Thermo Fisher Scientific reported $29.9B of remaining performance obligations at 26 Sep 2026, up 13% from a year earlier and up 1% from the previous quarter. That is 0.6 years of trailing revenue already under contract. Book-to-bill last quarter: 1.01.
Net new backlog added in the latest quarter: $170M.
Over the last twelve months it turned about 167% of its opening backlog into revenue (12-month conversion).
52% of the backlog is due within the next twelve months.
Customer prepayments (contract liabilities) cover 9.8% of the backlog.
Twelve-month book-to-bill: 1.07, i.e. 1.07 of new orders for every 1 of revenue recognised.
Backlog growth minus revenue growth: +5 points — orders are running ahead of revenue.
By backlog size it ranks 32nd among US filers the cockpit tracks.
Thermo Fisher Scientific backlog history
Remaining performance obligations at each quarter end (bars) against trailing twelve-month revenue (line).
Amounts in USD. Source: SEC XBRL filings.
Quarter end
Backlog (RPO)
TTM revenue
Coverage
Customer prepayments
26 Sep 2026
$29.9B
$47.4B
0.6 yrs
$2.94B
27 Jun 2026
$29.7B
$46.3B
0.6 yrs
$2.92B
28 Mar 2026
$29.4B
$45.2B
0.7 yrs
$2.93B
31 Dec 2025
$27.9B
$44.6B
0.6 yrs
$2.71B
27 Sep 2025
$26.5B
$43.7B
0.6 yrs
$2.85B
28 Jun 2025
$25.0B
$43.2B
0.6 yrs
$2.81B
29 Mar 2025
$24.5B
$42.9B
0.6 yrs
$2.87B
31 Dec 2024
$24.6B
$42.9B
0.6 yrs
$2.85B
28 Sep 2024
$25.3B
$42.4B
0.6 yrs
$2.66B
29 Jun 2024
$25.9B
$42.3B
0.6 yrs
$2.59B
30 Mar 2024
$26.4B
$42.5B
0.6 yrs
$2.63B
31 Dec 2023
$26.9B
$42.9B
0.6 yrs
$2.69B
Questions
What is Thermo Fisher Scientific's backlog?
Thermo Fisher Scientific reported $29.9B of remaining performance obligations at 26 Sep 2026, up 13% from a year earlier and up 1% from the previous quarter. That is 0.6 years of trailing revenue already under contract. Book-to-bill last quarter: 1.01.
How fast does Thermo Fisher Scientific's backlog turn into revenue?
Over the last twelve months Thermo Fisher Scientific recognised revenue equal to about 167% of the backlog it started each quarter with.
About these numbers
Remaining performance obligations (RPO) are revenue a company has contracted but not yet recognised, as reported in its SEC filings (XBRL tag RevenueRemainingPerformanceObligation). Coverage = backlog ÷ trailing twelve-month revenue. Book-to-bill = (change in backlog + revenue) ÷ revenue. Conversion = revenue recognised ÷ the backlog at the start of each quarter, summed over four quarters. Counterparty values come from company filings and releases.