Filing Flows › Companies › Thermo Fisher Scientific › Earnings quality
Thermo Fisher Scientific earnings quality score
How much of the reported profit is backed by cash, and how many markers of managed earnings the filings show
Score35 / 100 · grade D · rank 991 of 1027
Thermo Fisher Scientific (TMO) scores 35 of 100 for earnings quality, grade D: rank 991 of 1027 companies and 268 of 287 in industrials. It loses the most points on accruals of -1.1% of assets, higher than 79% of companies, Montier C-score 4 of 4 checks failed, adjusted earnings 24% below GAAP.
What earned and lost points
| Component | What the filings show | Points | Of |
|---|---|---|---|
| Accruals | accruals of -1.1% of assets, higher than 79% of companies | 6 | 27 |
| Dechow F-score | Dechow F-score 1.42 (above normal) | 14 | 20 |
| Montier C-score | Montier C-score 4 of 4 checks failed | 0 | 20 |
| Discretionary accruals | discretionary accruals of +2.4% of assets (modified Jones), smaller than most | 8 | 13 |
| Non-GAAP gap | adjusted earnings 24% below GAAP | 3 | 13 |
| Earnings smoothness | profit steadier than cash flow (smoothness 0.54) | 4 | 7 |
How the score is built
Eight published measures, each scored against the whole universe or on its own scale and weighted: accruals 20, discretionary accruals 10, Beneish M 15, Dechow F 15, Montier C 15, Piotroski F 10, the non-GAAP gap 10, smoothness 5. A measure that cannot be computed (Beneish for a bank, say) drops out and the rest is rescaled, so every company is scored on what applies to it.
Every company ranked → The full quality workbench, live → Thermo Fisher Scientific: cash flow →
Computed from the companies’ own XBRL filings (latest fiscal year) by published formulas; a statistical screen, not an audit or an accusation. A low score means the reported profit shows more of the markers of managed or low-quality earnings than its peers. Not investment advice.