Amgen Inc. (AMGN) vs Thermo Fisher Scientific Inc. (TMO)
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 July 28, 2026. Differences are shown without an overall score or investment verdict.
AMGN
Amgen Inc.
$393.10HealthcareDelayed quote: Jul 28, 2026, 4:00 PM EDT
TMO
Thermo Fisher Scientific Inc.
$576.41HealthcareDelayed quote: Jul 28, 2026, 4:00 PM EDT
Total return — AMGN vs TMO
growth of $100 · dividends reinvested · last 30yAMGN +3992.1%TMO +1760.3%AMGN compounded faster
AMGN TMO
AMGN vs TMO: by the numbers
- •TMO is the larger company ($214.21B vs $212.16B market cap).
- •AMGN trades at the lower trailing earnings multiple (26.18 vs 30.10 P/E), one valuation lens rather than an overall verdict.
- •AMGN converts more revenue to profit (20.95% vs 15.06% net margin).
- •AMGN grew revenue faster over the past five years (8.15% vs 5.00% CAGR).
- •AMGN pays the higher dividend yield (2.60% vs 0.32%).
Metrics side by side
Valuation
| Metric | AMGN | TMO |
|---|---|---|
| P/E ratio | 26.18 | 30.10 |
| Forward P/E | 16.84 | 22.33 |
| P/S ratio | 5.50 | 4.48 |
| P/B ratio | 22.27 | 3.94 |
| PEG ratio | 0.26 | 4.54 |
| EV / EBITDA | 14.99 | 23.44 |
| FCF yield | 4.20% | 3.52% |
Profitability
| Metric | AMGN | TMO |
|---|---|---|
| Gross margin | 71.46% | 40.37% |
| Operating margin | 31.63% | 17.69% |
| Net margin | 20.95% | 15.06% |
| ROE | 84.87% | 13.24% |
| ROIC | 13.16% | 7.58% |
Dividends
| Metric | AMGN | TMO |
|---|---|---|
| Dividend yield | 2.60% | 0.32% |
| Payout ratio | 68.39% | 10.13% |
Growth (annualized)
| Metric | AMGN | TMO |
|---|---|---|
| Revenue CAGR (5Y) | 8.15% | 5.00% |
| EPS CAGR (5Y) | 2.94% | 1.99% |
| FCF CAGR (5Y) | -2.66% | -1.83% |
| Total return CAGR (5Y) | 13.52% | 1.36% |
Frequently asked
- Which has the lower trailing P/E, AMGN or TMO?
- AMGN has the lower trailing P/E: AMGN trades at 26.18 and TMO at 30.10. P/E is one valuation measure and does not by itself establish which business is cheaper.
- 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 5.00%.
- Does AMGN or TMO pay a bigger dividend?
- AMGN yields 2.60% and TMO yields 0.32% 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 15.06%.
- How have AMGN and TMO total returns compared?
- Over the past 10 years, AMGN delivered 11.95% and TMO delivered 13.74% annualized total return. 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 July 28, 2026.