Thermo Fisher Scientific TMO
NYSE TMO
$659.18 +10.75 (+1.66%)
As of: Sep 17, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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