Amgen Inc. (AMGN) vs Thermo Fisher Scientific Inc. (TMO)
AMGN leads on 14 of 17 compared metrics.
A side-by-side comparison of Amgen Inc. and Thermo Fisher Scientific Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 13, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).
Total return — AMGN vs TMO
growth of $100 · last 30yAMGN +2282.3%TMO +1154.9%AMGN compounded faster
AMGN TMO
AMGN vs TMO: by the numbers
- •AMGN is the larger company ($191.70B vs $174.42B market cap).
- •AMGN trades at the lower earnings multiple (24.72 vs 25.80 P/E).
- •AMGN converts more revenue to profit (20.95% vs 15.18% net margin).
- •AMGN grew revenue faster over the past five years (8.15% vs 6.68% CAGR).
- •AMGN pays the higher dividend yield (2.76% vs 0.28%).
Which is better, AMGN or TMO?
Metric tally: AMGN 14 · TMO 3It depends on what you're optimizing for:
ValueAMGN(lower P/E)
GrowthAMGN(faster 5Y revenue CAGR)
IncomeAMGN(higher dividend yield)
QualityAMGN(higher ROIC)
Valuation
| Metric | AMGN | TMO |
|---|---|---|
| P/E ratio | 24.72● | 25.80 |
| Forward P/E | 15.15● | 17.26 |
| P/S ratio | 5.19 | 3.87● |
| P/B ratio | 21.03 | 3.37● |
| PEG ratio | 0.26● | 4.51 |
| EV / EBITDA | 15.32● | 19.26 |
| FCF yield | 4.45%● | 3.86% |
Profitability
| Metric | AMGN | TMO |
|---|---|---|
| Gross margin | 71.46%● | 39.41% |
| Operating margin | 31.63%● | 17.76% |
| Net margin | 20.95%● | 15.18% |
| ROE | 84.87%● | 13.21% |
| ROIC | 13.16%● | 7.58% |
Dividends
| Metric | AMGN | TMO |
|---|---|---|
| Dividend yield | 2.76%● | 0.28% |
| Payout ratio | 68.39% | 7.48% |
Growth (annualized)
| Metric | AMGN | TMO |
|---|---|---|
| Revenue CAGR (5Y) | 8.15%● | 6.68% |
| EPS CAGR (5Y) | 2.94%● | 1.99% |
| FCF CAGR (5Y) | -2.66% | -0.19%● |
| Total return CAGR (5Y) | 11.36%● | 0.45% |
Frequently asked
- Which is better, AMGN or TMO?
- It depends on your goal. value: AMGN (lower P/E); growth: AMGN (faster 5Y revenue CAGR); income: AMGN (higher dividend yield); quality: AMGN (higher ROIC). Across all compared metrics, AMGN leads 14 to 3.
- Is AMGN or TMO cheaper?
- On trailing earnings, AMGN is cheaper: AMGN trades at a 24.72 P/E and TMO at 25.80.
- Which has grown faster, AMGN or TMO?
- Over the past five years, AMGN grew revenue faster — AMGN at a 8.15% CAGR versus TMO at 6.68%.
- Does AMGN or TMO pay a bigger dividend?
- AMGN yields 2.76% and TMO yields 0.28% based on trailing dividends and the latest price.
- Is AMGN or TMO more profitable?
- AMGN runs the higher net margin — AMGN at 20.95% versus TMO at 15.18%.
- Which has been the better investment, AMGN or TMO?
- Over the past 10-year, TMO delivered the higher annualized total return — AMGN at 11.94% versus TMO at 12.26%. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Amgen P/E ratioThermo Fisher Scientific P/E ratioAmgen dividend yieldThermo Fisher Scientific dividend yieldAmgen ROEThermo Fisher Scientific ROEAmgen operating marginThermo Fisher Scientific operating marginAmgen revenue growthThermo Fisher Scientific revenue growthAmgen free cash flowThermo Fisher Scientific free cash flow
Amgen & Thermo Fisher Scientific appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified June 13, 2026.