Thermo Fisher Scientific annual debt-to-equity ratio
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2025
Thermo Fisher Scientific Debt-to-Equity Ratio Growth & History (TMO)
Thermo Fisher Scientific's debt-to-equity ratio was 0.70 for fiscal 2025.
View full Thermo Fisher Scientific company overviewThermo Fisher Scientific annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.70 | 0.08 | +13.38% |
| 2024 | 2024-12-31 | 0.62 | −0.09 | −12.22% |
| 2023 | 2023-12-31 | 0.70 | 0.01 | +1.26% |
| 2022 | 2022-12-31 | 0.69 | −0.14 | −16.32% |
| 2021 | 2021-12-31 | 0.83 | 0.18 | +26.79% |
| 2020 | 2020-12-31 | 0.65 | 0.03 | +4.89% |
| 2019 | 2019-12-31 | 0.62 | −0.07 | −9.49% |
| 2018 | 2018-12-31 | 0.69 | −0.14 | −16.73% |
| 2017 | 2017-12-31 | 0.83 | 0.05 | +7.09% |
| 2016 | 2016-12-31 | 0.77 | 0.19 | +32.14% |
| 2015 | 2015-12-31 | 0.58 | −0.12 | −17.58% |
| 2014 | 2014-12-31 | 0.71 | 0.09 | +13.92% |
| 2013 | 2013-12-31 | 0.62 | 0.16 | +35.05% |
| 2012 | 2012-12-31 | 0.46 | −0.01 | −1.43% |
| 2011 | 2011-12-31 | 0.47 | 0.33 | +235.92% |
| 2010 | 2010-12-31 | 0.14 | −0.00 | −1.59% |
| 2009 | 2009-12-31 | 0.14 | 0.01 | +5.34% |
| 2008 | 2008-12-31 | 0.13 | — | — |
Thermo Fisher Scientific quarterly debt-to-equity ratio
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| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-27 | 0.74 | 0.09 | +13.79% |
| Q1 2026 | 2026-03-28 | 0.77 | 0.14 | +21.48% |
| Q4 2025 | 2025-12-31 | 0.70 | 0.08 | +13.38% |
| Q3 2025 | 2025-09-27 | 0.62 | −0.01 | −1.94% |
| Q2 2025 | 2025-06-28 | 0.65 | 0.02 | +2.37% |
| Q1 2025 | 2025-03-29 | 0.64 | −0.05 | −7.21% |
| Q4 2024 | 2024-12-31 | 0.62 | −0.09 | −12.22% |
| Q3 2024 | 2024-09-28 | 0.64 | −0.04 | −5.33% |
| Q2 2024 | 2024-06-29 | 0.64 | −0.03 | −4.31% |
| Q1 2024 | 2024-03-30 | 0.68 | −0.00 | −0.72% |
| Q4 2023 | 2023-12-31 | 0.70 | 0.01 | +1.26% |
| Q3 2023 | 2023-09-30 | 0.67 | 0.03 | +4.06% |
| Q2 2023 | 2023-07-01 | 0.67 | −0.02 | −3.52% |
| Q1 2023 | 2023-04-01 | 0.69 | −0.08 | −10.04% |
| Q4 2022 | 2022-12-31 | 0.69 | −0.14 | −16.32% |
| Q3 2022 | 2022-10-01 | 0.65 | 0.09 | +15.37% |
| Q2 2022 | 2022-07-02 | 0.69 | 0.18 | +35.74% |
| Q1 2022 | 2022-04-02 | 0.77 | 0.23 | +44.11% |
| Q4 2021 | 2021-12-31 | 0.83 | 0.18 | +26.79% |
| Q3 2021 | 2021-10-02 | 0.56 | −0.10 | −15.47% |
| Q2 2021 | 2021-07-03 | 0.51 | −0.20 | −28.58% |
| Q1 2021 | 2021-04-03 | 0.53 | −0.17 | −23.94% |
| Q4 2020 | 2020-12-31 | 0.65 | 0.03 | +4.89% |
| Q3 2020 | 2020-09-26 | 0.66 | 0.06 | +9.68% |
| Q2 2020 | 2020-06-27 | 0.71 | 0.03 | +3.96% |
| Q1 2020 | 2020-03-28 | 0.70 | 0.02 | +3.05% |
| Q4 2019 | 2019-12-31 | 0.62 | −0.07 | −9.49% |
| Q3 2019 | 2019-09-28 | 0.60 | −0.09 | −13.44% |
| Q2 2019 | 2019-06-29 | 0.69 | −0.05 | −6.56% |
| Q1 2019 | 2019-03-30 | 0.68 | −0.12 | −15.33% |
| Q4 2018 | 2018-12-31 | 0.69 | −0.14 | −16.73% |
| Q3 2018 | 2018-09-29 | 0.70 | −0.19 | −21.58% |
| Q2 2018 | 2018-06-30 | 0.73 | −0.02 | −2.10% |
| Q1 2018 | 2018-03-31 | 0.80 | 0.02 | +2.32% |
| Q4 2017 | 2017-12-31 | 0.83 | 0.05 | +7.09% |
| Q3 2017 | 2017-09-30 | 0.89 | 0.02 | +1.96% |
| Q2 2017 | 2017-07-01 | 0.75 | 0.08 | +12.74% |
| Q1 2017 | 2017-04-01 | 0.78 | 0.06 | +9.00% |
| Q4 2016 | 2016-12-31 | 0.77 | 0.19 | +32.14% |
| Q3 2016 | 2016-10-01 | 0.87 | 0.23 | +36.77% |
| Q2 2016 | 2016-07-02 | 0.67 | −0.01 | −1.88% |
| Q1 2016 | 2016-04-02 | 0.72 | −0.03 | −3.68% |
| Q4 2015 | 2015-12-31 | 0.58 | −0.12 | −17.58% |
| Q3 2015 | 2015-09-26 | 0.64 | −0.07 | −9.55% |
| Q2 2015 | 2015-06-27 | 0.68 | −0.08 | −10.07% |
| Q1 2015 | 2015-03-28 | 0.75 | −0.10 | −12.22% |
| Q4 2014 | 2014-12-31 | 0.71 | 0.09 | +13.92% |
| Q3 2014 | 2014-09-27 | 0.71 | 0.27 | +63.14% |
| Q2 2014 | 2014-06-28 | 0.75 | 0.30 | +67.49% |
| Q1 2014 | 2014-03-29 | 0.85 | 0.39 | +86.24% |
| Q4 2013 | 2013-12-31 | 0.62 | 0.16 | +35.05% |
| Q3 2013 | 2013-09-28 | 0.43 | −0.06 | −11.47% |
| Q2 2013 | 2013-06-29 | 0.45 | 0.02 | +4.03% |
| Q1 2013 | 2013-03-30 | 0.46 | 0.02 | +4.52% |
| Q4 2012 | 2012-12-31 | 0.46 | −0.01 | −1.43% |
| Q3 2012 | 2012-09-29 | 0.49 | 0.02 | +4.10% |
| Q2 2012 | 2012-06-30 | 0.43 | 0.18 | +68.33% |
| Q1 2012 | 2012-03-31 | 0.44 | 0.15 | +54.88% |
| Q4 2011 | 2011-12-31 | 0.47 | 0.33 | +235.92% |
| Q3 2011 | 2011-10-01 | 0.47 | 0.33 | +234.33% |
| Q2 2011 | 2011-07-02 | 0.26 | 0.12 | +84.89% |
| Q1 2011 | 2011-04-02 | 0.28 | 0.16 | +126.90% |
| Q4 2010 | 2010-12-31 | 0.14 | −0.00 | −1.59% |
| Q3 2010 | 2010-10-02 | 0.14 | 0.01 | +10.77% |
| Q2 2010 | 2010-07-03 | 0.14 | 0.01 | +3.93% |
| Q1 2010 | 2010-04-03 | 0.12 | — | — |
| Q4 2009 | 2009-12-31 | 0.14 | 0.01 | +5.34% |
| Q3 2009 | 2009-09-26 | 0.13 | — | — |
| Q2 2009 | 2009-06-27 | 0.13 | — | — |
| Q4 2008 | 2008-12-31 | 0.13 | — | — |
Thermo Fisher Scientific debt-to-equity ratio trends
Over the last five fiscal years, Thermo Fisher Scientific's debt-to-equity ratio increased from 0.65 to 0.70, a change of 0.05. The latest reported quarter, Q2 2026, shows 0.74.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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