $1.76B | $1.69B | |
| Stock-based Comp | $310M | $301M | $278M | $307M | $230M | $196M | $181M | $181M | · | $133M | $125M | |
| Deferred Tax | $-639M | $-1.21B | $-1.30B | $-997M | $-645M | $-269M | $-499M | $-474M | · | $-639M | $-600M | |
| Amort. of Intangibles | $1.73B | $1.95B | $2.34B | $2.40B | $1.76B | $1.67B | $1.71B | $1.74B | · | $1.38B | $1.31B | |
| Restructuring | $197M | $97M | $194M | $68M | $37M | $51M | $52M | $88M | · | $167M | $90M | |
| Operating Cash Flow | $7.82B | $8.67B | $8.41B | $9.15B | $9.31B | $8.29B | $4.97B | $4.54B | · | $3.26B | $2.94B | |
| CapEx | $1.52B | $1.40B | $1.48B | $2.24B | $2.52B | $1.47B | $926M | $758M | · | $444M | $423M | |
| Investing Cash Flow | $-4.05B | $-5.84B | $-5.14B | $-2.16B | $-21.93B | $-1.51B | $-1.49B | $-1.25B | · | $-5.52B | $-1.09B | |
| Debt Issued | $7.76B | $1.20B | $5.94B | $3.19B | $18.14B | $3.46B | $5.64B | $690M | · | $7.60B | $1.80B | |
| Net Debt Issued | $5.35B | $-2.40B | $160M | $2.82B | $6.40B | $2.75B | $-722M | $-1.36B | · | $3.27B | $-1.98B | |
| Stock Issued | · | · | · | · | · | · | $0 | $0 | · | $0 | $0 | |
| Stock Repurchased | $3.00B | $4.00B | $3.00B | $3.00B | $2.00B | $1.50B | $1.50B | $500M | · | $1.25B | $500M | |
| Net Stock Activity | $-3.00B | $-4.00B | $-3.00B | $-3.00B | $-2.00B | $-1.50B | $-1.50B | $-500M | · | $-1.25B | $-500M | |
| Dividends Paid | $636M | $583M | $523M | $455M | $395M | $337M | $297M | $266M | · | $238M | $241M | |
| Financing Cash Flow | $1.80B | $-6.79B | $-3.62B | $-2.81B | $6.58B | $959M | $-3.12B | $-2.24B | · | $2.76B | $-2.62B | |
| Net Change in Cash | $5.84B | $-4.06B | $-440M | $4.05B | $-5.84B | $7.91B | $305M | $756M | · | $345M | $-898M | |
| Taxes Paid | $1.78B | $1.83B | $1.48B | · | · | · | · | · | · | · | · | |
| Free Cash Flow | $6.29B | $7.27B | $6.93B | $6.91B | $6.79B | $6.82B | $4.05B | $3.79B | · | $2.71B | $2.39B | |
| Levered FCF | · | · | $5.61B | $6.25B | $6.32B | $6.33B | $3.43B | $3.18B | · | $2.24B | $1.97B |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 17.4% | 17.1% | 16.0% | 18.7% | 25.6% | 24.2% | 18.0% | 15.5% | · | 13.4% | 13.8% | |
| Net Margin | 15.0% | 14.8% | 13.9% | 15.5% | 19.7% | · | · | · | · | · | · | |
| Pretax Margin | 16.4% | 16.4% | 14.7% | 17.4% | 22.6% | 22.4% | 15.9% | 13.4% | · | 11.1% | 11.4% | |
| EBITDA Margin | 17.4% | 17.1% | 16.0% | 18.7% | 25.6% | 24.2% | 18.0% | 24.8% | · | 23.0% | 23.7% | |
| ROA | 6.5% | 6.4% | 6.1% | 7.2% | 9.4% | · | · | · | · | · | · | |
| ROE | 13.0% | 13.2% | 13.1% | 16.4% | 19.9% | · | · | · | · | · | · | |
| ROIC | 13.4% | 13.4% | 14.0% | 17.4% | 21.5% | 12.8% | 8.9% | 12.0% | · | 10.9% | 11.2% |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.9 | 1.7 | 1.8 | 1.5 | 1.5 | 2.1 | 1.9 | 1.7 | · | 1.4 | 1.4 | |
| Quick Ratio | 1.3 | 1.0 | 1.2 | 1.0 | 0.9 | 1.6 | 1.1 | 1.0 | · | 0.8 | 0.7 | |
| Debt / Equity | · | · | · | · | · | 0.6 | 0.6 | 0.0 | · | 0.0 | 0.0 | |
| LT Debt / Equity | · | · | · | · | · | 0.6 | 0.6 | · | · | · | · | |
| Interest Coverage | · | · | 5.0 | 11.6 | 18.7 | 14.1 | 6.8 | 5.7 | · | 5.2 | 5.6 |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.4 | 0.4 | 0.4 | 0.5 | 0.5 | 0.5 | 0.4 | 0.4 | · | 0.4 | 0.4 | |
| Inventory Turnover | · | · | · | · | · | · | · | · | · | 3.9 | 3.9 | |
| Receivables Turnover | 5.2 | 5.2 | 5.2 | 5.6 | 5.7 | 6.4 | 6.0 | 6.1 | · | 6.5 | 6.8 |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $120.02 | $111.68 | $105.74 | $99.72 | · | · | · | · | · | · | · | |
| Revenue / Share | $117.87 | $111.96 | $110.46 | $114.00 | $98.77 | $80.75 | $63.38 | $60.00 | · | $45.98 | $42.21 | |
| Cash Flow / Share | $20.68 | $22.63 | $21.66 | $23.23 | $23.46 | $20.77 | $12.34 | $11.19 | · | $7.94 | $7.01 | |
| Cash / Share | $22.14 | $9.03 | $18.27 | $19.33 | · | · | · | · | · | · | · | |
| Dividend / Share | $1.72 | $1.56 | $1.40 | $1.20 | $1.04 | $0.88 | $0.76 | $0.68 | · | $0.60 | $0.60 | |
| EPS (TTM) | $17.74 | $16.53 | $15.45 | $17.63 | $19.46 | $15.96 | $9.17 | $7.24 | · | $5.09 | $4.92 |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 3.9% | 0.05% | -4.6% | 14.5% | 21.7% | · | · | · | · | · | · | |
| Revenue CAGR 3Y | -0.27% | 3.0% | 10.0% | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 6.7% | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 7.3% | 7.0% | -12.4% | -9.4% | 21.9% | · | · | · | · | · | · | |
| EPS CAGR 3Y | 0.21% | -5.3% | -1.1% | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 2.1% | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 5.8% | 5.7% | -13.9% | -9.9% | 21.2% | · | · | · | · | · | · | |
| Net Income CAGR 3Y | -1.2% | -6.4% | -2.0% | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 1.0% | · | · | · | · | · | · | · | · | · | · | |
| Dividends Paid CAGR 5Y | 13.5% | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $44.56B | $42.88B | $42.86B | $44.91B | $39.21B | $32.22B | $25.54B | $24.36B | · | $18.27B | $16.96B | |
| Net Income TTM | $6.70B | $6.33B | $6.00B | $6.96B | $7.73B | $6.38B | $3.70B | $1.48B | · | $1.48B | $1.48B | |
| Market Cap | $257.86B | $230.98B | $234.61B | $242.85B | · | · | · | · | · | · | · | |
| P/E | 32.7 | 31.5 | 34.4 | 31.2 | 34.3 | 29.2 | 35.4 | 30.9 | · | 27.7 | 28.8 | |
| P/S | 5.8 | 5.4 | 5.5 | 5.4 | · | · | · | · | · | · | · | |
| P/B | 4.8 | 4.7 | 5.0 | 5.5 | · | · | · | · | · | · | · | |
| P / Cash Flow | 33.0 | 26.7 | 27.9 | 26.5 | · | · | · | · | · | · | · | |
| P / FCF | 41.0 | 31.8 | 33.9 | 35.1 | · | · | · | · | · | · | · | |
| Dividend Yield | 0.25% | 0.25% | 0.22% | 0.19% | · | · | · | · | · | · | · | |
| Earnings Yield | 3.1% | 3.2% | 2.9% | 3.2% | 2.9% | 3.4% | 2.8% | 3.2% | · | 3.6% | 3.5% | |
| Payout Ratio | 9.5% | 9.2% | 8.8% | 6.5% | 5.1% | · | · | · | · | · | · | |
| Annual Payout | $636M | $583M | $523M | $455M | $395M | $337M | $297M | $266M | · | $238M | $241M |
Income Statement
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.99B | $11.01B | $12.21B | $11.12B | $10.86B | $10.36B | $11.39B | $10.60B | $10.54B | $10.35B | $10.89B | $10.57B | $10.71B | $11.45B | |
| R&D Expense | $364M | $336M | $357M | $346M | $352M | $342M | $374M | $346M | $339M | $331M | $327M | $319M | $346M | $391M | |
| SG&A Expense | $2.33B | $2.18B | $2.35B | $2.16B | $2.14B | $2.08B | $2.20B | $2.10B | $2.11B | $2.18B | $2.13B | $2.05B | $2.12B | $2.30B | |
| Operating Expenses | $9.91B | $9.14B | $9.96B | $9.18B | $9.02B | $8.65B | $9.38B | $8.76B | $8.72B | $8.68B | $9.03B | $8.71B | $9.15B | $9.59B | |
| Operating Income | $2.09B | $1.86B | $2.25B | $1.94B | $1.83B | $1.72B | $2.02B | $1.84B | $1.82B | $1.66B | $1.85B | $1.86B | $1.56B | $1.86B | |
| Interest Expense | · | · | · | · | · | · | · | · | · | $363M | · | $359M | $300M | · | |
| Interest Income | $207M | $233M | $259M | $234M | $297M | $203M | $227M | $277M | $295M | $279M | $309M | $246M | $146M | $150M | |
| Other Non-op | $31M | $-9M | $6M | $-2M | $-19M | $3M | $13M | $-16M | $5M | $10M | $-33M | $14M | $-46M | $35M | |
| Pretax Income | $1.92B | $1.73B | $2.15B | $1.83B | $1.71B | $1.62B | $1.94B | $1.74B | $1.76B | $1.59B | $1.74B | $1.76B | $1.36B | $1.78B | |
| Income Tax | $167M | $70M | $153M | $207M | $92M | $95M | $149M | $99M | $128M | $281M | $133M | $53M | $46M | $173M | |
| Net Income | $1.74B | $1.65B | $1.96B | $1.62B | $1.62B | $1.51B | $1.83B | $1.63B | $1.55B | $1.33B | $1.65B | $1.70B | $1.29B | $1.57B | |
| EPS (Basic) | $4.68 | $4.44 | $5.22 | $4.28 | $4.28 | $3.99 | $4.80 | $4.26 | $4.05 | $3.47 | $4.21 | $4.44 | $3.34 | $4.03 | |
| EPS (Diluted) | $4.68 | $4.43 | $5.21 | $4.27 | $4.28 | $3.98 | $4.78 | $4.25 | $4.04 | $3.46 | $4.20 | $4.42 | $3.32 | $4.01 | |
| Shares (Basic) | 371,000,000 | 372,000,000 | · | 378,000,000 | 378,000,000 | 378,000,000 | · | 382,000,000 | 382,000,000 | 382,000,000 | · | 386,000,000 | 386,000,000 | · | |
| Shares (Diluted) | 371,000,000 | 373,000,000 | · | 378,000,000 | 378,000,000 | 379,000,000 | · | 384,000,000 | 383,000,000 | 384,000,000 | · | 388,000,000 | 388,000,000 | · | |
| EBITDA | $2.09B | $1.86B | · | $1.94B | $1.83B | $1.72B | · | $1.84B | $1.82B | $1.66B | · | $1.86B | $1.56B | · |
Balance Sheet
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $4.06B | $3.25B | $9.85B | $1.98B | $4.58B | $4.13B | $4.01B | $4.64B | $7.07B | $5.50B | · | $6.15B | $3.48B | · | |
| Short-term Investments | $0 | $2M | $253M | $1.56B | $1.81B | $1.81B | $1.56B | $2.00B | $1.75B | $1.75B | · | · | · | · | |
| Receivables | $9.45B | $9.20B | $8.90B | $8.91B | $8.59B | $8.46B | $8.19B | $8.26B | $7.94B | $7.93B | · | $8.37B | $7.92B | · | |
| Inventory | $5.63B | $5.50B | $5.42B | $5.75B | $5.56B | $5.22B | $4.98B | $5.43B | $5.20B | $5.13B | · | $5.40B | $5.66B | · | |
| Other Current Assets | $2.54B | $2.68B | $2.61B | $2.47B | $2.60B | $2.39B | $1.96B | $1.91B | $2.02B | $1.90B | · | $1.70B | $1.77B | · | |
| Current Assets | $23.36B | $22.32B | $28.71B | $22.30B | $24.58B | $23.38B | $22.14B | $23.78B | $25.48B | $23.64B | · | $23.09B | $20.21B | · | |
| PP&E (Net) | $10.76B | $10.66B | $10.56B | $10.18B | $9.63B | $9.33B | $9.31B | $9.41B | $9.28B | $9.32B | · | $9.17B | $9.35B | · | |
| PP&E (Gross) | · | · | $18.38B | · | · | · | $16.06B | · | · | · | · | · | · | · | |
| Accum. Depreciation | · | · | $7.82B | · | · | · | $6.75B | · | · | · | · | · | · | · | |
| Goodwill | $54.83B | $55.19B | $49.36B | $49.29B | $47.25B | $46.49B | $45.85B | $46.73B | $43.84B | $43.84B | $44.02B | $43.58B | $43.14B | $41.20B | |
| Intangibles | $18.61B | $19.15B | $15.84B | $16.24B | $15.15B | $15.32B | $15.53B | $16.26B | $15.52B | $16.05B | · | $17.09B | $17.97B | · | |
| Other Non-current Assets | $5.62B | $5.97B | $5.87B | $5.02B | $4.62B | $4.52B | $4.49B | $4.18B | $4.38B | $4.24B | · | $4.12B | $3.98B | · | |
| Total Assets | $113.17B | $113.28B | $110.34B | $103.02B | $101.23B | $99.04B | $97.32B | $100.36B | $98.50B | $97.09B | $98.73B | $97.06B | $94.66B | $97.15B | |
| Accounts Payable | $3.27B | $3.34B | $3.62B | $3.12B | $2.98B | $3.05B | $3.08B | $2.61B | $2.55B | $2.56B | · | $2.51B | $2.80B | · | |
| Current Liabilities | $15.07B | $14.62B | $15.19B | $14.89B | $12.72B | $13.17B | $13.33B | $14.60B | $14.77B | $13.94B | · | $14.16B | $15.88B | · | |
| Capital Leases | · | · | $1.20B | · | · | · | $1.24B | · | · | · | · | · | · | · | |
| Deferred Tax | $1.58B | $2.11B | $1.49B | $842M | $624M | $1.04B | $1.27B | $1.12B | $1.52B | $1.81B | · | $2.62B | $2.98B | · | |
| Other Non-current Liabilities | $4.54B | $4.42B | $4.27B | $4.28B | $4.27B | $3.97B | $3.99B | $4.34B | $4.39B | $4.57B | · | $4.33B | $4.23B | · | |
| Long-term Debt | $42.28B | $42.95B | $39.17B | $35.48B | $35.03B | $33.99B | $31.07B | $35.11B | $35.20B | $35.39B | · | $35.08B | $35.05B | · | |
| Common Stock | $446M | $445M | $445M | $445M | $444M | $444M | $444M | $444M | $443M | $443M | · | $442M | $441M | · | |
| Retained Earnings | $62.19B | $60.63B | $59.16B | $57.35B | $55.90B | $54.45B | $53.10B | $51.42B | $49.94B | $48.54B | · | $45.87B | $43.06B | · | |
| Treasury Stock | $26.37B | $25.36B | $22.31B | $22.31B | $21.27B | $21.27B | $19.23B | $18.23B | $18.19B | $18.19B | · | $15.12B | $15.08B | · | |
| AOCI | $-2.46B | $-2.50B | $-2.45B | $-2.80B | $-2.80B | $-2.34B | $-2.70B | $-2.48B | $-2.41B | $-2.76B | · | $-3.03B | $-3.05B | · | |
| Stockholders' Equity | $52.68B | $51.93B | $53.41B | $51.02B | $50.51B | $49.39B | $49.58B | $48.99B | $47.43B | $45.52B | · | $45.33B | $42.26B | · | |
| Liabilities + Equity | $113.17B | $113.28B | $110.34B | $103.02B | $101.23B | $99.04B | $97.32B | $100.36B | $98.50B | $97.09B | · | $97.06B | $94.66B | · | |
| Shares Outstanding | 446,000,000 | 445,000,000 | 445,000,000 | 445,000,000 | 444,000,000 | 444,000,000 | 444,000,000 | 444,000,000 | 443,000,000 | 443,000,000 | 442,000,000 | 442,000,000 | 441,000,000 | 441,000,000 |
Cash Flow
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock-based Comp | $82M | $83M | $84M | $70M | $81M | $75M | $79M | $68M | $84M | $70M | $61M | $67M | $76M | $75M | |
| Deferred Tax | $-208M | $-258M | $89M | $-127M | $-322M | $-279M | $-202M | $-400M | · | · | · | · | · | · | |
| Amort. of Intangibles | $485M | $430M | $436M | $435M | $430M | $429M | $438M | $449M | $514M | $551M | $563M | $584M | $606M | $592M | |
| Restructuring | $38M | $34M | $36M | $62M | $56M | $43M | $20M | $26M | $26M | $25M | $19M | $38M | $50M | $37M | |
| Operating Cash Flow | $2.12B | $1.19B | $3.46B | $2.24B | $1.40B | $723M | $3.29B | $2.17B | $1.96B | $1.25B | $3.72B | $2.41B | $729M | $3.49B | |
| CapEx | $450M | $376M | $465M | $404M | $294M | $362M | $480M | $272M | $301M | $347M | $405M | $332M | $458M | $550M | |
| Investing Cash Flow | $164M | $-8.96B | $891M | $-4.12B | $-288M | $-527M | $20M | $-3.58B | $-253M | $-2.03B | $-376M | $-1.18B | $-3.14B | $-525M | |
| Debt Issued | $0 | $5.24B | $4.92B | $0 | $0 | $2.84B | $0 | $0 | $-1M | $1.21B | $2.48B | $3.47B | $0 | $3.19B | |
| Net Debt Issued | · | $3.83B | · | · | · | $2.00B | · | · | · | $1.21B | · | · | $0 | · | |
| Stock Repurchased | $1.00B | $3.00B | $37M | $963M | $0 | $2.00B | $1.00B | $0 | $0 | $3.00B | $0 | $0 | $3.00B | $1.00B | |
| Net Stock Activity | · | $-3.00B | · | · | · | $-2.00B | · | · | · | $-3.00B | · | · | $-3.00B | · | |
| Dividends Paid | $175M | $162M | $162M | $163M | $162M | $149M | $149M | $150M | $149M | $135M | $136M | $135M | $117M | $117M | |
| Financing Cash Flow | $-1.57B | $1.09B | $3.53B | $-632M | $-991M | $-102M | $-3.67B | $-1.19B | $-115M | $-1.82B | $-1.43B | $1.85B | $-2.59B | $2.39B | |
| Net Change in Cash | $817M | $-6.60B | $7.87B | $-2.59B | $431M | $132M | $-630M | $-2.43B | $1.58B | $-2.58B | $1.93B | $3.02B | $-5.04B | $5.60B | |
| Free Cash Flow | · | $816M | · | · | · | $361M | · | · | · | $904M | · | · | $271M | · | |
| Levered FCF | · | · | · | · | · | · | · | · | · | $605M | · | · | $-19M | · |
Profitability
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 17.4% | 16.9% | · | 17.4% | 16.9% | 16.6% | · | 17.3% | 17.3% | 16.1% | · | 17.6% | 14.6% | · | |
| Net Margin | 14.5% | 15.0% | · | 14.5% | 14.9% | 14.6% | · | 15.4% | 14.7% | 12.9% | · | 16.0% | 12.1% | · | |
| Pretax Margin | 16.0% | 15.8% | · | 16.4% | 15.7% | 15.6% | · | 16.4% | 16.7% | 15.4% | · | 16.7% | 12.7% | · | |
| EBITDA Margin | 17.4% | 16.9% | · | 17.4% | 16.9% | 16.6% | · | 17.3% | 17.3% | 16.1% | · | 17.6% | 14.6% | · | |
| ROA | 1.6% | 1.6% | · | 1.6% | 1.6% | 1.5% | · | 1.7% | 1.6% | 1.4% | · | 1.8% | · | · | |
| ROE | 3.4% | 3.3% | · | 3.2% | 3.3% | 3.2% | · | 3.5% | 3.4% | 3.0% | · | 3.8% | · | · | |
| ROIC | 3.6% | 3.4% | · | 3.4% | 3.4% | 3.3% | · | 3.5% | 3.6% | 3.0% | · | 4.0% | · | · |
Liquidity & Solvency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.6 | 1.5 | · | 1.5 | 1.9 | 1.8 | · | 1.6 | 1.7 | 1.7 | · | 1.6 | · | · | |
| Quick Ratio | 0.9 | 0.9 | · | 0.8 | 1.2 | 1.1 | · | 1.0 | 1.1 | 1.1 | · | 1.0 | · | · | |
| Interest Coverage | · | · | · | · | · | · | · | · | · | 4.6 | · | 5.2 | 5.2 | · |
Efficiency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | · | · | |
| Receivables Turnover | 1.3 | 1.2 | · | 1.3 | 1.3 | 1.3 | · | 1.3 | 1.3 | 1.3 | · | 1.3 | · | · |
Per Share
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $118.11 | $116.71 | · | $114.65 | $113.77 | $111.24 | · | $110.34 | $107.07 | $102.74 | · | $102.55 | · | · | |
| Revenue / Share | $32.33 | $29.50 | · | $29.42 | $28.72 | $27.35 | · | $27.60 | $27.52 | $26.94 | · | $27.25 | $27.60 | · | |
| Cash Flow / Share | · | $3.20 | · | · | · | $1.91 | · | · | · | $3.26 | · | · | $1.88 | · | |
| Cash / Share | $9.11 | $7.31 | · | $4.45 | $10.31 | $9.31 | · | $10.46 | $15.97 | $12.41 | · | $13.92 | · | · | |
| Dividend / Share | $0.47 | $0.47 | $0.43 | $0.43 | $0.43 | $0.43 | $0.39 | $0.39 | $0.39 | $0.39 | $0.35 | $0.35 | $0.35 | $0.30 | |
| EPS (TTM) | $18.59 | $18.19 | · | $17.31 | $17.29 | $17.05 | · | $15.95 | $16.12 | $15.59 | · | $15.26 | $15.34 | · |
Valuation (TTM)
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $46.34B | $45.20B | · | $43.74B | $43.21B | $42.90B | · | $42.37B | $42.35B | $42.49B | · | $43.42B | $43.81B | · | |
| Net Income TTM | $6.96B | $6.84B | · | $6.57B | $6.58B | $6.51B | · | $6.16B | $6.22B | $6.03B | · | $5.92B | $6.03B | · | |
| Market Cap | $228.81B | $210.65B | · | $206.59B | $181.28B | $222.07B | · | $272.80B | $244.98B | $257.48B | · | $223.73B | · | · | |
| P/E | 27.6 | 26.0 | · | 26.8 | 23.6 | 29.3 | · | 38.5 | 34.3 | 37.3 | · | 33.2 | 37.6 | · | |
| P/S | 4.9 | 4.7 | · | 4.7 | 4.2 | 5.2 | · | 6.4 | 5.8 | 6.1 | · | 5.2 | · | · | |
| P/B | 4.3 | 4.1 | · | 4.0 | 3.6 | 4.5 | · | 5.6 | 5.2 | 5.7 | · | 4.9 | · | · | |
| P / Cash Flow | · | 176.7 | · | · | · | 307.2 | · | · | · | 205.8 | · | · | · | · | |
| Dividend Yield | 0.29% | 0.31% | · | 0.30% | 0.34% | 0.27% | · | 0.21% | 0.23% | · | · | · | · | · | |
| Earnings Yield | 3.6% | 3.8% | · | 3.7% | 4.2% | 3.4% | · | 2.6% | 2.9% | 2.7% | · | 3.0% | 2.7% | · | |
| Payout Ratio | · | 9.8% | · | · | · | 9.9% | · | · | · | 10.1% | · | · | 9.1% | · | |
| Annual Payout | $662M | $649M | · | $623M | $610M | $597M | · | $570M | $555M | · | · | · | · | · |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2025-06-28 | 2025-03-29 | 2024-12-31 | 2024-09-28 |
|---|---|---|---|---|---|
| Revenue | $44.56B | · | · | $42.88B | · |
| Operating Margin % | 17.4% | · | · | 17.1% | · |
| Net Income | $6.70B | · | · | $6.33B | · |
| Diluted EPS | $17.74 | · | · | $16.53 | · |
| Metric | 2025-12-31 | 2025-06-28 | 2025-03-29 | 2024-12-31 | 2024-09-28 |
|---|---|---|---|---|---|
| Current Ratio | 1.9 | · | · | 1.7 | · |
| Quick Ratio | 1.3 | · | · | 1.0 | · |
| Metric | 2025-12-31 | 2025-06-28 | 2025-03-29 | 2024-12-31 | 2024-09-28 |
|---|---|---|---|---|---|
| Free Cash Flow | $6.29B | · | · | $7.27B | · |
Institutional owners (13F) 2,864 filers · $186.7B total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 188 (-23 vs prior Q) | 142 (-74 vs prior Q) | 938 (-42 vs prior Q) | 1,170 (+62 vs prior Q) | +4.3M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD GROUP INC | $19,778,773,624 | 34,133,702 | 10.60% | Shares |
| BlackRock, Inc. | $15,501,866,869 | 30,919,632 | 8.31% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $12,171,173,789 | 24,276,316 | 6.52% | Shares |
| STATE STREET CORP | $8,443,627,719 | 16,825,879 | 4.52% | Shares |
| FMR LLC | $7,061,398,716 | 14,084,488 | 3.78% | Shares |
| MORGAN STANLEY | $5,396,172,492 | 10,763,066 | 2.89% | Shares |
| JPMORGAN CHASE & CO | $4,306,357,475 | 8,503,527 | 2.31% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $4,182,710,443 | 8,382,401 | 2.24% | Shares |
| FRANKLIN RESOURCES INC | $3,645,646,214 | 7,271,514 | 1.95% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $3,121,552,090 | 6,226,169 | 1.67% | Shares |
| Capital World Investors | $3,106,193,041 | 6,195,370 | 1.66% | Shares |
| NORGES BANK | $2,550,871,048 | 5,087,903 | 1.37% | Shares |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | $2,276,759,119 | 2,965,714 | 1.22% | Shares |
| Capital Research Global Investors | $2,079,461,815 | 4,147,545 | 1.11% | Shares |
| Bank of New York Mellon Corp | $1,974,561,448 | 3,938,410 | 1.06% | Shares |
| BANK OF AMERICA CORP /DE/ | $1,952,930,190 | 3,895,265 | 1.05% | Shares |
| ROYAL BANK OF CANADA | $1,720,064,000 | 3,430,798 | 0.92% | Shares |
| NORTHERN TRUST CORP | $1,668,945,218 | 3,328,836 | 0.89% | Shares |
| Capital International Investors | $1,595,416,232 | 3,182,151 | 0.85% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $1,561,499,257 | 3,114,527 | 0.84% | Shares |
| Dodge & Cox | $1,531,543,498 | 3,054,778 | 0.82% | Shares |
| GOLDMAN SACHS GROUP INC | $1,482,554,827 | 2,957,066 | 0.79% | Shares |
| Fisher Asset Management, LLC | $1,461,823,432 | 2,915,715 | 0.78% | Shares |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | $1,382,624,262 | 2,757,752 | 0.74% | Shares |
| Grantham, Mayo, Van Otterloo & Co. LLC | $1,373,321,891 | 2,739,191 | 0.74% | Shares |
| UBS Group AG | $1,264,032,845 | 2,521,208 | 0.68% | Shares |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $1,204,099,566 | 2,449,697 | 0.65% | Shares |
| Legal & General Group Plc | $1,122,351,013 | 2,238,613 | 0.60% | Shares |
| EdgePoint Investment Group Inc. | $1,092,789,324 | 2,179,650 | 0.59% | Shares |
| Invesco Ltd. | $1,092,468,383 | 2,179,010 | 0.59% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $1,046,130,256 | 2,086,585 | 0.56% | Shares |
| Unisphere Establishment | $1,032,801,600 | 2,060,000 | 0.55% | Shares |
| Mitsubishi UFJ Asset Management Co., Ltd. | $1,009,204,590 | 2,012,934 | 0.54% | Shares |
| PRIMECAP MANAGEMENT CO/CA/ | $993,831,390 | 1,982,271 | 0.53% | Shares |
| VIKING GLOBAL INVESTORS LP | $971,342,384 | 1,937,415 | 0.52% | Shares |
| FLOSSBACH VON STORCH SE | $955,579,626 | 1,905,975 | 0.51% | Shares |
| Amundi | $909,011,305 | 1,813,091 | 0.49% | Shares |
| ALLIANCEBERNSTEIN L.P. | $908,857,157 | 1,849,037 | 0.49% | Shares |
| 1832 Asset Management L.P. | $863,062,662 | 1,721,443 | 0.46% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $858,828,758 | 1,712,845 | 0.46% | Shares |
| Clearbridge Investments, LLC | $847,834,531 | 1,691,069 | 0.45% | Shares |
| PARNASSUS INVESTMENTS, LLC | $822,024,341 | 1,639,589 | 0.44% | Shares |
| AMERIPRISE FINANCIAL INC | $775,851,866 | 1,547,342 | 0.42% | Shares |
| SCHRODER INVESTMENT MANAGEMENT GROUP | $764,701,846 | 1,525,255 | 0.41% | Shares |
| Nuveen, LLC | $758,647,435 | 1,513,180 | 0.41% | Shares |
| WELLS FARGO & COMPANY/MN | $731,198,667 | 1,458,431 | 0.39% | Shares |
| BARCLAYS PLC | $678,897,592 | 1,354,112 | 0.36% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $667,185,605 | 1,330,750 | 0.36% | Shares |
| LOOMIS SAYLES & CO L P | $659,381,019 | 1,315,185 | 0.35% | Shares |
| Swedbank AB | $651,146,314 | 1,298,760 | 0.35% | Shares |
Activists & 5%+ owners 22 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Pharmaceutical Product Development, LLC, Wildcat Acquisition Holdings (UK) Limited, Jaguar Holding Company II, Jaguar Holding Company I, LLC, Eagle Holding Company II, LLC, PPD, Inc., Thermo Fisher Scientific Powder US Holdings Corp., Thermo Fisher Scientific Inc., Fisher Scientific International LLC, Fisher Scientific Worldwide Inc., Spectra-Physics Holdings USA, LLC, Thermo Fisher Scientific Powder Holdings I Ltd, Thermo Fisher Scientific Powder Holdings II Ltd, Thermo Fisher Scientific Powder Holdings III Ltd, Thermo Fisher Scientific Powder Holdings IV Ltd, Thermo Fisher Scientific Powder US Holdings Ltd ×2 filings | March 14, 2024 | · | Initial filing | M&A / sale | SEC |
| Thermo Fisher Scientific Inc., Thermo Fisher (CN) Luxembourg S.à r.l. ×2 filings | Sept. 13, 2017 | · | Initial filing | · | SEC |
| Undisclosed reporting person | June 30, 2005 | · | Initial filing | · | SEC |
| Undisclosed reporting person | May 11, 2005 | · | Initial filing | · | SEC |
| Undisclosed reporting person | March 24, 2005 | · | Initial filing | · | SEC |
| Undisclosed reporting person | March 2, 2005 | · | Initial filing | · | SEC |
| Undisclosed reporting person | July 28, 2004 | · | Initial filing | · | SEC |
| Undisclosed reporting person | July 27, 2004 | · | Initial filing | · | SEC |
| Undisclosed reporting person | Oct. 28, 2003 | · | Initial filing | · | SEC |
| Undisclosed reporting person | Oct. 17, 2002 | · | Initial filing | · | SEC |
| Undisclosed reporting person | Oct. 16, 2002 | · | Initial filing | · | SEC |
| Undisclosed reporting person | April 4, 2002 | · | Initial filing | · | SEC |
| Undisclosed reporting person | April 1, 2002 | · | Initial filing | · | SEC |
| Thermo Electron Corporation IRS No. ×5 filings | Dec. 27, 2001 | · | Initial filing | · | SEC |
| Undisclosed reporting person | Nov. 21, 2001 | · | Initial filing | · | SEC |
| Undisclosed reporting person | Aug. 27, 2001 | · | Initial filing | · | SEC |
| Undisclosed reporting person | Aug. 24, 2001 | · | Initial filing | · | SEC |
| Undisclosed reporting person | Aug. 24, 2001 | · | Initial filing | M&A / sale | SEC |
| Undisclosed reporting person | July 6, 2001 | · | Initial filing | M&A / sale | SEC |
| Undisclosed reporting person | June 22, 2001 | · | Initial filing | · | SEC |
| Undisclosed reporting person | Feb. 27, 2001 | · | Initial filing | M&A / sale | SEC |
| Undisclosed reporting person | Feb. 22, 2001 | · | Initial filing | · | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders 61 insiders · 34 officers · 29 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Marc N Casper | Chairman & CEO | Aug. 28, 2026 F | 122,669 | 0 | 134 | $-53,892,512 |
| Marijn E Dekkers | Chief Executive Officer | Aug. 17, 2009 F | 42,554 | 0 | 0 | $0 |
| James Meyer | Sr. Vice President & CFO | Aug. 28, 2026 F | 5,560 | 0 | 0 | $0 |
| Stephen Williamson | Retiring Sr. VP and CFO | Feb. 28, 2026 F | 32,499 | 0 | 0 | $0 |
| Kyriazi Theo Melas | VP & Chief Financial Officer | Sept. 16, 2004 M | 158,199 | 0 | 0 | $0 |
| Gianluca Pettiti | President & COO | Aug. 31, 2026 M | 23,216 | 0 | 8 | $-5,121,937 |
| Mark Stevenson | Retiring Executive VP & COO | Feb. 25, 2022 F | 62,141 | 0 | 0 | $0 |
| Thomas B Shropshire Jr. | SVP and General Counsel | Aug. 28, 2026 F | 6,008 | 0 | 0 | $0 |
| Michael D Shafer | Executive Vice President | Aug. 28, 2026 F | 20,204 | 0 | 5 | $-22,537,536 |
| Joseph R. Holmes | VP & Chief Accounting Officer | Aug. 28, 2026 F | 2,916 | 0 | 1 | $-245,620 |
| Lisa P. Britt | Sr. VP and Chief HR Officer | Aug. 28, 2026 F | 14,391 | 0 | 5 | $-16,874,325 |
| Frederick M. Lowery | Executive Vice President | Feb. 28, 2026 F | 15,044 | 0 | 2 | $-8,154,131 |
| Michel Lagarde | Executive Vice President | Feb. 28, 2026 F | 85,151 | 0 | 5 | $-51,307,290 |
| Michael A Boxer | SVP and General Counsel | March 10, 2025 S | 10,816 | 0 | 0 | $0 |
| Syed A. Jafry | Sr. Vice President | Feb. 26, 2021 F | 22,349 | 0 | 0 | $0 |
| Peter E Hornstra | VP & Chief Accounting Officer | Feb. 26, 2021 F | 1,962 | 0 | 0 | $0 |
| Patrick M Durbin | Senior Vice President | Aug. 28, 2019 F | 38,868 | 0 | 0 | $0 |
| Gregory J. Herrema | Senior Vice President | Aug. 28, 2019 F | 26,967 | 0 | 0 | $0 |
| Seth H Hoogasian | Sr. VP & Retiring Gen. Counsel | Feb. 28, 2018 F | 26,530 | 0 | 0 | $0 |
| Shine Daniel P | Senior Vice President | Aug. 30, 2017 S | 20,682 | 0 | 0 | $0 |
| Thomas W Loewald | Senior Vice President | Aug. 28, 2017 F | 38,133 | 0 | 0 | $0 |
| Peter M Wilver | Exec. VP & Chief Admin Officer | March 15, 2017 S | 62,517 | 0 | 0 | $0 |
| Alan J Malus | Executive Vice President | March 10, 2016 M | 47,286 | 0 | 0 | $0 |
| Andrew J Thomson | Senior Vice President | Aug. 26, 2015 F | 52,389 | 0 | 0 | $0 |
| Edward A Pesicka | Senior Vice President | March 5, 2015 M | 80,641 | 0 | 0 | $0 |
| Kenneth Berger | Senior Vice President | Feb. 26, 2012 F | 36,128 | 0 | 0 | $0 |
| Stephen G Sheehan | Sr. VP, Human Resources | March 5, 2010 F | 4,396 | 0 | 0 | $0 |
| Yuh-Geng Tsay | Senior Vice President | Feb. 26, 2010 F | 110,369 | 0 | 0 | $0 |
| Alexander G Stachtiaris | Sr. VP, Global Bus. Services | March 5, 2008 A | 17,236 | 0 | 0 | $0 |
| Fredric T Walder | Sr. VP, Customer Excellence | March 5, 2008 A | 16,730 | 0 | 0 | $0 |
| Guy Broadbent | Senior Vice President | March 5, 2008 A | 31,545 | 0 | 0 | $0 |
| Joseph R Massaro | Sr. VP, Global Bus. Services | Nov. 16, 2007 S | 15,000 | 0 | 0 | $0 |
| SYRON RICHARD F/CA | Executive Chairman | Dec. 12, 2003 S | 80,320 | 0 | 0 | $0 |
| Barry S Howe | VP, Measurement & Control | July 31, 2003 M | 23,247 | 0 | 0 | $0 |
| Alexandra R. Keith | Director | Sept. 26, 2026 A | 2,602 | 0 | 0 | $0 |
| Dion J Weisler | Director | Sept. 26, 2026 A | 5,446 | 0 | 0 | $0 |
| Karen S Lynch | Director | Sept. 26, 2026 A | 1,159 | 0 | 0 | $0 |
| Scott M Sperling | Director | Sept. 26, 2026 A | 69,479 | 0 | 0 | $0 |
| Jennifer M Johnson | Director | Sept. 26, 2026 A | 1,403 | 0 | 0 | $0 |
| Debora L Spar | Director | May 20, 2026 A | 2,610 | 0 | 0 | $0 |
| Tyler Jacks | Director | May 20, 2026 A | 9,462 | 0 | 0 | $0 |
| Ruby R Chandy | Director | May 20, 2026 A | 3,463 | 0 | 0 | $0 |
| Nelson Chai | Director | May 20, 2026 A | 15,316 | 0 | 0 | $0 |
| Martin C Harris | Director | May 20, 2026 A | 9,532 | 0 | 0 | $0 |
| MULLEN JAMES C | Director | May 21, 2025 A | 3,393 | 0 | 0 | $0 |
| Lars Rebien Sorensen | Director | May 22, 2024 F | 9,233 | 0 | 0 | $0 |
| Jim P Manzi | Director | Feb. 3, 2023 S | 14,807 | 0 | 0 | $0 |
| Thomas J Lynch | Director | Nov. 5, 2021 G | 10,257 | 0 | 0 | $0 |
| Judy C Lewent | Director | May 20, 2020 A | 1,290 | 0 | 0 | $0 |
| Elaine Ullian | Director | May 22, 2019 A | 4,706 | 0 | 0 | $0 |
| William G Parrett | Director | Feb. 23, 2018 S | 11,660 | 0 | 0 | $0 |
| Michael E Porter | Director | March 9, 2012 M | 14,640 | 0 | 0 | $0 |
| Peter J Manning | Director | May 25, 2011 A | 6,548 | 0 | 0 | $0 |
| Michael Adam Bell | Director | May 20, 2010 A | 8,192 | 0 | 0 | $0 |
| Stephen P Kaufman | Director | May 20, 2010 A | 9,192 | 0 | 0 | $0 |
| Bruce L Koepfgen | Director | Aug. 18, 2008 M | 6,143 | 0 | 0 | $0 |
| Paul M Meister | Director | Jan. 8, 2007 S | 350,000 | 0 | 0 | $0 |
| John L Lamattina | Director | May 24, 2006 A | 3,000 | 0 | 0 | $0 |
| Leary Robert O | Director | May 24, 2006 A | 1,000 | 0 | 0 | $0 |
| MCCABE ROBERT A | Director | May 24, 2006 A | 32,558 | 0 | 0 | $0 |
| THERMO ELECTRON CORP | 10% owner | April 22, 2004 S | 1,435,000 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 140 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| JDOC · J.P. Morgan Exchange-Traded Fund Tr… | 3.73% | 590 NS | July 31, 2026 | N-PORT |
| IYH · iShares Trust | 3.61% | 217,630 SH | Sept. 11, 2026 | Daily |
| FHLC · FIDELITY COVINGTON TRUST | 3.09% | 176,781 NS | July 31, 2026 | N-PORT |
| IXJ · iShares Trust | 2.84% | 195,408 SH | Sept. 11, 2026 | Daily |
| QIDX · Spinnaker ETF Series | 2.79% | 1,886 NS | July 31, 2026 | N-PORT |
| VHT · VANGUARD WORLD FUND | 2.74% | 1,117,168 SH | Aug. 19, 2026 | Daily |
| CURE · Direxion Shares ETF Trust | 2.45% | 7,313 NS | July 31, 2026 | N-PORT |
| HTEC · EXCHANGE TRADED CONCEPTS TRUST | 2.18% | 2,621 NS | July 31, 2026 | N-PORT |
| BKDV · BNY Mellon ETF Trust II | 2.08% | 66,570 NS | July 31, 2026 | N-PORT |
| HGRO · ETF Opportunities Trust | 2.04% | 4,490 NS | July 31, 2026 | N-PORT |
| RSPH · Invesco Exchange-Traded Fund Trust | 1.82% | 23,572 SH | Oct. 1, 2026 | Daily |
| PEXL · Pacer Funds Trust | 1.75% | 1,544 NS | July 31, 2026 | N-PORT |
| RILA · Spinnaker ETF Series | 1.52% | 1,115 NS | July 31, 2026 | N-PORT |
| ALRG · ALLSPRING EXCHANGE-TRADED FUNDS TRU… | 1.30% | 189 NS | July 31, 2026 | N-PORT |
| MEDI · Harbor ETF Trust | 1.16% | 835 NS | July 31, 2026 | N-PORT |
| EQWL · Invesco Exchange-Traded Fund Trust | 1.14% | 46,585 SH | Oct. 1, 2026 | Daily |
| FBCV · FIDELITY COVINGTON TRUST | 1.14% | 3,499 NS | July 31, 2026 | N-PORT |
| FXH · First Trust Exchange-Traded AlphaDE… | 0.97% | 17,671 NS | July 31, 2026 | N-PORT |
| USXF · iShares Trust | 0.90% | 22,077 SH | Sept. 11, 2026 | Daily |
| OEI · Listed Funds Trust | 0.89% | 716 NS | July 31, 2026 | N-PORT |
| MGV · VANGUARD WORLD FUND | 0.88% | 233,578 SH | Aug. 19, 2026 | Daily |
| BIGY · Tidal Trust II | 0.87% | 823 NS | July 31, 2026 | N-PORT |
| IWX · iShares Trust | 0.83% | 53,682 SH | Sept. 11, 2026 | Daily |
| FFLC · FIDELITY COVINGTON TRUST | 0.81% | 16,994 NS | July 31, 2026 | N-PORT |
| DFLV · Dimensional ETF Trust | 0.81% | 94,942 NS | July 31, 2026 | N-PORT |
| JOYT · J.P. Morgan Exchange-Traded Fund Tr… | 0.78% | 1,330 NS | July 31, 2026 | N-PORT |
| DFUV · Dimensional ETF Trust | 0.77% | 205,903 NS | July 31, 2026 | N-PORT |
| IVE · iShares Trust | 0.75% | 617,221 SH | Sept. 11, 2026 | Daily |
| FQAL · FIDELITY COVINGTON TRUST | 0.75% | 18,491 NS | July 31, 2026 | N-PORT |
| IUSV · iShares Trust | 0.71% | 325,171 SH | Sept. 11, 2026 | Daily |
| VTV · VANGUARD INDEX FUNDS | 0.70% | 3,534,266 SH | Aug. 19, 2026 | Daily |
| ILCV · iShares Trust | 0.65% | 14,473 SH | Sept. 11, 2026 | Daily |
| CHRI · Global X Funds | 0.65% | 90 NS | July 31, 2026 | N-PORT |
| ACIO · ETF Series Solutions | 0.65% | 26,455 NS | July 31, 2026 | N-PORT |
| ADME · ETF Series Solutions | 0.65% | 3,294 NS | July 31, 2026 | N-PORT |
| VOOV · VANGUARD ADMIRAL FUNDS | 0.64% | 85,558 SH | Aug. 19, 2026 | Daily |
| IWD · iShares Trust | 0.60% | 826,180 SH | Sept. 11, 2026 | Daily |
| WINN · Harbor ETF Trust | 0.60% | 11,840 NS | July 31, 2026 | N-PORT |
| RCGE · EA Series Trust | 0.58% | 1,015 NS | July 31, 2026 | N-PORT |
| FFLV · FIDELITY COVINGTON TRUST | 0.58% | 165 NS | July 31, 2026 | N-PORT |
| DYNF · BlackRock ETF Trust | 0.56% | 383,202 SH | Sept. 11, 2026 | Daily |
| IOO · iShares Trust | 0.55% | 81,843 SH | Sept. 11, 2026 | Daily |
| VONV · VANGUARD SCOTTSDALE FUNDS | 0.52% | 224,456 SH | Aug. 19, 2026 | Daily |
| IUS · Invesco Exchange-Traded Self-Indexe… | 0.51% | 7,209 SH | Oct. 1, 2026 | Daily |
| BSCQ · Invesco Exchange-Traded Self-Indexe… | 0.51% | 16,084,000 | Oct. 1, 2026 | Daily |
| OEF · iShares Trust | 0.47% | 157,148 SH | Sept. 11, 2026 | Daily |
| CVAR · ETF Opportunities Trust | 0.46% | 345 NS | July 31, 2026 | N-PORT |
| EVUS · iShares Trust | 0.45% | 2,862 SH | Sept. 11, 2026 | Daily |
| QVML · Invesco Exchange-Traded Fund Trust … | 0.43% | 10,559 SH | Oct. 1, 2026 | Daily |
| BSCT · Invesco Exchange-Traded Self-Indexe… | 0.42% | 12,841,000 | Oct. 1, 2026 | Daily |
| USCL · iShares Trust | 0.42% | 19,669 SH | Sept. 11, 2026 | Daily |
| TOPC · iShares Trust | 0.42% | 226 SH | Sept. 11, 2026 | Daily |
| PRF · Invesco Exchange-Traded Fund Trust | 0.41% | 59,946 SH | Oct. 1, 2026 | Daily |
| IWL · iShares Trust | 0.40% | 14,448 SH | Sept. 11, 2026 | Daily |
| ACVF · ETF Opportunities Trust | 0.40% | 1,049 NS | July 31, 2026 | N-PORT |
| PBP · Invesco Exchange-Traded Fund Trust | 0.38% | 2,201 SH | Oct. 1, 2026 | Daily |
| XVV · iShares Trust | 0.38% | 4,275 SH | Sept. 11, 2026 | Daily |
| PBUS · Invesco Exchange-Traded Fund Trust … | 0.38% | 64,102 SH | Oct. 1, 2026 | Daily |
| MGC · VANGUARD WORLD FUND | 0.35% | 74,378 SH | Aug. 19, 2026 | Daily |
| IVV · iShares Trust | 0.34% | 4,684,075 SH | Sept. 11, 2026 | Daily |
| ILCB · iShares Trust | 0.34% | 7,225 SH | Sept. 11, 2026 | Daily |
| XRMI · Global X Funds | 0.34% | 294 NS | July 31, 2026 | N-PORT |
| XCLR · Global X Funds | 0.34% | 21 NS | July 31, 2026 | N-PORT |
| XYLD · Global X Funds | 0.34% | 18,901 NS | July 31, 2026 | N-PORT |
| XTR · Global X Funds | 0.33% | 28 NS | July 31, 2026 | N-PORT |
| XYLG · Global X Funds | 0.33% | 372 NS | July 31, 2026 | N-PORT |
| BBUS · J.P. Morgan Exchange-Traded Fund Tr… | 0.33% | 51,276 NS | July 31, 2026 | N-PORT |
| PTLC · Pacer Funds Trust | 0.33% | 18,808 NS | July 31, 2026 | N-PORT |
| TOV · EA Series Trust | 0.33% | 1,505 NS | July 31, 2026 | N-PORT |
| VOTE · TCW ETF Trust | 0.33% | 6,288 NS | July 31, 2026 | N-PORT |
| BKLC · BNY Mellon ETF Trust | 0.33% | 31,346 NS | July 31, 2026 | N-PORT |
| IQSU · New York Life Investments ETF Trust | 0.33% | 1,863 NS | July 31, 2026 | N-PORT |
| IWB · iShares Trust | 0.32% | 257,530 SH | Sept. 11, 2026 | Daily |
| ESGV · VANGUARD WORLD FUND | 0.32% | 84,061 SH | Aug. 19, 2026 | Daily |
| IYY · iShares Trust | 0.32% | 15,906 SH | Sept. 11, 2026 | Daily |
| PHDG · Invesco Actively Managed Exchange-T… | 0.32% | 291 SH | Oct. 1, 2026 | Daily |
| DFUS · Dimensional ETF Trust | 0.31% | 112,595 NS | July 31, 2026 | N-PORT |
| IWV · iShares Trust | 0.31% | 102,502 SH | Sept. 11, 2026 | Daily |
| ITOT · iShares Trust | 0.31% | 483,822 SH | Sept. 11, 2026 | Daily |
| SPUU · Direxion Shares ETF Trust | 0.31% | 1,402 NS | July 31, 2026 | N-PORT |
| QDPL · Pacer Funds Trust | 0.30% | 8,951 NS | July 31, 2026 | N-PORT |
| ESG · FlexShares Trust | 0.30% | 690 NS | July 31, 2026 | N-PORT |
| VOXP · Advisors Series Trust | 0.30% | 30 NS | July 31, 2026 | N-PORT |
| VOO · VANGUARD INDEX FUNDS | 0.29% | 9,651,879 SH | Aug. 19, 2026 | Daily |
| VV · VANGUARD INDEX FUNDS | 0.29% | 434,014 SH | Aug. 19, 2026 | Daily |
| PEVC · Pacer Funds Trust | 0.29% | 12 NS | July 31, 2026 | N-PORT |
| HELO · J.P. Morgan Exchange-Traded Fund Tr… | 0.27% | 22,087 NS | July 31, 2026 | N-PORT |
| TILT · FlexShares Trust | 0.27% | 10,428 NS | July 31, 2026 | N-PORT |
| VONE · VANGUARD SCOTTSDALE FUNDS | 0.27% | 61,522 SH | Aug. 19, 2026 | Daily |
| PFIG · Invesco Exchange-Traded Fund Trust … | 0.27% | 366,000 | Oct. 1, 2026 | Daily |
| RWL · Invesco Exchange-Traded Fund Trust … | 0.27% | 38,261 SH | Oct. 1, 2026 | Daily |
| HCMT · Direxion Shares ETF Trust | 0.26% | 2,585 NS | July 31, 2026 | N-PORT |
| TOK · iShares Trust | 0.26% | 1,027 SH | Sept. 11, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.26% | 11,799,829 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.26% | 31,308 SH | Aug. 19, 2026 | Daily |
| SPXL · Direxion Shares ETF Trust | 0.25% | 29,050 NS | July 31, 2026 | N-PORT |
| URTH · iShares, Inc. | 0.25% | 33,453 SH | Sept. 11, 2026 | Daily |
| SIZE · iShares Trust | 0.24% | 1,698 SH | Sept. 11, 2026 | Daily |
| RSP · Invesco Exchange-Traded Fund Trust | 0.23% | 323,273 SH | Oct. 1, 2026 | Daily |
| DFAU · Dimensional ETF Trust | 0.23% | 49,198 NS | July 31, 2026 | N-PORT |
| HEQQ · J.P. Morgan Exchange-Traded Fund Tr… | 0.22% | 117 NS | July 31, 2026 | N-PORT |
| CRBN · iShares Trust | 0.22% | 4,208 SH | Sept. 11, 2026 | Daily |
| ACWI · iShares Trust | 0.22% | 118,528 SH | Sept. 11, 2026 | Daily |
| GLOF · iShares Trust | 0.21% | 713 SH | Sept. 11, 2026 | Daily |
| FEX · First Trust Exchange-Traded AlphaDE… | 0.21% | 5,622 NS | July 31, 2026 | N-PORT |
| ESGU · iShares Trust | 0.20% | 60,062 SH | Sept. 11, 2026 | Daily |
| BSCU · Invesco Exchange-Traded Self-Indexe… | 0.20% | 5,590,000 | Oct. 1, 2026 | Daily |
| EUSA · iShares, Inc. | 0.20% | 6,360 SH | Sept. 11, 2026 | Daily |
| DGRO · iShares Trust | 0.19% | 138,388 SH | Sept. 11, 2026 | Daily |
| FTA · First Trust Exchange-Traded AlphaDE… | 0.19% | 4,669 NS | July 31, 2026 | N-PORT |
| OMFL · Invesco Exchange-Traded Self-Indexe… | 0.19% | 13,161 SH | Oct. 1, 2026 | Daily |
| DCOR · Dimensional ETF Trust | 0.18% | 10,630 NS | July 31, 2026 | N-PORT |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.16% | 311,976 SH | Aug. 19, 2026 | Daily |
| JPUS · J.P. Morgan Exchange-Traded Fund Tr… | 0.15% | 1,229 NS | July 31, 2026 | N-PORT |
| BSCS · Invesco Exchange-Traded Self-Indexe… | 0.15% | 5,694,000 | Oct. 1, 2026 | Daily |
| DFAC · Dimensional ETF Trust | 0.15% | 125,949 NS | July 31, 2026 | N-PORT |
| DFSU · Dimensional ETF Trust | 0.15% | 5,765 NS | July 31, 2026 | N-PORT |
| BSCR · Invesco Exchange-Traded Self-Indexe… | 0.14% | 6,247,000 | Oct. 1, 2026 | Daily |
| DXUV · Dimensional ETF Trust | 0.12% | 1,153 NS | July 31, 2026 | N-PORT |
| SUSA · iShares Trust | 0.11% | 7,530 SH | Sept. 11, 2026 | Daily |
| EQAL · Invesco Exchange-Traded Fund Trust … | 0.11% | 1,251 SH | Oct. 1, 2026 | Daily |
| LGDX · Tidal Trust III | 0.10% | 258 NS | July 31, 2026 | N-PORT |
| FAB · First Trust Exchange-Traded AlphaDE… | 0.10% | 283 NS | July 31, 2026 | N-PORT |
| VFVA · VANGUARD WELLINGTON FUND | 0.03% | 578 SH | Aug. 19, 2026 | Daily |
| LRGF · iShares Trust | 0.03% | 1,674 SH | Sept. 11, 2026 | Daily |
| NEAR · iShares U.S. ETF Trust | 0.02% | 1,310,000 SH | Sept. 11, 2026 | Daily |
| GTO · Invesco Actively Managed Exchange-T… | 0.02% | 600,000 | Oct. 1, 2026 | Daily |
| DFVX · Dimensional ETF Trust | 0.01% | 55 NS | July 31, 2026 | N-PORT |
| GTOS · Invesco Actively Managed Exchange-T… | 0.00% | 2,000 | Sept. 30, 2026 | Daily |
| BIV · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| BLV · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| BSV · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| BND · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| VCSH · VANGUARD SCOTTSDALE FUNDS | · | · | July 15, 2026 | Daily |
| VCIT · VANGUARD SCOTTSDALE FUNDS | · | · | July 15, 2026 | Daily |
| VCLT · VANGUARD SCOTTSDALE FUNDS | · | · | July 15, 2026 | Daily |
| VTC · VANGUARD SCOTTSDALE FUNDS | · | · | July 30, 2026 | Daily |
| BNDW · VANGUARD SCOTTSDALE FUNDS | · | · | July 30, 2026 | Daily |
| BNDX · VANGUARD CHARLOTTE FUNDS | · | · | July 15, 2026 | Daily |
| VCEB · VANGUARD WORLD FUND | · | · | July 30, 2026 | Daily |
TMO Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
12-Month Price Target
26 analysts · 2026-10-02Mean target $652.85 -0.3%
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| TMO | $257.86B | 32.7 | 3.9% | 15.0% | 13.0% | · |
| DHR | $161.82B | 45.3 | 2.9% | 14.7% | 7.1% | 59.1% |
| A | $41.43B | 32.0 | 6.7% | 18.8% | 20.6% | · |
| WAT | $22.62B | 35.3 | 7.0% | 20.3% | 27.2% | · |
| IQV | $38.23B | 28.8 | 5.9% | 8.3% | 21.6% | · |
| ILMN | $20.65B | 24.8 | -0.66% | 19.6% | 34.1% | 66.1% |
| MTD | $28.38B | 33.2 | 4.0% | 21.6% | -615.5% | 59.4% |
| WST | $19.81B | 40.5 | 6.2% | 16.1% | 16.2% | 35.9% |
| RVTY | $10.86B | 46.7 | 3.7% | 8.5% | 3.3% | · |
| MEDP | $15.93B | 36.8 | 20.0% | 17.8% | 142.9% | · |
| TEM | · | -41.9 | 83.4% | -19.3% | -61.2% | · |
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