CRL vs TMO vs LH Stock Comparison

Charles River Laboratories International, Thermo Fisher Scientific and Labcorp Holdings 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
$28.77B
P/E
28.9x
Revenue (TTM)
$14.59B
Div. yield
0.81%
Diagnostic Labs Healthcare
7 wins

Head to Head

12 decided of 12

Labcorp Holdings leads on 7 of the 12 questions below (Labcorp Holdings 7, 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.

QuestionCRLTMOLHLeader
Larger companyMarket capitalisation $16.15B $252.45B $28.77B TMO
Cheaper on earningsLower P/E, profitable companies only -68.2x 35.8x 28.9x LH
Cheaper on forward earningsLower price / next fiscal year consensus EPS 31.1x 26.4x 20.8x LH
Faster revenue growthRevenue growth, trailing twelve months -0.7% +8.3% +6.0% TMO
More profitableNet margin, trailing twelve months -6.0% 14.9% 6.9% TMO
Better return on capitalReturn on invested capital 1.6% 8.0% 8.5% LH
Less leveragedLower net debt / EBITDA 6.3x 3.1x 2.5x LH
Higher dividend yieldTrailing dividend yield — 0.27% 0.81% LH
Better 1-year returnPrice return, last 12 months +88.0% +20.3% +40.0% CRL
Better 5-year returnAnnualised price return, 5 years -2.7%/yr +1.2%/yr +7.6%/yr LH
Less volatileAnnualised volatility, 1 year 46.4% 30.0% 24.4% LH
Higher overall scoreMean of the five percentile scores vs peers 45/100 59/100 57/100 TMO

Percentile Scorecard

CRLTMOLH

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

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

Price Performance

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

Returns

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

Risk

MeasureCRLTMOLHSPY
Volatility, 1Y 46.4%30.0%24.4% 12.8%
Downside volatility, 1Y 43.9%28.6%21.8% 12.8%
Beta vs S&P 500, 1Y 1.330.630.39 1.00
Return / volatility, 1Y 1.890.681.64 0.80
Max drawdown, 5Y -74.7%-41.5%-35.0% -25.4%
From 52-week high -9.9%-3.7%-3.4% -3.5%
52-week high $375.83$709.29$368.15 $779.14
52-week low $149.93$438.34$246.64 $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.

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

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 monthsCRLTMOLH
Revenue $4.00B $47.35B $14.59B
Gross profit $1.31B $19.45B $4.23B
Operating income $90.14M $8.47B $1.50B
Net income -$239.23M $7.09B $1.00B
Free cash flow $370.61M $7.60B $1.29B
R&D – $1.40B –
EPS (diluted) $-4.97 $19.06 $12.24
Cash & equivalents $192.03M $5.46B $261.80M
Total debt $2.62B $41.37B $5.85B
Shares (diluted) 48.02M 371.00M 82.00M
Enterprise value $15.39B $229.09B $26.87B

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

Growth

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

Profitability

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

Financial Health

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

Shareholder Returns

7 metrics
MetricCRLTMOLH
Dividend yield – 0.3% 0.8%
Net buyback yield 2.0% 1.6% 2.1%
Shareholder yield 2.0% 1.9% 2.9%
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.

ConsensusCRLTMOLH
Forward P/E 31.1xFY2026 26.4xFY2026 20.8xFY2026
EPS, next fiscal year $10.90FY2026 $25.91FY2026 $17.07FY2026
EPS growth, next FY +6.0%FY2026 +13.3%FY2026 +3.8%FY2026
EPS growth, the year after +20.5% +2.0% +9.3%
Revenue, next fiscal year $3.82BFY2026 $50.12BFY2026 $14.31BFY2026
Revenue growth, next FY -4.9%FY2026 +12.5%FY2026 +2.6%FY2026
Revenue growth, the year after +0.7% -2.8% +11.9%

Institutional Ownership

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

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.

CRLTMOLH
CRL 1.00 0.65 0.40
TMO 0.65 1.00 0.45
LH 0.40 0.45 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CRL, TMO and LH?

Thermo Fisher Scientific (TMO) is the largest by market capitalisation: Charles River Laboratories International (CRL) $16.15B, Thermo Fisher Scientific (TMO) $252.45B, Labcorp Holdings (LH) $28.77B.

Which stock is cheaper, CRL, TMO and LH?

Labcorp Holdings (LH) trades on the lowest price-to-earnings ratio (Charles River Laboratories International (CRL) -68.2x, Thermo Fisher Scientific (TMO) 35.8x, Labcorp Holdings (LH) 28.9x). On next year's consensus earnings, Labcorp Holdings (LH) is cheapest (Charles River Laboratories International (CRL) 31.1x, Thermo Fisher Scientific (TMO) 26.4x, Labcorp Holdings (LH) 20.8x). 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%, Thermo Fisher Scientific (TMO) +8.3%, Labcorp Holdings (LH) +6.0%.

Which company is more profitable?

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

Which stock has performed better?

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

Which pays a higher dividend?

Labcorp Holdings (LH) has the highest dividend yield: Thermo Fisher Scientific (TMO) 0.27%, Labcorp Holdings (LH) 0.81%. Charles River Laboratories International (CRL) 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%, Thermo Fisher Scientific (TMO) 30.0%, Labcorp Holdings (LH) 24.4%). Volatility measures how widely the price swings, not the risk of the business.

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

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 7. 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.