Is DHR or TMO cheaper?

On trailing earnings, TMO is cheaper: DHR trades at a 34.84 P/E and TMO at 25.80.

Which has grown faster, DHR or TMO?

Over the past five years, TMO grew revenue faster — DHR at a 2.05% CAGR versus TMO at 6.68%.

Does DHR or TMO pay a bigger dividend?

DHR yields 0.76% and TMO yields 0.38% based on trailing dividends and the latest price.

Is DHR or TMO more profitable?

TMO runs the higher net margin — DHR at 14.89% versus TMO at 15.18%.

Which has been the better investment, DHR or TMO?

Over the past 10-year, TMO delivered the higher annualized total return — DHR at 10.98% versus TMO at 12.26%. Past performance doesn't predict future results.

Danaher Corporation (DHR) vs Thermo Fisher Scientific Inc. (TMO)

TMO leads on 11 of 16 compared metrics.

A side-by-side comparison of Danaher 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).

Thermo Fisher Scientific Inc.

$174.42B

$469.34Healthcare

Total return — DHR vs TMO

growth of $100 · last 30y

DHR +5150.7%TMO +1191.9%DHR compounded faster

DHR TMO

DHR vs TMO: by the numbers

•TMO is the larger company ($174.42B vs $127.47B market cap).
•TMO trades at the lower earnings multiple (25.80 vs 34.84 P/E).
•TMO converts more revenue to profit (15.18% vs 14.89% net margin).
•TMO grew revenue faster over the past five years (6.68% vs 2.05% CAGR).
•DHR pays the higher dividend yield (0.76% vs 0.38%).

Which is better, DHR or TMO?

Metric tally: DHR 5 · TMO 11

It depends on what you're optimizing for:

ValueTMO(lower P/E)

GrowthTMO(faster 5Y revenue CAGR)

IncomeDHR(higher dividend yield)

QualityTMO(higher ROIC)

Metrics side by side

Valuation

Metric	DHR	TMO
P/E ratio	34.84	25.80●
Forward P/E	19.79	17.26●
P/S ratio	5.17	3.87●
P/B ratio	2.42●	3.37
PEG ratio	87.09	4.51●
EV / EBITDA	21.20	19.26●
FCF yield	4.13%●	3.86%

Profitability

Metric	DHR	TMO
Gross margin	60.68%●	39.41%
Operating margin	20.95%●	17.76%
Net margin	14.89%	15.18%
ROE	6.97%	13.21%●
ROIC	5.72%	7.58%●

Dividends

Metric	DHR	TMO
Dividend yield	0.76%●	0.38%
Payout ratio	26.82%	10.13%

Growth (annualized)

Metric	DHR	TMO
Revenue CAGR (5Y)	2.05%	6.68%●
EPS CAGR (5Y)	0.40%	1.99%●
FCF CAGR (5Y)	-0.45%	-0.19%●
Total return CAGR (5Y)	-3.38%	0.45%●

Frequently asked

Which is better, DHR or TMO?: It depends on your goal. value: TMO (lower P/E); growth: TMO (faster 5Y revenue CAGR); income: DHR (higher dividend yield); quality: TMO (higher ROIC). Across all compared metrics, TMO leads 11 to 5.
Is DHR or TMO cheaper?: On trailing earnings, TMO is cheaper: DHR trades at a 34.84 P/E and TMO at 25.80.
Which has grown faster, DHR or TMO?: Over the past five years, TMO grew revenue faster — DHR at a 2.05% CAGR versus TMO at 6.68%.
Does DHR or TMO pay a bigger dividend?: DHR yields 0.76% and TMO yields 0.38% based on trailing dividends and the latest price.
Is DHR or TMO more profitable?: TMO runs the higher net margin — DHR at 14.89% versus TMO at 15.18%.
Which has been the better investment, DHR or TMO?: Over the past 10-year, TMO delivered the higher annualized total return — DHR at 10.98% versus TMO at 12.26%. Past performance doesn't predict future results.

Go deeper

Full DHR analysis Full TMO analysis Interactive comparison tool

Dig into the metrics

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

Danaher & Thermo Fisher Scientific appear in these rankings

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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.