Thermo Fisher Scientific (TMO) Debt Ratio (2009 - 2026)
Thermo Fisher Scientific (TMO) posted quarterly Debt Ratio of 0.4 for Q2 2026, up 9.63% year-over-year from 0.37 in Q2 2025, and down 0.74% on a QoQ basis from 0.41 in Q1 2026.
Thermo Fisher Scientific (TMO) Debt Ratio (2009 - 2026) Analysis & Trends
Thermo Fisher Scientific has reported Debt Ratio for 18 years, with the latest figure at 0.4 in Q2 2026.
- Debt Ratio for Q2 2026 came in at 0.4, up 9.63% year-over-year; the trailing twelve-month figure through Jun 2026 was 0.4 (up 9.63% YoY), and the FY2025 annual result was 0.39, up 13.16% from the prior year.
- Debt Ratio declined to 0.4 in Q2 2026, from 0.41 in the prior quarter.
- Over five years, Debt Ratio peaked at 0.43 in Q2 2023 and troughed at 0.33 in Q4 2022.
- A 5-year average of 0.39 and a median of 0.39 in 2023 frame the typical range for Debt Ratio.
- The widest annual swing landed in 2022, when Debt Ratio soared 33.13%; it then dropped 11.92% in 2024.
- A 5-year view of Debt Ratio shows it stood at 0.41 in 2022, then retreated by 5.35% to 0.39 in 2023, then fell by 11.92% to 0.34 in 2024, then climbed by 13.16% to 0.39 in 2025, then gained by 4.23% to 0.4 in 2026.
- Per Business Quant data, the three most recent Debt Ratio figures were 0.4 in Q2 2026, 0.41 in Q1 2026, and 0.39 in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 234.15 Bn | 230.09 Bn | 8.34 Bn | 0.40 |
| 2 | Danaher | 152.10 Bn | 147.75 Bn | 3.61 Bn | 0.30 |
| 3 | Natera | 48.48 Bn | 47.38 Bn | 486.15 Mn | 0.03 |
| 4 | Agilent Technologies | 44.35 Bn | 42.55 Bn | 990.00 Mn | 0.26 |
| 5 | Iqvia Holdings | 43.68 Bn | 41.60 Bn | 1.44 Bn | 0.54 |
| 6 | Idexx Laboratories | 43.02 Bn | 42.83 Bn | 779.09 Mn | 0.24 |
| 7 | Illumina | 34.39 Bn | 33.22 Bn | 770.00 Mn | 0.22 |
| 8 | Mettler Toledo International | 28.29 Bn | 28.24 Bn | 650.22 Mn | 0.58 |
| 9 | Labcorp Holdings | 27.51 Bn | 27.37 Bn | 1.11 Bn | 0.32 |
| 10 | Quest Diagnostics | 27.10 Bn | 26.47 Bn | 1.03 Bn | 0.33 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 27, 2026 | 0.40 |
| Mar 28, 2026 | 0.41 |
| Dec 31, 2025 | 0.39 |
| Sep 27, 2025 | 0.38 |
| Jun 28, 2025 | 0.37 |
| Mar 29, 2025 | 0.37 |
| Dec 31, 2024 | 0.34 |
| Sep 28, 2024 | 0.39 |
| Jun 29, 2024 | 0.41 |
| Mar 30, 2024 | 0.41 |
| Dec 31, 2023 | 0.39 |
| Sep 30, 2023 | 0.41 |
| Jul 1, 2023 | 0.41 |
| Apr 1, 2023 | 0.43 |
| Dec 31, 2022 | 0.41 |
| Oct 1, 2022 | 0.33 |
| Jul 2, 2022 | 0.34 |
| Apr 2, 2022 | 0.38 |
| Dec 31, 2021 | 0.39 |
| Oct 2, 2021 | 0.29 |