Which has the lower trailing P/E, AMGN or TMO?

AMGN has the lower trailing P/E: AMGN trades at 23.45 and TMO at 32.80. 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 8.39% CAGR versus TMO at 5.00%.

Does AMGN or TMO pay a bigger dividend?

AMGN yields 2.56% and TMO yields 0.30% based on trailing dividends and the latest price.

Is AMGN or TMO more profitable?

AMGN runs the higher net margin — AMGN at 22.93% 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 15.81% annualized total return. Past performance doesn't predict future results.

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 September 10, 2026. Differences are shown without an overall score or investment verdict.

AMGN

Amgen Inc.

$203.66B

$377.35HealthcareDelayed quote: Sep 11, 2026, 4:00 PM EDT

TMO

Thermo Fisher Scientific Inc.

$226.62B

$609.82HealthcareDelayed quote: Sep 11, 2026, 4:00 PM EDT

Total return — AMGN vs TMO

growth of $100 · dividends reinvested · last 10y

AMGN +245.1% (+13.2%/yr)TMO +314.9% (+15.3%/yr)TMO compounded faster over this window

AMGN TMO

AMGN vs TMO: by the numbers

•TMO is the larger company ($226.62B vs $203.66B market cap).
•AMGN trades at the lower trailing earnings multiple (23.45 vs 32.80 P/E), one valuation lens rather than an overall verdict.
•AMGN converts more revenue to profit (22.93% vs 15.06% net margin).
•AMGN grew revenue faster over the past five years (8.39% vs 5.00% CAGR).
•AMGN pays the higher dividend yield (2.56% vs 0.30%).

Metrics side by side

Valuation

Metric	AMGN	TMO
P/E ratio	23.45	32.80
Forward P/E	16.35	24.29
P/S ratio	5.34	4.89
P/B ratio	17.42	4.30
EV / EBITDA	N/A	25.25
FCF yield	5.00%	3.23%

Profitability

Metric	AMGN	TMO
Gross margin	72.65%	40.37%
Operating margin	33.18%	17.69%
Net margin	22.93%	15.06%
ROE	74.80%	13.25%
ROIC	14.22%	7.44%

Dividends

Metric	AMGN	TMO
Dividend yield	2.56%	0.30%
Payout ratio	60.91%	9.68%

Growth (annualized)

Metric	AMGN	TMO
Revenue CAGR (5Y)	8.39%	5.00%
EPS CAGR (5Y)	2.94%	1.99%
FCF CAGR (5Y)	-3.91%	-1.83%
Total return CAGR (5Y)	15.90%	1.55%

Frequently asked

Which has the lower trailing P/E, AMGN or TMO?: AMGN has the lower trailing P/E: AMGN trades at 23.45 and TMO at 32.80. 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 8.39% CAGR versus TMO at 5.00%.
Does AMGN or TMO pay a bigger dividend?: AMGN yields 2.56% and TMO yields 0.30% based on trailing dividends and the latest price.
Is AMGN or TMO more profitable?: AMGN runs the higher net margin — AMGN at 22.93% 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 15.81% annualized total return. Past performance doesn't predict future results.

Go deeper

Full AMGN analysis Full TMO analysis Interactive comparison tool

Dig into the metrics

Amgen P/E ratio Thermo Fisher Scientific P/E ratio Amgen dividend yield Thermo Fisher Scientific dividend yield Amgen ROE Thermo Fisher Scientific ROE Amgen operating margin Thermo Fisher Scientific operating margin Amgen revenue growth Thermo Fisher Scientific revenue growth Amgen free cash flow Thermo Fisher Scientific free cash flow

Amgen & Thermo Fisher Scientific appear in these rankings

Highest Dividend Yield Stocks Highest ROE Stocks Highest Operating Margin Stocks Highest FCF Yield Stocks

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 September 10, 2026.