QGEN vs BIO vs DHR Stock Comparison

Qiagen, Bio-Rad Laboratories and Danaher Prices as of Nov 5, 2026 Peers: Industry group
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QGEN Qiagen N.V.
$50.86 +11.4% 1M +9.7% 1Y
Market cap
$10.95B
P/E
26.7x
Revenue (TTM)
$2.10B
Div. yield
–
Life Sciences Tools Healthcare
5 wins
DHR Danaher Corp /De/
$226.38 +5.0% 1M +6.7% 1Y
Market cap
$161.86B
P/E
37.4x
Revenue (TTM)
$25.61B
Div. yield
–
Life Sciences Tools Healthcare
3 wins

Head to Head

11 decided of 12

Qiagen leads on 5 of the 12 questions below (Qiagen 5, Danaher 3, Bio-Rad Laboratories 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionQGENBIODHRLeader
Larger companyMarket capitalisation $10.95B $10.26B $161.86B DHR
Cheaper on earningsLower P/E, profitable companies only 26.7x 10.0x 37.4x BIO
Cheaper on forward earningsLower price / next fiscal year consensus EPS 21.6x 37.0x 24.8x QGEN
Faster revenue growthRevenue growth, trailing twelve months +3.0% +1.4% +5.5% DHR
More profitableNet margin, trailing twelve months 19.5% 39.5% 16.9% BIO
Better return on capitalReturn on invested capital 7.9% -0.6% 5.8% QGEN
Less leveragedLower net debt / EBITDA 1.3x — 2.6x QGEN
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +9.7% +18.8% +6.7% BIO
Better 5-year returnAnnualised price return, 5 years -3.4%/yr -12.7%/yr -5.0%/yr QGEN
Less volatileAnnualised volatility, 1 year 35.4% 36.5% 31.0% DHR
Higher overall scoreMean of the five percentile scores vs peers 71/100 70/100 60/100 QGEN

Percentile Scorecard

QGENBIODHR

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

AxisQGENBIODHR
Valuation 75 #59 of 229 86 #34 of 229 71 #68 of 229
Growth 27 #161 of 221 47 #118 of 221 24 #169 of 221
Profitability 93 #16 of 210 69 #65 of 210 86 #31 of 210
Financial Health 64 #88 of 240 67 #80 of 240 48 #126 of 240
Shareholder Returns 95 #9 of 147 80 #30 of 147 73 #41 of 147
Overall 71 70 60
  • QGEN ranked among 247 companies in Medical Devices and Diagnostics
  • BIO ranked among 247 companies in Medical Devices and Diagnostics
  • DHR 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

PeriodQGENBIODHRSPY
1 month +11.4%-0.2%+5.0% -5.9%
3 months +21.9%+7.5%+13.2% -4.6%
6 months +51.8%+43.1%+28.9% +0.2%
Year to date +7.4%+21.5%-1.1% +7.5%
1 year +9.7%+18.8%+6.7% +8.2%
3 years +17.0%+27.5%+15.8% +68.3%
3 years, per year +5.4%+8.4%+5.0% +19.0%
5 years -16.0%-49.2%-22.5% +56.5%
5 years, per year -3.4%-12.7%-5.0% +9.4%
10 years +65.0%+123.5%+194.2% +251.5%
10 years, per year +5.1%+8.4%+11.4% +13.4%

Risk

MeasureQGENBIODHRSPY
Volatility, 1Y 35.4%36.5%31.0% 13.6%
Downside volatility, 1Y 30.2%35.5%32.4% 14.2%
Beta vs S&P 500, 1Y 0.380.760.53 1.00
Return / volatility, 1Y 0.270.510.22 0.60
Max drawdown, 5Y -48.2%-72.2%-50.8% -25.4%
From 52-week high -8.6%-5.7%-6.5% -5.9%
52-week high $55.66$390.34$242.05 $779.14
52-week low $32.63$241.71$161.91 $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.

MultipleQGENBIODHR
P/E now vs peer median 27.0xmedian 26.9x 9.6xmedian 26.9x 36.8xmedian 26.9x
P/S now vs peer median 5.3xmedian 2.9x 3.8xmedian 2.9x 6.2xmedian 2.9x
EV/EBITDA now vs peer median 18.3xmedian 17.5x —median 17.5x 22.9xmedian 17.5x
P/FCF now vs peer median 11.1xmedian 26.4x 30.1xmedian 26.4x 27.8xmedian 26.4x
P/B now vs peer median 3.3xmedian 2.3x 1.3xmedian 2.3x 3.0xmedian 2.3x
PEG now vs peer median 6.61median 0.88 0.09median 0.88 -4.59median 0.88

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 monthsQGENBIODHR
Revenue $2.10B $2.59B $25.61B
Gross profit $1.31B $1.33B $15.01B
Operating income $445.43M -$61.90M $5.22B
Net income $409.32M $1.02B $4.33B
Free cash flow $991.33M $329.10M $5.73B
R&D $194.67M $265.80M $1.67B
EPS (diluted) $1.87 $37.96 $6.13
Cash & equivalents $768.50M $465.30M $5.68B
Total debt $1.64B $1.20B $26.48B
Shares (diluted) 218.88M 26.95M 706.80M
Enterprise value $6.72B $3.87B $141.52B

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
MetricQGENBIODHR
P/E 27.0x 9.6x 36.8x
P/FCF 11.1x 30.1x 27.8x
P/Operating cash flow 16.9x 21.2x 23.2x
P/S 5.3x 3.8x 6.2x
P/B 3.3x 1.3x 3.0x
P/Tangible book 3.7x 1.3x 4.9x
EV/EBITDA 18.3x – 22.9x
EV/EBIT 26.7x -152.6x 34.5x
EV/Revenue 5.7x 3.6x 7.0x
EV/FCF 12.0x 28.7x 31.4x
EV/Operating cash flow 18.2x 20.2x 26.2x
PEG (3Y EPS CAGR) 6.61 0.09 -4.59

Growth

14 metrics
MetricQGENBIODHR
Revenue growth (1Y) 3.0% 1.4% 5.5%
Revenue CAGR (3Y) 2.0% -1.6% 1.3%
Gross profit growth (1Y) 1.7% -0.6% 3.9%
Gross profit CAGR (3Y) 1.3% -3.0% 1.2%
Operating income growth (1Y) -4.9% -127.6% 13.1%
Operating income CAGR (3Y) 3.3% -29.5% -3.8%
Net income growth (1Y) 143.9% 251.3% 23.6%
Net income CAGR (3Y) 6.7% 103.5% -9.9%
EPS growth (1Y) 6.6% 251.2% 24.8%
EPS CAGR (3Y) 4.1% 107.7% -8.0%
Operating cash flow growth (1Y) -3.0% -4.8% 8.6%
Operating cash flow CAGR (3Y) 8.0% 7.8% -5.3%
Free cash flow growth (1Y) 2.3% -2.3% 14.2%
Free cash flow CAGR (3Y) 10.5% 13.6% -5.8%

Profitability

14 metrics
MetricQGENBIODHR
Gross margin 62.2% 51.3% 58.6%
EBITDA margin 31.0% – 30.7%
Operating margin 21.2% -2.4% 20.4%
Pretax margin 22.0% 50.9% 18.8%
Net margin 19.5% 39.5% 16.9%
FCF margin 47.2% 12.7% 22.4%
Operating cash flow margin 31.2% 18.1% 26.8%
Return on equity 12.2% 13.8% 8.2%
Return on assets 7.0% 9.7% 4.7%
Return on invested capital 7.9% -0.6% 5.8%
Return on capital employed 8.5% -0.6% 6.2%
Asset turnover 0.4x 0.2x 0.3x
Cash conversion (OCF / net income) 1.6x 0.5x 1.6x
Stock comp / revenue 2.1% 2.4% 1.3%

Financial Health

11 metrics
MetricQGENBIODHR
Debt / assets 27.9% 11.2% 28.4%
Debt / equity 0.5x 0.2x 0.5x
Net debt / EBITDA 1.3x – 2.6x
Debt / FCF 1.7x 3.7x 4.6x
Liabilities / assets 43.0% 29.5% 42.5%
Equity / assets 57.0% 70.5% 57.5%
Interest coverage 11.3x -1.3x 14.5x
Current ratio 2.8x 3.2x 1.6x
Quick ratio 2.0x 2.2x 1.1x
Cash ratio 1.4x 1.7x 0.6x
Altman Z-score 4.11 3.43 3.68

Shareholder Returns

7 metrics
MetricQGENBIODHR
Dividend yield 5.2% – 0.7%
Net buyback yield 0.6% 0.6% 0.6%
Shareholder yield 5.8% 0.6% 1.2%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

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.

ConsensusQGENBIODHR
Forward P/E 21.6xFY2026 37.0xFY2026 24.8xFY2026
EPS, next fiscal year $2.35FY2026 $9.95FY2026 $9.12FY2026
EPS growth, next FY -1.3%FY2026 +0.3%FY2026 +16.9%FY2026
EPS growth, the year after +17.4% -0.2% +7.9%
Revenue, next fiscal year $2.25BFY2026 $2.69BFY2026 $27.01BFY2026
Revenue growth, next FY +7.8%FY2026 +4.2%FY2026 +9.9%FY2026
Revenue growth, the year after -2.8% -6.3% -1.9%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersQGENBIODHR
Held by institutions 67.3% 89.5% 81.9%
Institutions holding 338 405 2,120
Change in shares held, QoQ +16.5% -2.9% +1.1%
Institutions buying 216 177 841
Institutions selling 86 157 1,016
Buyers to sellers 2.51 1.13 0.83

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.

QGENBIODHR
QGEN 1.00 0.41 0.38
BIO 0.41 1.00 0.52
DHR 0.38 0.52 1.00

Add a Peer

Largest companies in the same industry

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Frequently Asked Questions

Which is bigger, QGEN, BIO and DHR?

Danaher (DHR) is the largest by market capitalisation: Qiagen (QGEN) $10.95B, Bio-Rad Laboratories (BIO) $10.26B, Danaher (DHR) $161.86B.

Which stock is cheaper, QGEN, BIO and DHR?

Bio-Rad Laboratories (BIO) trades on the lowest price-to-earnings ratio (Qiagen (QGEN) 26.7x, Bio-Rad Laboratories (BIO) 10.0x, Danaher (DHR) 37.4x). On next year's consensus earnings, Qiagen (QGEN) is cheapest (Qiagen (QGEN) 21.6x, Bio-Rad Laboratories (BIO) 37.0x, Danaher (DHR) 24.8x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Danaher (DHR) grew revenue fastest over the trailing twelve months: Qiagen (QGEN) +3.0%, Bio-Rad Laboratories (BIO) +1.4%, Danaher (DHR) +5.5%.

Which company is more profitable?

Bio-Rad Laboratories (BIO) has the highest net margin (Qiagen (QGEN) 19.5%, Bio-Rad Laboratories (BIO) 39.5%, Danaher (DHR) 16.9%). On return on invested capital, Qiagen (QGEN) leads (Qiagen (QGEN) 7.9%, Bio-Rad Laboratories (BIO) -0.6%, Danaher (DHR) 5.8%).

Which stock has performed better?

Over the past year Bio-Rad Laboratories (BIO) returned the most: Qiagen (QGEN) +9.7%, Bio-Rad Laboratories (BIO) +18.8%, Danaher (DHR) +6.7%. Over five years, Qiagen (QGEN) compounded fastest (Qiagen (QGEN) -3.4%/yr, Bio-Rad Laboratories (BIO) -12.7%/yr, Danaher (DHR) -5.0%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Danaher (DHR) has been the steadiest (Qiagen (QGEN) 35.4%, Bio-Rad Laboratories (BIO) 36.5%, Danaher (DHR) 31.0%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, QGEN, BIO and DHR?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Qiagen (QGEN) leads on 5. 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.