1、Our Mission is to enable our customers to make the worldAnnualReport2025Healthier,Cleaner and SaferComplementary SegmentsOur Mission is our purpose:To enable our customers to make the worldhealthier,cleaner and safer.Specialty Diagnostics10%Laboratory Products&Biopharma Services52%Analytical Instrum
2、ents16%Life Sciences Solutions22%$44.56BRevenueThank you for your ongoing support ofThermo Fisher Scientific.Together,we are buildingan even brighter future for our company.Im proudof what we achieved in 2025 and even more excitedabout the opportunities ahead as we continue toenable science and deli
3、ver for our stakeholders.Everything we do begins with our Mission to enableour customers to make the world healthier,cleanerand safer.This inspires our more than 120,000colleagues to bring their best each day because weknow the work we do helps our customers improvelives around the world.Our success
4、 speaks to the power of our Missionand the purposeful way we manage our company.In 2025,we acted with agility to effectively managethe dynamics of tariffs and policy changes.And,as a trusted partner,we worked closely with ourcustomers to help them navigate the landscape andenable their success.Excel
5、lent operational performanceAs a result,we delivered excellent operationalperformance.In 2025,our revenue increased 4%to$44.56 billion,GAAP diluted earnings per share(EPS)grew 7%to$17.74 and adjusted EPS*grew 5%to$22.87,while we generated$6.34 billion of free cashflow.*During the year,we deployed ap
6、proximately$16.5 billion of capital,including committing$13 billionto M&A and returning$3.6 billion to shareholdersthrough stock buybacks and dividends,with 2025marking the eighth year in a row that we increasedour dividend.Weve earned our industry leadership and continueto build on it by executing