Total Debt for Thermo Fisher Scientific (TMO)
According to Thermo Fisher Scientific's latest reported financial statements, the company's latest reported total debt is $43.16B USD. Total debt is the sum of short-term and long-term interest-bearing borrowings on the balance sheet (notes, bonds, term loans, lease liabilities). Useful for leverage and refinancing risk — combine with cash on hand for net debt, and see total liabilities for the broader obligations picture.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
Currently viewingTotal DebtSwitch metric
Latest period
$43.16B
YoY change
+24.7%
5Y CAGR
+12.6%
Peak year (2025)
$40.85B
Latest annual
$40.85B
Total Debt history chart for Thermo Fisher Scientific (TMO) from 1985 to 2025
Total Debt history table for Thermo Fisher Scientific (TMO) from 1985 to 2025
| Fiscal year | Period ended | Reported | Total Debt | YoY |
|---|---|---|---|---|
| 2025 | $40.85B | +24.7% | ||
| 2024 | $32.77B | -10.0% | ||
| 2023 | $36.42B | +1.0% | ||
| 2022 | $36.07B | -0.7% | ||
| 2021 | $36.34B | +61.2% | ||
| 2020 | $22.55B | +21.9% | ||
| 2019 | $18.49B | -2.6% | ||
| 2018 | $18.99B | -9.6% | ||
| 2017 | $21.01B | +26.3% | ||
| 2016 | $16.63B | +33.3% | ||
| 2015 | $12.47B | -14.4% | ||
| 2014 | $14.56B | +38.9% | ||
| 2013 | $10.49B | +47.2% | ||
| 2012 | $7.12B | +1.4% | ||
| 2011 | $7.03B | +223.8% | ||
| 2010 | $2.17B | -0.6% | ||
| 2009 | $2.18B | +6.1% | ||
| 2008 | $2.06B | -6.2% | ||
| 2007 | $2.20B | -17.6% | ||
| 2006 | $2.66B | +344.9% | ||
| 2005 | $598.77M | +148.4% | ||
| 2004 | $241.09M | -12.5% | ||
| 2003 | $275.49M | -70.6% | ||
| 2002 | $935.82M | +18.9% | ||
| 2001 | $787.00M | -51.1% | ||
| 2000 | $1.61B | -4.2% | ||
| 1999 | $1.68B | -22.3% | ||
| 1998 | $2.16B | +12.5% | ||
| 1997 | $1.92B | +12.7% | ||
| 1996 | $1.70B | +39.4% | ||
| 1995 | $1.22B | +7.9% | ||
| 1994 | $1.13B | +63.4% | ||
| 1993 | $693.40M | +34.3% | ||
| 1992 | $516.20M | +98.6% | ||
| 1991 | $259.90M | +19.9% | ||
| 1990 | $216.80M | +8.6% | ||
| 1989 | $199.60M | +24.9% | ||
| 1988 | $159.80M | +13.3% | ||
| 1987 | $141.00M | +124.2% | ||
| 1986 | $62.90M | +23.3% | ||
| 1985 | $51.00M | — |
Total Debt values are taken from Thermo Fisher Scientific's reported balance sheets (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
Thermo Fisher Scientific (TMO) most recent annual total debt stands at $40.85B (2025) – grew 24.7% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Thermo Fisher Scientific total debt compounded at +12.6% per year, with the latest reading among the more recent periods of the dataset.
Across the available history, total debt reached its high of $40.85B in 2025 and its low of $51.00M in 1985.
Within Healthcare, Thermo Fisher Scientific (TMO) ranks 8th among 8 peers we track. The peer median for total debt is $52.57B.
Thermo Fisher Scientific Total Debt by Year
Thermo Fisher Scientific Total Debt 2025: $40.85B
Thermo Fisher Scientific total debt in 2025 was $40.85B, grew 24.7% from 2024. This figure represents the highest annual value in the available history.
Thermo Fisher Scientific Total Debt 2024: $32.77B
Thermo Fisher Scientific total debt in 2024 was $32.77B, declined 10.0% below 2023.
Thermo Fisher Scientific Total Debt 2023: $36.42B
Thermo Fisher Scientific total debt in 2023 was $36.42B, edged up 1.0% from 2022.
Thermo Fisher Scientific Total Debt 2022: $36.07B
Thermo Fisher Scientific total debt in 2022 was $36.07B, edged down 0.7% below 2021.
Thermo Fisher Scientific Total Debt 2021: $36.34B
Thermo Fisher Scientific total debt in 2021 was $36.34B.
See more financial history for Thermo Fisher Scientific (TMO).
Sector peers — Total Debt
Companies in the same sector as Thermo Fisher Scientific, ranked by their latest total debt.
| Company | Total Debt | Sector |
|---|---|---|
| Novo Nordisk A/S (NVO) | $130.96B | Healthcare |
| UnitedHealth Group Incorporated (UNH) | $78.39B | Healthcare |
| AbbVie Inc. (ABBV) | $69.07B | Healthcare |
| Amgen Inc. (AMGN) | $54.60B | Healthcare |
| Merck & Co., Inc. (MRK) | $50.53B | Healthcare |
| Johnson & Johnson (JNJ) | $47.93B | Healthcare |
| Eli Lilly and Company (LLY) | $42.50B | Healthcare |
| AstraZeneca PLC (AZN) | $29.70B | Healthcare |
Frequently asked questions
What is Thermo Fisher Scientific's total debt?
- Latest reported total debt for Thermo Fisher Scientific (TMO) is $43.16B (period ending March 28, 2026).
How has Thermo Fisher Scientific total debt changed year-over-year?
- Thermo Fisher Scientific (TMO) total debt changed +24.7% year-over-year on the latest annual filing.
What is the long-term growth rate of Thermo Fisher Scientific total debt?
- Thermo Fisher Scientific (TMO) total debt compound annual growth rate is +12.6% over the most recent 5 years available.
When did Thermo Fisher Scientific total debt hit its highest annual value?
- Thermo Fisher Scientific total debt reached its highest annual value of $40.85B in 2025.
What was Thermo Fisher Scientific total debt in 2024?
- Thermo Fisher Scientific (TMO) total debt in 2024 was $32.77B.
What was Thermo Fisher Scientific total debt in 2025?
- Thermo Fisher Scientific (TMO) total debt in 2025 was $40.85B.
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