Wall Street analyst estimates for Thermo Fisher Scientific Inc. (TMO): consensus price target, buy/hold/sell recommendations and forecasts for revenue and EPS for the upcoming fiscal years.
Thermo Fisher Scientific Inc. is a global leader in scientific services, providing a comprehensive range of offerings that include life sciences solutions, advanced analytical instruments, specialized diagnostic products, and an extensive portfolio of laboratory supplies and biopharmaceutical services. The company's reach extends across North America, Europe, Asia-Pacific, and other international markets.
Consensus price target
$694.27 (-1% vs price $698.34)
between $520.00 and $800.00 · 14 targets published in the last quarter
Closing price, Nov 3
A twelve-month target is not a fair value: compare it with the range in the Valuation tab.
Revenue and EPS estimates
| Fiscal year | Revenue (average) | Revenue (low – high) | EPS (average) | Analysts |
|---|---|---|---|---|
| 2026E | $48.0B | $47.6B – $48.2B | $25.28 | 15 |
| 2027E | $50.6B | $50.3B – $51.1B | $27.73 | 16 |
| 2028E | $53.8B | $53.0B – $55.5B | $30.61 | 6 |
Figures in USD · consensus as of November 1, 2026
Analyst Consensus
| Strong Buy | 0 |
| Buy | 36 |
| Hold | 7 |
| Sell | 0 |
| Strong Sell | 0 |
| Total analysts | 43 |
| Avg rating (−2 sell to +2 buy) | 0.84 |
Recent Earnings Surprises
| Date | EPS Actual | EPS Est. | vs Est. |
|---|---|---|---|
| 2027-02-04 | $7.13 | ||
| 2026-10-21 | $6.68 | $6.40 | +4.4% |
| 2026-07-23 | $6.03 | $5.72 | +5.4% |
| 2026-04-23 | $5.44 | $5.25 | +3.6% |
| 2026-01-29 | $6.57 | $6.45 | +1.9% |
| 2025-10-22 | $5.79 | $5.50 | +5.3% |
| 2025-07-23 | $5.36 | $5.23 | +2.5% |
| 2025-04-23 | $5.15 | $5.10 | +1.0% |
Valuation Ratios
| P/E Ratio | 36.83 |
| Price / Book | 4.61 |
| Dividend Yield | 0.27% |
Income Statement (10y)
| Year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $18.27B | $20.92B | $24.36B | $25.54B | $32.22B | $39.21B | $44.91B | $42.86B | $42.88B | $44.56B |
| Cost of Revenue | $9.69B | $11.24B | $13.37B | $14.20B | $16.19B | $19.58B | $25.90B | $25.66B | $25.15B | $26.32B |
| Gross Profit | $8.58B | $9.68B | $10.99B | $11.34B | $16.03B | $19.63B | $19.01B | $17.19B | $17.73B | $18.24B |
| Research & Development | $754.8M | $888.0M | $967.0M | $1.00B | $1.18B | $1.41B | $1.47B | $1.34B | $1.39B | $1.40B |
| Selling, General & Admin | $4.87B | $5.41B | $6.03B | $6.06B | $6.95B | $7.91B | $9.02B | $8.41B | $8.68B | $8.73B |
| Operating Expenses | $5.72B | $6.41B | $7.12B | $7.08B | $8.13B | $9.32B | $10.49B | $9.75B | $10.07B | $10.13B |
| Operating Income | $2.86B | $3.27B | $3.87B | $4.26B | $7.90B | $10.32B | $8.53B | $7.45B | $7.66B | $8.11B |
| EBITDA | $4.25B | $5.05B | $6.20B | $7.02B | $10.11B | $11.97B | $11.94B | $11.20B | $11.80B | $11.47B |
| Interest Expense | $469.6M | $592.0M | $667.0M | $676.0M | $553.0M | $536.0M | $726.0M | $1.49B | $1.65B | $1.42B |
| Pre-tax Income | $2.02B | $2.43B | $3.26B | $4.07B | $7.23B | $8.84B | $7.66B | $6.24B | $7.00B | $7.27B |
| Income Tax | -$1.4M | $201.0M | $324.0M | $374.0M | $850.0M | $1.11B | $703.0M | $284.0M | $657.0M | $547.0M |
| Net Income | $2.02B | $2.23B | $2.94B | $3.70B | $6.38B | $7.72B | $6.95B | $6.00B | $6.33B | $6.74B |
| EPS | $5.12 | $5.64 | $7.31 | $9.24 | $16.10 | $19.61 | $17.73 | $15.53 | $16.58 | $17.77 |
| EPS (Diluted) | $5.09 | $5.59 | $7.24 | $9.17 | $15.98 | $19.46 | $17.64 | $15.45 | $16.53 | $17.74 |
| Shares Outstanding (Diluted) | 397.4 M | 398.0 M | 406.0 M | 403.0 M | 399.0 M | 397.0 M | 394.0 M | 388.0 M | 383.0 M | 377.0 M |
Price
| Price | $698.34 (closing price, November 3, 2026) |
| Market Cap | $258.7B |
| Exchange | NYSE |
| Country | US |
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Explore sector: Healthcare · Medical - Diagnostics & Research
More sections of TMO: Overview · Financials · Valuation · Technical · Ownership
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