Thermo Fisher Scientific Inc (TMO)
Return on total capital
| Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 8,513,000 | 8,537,000 | 8,528,000 | 8,602,000 | 8,630,000 | 8,488,000 | 8,480,000 | 8,049,000 | 7,761,000 | 7,623,000 | 7,239,000 | 7,548,000 | 8,561,000 | 8,538,000 | 9,065,000 | 9,169,000 | 9,371,000 | 10,388,000 | 10,483,000 | 9,704,000 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 53,415,000 | 51,024,000 | 50,511,000 | 49,390,000 | 49,584,000 | 48,992,000 | 47,432,000 | 45,516,000 | 46,735,000 | 45,328,000 | 43,752,000 | 42,257,000 | 43,978,000 | 43,549,000 | 42,293,000 | 40,956,000 | 40,793,000 | 38,710,000 | 36,854,000 | 35,058,000 |
| Return on total capital | 15.94% | 16.73% | 16.88% | 17.42% | 17.40% | 17.33% | 17.88% | 17.68% | 16.61% | 16.82% | 16.55% | 17.86% | 19.47% | 19.61% | 21.43% | 22.39% | 22.97% | 26.84% | 28.44% | 27.68% |
December 31, 2025 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $8,513,000K ÷ ($—K + $53,415,000K)
= 15.94%
Peer comparison
Dec 31, 2025
Company name
Symbol
Return on total capital
Thermo Fisher Scientific Inc
TMO
15.94%
Agilent Technologies Inc
A
22.95%
Danaher Corporation
DHR
8.56%