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Stocks/Health Care/Life Sciences Tools & Services

Thermo Fisher ScientificTMO

Life Sciences Tools & Services · Waltham, Massachusetts · In the S&P 500
Solid businessPricier than peers
$697.00−1.72%After hours: $696.18 (−0.12%)At the close, 30 Oct · Prices from CNBC, may be delayed
▲ 24.8% over 1 year
Thermo Fisher Scientific over 1 yearDaily close, $, to 30 Oct 2026
$500$600Nov2026MarMayJulSep$697.00$500$600NovMarJul$697.00
Source: Nasdaq daily closes
Market value$258B
Price to earnings36.8x
Forward P/E26.6x
Dividend yield0.27%
Year to date+20.3%
One year+24.8%
Next earningsNot scheduled
SectorHealth Care
52-week range (closes)
$438.34$709.18

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Quality and valuation

How Thermo Fisher Scientific compares with other health care stocks. A description, not a recommendation.

Thermo Fisher Scientific and 7 life sciences tools & services peers. Across: valuation (P/E) against the sector. Up: business quality against the sector. Hover or tap a logo for its numbers.

Business quality: about averageValuation: pricier than most

An average business among health care companies, priced above most of them.

Thermo Fisher Scientific trades at 26.6 times the next 12 months of expected earnings, against a median of 19.1x for the 65 health care stocks we cover. The quality score blends where it ranks on revenue growth, gross margin, operating margin and free-cash-flow margin (net margin for banks and insurers) over the last 12 months, from SEC filings.

  • Revenue grew slower than the sector median: +7.2% vs +7.8%
  • More profitable (operating margin): 17.6% vs 13.3%
  • Turns less of its sales into cash: 15.8% vs 15.9%
TMO trades at 26.6x forward earnings, above the sector medianForward p/e, Life Sciences Tools & Services peers
IQV19.8xDHR26.5xTMO26.6xA26.6xCRL29.1xWAT29.8xMTD34.1xILMN41.6xSector median 19.1xIQV19.8xDHR26.5xTMO26.6xA26.6xCRL29.1xWAT29.8xMTD34.1xILMN41.6xSector median 19.1x
Source: CNBC quotes; Mostly Markets
At 37.5x earnings, TMO is pricier than its average since Aug 2024Price over the last 12 months of reported (GAAP) diluted EPS
P/EUsual range (±1 s.d.)
25x30x35xAverage 31.1x2025202637.5x30xAverage 31.1x2025202637.5x
Source: Nasdaq prices; SEC filings

Financials

From Thermo Fisher Scientific's SEC filings, through the quarter ending 27 Jun 2026. Hover or tap a bar for its value.

Revenue grew 10.5% from a year earlierQuarterly revenue, $bn, latest Q2 ’26
$0bn$5bn$10bnQ3 ’24Q1 ’25Q3 ’25$12.0bnQ2 ’26$0bn$5bn$10bnQ3 ’24Q1 ’25Q3 ’25$12.0bnQ2 ’26
Source: SEC filings
Growth sped up to +10.5% last quarterRevenue growth, year on year, %
0%5%10%Q3 ’24Q1 ’25Q3 ’2510.5%Q2 ’260%5%10%Q3 ’24Q1 ’25Q3 ’2510.5%Q2 ’26
Source: SEC filings
Operating margin was 17.4% last quarterOperating income as a share of revenue, %
0%5%10%15%Q3 ’24Q1 ’25Q3 ’2517.4%Q2 ’260%10%Q3 ’24Q1 ’25Q3 ’2517.4%Q2 ’26
Source: SEC filings
Free cash flow was $7.3 billion over 12 monthsQuarterly free cash flow (operating cash flow minus capex), $bn
$0bn$1bn$2bnQ3 ’24Q1 ’25Q3 ’25$1.7bnQ2 ’26$0bn$1bn$2bnQ3 ’24Q1 ’25Q3 ’25$1.7bnQ2 ’26
Source: SEC filings
Last 12 monthsTMOSector median
Revenue growth+7.2%+7.8%
Operating margin17.6%13.3%
Free cash flow margin15.8%15.9%
Price to earnings36.8x30.2x

Similar companies

Life Sciences Tools & Services, by market value.

CompanyPriceTodayYTDValue
DHRDanaher$232.23−2.00%+1.4%$163B
AAgilent Technologies$174.87−3.47%+28.5%$49.30B
WATWaters$462.72−3.61%+21.8%$45.46B
IQVIQVIA$267.33−2.81%+18.6%$44.06B
ILMNIllumina$235.99−18.64%+79.9%$35.63B
MTDMettler Toledo$1,674.81−2.55%+20.1%$33.56B
CRLCharles River Laboratories$359.41−4.44%+80.2%$17.16B
TECHBio-Techne$72.66−0.07%+23.6%$11.41B