Thermo Fisher Scientific (TMO) Debt to Equity (2009 - 2026)
Thermo Fisher Scientific (TMO) recorded quarterly Debt to Equity of $0.83 in Q1 2026, up 12.71% on a QoQ basis from $0.74 in Q4 2025, and up 19.98% year-over-year from $0.69 in Q1 2025.
Thermo Fisher Scientific (TMO) Debt to Equity (2009 - 2026) Analysis & Trends
Thermo Fisher Scientific has disclosed Debt to Equity across 18 years of filings, most recently posting $0.83 for Q1 2026.
- Quarterly Debt to Equity rose 19.98% year-over-year to $0.83 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $0.83 (up 19.98% YoY) and the FY2025 annual result came in at $0.74, up 16.82% from the prior year.
- Debt to Equity grew to $0.83 in Q1 2026, 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.
- A 5-year average of $0.74 and a median of $0.75 in 2024 frame the typical range for Debt to Equity.
- Annual changes were most pronounced in 2022 — Debt to Equity surged 52.49% — and 2024, when it declined 15.54%.
- Tracing TMO's Debt to Equity over 5 years: stood at $0.78 in 2022, then dropped by 4.59% to $0.75 in 2023, then dropped by 15.54% to $0.63 in 2024, then advanced by 16.82% to $0.74 in 2025, then gained by 12.71% to $0.83 in 2026.
- Business Quant data shows TMO's Debt to Equity at $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 | 29,902.70 Bn | 29,902.24 Bn | 1.11 Bn | 0.32 |
| 2 | Thermo Fisher Scientific | 175.99 Bn | 172.74 Bn | 7.74 Bn | 0.83 |
| 3 | Danaher | 129.87 Bn | 124.18 Bn | 3.59 Bn | 0.35 |
| 4 | Idexx Laboratories | 44.75 Bn | 44.55 Bn | 722.74 Mn | 0.53 |
| 5 | Agilent Technologies | 37.52 Bn | 35.72 Bn | 990.00 Mn | -1.50 |
| 6 | Iqvia Holdings | 30.91 Bn | 28.94 Bn | 1.36 Bn | 2.49 |
| 7 | Natera | 30.21 Bn | 29.11 Bn | 696.04 Mn | 0.01 |
| 8 | Illumina | 24.19 Bn | 23.04 Bn | 721.00 Mn | 0.56 |
| 9 | Mettler Toledo International | 23.12 Bn | 23.06 Bn | 555.82 Mn | -53.21 |
| 10 | Quest Diagnostics | 21.68 Bn | 21.59 Bn | 942.00 Mn | 0.74 |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |