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

TMO has the lower trailing P/E: DHR trades at 34.90 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, DHR or TMO?

Over the past five years, TMO grew revenue faster — DHR at a 1.97% CAGR versus TMO at 5.00%.

Does DHR or TMO pay a bigger dividend?

DHR yields 0.53% and TMO yields 0.31% based on trailing dividends and the latest price.

Is DHR or TMO more profitable?

DHR runs the higher net margin — DHR at 15.95% versus TMO at 15.06%.

How have DHR and TMO total returns compared?

Over the past 10 years, DHR delivered 11.10% and TMO delivered 14.09% annualized total return. Past performance doesn't predict future results.

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

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 July 30, 2026. Differences are shown without an overall score or investment verdict.

DHR

Danaher Corporation

$136.33B

$193.93HealthcareDelayed 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 — DHR vs TMO

growth of $100 · dividends reinvested · last 30y

DHR +6466.0%TMO +1836.7%DHR compounded faster

DHR TMO

DHR vs TMO: by the numbers

•TMO is the larger company ($208.85B vs $136.33B market cap).
•TMO trades at the lower trailing earnings multiple (31.01 vs 34.90 P/E), one valuation lens rather than an overall verdict.
•DHR converts more revenue to profit (15.95% vs 15.06% net margin).
•TMO grew revenue faster over the past five years (5.00% vs 1.97% CAGR).
•DHR pays the higher dividend yield (0.53% vs 0.31%).

Metrics side by side

Valuation

Metric	DHR	TMO
P/E ratio	34.90	31.01
Forward P/E	23.14	23.01
P/S ratio	5.54	4.62
P/B ratio	2.64	4.06
PEG ratio	87.25	4.54
EV / EBITDA	24.56	24.03
FCF yield	3.93%	3.42%

Profitability

Metric	DHR	TMO
Gross margin	58.51%	40.37%
Operating margin	20.42%	17.69%
Net margin	15.95%	15.06%
ROE	7.61%	13.24%
ROIC	5.72%	7.58%

Dividends

Metric	DHR	TMO
Dividend yield	0.53%	0.31%
Payout ratio	20.51%	10.13%

Growth (annualized)

Metric	DHR	TMO
Revenue CAGR (5Y)	1.97%	5.00%
EPS CAGR (5Y)	0.40%	1.99%
FCF CAGR (5Y)	-2.83%	-1.83%
Total return CAGR (5Y)	-5.26%	1.84%

Frequently asked

Which has the lower trailing P/E, DHR or TMO?: TMO has the lower trailing P/E: DHR trades at 34.90 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, DHR or TMO?: Over the past five years, TMO grew revenue faster — DHR at a 1.97% CAGR versus TMO at 5.00%.
Does DHR or TMO pay a bigger dividend?: DHR yields 0.53% and TMO yields 0.31% based on trailing dividends and the latest price.
Is DHR or TMO more profitable?: DHR runs the higher net margin — DHR at 15.95% versus TMO at 15.06%.
How have DHR and TMO total returns compared?: Over the past 10 years, DHR delivered 11.10% and TMO delivered 14.09% annualized total return. 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

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.