Thermo Fisher Scientific (TMO) Debt Ratio (2009 - 2026)

Thermo Fisher Scientific (TMO) posted Debt Ratio of 0.38 for Q1 2026, up 6.75% quarter-over-quarter from 0.36 in Q4 2025, and up 10.37% year-on-year from 0.35 in Q1 2025.

Thermo Fisher Scientific (TMO) Debt Ratio (2009 - 2026) Analysis & Trends

Thermo Fisher Scientific (TMO) has reported Debt Ratio for 18 consecutive years, with 0.38 the latest figure, recorded in Q1 2026.

  • Debt Ratio for Q1 2026 came in at 0.38, up 10.37% year-over-year; the trailing twelve-month figure through Mar 2026 was 0.38 (up 10.37% YoY), and the FY2025 annual result was 0.36, up 11.07% from the prior year.
  • Debt Ratio was 0.38 for Q1 2026 at Thermo Fisher Scientific, up from 0.36 in the prior quarter.
  • Over five years, Debt Ratio peaked at 0.38 in Q1 2026 and troughed at 0.32 in Q4 2024.
  • Average Debt Ratio over 5 years is 0.35, with a median of 0.35 recorded in 2022.
  • Year-over-year, Debt Ratio grew 26.79% in 2022 and decreased 9.14% in 2024.
  • Over 5 years, Debt Ratio stood at 0.35 in 2022, then retreated by 0.37% to 0.35 in 2023, then dropped by 9.14% to 0.32 in 2024, then increased by 11.07% to 0.36 in 2025, then increased by 6.75% to 0.38 in 2026.
  • Per Business Quant data, the three most recent Debt Ratio figures were 0.38 in Q1 2026, 0.36 in Q4 2025, and 0.35 in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Waters 31,055.11 Bn 31,054.65 Bn 1.11 Bn 0.20
2 Thermo Fisher Scientific 191.02 Bn 187.77 Bn 7.74 Bn 0.38
3 Danaher 137.16 Bn 131.47 Bn 3.59 Bn 0.22
4 Idexx Laboratories 42.82 Bn 42.62 Bn 722.74 Mn 0.25
5 Natera 39.09 Bn 37.99 Bn 696.04 Mn 0.01
6 Agilent Technologies 37.61 Bn 35.81 Bn 990.00 Mn 0.02
7 Iqvia Holdings 34.23 Bn 32.25 Bn 1.36 Bn 0.53
8 Illumina 28.14 Bn 26.98 Bn 721.00 Mn 0.23
9 Mettler Toledo International 26.40 Bn 26.33 Bn 555.82 Mn 0.61
10 Quest Diagnostics 23.76 Bn 23.67 Bn 942.00 Mn 0.34

Historic Data

Download Data
DateValue
Mar 28, 2026 0.38
Dec 31, 2025 0.36
Sep 27, 2025 0.35
Jun 28, 2025 0.35
Mar 29, 2025 0.35
Dec 31, 2024 0.32
Sep 28, 2024 0.35
Jun 29, 2024 0.36
Mar 30, 2024 0.37
Dec 31, 2023 0.35
Sep 30, 2023 0.36
Jul 1, 2023 0.36
Apr 1, 2023 0.37
Dec 31, 2022 0.35
Oct 1, 2022 0.32
Jul 2, 2022 0.33
Apr 2, 2022 0.36
Dec 31, 2021 0.37
Oct 2, 2021 0.29
Jul 3, 2021 0.28