Thermo Fisher Scientific (TMO) Debt Ratio (2009 - 2026)
Thermo Fisher Scientific's (TMO) quarterly Debt Ratio came in at 0.4 in Q2 2026, up 9.63% on a YoY basis from 0.37 in Q2 2025, and down 0.74% quarter-over-quarter from 0.41 in Q1 2026.
Analysis
Thermo Fisher Scientific (TMO) Debt Ratio (2009 - 2026) Analysis & Trends
Thermo Fisher Scientific (TMO) has reported Debt Ratio for 18 consecutive years, with 0.4 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Debt Ratio rose 9.63% year-over-year to 0.4; the trailing twelve-month figure through Jun 2026 stood at 0.4 (up 9.63% YoY), and the FY2025 full-year result was 0.39, up 13.16% from the prior year.
- Debt Ratio declined to 0.4 in Q2 2026 per TMO's latest filing, from 0.41 in the prior quarter.
- Across five years, Debt Ratio topped out at 0.43 in Q2 2023 and bottomed at 0.33 in Q4 2022.
- Historically, Debt Ratio has averaged 0.39 across 5 years, with a median of 0.39 in 2023.
- The sharpest annual moves came in 2022 and 2024: Debt Ratio jumped 33.13% in 2022, then decreased 11.92% in 2024.
- Over 5 years, Debt Ratio stood at 0.41 in 2022, then slipped by 5.35% to 0.39 in 2023, then decreased by 11.92% to 0.34 in 2024, then increased by 13.16% to 0.39 in 2025, then climbed by 4.23% to 0.4 in 2026.
- According to Business Quant data, Debt Ratio over the past three periods registered 0.4, 0.41, and 0.39 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 241.68 Bn | 237.61 Bn | 8.34 Bn | 0.40 |
| 2 | Danaher | 147.34 Bn | 142.99 Bn | 3.61 Bn | 0.30 |
| 3 | Agilent Technologies | 43.34 Bn | 41.59 Bn | 1.04 Bn | 0.30 |
| 4 | Illumina | 34.58 Bn | 33.41 Bn | 770.00 Mn | 0.30 |
| 5 | Revvity | 16.31 Bn | 15.29 Bn | 416.87 Mn | 0.27 |
| 6 | Bio-Techne | 11.28 Bn | 11.01 Bn | 211.39 Mn | 0.08 |
| 7 | Bio-Rad Laboratories | 10.16 Bn | 8.54 Bn | 345.80 Mn | 0.16 |
| 8 | Repligen | 9.77 Bn | 8.75 Bn | 110.04 Mn | 0.19 |
| 9 | 10x Genomics | 9.45 Bn | 8.90 Bn | 112.50 Mn | - |
| 10 | Bruker | 9.26 Bn | 9.04 Bn | 416.00 Mn | 0.30 |
Historic Data
Download Data
Historic 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 |