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
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