# THERMO FISHER SCIENTIFIC INC. (TMO) FY2025 Q1 P&L / Income Statement

- Company: THERMO FISHER SCIENTIFIC INC. (TMO)
- Period: 2025-01-01 to 2025-03-29
- Filing: Q1 FY2025 10-Q, filed 2025-05-02, accession number 0000097745-25-000041
- Page: https://plicit.ai/financials/tmo/fy2025-q1-income-statement
- Chart image: https://plicit.ai/charts/tmo-fy2025-q1-income-statement-sankey.png

## Chart details: Revenue by Product and Service (3 categories)

Income statement for 2025-01-01 through 2025-03-29. View: Product and service (3 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Total revenues**: 10,364,000,000 US dollars
- **Cost of revenue (calculated)**: 6,129,000,000 US dollars
- **Gross profit (calculated)**: 4,235,000,000 US dollars
- **Operating expenses (calculated)**: 2,519,000,000 US dollars
- **Operating income**: 1,716,000,000 US dollars
- **Other income (expense), net (calculated)**: negative 96,000,000 US dollars
- **Income before income taxes**: 1,620,000,000 US dollars
- **Benefit from/(provision for) income taxes**: 95,000,000 US dollars
- **Net income**: 1,511,000,000 US dollars
- **Consumables**: 4,354,000,000 US dollars
- **Instruments**: 1,626,000,000 US dollars
- **Services**: 4,384,000,000 US dollars
- **Cost of revenues**: 6,129,000,000 US dollars
- **Selling, general and administrative expenses**: 2,078,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn.
- **Research and development expenses**: 342,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn.
- **Restructuring and other costs**: 98,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn.
- **Equity in earnings/(losses) of unconsolidated entities**: negative 14,000,000 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.
- Of which attributable to THERMO FISHER SCIENTIFIC INC.: $1.51 B; to noncontrolling interests: $4.00 M.

## Chart details: Revenue by Business Segment (4 categories)

- Page: https://plicit.ai/financials/tmo/fy2025-q1-income-statement/revenue-by-business-segment-4-categories
- Chart image: https://plicit.ai/charts/tmo-fy2025-q1-revenue-by-business-segment-4-categories-sankey.png

Income statement for 2025-01-01 through 2025-03-29. View: Business segment (4 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Total revenues**: 10,364,000,000 US dollars
- **Cost of revenue (calculated)**: 6,129,000,000 US dollars
- **Gross profit (calculated)**: 4,235,000,000 US dollars
- **Operating expenses (calculated)**: 2,519,000,000 US dollars
- **Operating income**: 1,716,000,000 US dollars
- **Other income (expense), net (calculated)**: negative 96,000,000 US dollars
- **Income before income taxes**: 1,620,000,000 US dollars
- **Benefit from/(provision for) income taxes**: 95,000,000 US dollars
- **Net income**: 1,511,000,000 US dollars
- **Life Sciences Solutions**: 1,954,000,000 US dollars
- **Analytical Instruments**: 1,677,000,000 US dollars
- **Specialty Diagnostics**: 1,130,000,000 US dollars
- **Laboratory Products and Biopharma Services**: 5,603,000,000 US dollars
- **Cost of revenues**: 6,129,000,000 US dollars
- **Selling, general and administrative expenses**: 2,078,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn.
- **Research and development expenses**: 342,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn.
- **Restructuring and other costs**: 98,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn.
- **Equity in earnings/(losses) of unconsolidated entities**: negative 14,000,000 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.
- Of which attributable to THERMO FISHER SCIENTIFIC INC.: $1.51 B; to noncontrolling interests: $4.00 M.

## Chart details: Revenue by Business Segment (15 categories)

- Page: https://plicit.ai/financials/tmo/fy2025-q1-income-statement/revenue-by-business-segment-15-categories
- Chart image: https://plicit.ai/charts/tmo-fy2025-q1-revenue-by-business-segment-15-categories-sankey.png

Income statement for 2025-01-01 through 2025-03-29. View: Business segment (15 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Total revenues**: 10,364,000,000 US dollars
- **Cost of revenue (calculated)**: 6,129,000,000 US dollars
- **Gross profit (calculated)**: 4,235,000,000 US dollars
- **Operating expenses (calculated)**: 2,519,000,000 US dollars
- **Operating income**: 1,716,000,000 US dollars
- **Other income (expense), net (calculated)**: negative 96,000,000 US dollars
- **Income before income taxes**: 1,620,000,000 US dollars
- **Benefit from/(provision for) income taxes**: 95,000,000 US dollars
- **Net income**: 1,511,000,000 US dollars
- **Chromatography and mass spectrometry**: 773,000,000 US dollars
- **Chemical analysis**: 286,000,000 US dollars
- **Electron microscopy**: 659,000,000 US dollars
- **Laboratory products**: 582,000,000 US dollars
- **Research and safety market channel**: 1,727,000,000 US dollars
- **Pharma services**: 1,607,000,000 US dollars
- **Clinical research**: 1,939,000,000 US dollars
- **Biosciences**: 993,000,000 US dollars
- **Genetic sciences**: 677,000,000 US dollars
- **BioProduction**: 671,000,000 US dollars
- **Clinical diagnostics**: 263,000,000 US dollars
- **ImmunoDiagnostics**: 217,000,000 US dollars
- **Microbiology**: 152,000,000 US dollars
- **Transplant diagnostics**: 113,000,000 US dollars
- **Healthcare market channel**: 474,000,000 US dollars
- **Cost of revenues**: 6,129,000,000 US dollars
- **Selling, general and administrative expenses**: 2,078,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn.
- **Research and development expenses**: 342,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn.
- **Restructuring and other costs**: 98,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn.
- **Revenue before reconciliation (calculated)**: 11,133,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.
- **Components above reported revenue (calculated)**: negative 769,000,000 US dollars. The disclosed components add up to more than reported revenue; this is the difference, calculated, not a reported item.
- **Equity in earnings/(losses) of unconsolidated entities**: negative 14,000,000 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.: $1.51 B; to noncontrolling interests: $4.00 M.

## Chart details: Revenue by Product and Service (2 categories)

- Page: https://plicit.ai/financials/tmo/fy2025-q1-income-statement/revenue-by-product-and-service-2-categories
- Chart image: https://plicit.ai/charts/tmo-fy2025-q1-revenue-by-product-and-service-2-categories-sankey.png

Income statement for 2025-01-01 through 2025-03-29. View: Product and service (2 categories). Revenue and costs use their disclosed categories.

- **Total revenues**: 10,364,000,000 US dollars
- **Cost of revenue (calculated)**: 6,129,000,000 US dollars
- **Gross profit (calculated)**: 4,235,000,000 US dollars
- **Operating expenses (calculated)**: 2,519,000,000 US dollars
- **Operating income**: 1,716,000,000 US dollars
- **Other income (expense), net (calculated)**: negative 96,000,000 US dollars
- **Income before income taxes**: 1,620,000,000 US dollars
- **Benefit from/(provision for) income taxes**: 95,000,000 US dollars
- **Net income**: 1,511,000,000 US dollars
- **Product revenues revenue**: 5,980,000,000 US dollars
- **Service revenues revenue**: 4,384,000,000 US dollars
- **Product revenues cost of revenue**: 3,125,000,000 US dollars
- **Service revenues cost of revenue**: 3,004,000,000 US dollars
- **Selling, general and administrative expenses**: 2,078,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn.
- **Research and development expenses**: 342,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn.
- **Restructuring and other costs**: 98,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn.
- **Equity in earnings/(losses) of unconsolidated entities**: negative 14,000,000 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.
- Of which attributable to THERMO FISHER SCIENTIFIC INC.: $1.51 B; to noncontrolling interests: $4.00 M.

## Chart details: Revenue by Geography

- Page: https://plicit.ai/financials/tmo/fy2025-q1-income-statement/revenue-by-geography
- Chart image: https://plicit.ai/charts/tmo-fy2025-q1-revenue-by-geography-sankey.png

Income statement for 2025-01-01 through 2025-03-29. View: Geography. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Total revenues**: 10,364,000,000 US dollars
- **Cost of revenue (calculated)**: 6,129,000,000 US dollars
- **Gross profit (calculated)**: 4,235,000,000 US dollars
- **Operating expenses (calculated)**: 2,519,000,000 US dollars
- **Operating income**: 1,716,000,000 US dollars
- **Other income (expense), net (calculated)**: negative 96,000,000 US dollars
- **Income before income taxes**: 1,620,000,000 US dollars
- **Benefit from/(provision for) income taxes**: 95,000,000 US dollars
- **Net income**: 1,511,000,000 US dollars
- **North America**: 5,513,000,000 US dollars
- **Europe**: 2,624,000,000 US dollars
- **Asia-Pacific**: 1,891,000,000 US dollars
- **Other regions**: 337,000,000 US dollars
- **Cost of revenues**: 6,129,000,000 US dollars
- **Selling, general and administrative expenses**: 2,078,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn.
- **Research and development expenses**: 342,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn.
- **Restructuring and other costs**: 98,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn.
- **Revenue before reconciliation (calculated)**: 10,365,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.
- **Components above reported revenue (calculated)**: negative 1,000,000 US dollars. The disclosed components add up to more than reported revenue; this is the difference, calculated, not a reported item.
- **Equity in earnings/(losses) of unconsolidated entities**: negative 14,000,000 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.: $1.51 B; to noncontrolling interests: $4.00 M.