THERMO FISHER SCIENTIFIC INC. (TMO) FY2025 Annual P&L / Income Statement

THERMO FISHER SCIENTIFIC INC. (TMO) FY2025 Annual P&L / Income Statement

Income statement for 2025-01-01 through 2025-12-31. View: Segments by Subsegments Consolidation Items. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Total revenues

44,556,000,000 US dollars

Cost of revenue (calculated)

26,318,000,000 US dollars

Gross profit (calculated)

18,238,000,000 US dollars

Operating expenses (calculated)

10,492,000,000 US dollars

Operating income

7,746,000,000 US dollars

Other income (expense), net (calculated)

negative 438,000,000 US dollars

Income before income taxes

7,308,000,000 US dollars

Benefit from/(provision for) income taxes

547,000,000 US dollars

Net income

6,721,000,000 US dollars

Analytical Instruments

7,554,000,000 US dollars

Life Sciences Solutions

10,374,000,000 US dollars

Undisclosed (calculated)

27,823,000,000 US dollars

Cost of revenues

26,318,000,000 US dollars

Selling, general and administrative expenses

8,732,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn.

Research and development expenses

1,397,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn.

Restructuring and other costs

362,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn.

Revenue before reconciliation (calculated)

45,751,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.

Laboratory Products and Biopharma Services - Intersubsegment Eliminations

negative 920,000,000 US dollars. Reported reconciliation to consolidated revenue.

Specialty Diagnostics - Intersubsegment Eliminations

negative 275,000,000 US dollars. Reported reconciliation to consolidated revenue.

Equity in earnings/(losses) of unconsolidated entities

negative 41,000,000 US dollars. Reported below-tax contribution to net income.

Chart connections

• Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
• Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income.
• Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue.
• Of which attributable to THERMO FISHER SCIENTIFIC INC.: $6.70 B; to noncontrolling interests: $17.00 M.

• The amounts that make up net income come to $6,720.00 M and net income is $6,721.00 M; the $1.00 M difference is within the rounding of the filed amounts.