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

TMO has the lower trailing P/E: CVS trades at 46.66 and TMO at 31.01. P/E is one valuation measure and does not by itself establish which business is cheaper.

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 5.00%.

Does CVS or TMO pay a bigger dividend?

CVS yields 2.51% and TMO yields 0.31% 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 15.06%.

How have CVS and TMO total returns compared?

Over the past 10 years, CVS delivered 4.51% and TMO delivered 14.09% annualized total return. Past performance doesn't predict future results.

CVS Health Corp. (CVS) vs Thermo Fisher Scientific Inc. (TMO)

A side-by-side comparison of CVS Health Corp. and Thermo Fisher Scientific Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of July 30, 2026. Differences are shown without an overall score or investment verdict.

CVS

CVS Health Corp.

$133.27B

$104.45HealthcareDelayed quote: Jul 30, 2026, 11:00 AM EDT

TMO

Thermo Fisher Scientific Inc.

$208.85B

$562.00HealthcareDelayed quote: Jul 30, 2026, 11:00 AM EDT

Total return — CVS vs TMO

growth of $100 · dividends reinvested · last 30y

CVS +1673.5%TMO +1836.7%TMO compounded faster

CVS TMO

CVS vs TMO: by the numbers

•TMO is the larger company ($208.85B vs $133.27B market cap).
•TMO trades at the lower trailing earnings multiple (31.01 vs 46.66 P/E), one valuation lens rather than an overall verdict.
•TMO converts more revenue to profit (15.06% vs 0.72% net margin).
•CVS grew revenue faster over the past five years (8.52% vs 5.00% CAGR).
•CVS pays the higher dividend yield (2.51% vs 0.31%).

Metrics side by side

Valuation

Metric	CVS	TMO
P/E ratio	46.66	31.01
Forward P/E	14.22	23.01
P/S ratio	0.33	4.62
P/B ratio	1.75	4.06
PEG ratio	N/A	4.54
EV / EBITDA	19.39	24.03
FCF yield	5.46%	3.42%

Profitability

Metric	CVS	TMO
Gross margin	13.87%	40.37%
Operating margin	1.46%	17.69%
Net margin	0.72%	15.06%
ROE	3.79%	13.24%
ROIC	4.72%	7.58%

Dividends

Metric	CVS	TMO
Dividend yield	2.51%	0.31%
Payout ratio	190.00%	10.13%

Growth (annualized)

Metric	CVS	TMO
Revenue CAGR (5Y)	8.52%	5.00%
EPS CAGR (5Y)	-23.89%	1.99%
FCF CAGR (5Y)	-10.57%	-1.83%
Total return CAGR (5Y)	8.51%	1.84%

Frequently asked

Which has the lower trailing P/E, CVS or TMO?: TMO has the lower trailing P/E: CVS trades at 46.66 and TMO at 31.01. P/E is one valuation measure and does not by itself establish which business is cheaper.
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 5.00%.
Does CVS or TMO pay a bigger dividend?: CVS yields 2.51% and TMO yields 0.31% 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 15.06%.
How have CVS and TMO total returns compared?: Over the past 10 years, CVS delivered 4.51% and TMO delivered 14.09% annualized total return. Past performance doesn't predict future results.

Go deeper

Full CVS analysis Full TMO analysis Interactive comparison tool

Dig into the metrics

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

CVS Health & Thermo Fisher Scientific appear in these rankings

Highest Dividend Yield Stocks Highest FCF Yield Stocks Highest 10-Year Total Return Stocks Largest Companies by Market Cap

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 30, 2026.