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

UNH has the lower trailing P/E: TMO trades at 34.34 and UNH at 24.25. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, TMO or UNH?

Over the past five years, UNH grew revenue faster — TMO at a 5.00% CAGR versus UNH at 10.59%.

Does TMO or UNH pay a bigger dividend?

TMO yields 0.30% and UNH yields 2.28% based on trailing dividends and the latest price.

Is TMO or UNH more profitable?

TMO runs the higher net margin — TMO at 15.06% versus UNH at 3.14%.

How have TMO and UNH total returns compared?

Over the past 10 years, TMO delivered 15.88% and UNH delivered 13.19% annualized total return. Past performance doesn't predict future results.

Thermo Fisher Scientific Inc. (TMO) vs UnitedHealth Group Incorporated (UNH)

A side-by-side comparison of Thermo Fisher Scientific Inc. and UnitedHealth Group Incorporated across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 13, 2026. Differences are shown without an overall score or investment verdict.

TMO

Thermo Fisher Scientific Inc.

$237.21B

$638.33HealthcareDelayed quote: Sep 15, 2026, 3:15 PM EDT

UNH

UnitedHealth Group Incorporated

$342.52B

$377.16HealthcareDelayed quote: Sep 15, 2026, 3:15 PM EDT

Total return — TMO vs UNH

growth of $100 · dividends reinvested · last 10y

TMO +323.6% (+15.5%/yr)UNH +241.7% (+13.1%/yr)TMO compounded faster over this window

TMO UNH

TMO vs UNH: by the numbers

•UNH is the larger company ($342.52B vs $237.21B market cap).
•UNH trades at the lower trailing earnings multiple (24.25 vs 34.34 P/E), one valuation lens rather than an overall verdict.
•TMO converts more revenue to profit (15.06% vs 3.14% net margin).
•UNH grew revenue faster over the past five years (10.59% vs 5.00% CAGR).
•UNH pays the higher dividend yield (2.28% vs 0.30%).

Metrics side by side

Valuation

Metric	TMO	UNH
P/E ratio	34.34	24.25
Forward P/E	25.42	19.09
P/S ratio	5.12	0.76
P/B ratio	4.50	3.48
EV / EBITDA	26.26	14.92
FCF yield	3.08%	6.90%

Profitability

Metric	TMO	UNH
Gross margin	40.37%	22.49%
Operating margin	17.69%	4.82%
Net margin	15.06%	3.14%
ROE	13.25%	14.34%
ROIC	7.44%	9.19%

Dividends

Metric	TMO	UNH
Dividend yield	0.30%	2.28%
Payout ratio	9.68%	57.55%

Growth (annualized)

Metric	TMO	UNH
Revenue CAGR (5Y)	5.00%	10.59%
EPS CAGR (5Y)	1.99%	-4.06%
FCF CAGR (5Y)	-1.83%	-4.39%
Total return CAGR (5Y)	1.57%	0.70%

Frequently asked

Which has the lower trailing P/E, TMO or UNH?: UNH has the lower trailing P/E: TMO trades at 34.34 and UNH at 24.25. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, TMO or UNH?: Over the past five years, UNH grew revenue faster — TMO at a 5.00% CAGR versus UNH at 10.59%.
Does TMO or UNH pay a bigger dividend?: TMO yields 0.30% and UNH yields 2.28% based on trailing dividends and the latest price.
Is TMO or UNH more profitable?: TMO runs the higher net margin — TMO at 15.06% versus UNH at 3.14%.
How have TMO and UNH total returns compared?: Over the past 10 years, TMO delivered 15.88% and UNH delivered 13.19% annualized total return. Past performance doesn't predict future results.

Go deeper

Full TMO analysis Full UNH analysis Interactive comparison tool

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 September 13, 2026.