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

Thermo Fisher Scientific (TMO) recorded quarterly Debt Ratio of 0.38 in Q1 2026, up 6.75% on a QoQ basis from 0.36 in Q4 2025, and up 10.37% year-over-year from 0.35 in Q1 2025.

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

Thermo Fisher Scientific has disclosed Debt Ratio across 18 years of filings, most recently posting 0.38 for Q1 2026.

  • Quarterly Debt Ratio rose 10.37% year-over-year to 0.38 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.38 (up 10.37% YoY) and the FY2025 annual result came in at 0.36, up 11.07% from the prior year.
  • Debt Ratio rose to 0.38 in Q1 2026, 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.
  • A 5-year average of 0.35 and a median of 0.35 in 2022 frame the typical range for Debt Ratio.
  • Annual changes were most pronounced in 2022 — Debt Ratio advanced 26.79% — and 2024, when it fell 9.14%.
  • Tracing TMO's Debt Ratio over 5 years: stood at 0.35 in 2022, then fell by 0.37% to 0.35 in 2023, then slipped by 9.14% to 0.32 in 2024, then grew by 11.07% to 0.36 in 2025, then grew by 6.75% to 0.38 in 2026.
  • Business Quant data shows TMO's Debt Ratio at 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 29,902.70 Bn 29,902.24 Bn 1.11 Bn 0.20
2 Thermo Fisher Scientific 175.99 Bn 172.74 Bn 7.74 Bn 0.38
3 Danaher 129.87 Bn 124.18 Bn 3.59 Bn 0.22
4 Idexx Laboratories 44.75 Bn 44.55 Bn 722.74 Mn 0.25
5 Agilent Technologies 37.52 Bn 35.72 Bn 990.00 Mn 0.02
6 Iqvia Holdings 30.91 Bn 28.94 Bn 1.36 Bn 0.53
7 Natera 30.21 Bn 29.11 Bn 696.04 Mn 0.01
8 Illumina 24.19 Bn 23.04 Bn 721.00 Mn 0.23
9 Mettler Toledo International 23.12 Bn 23.06 Bn 555.82 Mn 0.61
10 Quest Diagnostics 21.68 Bn 21.59 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