CVS Health Corporation (CVS) vs Thermo Fisher Scientific Inc. (TMO)
CVS and TMO are evenly matched — 8 metrics each of 16.
A side-by-side comparison of CVS Health Corporation and Thermo Fisher Scientific Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 15, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).
CVS
CVS Health Corporation
$101.96Healthcare
TMO
Thermo Fisher Scientific Inc.
$469.34Healthcare
Total return — CVS vs TMO
growth of $100 · last 30yCVS +891.8%TMO +1191.9%TMO compounded faster
CVS TMO
CVS vs TMO: by the numbers
- •TMO is the larger company ($174.42B vs $130.09B market cap).
- •TMO trades at the lower earnings multiple (25.80 vs 44.92 P/E).
- •TMO converts more revenue to profit (15.18% vs 0.72% net margin).
- •CVS grew revenue faster over the past five years (8.52% vs 6.68% CAGR).
- •CVS pays the higher dividend yield (2.61% vs 0.38%).
Which is better, CVS or TMO?
Metric tally: CVS 8 · TMO 8It depends on what you're optimizing for:
ValueTMO(lower P/E)
GrowthCVS(faster 5Y revenue CAGR)
IncomeCVS(higher dividend yield)
QualityTMO(higher ROIC)
Metrics side by side
Valuation
| Metric | CVS | TMO |
|---|---|---|
| P/E ratio | 44.92 | 25.80● |
| Forward P/E | 12.17● | 17.26 |
| P/S ratio | 0.32● | 3.87 |
| P/B ratio | 1.68● | 3.37 |
| PEG ratio | — | 4.51 |
| EV / EBITDA | 17.90● | 19.26 |
| FCF yield | 5.67%● | 3.86% |
Profitability
| Metric | CVS | TMO |
|---|---|---|
| Gross margin | 13.87% | 39.41%● |
| Operating margin | 1.46% | 17.76%● |
| Net margin | 0.72% | 15.18%● |
| ROE | 3.79% | 13.21%● |
| ROIC | 4.72% | 7.58%● |
Dividends
| Metric | CVS | TMO |
|---|---|---|
| Dividend yield | 2.61%● | 0.38% |
| Payout ratio | 190.00% | 10.13% |
Growth (annualized)
| Metric | CVS | TMO |
|---|---|---|
| Revenue CAGR (5Y) | 8.52%● | 6.68% |
| EPS CAGR (5Y) | -23.89% | 1.99%● |
| FCF CAGR (5Y) | -10.57% | -0.19%● |
| Total return CAGR (5Y) | 7.06%● | 0.45% |
Frequently asked
- Which is better, CVS or TMO?
- It depends on your goal. value: TMO (lower P/E); growth: CVS (faster 5Y revenue CAGR); income: CVS (higher dividend yield); quality: TMO (higher ROIC). Across all compared metrics, they are evenly matched.
- Is CVS or TMO cheaper?
- On trailing earnings, TMO is cheaper: CVS trades at a 44.92 P/E and TMO at 25.80.
- Which has grown faster, CVS or TMO?
- Over the past five years, CVS grew revenue faster — CVS at a 8.52% CAGR versus TMO at 6.68%.
- Does CVS or TMO pay a bigger dividend?
- CVS yields 2.61% and TMO yields 0.38% based on trailing dividends and the latest price.
- Is CVS or TMO more profitable?
- TMO runs the higher net margin — CVS at 0.72% versus TMO at 15.18%.
- Which has been the better investment, CVS or TMO?
- Over the past 10-year, TMO delivered the higher annualized total return — CVS at 3.66% versus TMO at 12.26%. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
CVS Health P/E ratioThermo Fisher Scientific P/E ratioCVS Health dividend yieldThermo Fisher Scientific dividend yieldCVS Health ROEThermo Fisher Scientific ROECVS Health operating marginThermo Fisher Scientific operating marginCVS Health revenue growthThermo Fisher Scientific revenue growthCVS Health free cash flowThermo Fisher Scientific free cash flow
CVS Health & 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 15, 2026.