Johnson & Johnson (JNJ) vs Thermo Fisher Scientific Inc. (TMO)
A side-by-side comparison of Johnson & Johnson and Thermo Fisher Scientific Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of July 31, 2026. Differences are shown without an overall score or investment verdict.
JNJ
Johnson & Johnson
$256.35HealthcareDelayed quote: Jul 31, 2026, 4:00 PM EDT
TMO
Thermo Fisher Scientific Inc.
$574.30HealthcareDelayed quote: Jul 31, 2026, 4:00 PM EDT
Total return — JNJ vs TMO
growth of $100 · dividends reinvested · last 30yJNJ +2154.2%TMO +1825.5%JNJ compounded faster
JNJ TMO
JNJ vs TMO: by the numbers
- •JNJ is the larger company ($617.78B vs $213.42B market cap).
- •JNJ trades at the lower trailing earnings multiple (29.64 vs 31.71 P/E), one valuation lens rather than an overall verdict.
- •JNJ converts more revenue to profit (21.48% vs 15.06% net margin).
- •TMO grew revenue faster over the past five years (5.00% vs 2.93% CAGR).
- •JNJ pays the higher dividend yield (2.05% vs 0.31%).
Metrics side by side
Valuation
| Metric | JNJ | TMO |
|---|---|---|
| P/E ratio | 29.64 | 31.71 |
| Forward P/E | 21.89 | 22.99 |
| P/S ratio | 6.37 | 4.76 |
| P/B ratio | 7.35 | 4.14 |
| PEG ratio | 0.21 | 4.54 |
| EV / EBITDA | 20.37 | 24.22 |
| FCF yield | 3.00% | 3.14% |
Profitability
| Metric | JNJ | TMO |
|---|---|---|
| Gross margin | 70.45% | 40.37% |
| Operating margin | 26.81% | 17.69% |
| Net margin | 21.48% | 15.06% |
| ROE | 24.76% | 13.24% |
| ROIC | 13.71% | 7.58% |
Dividends
| Metric | JNJ | TMO |
|---|---|---|
| Dividend yield | 2.05% | 0.31% |
| Payout ratio | 47.51% | 10.13% |
Growth (annualized)
| Metric | JNJ | TMO |
|---|---|---|
| Revenue CAGR (5Y) | 2.93% | 5.00% |
| EPS CAGR (5Y) | 11.51% | 1.99% |
| FCF CAGR (5Y) | -2.05% | -1.83% |
| Total return CAGR (5Y) | 11.48% | 1.48% |
Frequently asked
- Which has the lower trailing P/E, JNJ or TMO?
- JNJ has the lower trailing P/E: JNJ trades at 29.64 and TMO at 31.71. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, JNJ or TMO?
- Over the past five years, TMO grew revenue faster — JNJ at a 2.93% CAGR versus TMO at 5.00%.
- Does JNJ or TMO pay a bigger dividend?
- JNJ yields 2.05% and TMO yields 0.31% based on trailing dividends and the latest price.
- Is JNJ or TMO more profitable?
- JNJ runs the higher net margin — JNJ at 21.48% versus TMO at 15.06%.
- How have JNJ and TMO total returns compared?
- Over the past 10 years, JNJ delivered 10.46% and TMO delivered 14.01% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Johnson & Johnson P/E ratioThermo Fisher Scientific P/E ratioJohnson & Johnson dividend yieldThermo Fisher Scientific dividend yieldJohnson & Johnson ROEThermo Fisher Scientific ROEJohnson & Johnson operating marginThermo Fisher Scientific operating marginJohnson & Johnson revenue growthThermo Fisher Scientific revenue growthJohnson & Johnson free cash flowThermo Fisher Scientific free cash flow
Johnson & Johnson & Thermo Fisher Scientific appear in these rankings
Highest Dividend Yield Stocks25+ Year Dividend GrowersHighest 10-Year Total Return StocksLargest Companies by Market Cap
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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 July 31, 2026.