DHR vs TMO
Danaher (DHR) and Thermo Fisher Scientific (TMO) compared side by side. Thermo Fisher Scientific (TMO) is larger, with a market cap of $249.1B versus $162.0B for Danaher, about 1.5 times the size. On trailing earnings, TMO is cheaper at 35.5x versus 38.2x for DHR.
Head to head
| Metric | DHR | TMO |
|---|---|---|
| Market cap | $162.0B | $249.1B |
| P/E (TTM) | 38.2x | 35.5x |
| Forward P/E | 24.8x | 24.3x |
| Revenue (TTM) | $25.6B | $47.4B |
| Revenue growth | 8.3% | 9.1% |
| Gross margin | 59.4% | 41.2% |
| Operating margin | 21.1% | 20.2% |
| Free cash flow | $5.5B | $7.3B |
| Dividend yield | 0.69% | 0.28% |
| 1-year return | +4.3% | +18.2% |
| 5-year return (annual) | -3.2% | +2.2% |
| Max drawdown | -65% | -71% |
| FI Handbook grade | C+ | C+ |
Highlighted: the stronger figure on metrics where higher or lower is clearly better.
Growth of $10,000 (5 years, price only)
DHR vs TMO FAQ
Which is bigger, DHR or TMO?
Thermo Fisher Scientific (TMO) is larger, with a market cap of $249.1B versus $162.0B for Danaher, about 1.5 times the size.
Is DHR or TMO cheaper?
On trailing earnings, TMO is cheaper at 35.5x versus 38.2x for DHR. A lower P/E can reflect slower expected growth, so compare growth and margins too.
Which stock performed better over the past year, DHR or TMO?
TMO returned +18.2% over the past year including dividends, versus +4.3% for DHR, through October 23, 2026.
Which pays a higher dividend, DHR or TMO?
DHR yields 0.69% versus 0.28% for TMO.
Full pages: Danaher · Thermo Fisher Scientific