CRL vs LH vs TMO Stock Comparison

Charles River Laboratories International, Labcorp Holdings and Thermo Fisher Scientific Prices as of Nov 2, 2026 Peers: Industry group
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LH Labcorp Holdings Inc.
$355.65 +15.3% 1M +40.0% 1Y
Market cap
$29.96B
P/E
29.8x
Revenue (TTM)
$14.59B
Div. yield
–
Diagnostic Labs Healthcare
6 wins

Head to Head

11 decided of 12

Labcorp Holdings leads on 6 of the 12 questions below (Labcorp Holdings 6, Thermo Fisher Scientific 4, Charles River Laboratories International 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCRLLHTMOLeader
Larger companyMarket capitalisation $15.87B $29.96B $262.16B TMO
Cheaper on earningsLower P/E, profitable companies only -66.6x 29.8x 37.1x LH
Cheaper on forward earningsLower price / next fiscal year consensus EPS 32.3x 20.7x 27.0x LH
Faster revenue growthRevenue growth, trailing twelve months -0.7% +6.0% +8.3% TMO
More profitableNet margin, trailing twelve months -6.0% 6.9% 14.9% TMO
Better return on capitalReturn on invested capital 1.6% 8.5% 8.0% LH
Less leveragedLower net debt / EBITDA 6.3x 2.5x 3.1x LH
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +88.0% +40.0% +20.3% CRL
Better 5-year returnAnnualised price return, 5 years -2.7%/yr +7.6%/yr +1.2%/yr LH
Less volatileAnnualised volatility, 1 year 46.4% 24.4% 30.0% LH
Higher overall scoreMean of the five percentile scores vs peers 45/100 57/100 59/100 TMO

Percentile Scorecard

CRLLHTMO

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisCRLLHTMO
Valuation 60 #5 of 11 61 #37 of 94 60 #91 of 227
Growth 10 #10 of 11 35 #57 of 87 39 #135 of 220
Profitability 70 #4 of 11 71 #26 of 86 83 #36 of 209
Financial Health 42 #8 of 13 45 #55 of 99 31 #166 of 240
Shareholder Returns – 71 #17 of 56 83 #25 of 138
Overall 45 57 59
  • CRL ranked among 13 companies in Pharma Services
  • LH ranked among 102 companies in Healthcare Providers
  • TMO ranked among 247 companies in Medical Devices and Diagnostics

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodCRLLHTMOSPY
1 month +16.7%+15.3%+4.2% -2.3%
3 months +46.6%+15.6%+18.9% -0.7%
6 months +96.4%+40.6%+47.6% +4.8%
Year to date +69.7%+41.8%+17.8% +10.3%
1 year +88.0%+40.0%+20.3% +10.3%
3 years +86.1%+69.2%+50.1% +73.0%
3 years, per year +23.0%+19.2%+14.5% +20.1%
5 years -12.7%+44.0%+6.3% +61.9%
5 years, per year -2.7%+7.6%+1.2% +10.1%
10 years +382.7%+233.8%+368.3% +258.6%
10 years, per year +17.1%+12.8%+16.7% +13.6%

Risk

MeasureCRLLHTMOSPY
Volatility, 1Y 46.4%24.4%30.0% 12.8%
Downside volatility, 1Y 43.9%21.8%28.6% 12.8%
Beta vs S&P 500, 1Y 1.330.390.63 1.00
Return / volatility, 1Y 1.891.640.68 0.80
Max drawdown, 5Y -74.7%-35.0%-41.5% -25.4%
From 52-week high -9.9%-3.4%-3.7% -3.5%
52-week high $375.83$368.15$709.29 $779.14
52-week low $149.93$246.64$438.34 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleCRLLHTMO
P/E now vs peer median -68.2xmedian 35.0x 28.9xmedian 25.3x 35.8xmedian 28.4x
P/S now vs peer median 4.0xmedian 2.5x 2.0xmedian 1.5x 5.3xmedian 3.0x
EV/EBITDA now vs peer median 47.9xmedian 28.8x 15.5xmedian 14.6x 24.9xmedian 18.0x
P/FCF now vs peer median 43.6xmedian 20.5x 22.4xmedian 21.6x 33.2xmedian 25.0x
P/B now vs peer median 5.7xmedian 2.7x 3.3xmedian 3.1x 4.6xmedian 2.3x
PEG now vs peer median 1.88median 1.94 1.68median 0.83 4.73median 0.93

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsCRLLHTMO
Revenue $4.00B $14.59B $47.35B
Gross profit $1.31B $4.23B $19.45B
Operating income $90.14M $1.50B $8.47B
Net income -$239.23M $1.00B $7.09B
Free cash flow $370.61M $1.29B $7.60B
R&D – – $1.40B
EPS (diluted) $-4.97 $12.24 $19.06
Cash & equivalents $192.03M $261.80M $5.46B
Total debt $2.62B $5.85B $41.37B
Shares (diluted) 48.02M 82.00M 371.00M
Enterprise value $15.07B $28.04B $238.68B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricCRLLHTMO
P/E -68.2x 28.9x 35.8x
P/FCF 43.6x 22.4x 33.2x
P/Operating cash flow 27.7x 15.9x 27.1x
P/S 4.0x 2.0x 5.3x
P/B 5.7x 3.3x 4.6x
P/Tangible book 6.2x 5.6x 6.9x
EV/EBITDA 47.9x 15.5x 24.9x
EV/EBIT 206.1x 22.9x 34.0x
EV/Revenue 4.6x 2.4x 6.1x
EV/FCF 50.1x 26.7x 37.9x
EV/Operating cash flow 31.9x 18.9x 30.9x
PEG (3Y EPS CAGR) 1.88 1.68 4.73

Growth

14 metrics
MetricCRLLHTMO
Revenue growth (1Y) -0.7% 6.0% 8.3%
Revenue CAGR (3Y) -1.5% 6.6% 2.9%
Gross profit growth (1Y) -0.1% 8.0% 7.8%
Gross profit CAGR (3Y) -5.5% 8.2% 4.0%
Operating income growth (1Y) -27.6% 12.6% 12.8%
Operating income CAGR (3Y) -48.2% 19.7% 7.2%
Net income growth (1Y) -268.7% 17.4% 7.9%
Net income CAGR (3Y) -35.5% 14.9% 6.2%
EPS growth (1Y) -253.8% 19.8% 9.7%
EPS CAGR (3Y) -36.2% 17.2% 7.6%
Operating cash flow growth (1Y) -26.1% 0.6% 21.9%
Operating cash flow CAGR (3Y) -2.3% 9.0% 4.5%
Free cash flow growth (1Y) -35.9% -6.8% 24.3%
Free cash flow CAGR (3Y) 8.6% 8.2% 5.1%

Profitability

14 metrics
MetricCRLLHTMO
Gross margin 32.7% 29.0% 41.1%
EBITDA margin 9.7% 15.1% 24.4%
Operating margin 2.3% 10.3% 17.9%
Pretax margin -4.6% 8.4% 16.7%
Net margin -6.0% 6.9% 14.9%
FCF margin 9.3% 8.8% 16.0%
Operating cash flow margin 14.6% 12.4% 19.7%
Return on equity -8.2% 11.5% 13.2%
Return on assets -3.1% 5.4% 6.2%
Return on invested capital 1.6% 8.5% 8.0%
Return on capital employed 1.4% 9.4% 8.5%
Asset turnover 0.5x 0.8x 0.4x
Cash conversion (OCF / net income) -2.4x 1.8x 1.3x
Stock comp / revenue 2.1% 0.9% 0.7%

Financial Health

11 metrics
MetricCRLLHTMO
Debt / assets 34.8% 30.9% 36.2%
Debt / equity 0.9x 0.7x 0.8x
Net debt / EBITDA 6.3x 2.5x 3.1x
Debt / FCF 7.1x 4.5x 5.4x
Liabilities / assets 62.2% 53.2% 52.1%
Equity / assets 37.8% 46.8% 47.9%
Interest coverage 0.8x 6.5x 5.5x
Current ratio 1.3x 1.4x 1.8x
Quick ratio 0.8x 1.0x 1.2x
Cash ratio 0.2x 0.1x 0.4x
Altman Z-score 2.96 3.48 4.11

Shareholder Returns

7 metrics
MetricCRLLHTMO
Dividend yield – 0.8% 0.3%
Net buyback yield 2.0% 2.1% 1.6%
Shareholder yield 2.0% 2.9% 1.9%
Payout ratio (earnings) – – 9.5%
Payout ratio (FCF) – – 8.9%
Dividend growth (1Y) – – 8.0%
Dividend CAGR (3Y) – – 10.1%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusCRLLHTMO
Forward P/E 32.3xFY2026 20.7xFY2026 27.0xFY2026
EPS, next fiscal year $10.90FY2026 $17.07FY2026 $25.91FY2026
EPS growth, next FY +6.0%FY2026 +3.8%FY2026 +13.3%FY2026
EPS growth, the year after +20.5% +9.3% +2.0%
Revenue, next fiscal year $3.82BFY2026 $14.31BFY2026 $50.12BFY2026
Revenue growth, next FY -4.9%FY2026 +2.6%FY2026 +12.5%FY2026
Revenue growth, the year after +0.7% +11.9% -2.8%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCRLLHTMO
Held by institutions 100.0% 97.0% 90.2%
Institutions holding 571 1,053 2,625
Change in shares held, QoQ -0.7% +1.6% +0.8%
Institutions buying 271 466 1,144
Institutions selling 204 393 1,145
Buyers to sellers 1.33 1.19 1.00

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

CRLLHTMO
CRL 1.00 0.40 0.66
LH 0.40 1.00 0.45
TMO 0.66 0.45 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CRL, LH and TMO?

Thermo Fisher Scientific (TMO) is the largest by market capitalisation: Charles River Laboratories International (CRL) $15.87B, Labcorp Holdings (LH) $29.96B, Thermo Fisher Scientific (TMO) $262.16B.

Which stock is cheaper, CRL, LH and TMO?

Labcorp Holdings (LH) trades on the lowest price-to-earnings ratio (Charles River Laboratories International (CRL) -66.6x, Labcorp Holdings (LH) 29.8x, Thermo Fisher Scientific (TMO) 37.1x). On next year's consensus earnings, Labcorp Holdings (LH) is cheapest (Charles River Laboratories International (CRL) 32.3x, Labcorp Holdings (LH) 20.7x, Thermo Fisher Scientific (TMO) 27.0x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Thermo Fisher Scientific (TMO) grew revenue fastest over the trailing twelve months: Charles River Laboratories International (CRL) -0.7%, Labcorp Holdings (LH) +6.0%, Thermo Fisher Scientific (TMO) +8.3%.

Which company is more profitable?

Thermo Fisher Scientific (TMO) has the highest net margin (Charles River Laboratories International (CRL) -6.0%, Labcorp Holdings (LH) 6.9%, Thermo Fisher Scientific (TMO) 14.9%). On return on invested capital, Labcorp Holdings (LH) leads (Charles River Laboratories International (CRL) 1.6%, Labcorp Holdings (LH) 8.5%, Thermo Fisher Scientific (TMO) 8.0%).

Which stock has performed better?

Over the past year Charles River Laboratories International (CRL) returned the most: Charles River Laboratories International (CRL) +88.0%, Labcorp Holdings (LH) +40.0%, Thermo Fisher Scientific (TMO) +20.3%. Over five years, Labcorp Holdings (LH) compounded fastest (Charles River Laboratories International (CRL) -2.7%/yr, Labcorp Holdings (LH) +7.6%/yr, Thermo Fisher Scientific (TMO) +1.2%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Charles River Laboratories International (CRL) 0.00%, Labcorp Holdings (LH) 0.00%, Thermo Fisher Scientific (TMO) 0.00%. Charles River Laboratories International (CRL) and Labcorp Holdings (LH) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Labcorp Holdings (LH) has been the steadiest (Charles River Laboratories International (CRL) 46.4%, Labcorp Holdings (LH) 24.4%, Thermo Fisher Scientific (TMO) 30.0%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, CRL, LH and TMO?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Labcorp Holdings (LH) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.