DHR vs TMO

Danaher Corporation and Thermo Fisher Scientific, both Healthcare

Thermo Fisher Scientific is the larger company at $173B against $125B. On trailing earnings TMO is the cheaper of the two at a P/E of 35.4 against 39.0, a gap that is only a bargain if the two are growing at similar rates. Over the past year TMO returned +37% against +13% for DHR. The RyuScore puts DHR ahead, 51 against 50 out of 100.

Danaher Corporation and Thermo Fisher Scientific compared on valuation, return and the RyuScore
FigureDHRTMO
Last close$220$658
Market cap$125B$173B
Trailing P/Elower is cheaper for the same earnings, not automatically better39.035.4
Dividend yieldn/a0.3%
1-year return+13%+37%
5-year return-21%+19%
RyuScoresector-relative, 1–1051/10050/100

Figures from SEC filings and end-of-day closes. Highlighting marks the higher or lower number, which is not the same as the better investment, a low P/E can be a warning and a high one can be deserved.

Danaher Corporation

Revenue of $6.3B in Q2 2026, net income $870M. Its largest reported line is Diagnostics, 46% of the disclosed total.

Thermo Fisher Scientific

Revenue of $12B in Q2 2026, net income $1.7B. Its largest reported line is Life Sciences Solutions, 38% of the disclosed total.

Open these two in the interactive comparison to add more names, change the period or see the correlation.