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Debt-to-equity at other companies

Becton, Dickinson and Company logo
Becton, Dickinson and CompanyBDX
0.6×-0.1×
GLW
CorningGLW
-0.7×
Danaher logo
DanaherDHR
0.4×0.0×
Idexx Laboratories logo
Idexx LaboratoriesIDXX
0.4×-0.1×
WAT
Waters CorporationWAT
0.3×-0.4×
Agilent Technologies logo
Agilent TechnologiesA
0.5×-0.1×

Other financials

Income statement

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Revenue$11.0B+6.2%
Operating income$1.9B+8.6%
Net income$1.7B+9.6%
EPS (diluted)$4.43+11.3%

Balance sheet

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Cash & equivalents$3.3B-21.4%
Total debt$43.2B+16.6%
Total equity$51.9B+5.1%
Total assets$113.28B+14.4%

Cash flow

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Operating cash flow$1.2B+64.9%
CapEx$376.0M+3.9%
Free cash flow$816.0M+126%

Valuation

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Market cap$171.57B-2.7%
Enterprise value$211.45B+0.9%
P/E25.1×-2.0×
P/S-0.8×

Profitability

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Gross margin58.3%
Operating margin17.2%+0.8pp
Net margin15.2%+1.0pp

Returns & leverage

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Return on equity13.5%-0.2pp
Current ratio1.5×-0.2×

Where this comes from

Calculated from Thermo Fisher Scientific’s reported figures.

Based on the most recent quarter.

The official record: Thermo Fisher Scientific’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Thermo Fisher Scientific's debt-to-equity?
Thermo Fisher Scientific (TMO) reported debt-to-equity of 0.8× in Q1 2026.
How has Thermo Fisher Scientific's debt-to-equity changed year-over-year?
Thermo Fisher Scientific's debt-to-equity increased by 10.9% year-over-year, from 0.7× to 0.8×.
What is the long-term trend for Thermo Fisher Scientific's debt-to-equity?
Over 4 years (2021 to 2025), Thermo Fisher Scientific's debt-to-equity has grown at a 4.9% compound annual growth rate (CAGR), from 2.6× to 3.1×.
What does debt-to-equity mean?
How much debt the company carries for every dollar of shareholder equity.
How do you interpret debt-to-equity?
Lower is generally safer, but moderate leverage can boost returns. Read in the context of cash-flow stability — a utility tolerates more debt than a cyclical. Negative equity makes the ratio meaningless and it is suppressed there.
How does debt-to-equity compare across companies?
Comparable within an industry; capital structures differ sharply across sectors. Not meaningful for banks.