Thermo Fisher Scientific (TMO) Debt to Equity (2009 - 2026)

Thermo Fisher Scientific (TMO) posted Debt to Equity of $0.83 for Q1 2026, up 12.71% quarter-over-quarter from $0.74 in Q4 2025, and up 19.98% year-on-year from $0.69 in Q1 2025.

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

Thermo Fisher Scientific (TMO) has reported Debt to Equity for 18 consecutive years, with $0.83 the latest figure, recorded in Q1 2026.

  • Debt to Equity for Q1 2026 came in at $0.83, up 19.98% year-over-year; the trailing twelve-month figure through Mar 2026 was $0.83 (up 19.98% YoY), and the FY2025 annual result was $0.74, up 16.82% from the prior year.
  • Debt to Equity was $0.83 for Q1 2026 at Thermo Fisher Scientific, up from $0.74 in the prior quarter.
  • Over five years, Debt to Equity peaked at $0.83 in Q2 2023 and troughed at $0.63 in Q4 2024.
  • Average Debt to Equity over 5 years is $0.74, with a median of $0.75 recorded in 2024.
  • Year-over-year, Debt to Equity jumped 52.49% in 2022 and retreated 15.54% in 2024.
  • Over 5 years, Debt to Equity stood at $0.78 in 2022, then declined by 4.59% to $0.75 in 2023, then declined by 15.54% to $0.63 in 2024, then climbed by 16.82% to $0.74 in 2025, then advanced by 12.71% to $0.83 in 2026.
  • Per Business Quant data, the three most recent Debt to Equity figures were $0.83 in Q1 2026, $0.74 in Q4 2025, and $0.7 in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt/Equity (Qtr)
1 Waters 31,055.11 Bn 31,054.65 Bn 1.11 Bn 0.32
2 Thermo Fisher Scientific 191.02 Bn 187.77 Bn 7.74 Bn 0.83
3 Danaher 137.16 Bn 131.47 Bn 3.59 Bn 0.35
4 Idexx Laboratories 42.82 Bn 42.62 Bn 722.74 Mn 0.53
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 -1.50
7 Iqvia Holdings 34.23 Bn 32.25 Bn 1.36 Bn 2.49
8 Illumina 28.14 Bn 26.98 Bn 721.00 Mn 0.56
9 Mettler Toledo International 26.40 Bn 26.33 Bn 555.82 Mn -53.21
10 Quest Diagnostics 23.76 Bn 23.67 Bn 942.00 Mn 0.74

Historic Data

Download Data
DateValue
Mar 28, 2026 0.83
Dec 31, 2025 0.74
Sep 27, 2025 0.70
Jun 28, 2025 0.70
Mar 29, 2025 0.69
Dec 31, 2024 0.63
Sep 28, 2024 0.72
Jun 29, 2024 0.75
Mar 30, 2024 0.78
Dec 31, 2023 0.75
Sep 30, 2023 0.78
Jul 1, 2023 0.78
Apr 1, 2023 0.83
Dec 31, 2022 0.78
Oct 1, 2022 0.67
Jul 2, 2022 0.71
Apr 2, 2022 0.81
Dec 31, 2021 0.85
Oct 2, 2021 0.56
Jul 3, 2021 0.51