NAII vs TMO vs IFF Stock Comparison

Natural Alternatives International, Thermo Fisher Scientific and International Flavors & Fragrances Prices as of Oct 23, 2026 Peers: Industry group

Head to Head

12 decided of 12

Thermo Fisher Scientific leads on 7 of the 12 questions below (Thermo Fisher Scientific 7, International Flavors & Fragrances 3, Natural Alternatives International 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionNAIITMOIFFLeader
Larger companyMarket capitalisation $6.99M $254.18B $23.88B TMO
Cheaper on earningsLower P/E, profitable companies only -0.3x 36.5x 34.3x IFF
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 26.1x 29.0x TMO
Faster revenue growthRevenue growth, trailing twelve months +9.7% +7.2% -4.6% NAII
More profitableNet margin, trailing twelve months -14.5% 15.0% 7.0% TMO
Better return on capitalReturn on invested capital -24.9% 7.9% 3.0% TMO
Less leveragedLower net debt / EBITDA -0.8x 3.5x 3.0x NAII
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.02% IFF
Better 1-year returnPrice return, last 12 months -56.1% +17.8% +43.1% IFF
Better 5-year returnAnnualised price return, 5 years -38.5%/yr +1.9%/yr -8.3%/yr TMO
Less volatileAnnualised volatility, 1 year 67.8% 29.8% 35.0% TMO
Higher overall scoreMean of the five percentile scores vs peers 32/100 59/100 50/100 TMO

Percentile Scorecard

NAIITMOIFF

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

AxisNAIITMOIFF
Valuation 30 #8 of 11 60 #93 of 228 43 #54 of 94
Growth 0 #11 of 11 35 #144 of 222 80 #19 of 92
Profitability 40 #7 of 11 83 #37 of 210 57 #39 of 89
Financial Health 58 #6 of 13 28 #174 of 241 44 #55 of 97
Shareholder Returns – 88 #18 of 138 26 #52 of 70
Overall 32 59 50
  • NAII ranked among 13 companies in Pharma Services
  • TMO ranked among 248 companies in Medical Devices and Diagnostics
  • IFF ranked among 99 companies in Chemicals

Price Performance

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

Returns

PeriodNAIITMOIFFSPY
1 month -36.2%+1.2%+9.8% -1.0%
3 months -49.8%+18.6%+23.9% +2.9%
6 months -56.0%+43.5%+32.3% +6.4%
Year to date -67.0%+16.3%+39.7% +11.4%
1 year -56.1%+17.8%+43.1% +13.1%
3 years -80.1%+47.1%+42.4% +79.4%
3 years, per year -41.6%+13.7%+12.5% +21.5%
5 years -91.2%+10.1%-35.2% +67.7%
5 years, per year -38.5%+1.9%-8.3% +10.9%
10 years -91.3%+347.3%-27.5% +255.2%
10 years, per year -21.6%+16.2%-3.2% +13.5%

Risk

MeasureNAIITMOIFFSPY
Volatility, 1Y 67.8%29.8%35.0% 12.7%
Downside volatility, 1Y 77.3%28.3%28.7% 12.7%
Beta vs S&P 500, 1Y 0.890.590.67 1.00
Return / volatility, 1Y -0.830.601.23 1.03
Max drawdown, 5Y -92.3%-41.5%-61.1% -25.4%
From 52-week high -75.6%-3.3%0.0% -2.5%
52-week high $4.83$696.55$94.13 $779.14
52-week low $1.12$438.34$61.49 $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.

MultipleNAIITMOIFF
P/E now vs peer median -0.3xmedian 36.1x 35.9xmedian 30.7x 34.5xmedian 21.5x
P/S now vs peer median 0.0xmedian 2.7x 5.4xmedian 3.0x 2.4xmedian 1.4x
EV/EBITDA now vs peer median -1.3xmedian 37.4x 25.9xmedian 17.7x 17.1xmedian 12.4x
P/FCF now vs peer median -0.6xmedian 21.1x 34.0xmedian 23.7x 44.5xmedian 15.5x
P/B now vs peer median 0.1xmedian 2.9x 4.7xmedian 2.4x 1.7xmedian 1.6x
PEG now vs peer median 0.00median 2.05 4.27median 0.96 1.07median 1.70

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 monthsNAIITMOIFF
Revenue $142.52M $46.34B $9.98B
Gross profit $9.00M $18.91B $3.74B
Operating income -$18.75M $8.15B $754.00M
Net income -$20.70M $6.99B $295.00M
Free cash flow -$12.62M $7.32B $540.00M
R&D – $1.40B $684.00M
EPS (diluted) $-3.43 $18.78 $2.71
Cash & equivalents $7.39M $4.06B $569.00M
Total debt $63.29M $42.55B $23.75B
Shares (diluted) 6.03M 371.00M 257.00M
Enterprise value -$21.09M $233.20B $21.54B

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
MetricNAIITMOIFF
P/E -0.3x 35.9x 34.5x
P/FCF -0.6x 34.0x 44.5x
P/Operating cash flow -0.8x 27.6x 20.7x
P/S 0.0x 5.4x 2.4x
P/B 0.1x 4.7x 1.7x
P/Tangible book 0.1x 7.3x 2.3x
EV/EBITDA -1.3x 25.9x 17.1x
EV/EBIT -1.0x 35.3x 38.7x
EV/Revenue 0.1x 6.2x 2.9x
EV/FCF -1.5x 39.3x 54.0x
EV/Operating cash flow -2.1x 31.9x 25.1x
PEG (3Y EPS CAGR) 0.00 4.27 1.07

Growth

14 metrics
MetricNAIITMOIFF
Revenue growth (1Y) 9.7% 7.2% -4.6%
Revenue CAGR (3Y) -2.6% 2.1% -5.6%
Gross profit growth (1Y) -3.1% 6.2% -3.8%
Gross profit CAGR (3Y) -20.9% 3.0% -0.2%
Operating income growth (1Y) -116.5% 10.0% 295.8%
Operating income CAGR (3Y) -81.5% 6.7% 35.2%
Net income growth (1Y) -52.4% 6.2% 170.2%
Net income CAGR (3Y) -116.9% 6.9% 28.8%
EPS growth (1Y) -50.4% 7.8% 900.0%
EPS CAGR (3Y) -115.5% 8.4% 32.3%
Operating cash flow growth (1Y) -250.3% 18.9% 5.4%
Operating cash flow CAGR (3Y) -48.4% 5.4% 12.2%
Free cash flow growth (1Y) -644.3% 18.6% -4.4%
Free cash flow CAGR (3Y) -24.7% 7.7% 26.8%

Profitability

14 metrics
MetricNAIITMOIFF
Gross margin 6.3% 40.8% 37.5%
EBITDA margin -9.9% 23.9% 17.1%
Operating margin -13.2% 17.6% 7.6%
Pretax margin -14.2% 16.5% 3.5%
Net margin -14.5% 15.0% 7.0%
FCF margin -8.9% 15.8% 5.4%
Operating cash flow margin -6.3% 19.5% 11.6%
Return on equity -36.6% 13.4% 2.1%
Return on assets -14.7% 6.2% 1.2%
Return on invested capital -24.9% 7.9% 3.0%
Return on capital employed -18.2% 8.3% 3.6%
Asset turnover 1.0x 0.4x 0.4x
Cash conversion (OCF / net income) 0.4x 1.3x 3.9x
Stock comp / revenue 0.5% 0.7% 0.9%

Financial Health

11 metrics
MetricNAIITMOIFF
Debt / assets 14.8% 37.6% 22.7%
Debt / equity 0.4x 0.8x 0.4x
Net debt / EBITDA -0.8x 3.5x 3.0x
Debt / FCF -1.5x 5.8x 10.6x
Liabilities / assets 60.5% 53.4% 44.3%
Equity / assets 39.5% 46.6% 55.7%
Interest coverage – 5.6x 4.0x
Current ratio 1.7x 1.6x 2.1x
Quick ratio 0.5x 1.0x 0.5x
Cash ratio 0.2x 0.3x 0.1x
Altman Z-score 1.38 3.98 1.82

Shareholder Returns

7 metrics
MetricNAIITMOIFF
Dividend yield – 0.3% 1.7%
Net buyback yield 1.3% 2.0% 0.3%
Shareholder yield 1.3% 2.3% 2.0%
Payout ratio (earnings) – 9.5% 138.6%
Payout ratio (FCF) – 9.0% 75.7%
Dividend growth (1Y) – 8.5% 0.0%
Dividend CAGR (3Y) – 10.8% -20.7%

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.

ConsensusNAIITMOIFF
Forward P/E – 26.1xFY2026 29.0xFY2026
EPS, next fiscal year – $25.77FY2026 $3.25FY2026
EPS growth, next FY – +12.7%FY2026 -22.6%FY2026
EPS growth, the year after – +1.8% +22.5%
Revenue, next fiscal year – $49.99BFY2026 $8.11BFY2026
Revenue growth, next FY – +12.2%FY2026 -25.6%FY2026
Revenue growth, the year after – -2.9% -8.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersNAIITMOIFF
Held by institutions 10.5% 90.2% 100.0%
Institutions holding 24 2,621 753
Change in shares held, QoQ +6.0% +0.8% +6.0%
Institutions buying 8 1,141 410
Institutions selling 7 1,144 226
Buyers to sellers 1.14 1.00 1.81

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.

NAIITMOIFF
NAII 1.00 0.07 0.13
TMO 0.07 1.00 0.18
IFF 0.13 0.18 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, NAII, TMO and IFF?

Thermo Fisher Scientific (TMO) is the largest by market capitalisation: Natural Alternatives International (NAII) $6.99M, Thermo Fisher Scientific (TMO) $254.18B, International Flavors & Fragrances (IFF) $23.88B.

Which stock is cheaper, NAII, TMO and IFF?

International Flavors & Fragrances (IFF) trades on the lowest price-to-earnings ratio (Natural Alternatives International (NAII) -0.3x, Thermo Fisher Scientific (TMO) 36.5x, International Flavors & Fragrances (IFF) 34.3x). On next year's consensus earnings, Thermo Fisher Scientific (TMO) is cheapest (Thermo Fisher Scientific (TMO) 26.1x, International Flavors & Fragrances (IFF) 29.0x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Natural Alternatives International (NAII) grew revenue fastest over the trailing twelve months: Natural Alternatives International (NAII) +9.7%, Thermo Fisher Scientific (TMO) +7.2%, International Flavors & Fragrances (IFF) -4.6%.

Which company is more profitable?

Thermo Fisher Scientific (TMO) has the highest net margin (Natural Alternatives International (NAII) -14.5%, Thermo Fisher Scientific (TMO) 15.0%, International Flavors & Fragrances (IFF) 7.0%). On return on invested capital, Thermo Fisher Scientific (TMO) leads (Natural Alternatives International (NAII) -24.9%, Thermo Fisher Scientific (TMO) 7.9%, International Flavors & Fragrances (IFF) 3.0%).

Which stock has performed better?

Over the past year International Flavors & Fragrances (IFF) returned the most: Natural Alternatives International (NAII) -56.1%, Thermo Fisher Scientific (TMO) +17.8%, International Flavors & Fragrances (IFF) +43.1%. Over five years, Thermo Fisher Scientific (TMO) compounded fastest (Natural Alternatives International (NAII) -38.5%/yr, Thermo Fisher Scientific (TMO) +1.9%/yr, International Flavors & Fragrances (IFF) -8.3%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

International Flavors & Fragrances (IFF) has the highest dividend yield: Natural Alternatives International (NAII) 0.00%, Thermo Fisher Scientific (TMO) 0.00%, International Flavors & Fragrances (IFF) 0.02%. Natural Alternatives International (NAII) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Thermo Fisher Scientific (TMO) has been the steadiest (Natural Alternatives International (NAII) 67.8%, Thermo Fisher Scientific (TMO) 29.8%, International Flavors & Fragrances (IFF) 35.0%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, NAII, TMO and IFF?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Thermo Fisher Scientific (TMO) 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.