The present review summarizes current knowledge on the alterations of molecular genetics and epigenetics of sporadic thyroid follicular cell neoplasms and the relationship of the alterations with multistep carcinogenesis theory. Approximately 50 % of follicular thyroid carcinomas have mutations in RAS family genes or PAX8/PPARγ gene rearrangements. These mutations are found in a mutually exclusive manner, which suggests that follicular thyroid carcinomas develop via two different initiating mechanisms. BRAF gene mutations and RET/PTC and NTRK1 rearrangements that involve the mitogen-activated protein kinase pathway are found in the majority of papillary thyroid carcinoma. These mutations are also found in a mutually exclusive manner and con...