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Quantum-Si vs Thermo Fisher Scientific: revenue, profit, margins and growth compared

Quantum-Si brought in $2.4M of revenue in fiscal 2025, Thermo Fisher Scientific $44.6B in fiscal 2025. Revenue changed by -20.3% at Quantum-Si and +3.9% at Thermo Fisher Scientific on the year before, so Thermo Fisher Scientific grew faster. Quantum-Si kept -4,160.1% of its revenue as net profit, Thermo Fisher Scientific 15.0%. Free cash flow was -$97.2M at Quantum-Si and $6.3B at Thermo Fisher Scientific.

Side by side, latest fiscal year

QSITMO
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$2.4M$44.6B
Revenue growth-20.3%+3.9%
Net income-$101.3M$6.7B
Net margin-4,160.1%15.0%
Free cash flow-$97.2M$6.3B
Free cash flow margin-3,991.5%14.1%
Earnings per share (diluted)-$0.51$17.74
Cash$21.6M$9.9B
Debtn/a$39.2B
Price to earningsn/a38.0
Market value$182.5M$249.6B
Dividend yieldn/a0.25%
Rank by revenue in sector#442 of 451 · Industrials#12 of 451 · Industrials

Over the years

Revenue
QSI FY2021: $0QSI FY2022: $0QSI FY2023: $1.1MQSI FY2024: $3.1MQSI FY2025: $2.4MTMO FY2018: $24.4BTMO FY2019: $25.5BTMO FY2020: $32.2BTMO FY2021: $39.2BTMO FY2022: $44.9BTMO FY2023: $42.9BTMO FY2024: $42.9BTMO FY2025: $44.6BFY18FY19FY20FY21FY22FY23FY24FY25
QSI $2.4MTMO $44.6B
Net income
QSI FY2019: -$35.8MQSI FY2020: -$36.6MQSI FY2021: -$95MQSI FY2022: -$132.4MQSI FY2023: -$96MQSI FY2024: -$101MQSI FY2025: -$101.3MTMO FY2018: $2.9BTMO FY2019: $3.7BTMO FY2020: $6.4BTMO FY2021: $7.7BTMO FY2022: $7BTMO FY2023: $6BTMO FY2024: $6.3BTMO FY2025: $6.7BFY18FY19FY20FY21FY22FY23FY24FY25
QSI -$101.3MTMO $6.7B
Net margin
QSI FY2023: -8,868.8%QSI FY2024: -3,303.0%QSI FY2025: -4,160.1%TMO FY2018: 12.1%TMO FY2019: 14.5%TMO FY2020: 19.8%TMO FY2021: 19.7%TMO FY2022: 15.5%TMO FY2023: 14.0%TMO FY2024: 14.8%TMO FY2025: 15.0%FY18FY19FY20FY21FY22FY23FY24FY25
QSI -4,160.1%TMO 15.0%
Revenue growth
QSI FY2024: +182.6%QSI FY2025: -20.3%TMO FY2019: +4.9%TMO FY2020: +26.1%TMO FY2021: +21.7%TMO FY2022: +14.5%TMO FY2023: -4.6%TMO FY2024: +0.1%TMO FY2025: +3.9%FY19FY20FY21FY22FY23FY24FY25
QSI -20.3%TMO +3.9%
Free cash flow
QSI FY2019: -$31.9MQSI FY2020: -$33MQSI FY2021: -$72.6MQSI FY2022: -$101.3MQSI FY2023: -$98.5MQSI FY2024: -$92.4MQSI FY2025: -$97.2MTMO FY2018: $3.8BTMO FY2019: $4BTMO FY2020: $6.8BTMO FY2021: $6.8BTMO FY2022: $6.9BTMO FY2023: $6.9BTMO FY2024: $7.3BTMO FY2025: $6.3BFY18FY19FY20FY21FY22FY23FY24FY25
QSI -$97.2MTMO $6.3B

Fiscal years as each company reports them; the two may end in different months.

Questions about Quantum-Si and Thermo Fisher Scientific

Which is bigger by revenue, Quantum-Si or Thermo Fisher Scientific?

Thermo Fisher Scientific is bigger by revenue: $44.6B in fiscal 2025, against $2.4M for Quantum-Si in fiscal 2025.

Which keeps more of its revenue as profit, Quantum-Si or Thermo Fisher Scientific?

Quantum-Si had a net margin of -4,160.1% in fiscal 2025; Thermo Fisher Scientific had 15.0% in fiscal 2025.

Which grew revenue faster, Quantum-Si or Thermo Fisher Scientific?

In their latest fiscal years revenue changed by -20.3% at Quantum-Si and +3.9% at Thermo Fisher Scientific.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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