THERMO FISHER SCIENTIFIC INC.

For the period ended Dec 31, 2025. Filed Feb 26, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 26, 2026

TMO$694.76+2.6%Stored close · as of Nov 6, 2026

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Contents

Consolidated Financial Statements

INDEX OF CONSOLIDATED FINANCIAL STATEMENTS

	Page
Report of Independent Registered Public Accounting Firm (PCAOB ID 238)	30
Consolidated Balance Sheets as of December 31, 2025 and 2024	33
Consolidated Statements of Income for the years ended December 31, 2025, 2024 and 2023	34
Consolidated Statements of Comprehensive Income for the years ended December 31, 2025, 2024 and 2023	35
Consolidated Statements of Cash Flows for the years ended December 31, 2025, 2024 and 2023	36
Consolidated Statements of Redeemable Noncontrolling Interest and Equity for the years ended December 31, 2025, 2024 and 2023	37
Notes to Consolidated Financial Statements
Note 1. Nature of Operations and Summary of Significant Accounting Policies	38
Note 2. Supplemental Balance Sheet Information	45
Note 3. Debt and Other Financing Arrangements	47
Note 4. Fair Value Measurements	49
Note 5. Commitments and Contingencies	51
Note 6. Supplemental Income Statement Information	53
Note 7. Income Taxes	55
Note 8. Comprehensive Income/(Loss) and Shareholders' Equity	60
Note 9. Supplemental Cash Flow Information	60
Note 10. Derivatives	61
Note 11. Business Segment and Geographical Information	62
Note 12. Acquisitions	66
Note 13. Leases	68
Note 14. Pension and Other Postretirement Benefit Plans	69
Note 15. Stock-based Compensation Expense	74

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.