QGEN vs TMO Stock Comparison

Qiagen and Thermo Fisher Scientific Prices as of Oct 23, 2026 Peers: Industry group
QGEN Qiagen N.V.
$50.38 +15.3% 1M -3.0% 1Y
Market cap
$10.94B
P/E
26.7x
Revenue (TTM)
$2.10B
Div. yield
–
Life Sciences Tools Healthcare
6 wins

Head to Head

11 decided of 12

Qiagen leads on 6 of the 12 questions below (Qiagen 6, Thermo Fisher Scientific 5). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionQGENTMOLeader
Larger companyMarket capitalisation $10.94B $254.18B TMO
Cheaper on earningsLower P/E, profitable companies only 26.7x 36.5x QGEN
Cheaper on forward earningsLower price / next fiscal year consensus EPS 21.4x 26.1x QGEN
Faster revenue growthRevenue growth, trailing twelve months +3.0% +7.2% TMO
More profitableNet margin, trailing twelve months 19.5% 15.0% QGEN
Better return on capitalReturn on invested capital 7.9% 7.9% QGEN
Less leveragedLower net debt / EBITDA 1.3x 3.5x QGEN
Higher dividend yieldTrailing dividend yield 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -3.0% +17.8% TMO
Better 5-year returnAnnualised price return, 5 years -3.5%/yr +1.9%/yr TMO
Less volatileAnnualised volatility, 1 year 35.8% 29.8% TMO
Higher overall scoreMean of the five percentile scores vs peers 71/100 59/100 QGEN

Percentile Scorecard

QGENTMO

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

AxisQGENTMO
Valuation 76 #56 of 228 60 #93 of 228
Growth 29 #158 of 222 35 #144 of 222
Profitability 93 #16 of 210 83 #37 of 210
Financial Health 63 #90 of 241 28 #174 of 241
Shareholder Returns 93 #10 of 138 88 #18 of 138
Overall 71 59
  • QGEN ranked among 248 companies in Medical Devices and Diagnostics
  • TMO ranked among 248 companies in Medical Devices and Diagnostics

Price Performance

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

Returns

PeriodQGENTMOSPY
1 month +15.3%+1.2% -1.0%
3 months +21.7%+18.6% +2.9%
6 months +31.2%+43.5% +6.4%
Year to date +6.4%+16.3% +11.4%
1 year -3.0%+17.8% +13.1%
3 years +20.7%+47.1% +79.4%
3 years, per year +6.5%+13.7% +21.5%
5 years -16.4%+10.1% +67.7%
5 years, per year -3.5%+1.9% +10.9%
10 years +68.5%+347.3% +255.2%
10 years, per year +5.4%+16.2% +13.5%

Risk

MeasureQGENTMOSPY
Volatility, 1Y 35.8%29.8% 12.7%
Downside volatility, 1Y 30.5%28.3% 12.7%
Beta vs S&P 500, 1Y 0.450.59 1.00
Return / volatility, 1Y -0.080.60 1.03
Max drawdown, 5Y -48.2%-41.5% -25.4%
From 52-week high -9.5%-3.3% -2.5%
52-week high $55.66$696.55 $779.14
52-week low $32.63$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.

MultipleQGENTMO
P/E now vs peer median 26.7xmedian 30.7x 35.9xmedian 30.7x
P/S now vs peer median 5.2xmedian 3.0x 5.4xmedian 3.0x
EV/EBITDA now vs peer median 18.1xmedian 17.7x 25.9xmedian 17.7x
P/FCF now vs peer median 11.0xmedian 23.7x 34.0xmedian 23.7x
P/B now vs peer median 3.3xmedian 2.4x 4.7xmedian 2.4x
PEG now vs peer median 3.62median 0.96 4.27median 0.96

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 monthsQGENTMO
Revenue $2.10B $46.34B
Gross profit $1.31B $18.91B
Operating income $445.43M $8.15B
Net income $409.32M $6.99B
Free cash flow $991.33M $7.32B
R&D $194.67M $1.40B
EPS (diluted) $1.87 $18.78
Cash & equivalents $768.50M $4.06B
Total debt $6.86B $42.55B
Shares (diluted) 218.88M 371.00M
Enterprise value $6.71B $233.20B

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
MetricQGENTMO
P/E 26.7x 35.9x
P/FCF 11.0x 34.0x
P/Operating cash flow 16.7x 27.6x
P/S 5.2x 5.4x
P/B 3.3x 4.7x
P/Tangible book 3.6x 7.3x
EV/EBITDA 18.1x 25.9x
EV/EBIT 26.4x 35.3x
EV/Revenue 5.6x 6.2x
EV/FCF 11.9x 39.3x
EV/Operating cash flow 18.0x 31.9x
PEG (3Y EPS CAGR) 3.62 4.27

Growth

14 metrics
MetricQGENTMO
Revenue growth (1Y) 3.0% 7.2%
Revenue CAGR (3Y) 2.0% 2.1%
Gross profit growth (1Y) 1.7% 6.2%
Gross profit CAGR (3Y) 1.3% 3.0%
Operating income growth (1Y) -4.9% 10.0%
Operating income CAGR (3Y) 3.3% 6.7%
Net income growth (1Y) 143.9% 6.2%
Net income CAGR (3Y) 6.7% 6.9%
EPS growth (1Y) 12.5% 7.8%
EPS CAGR (3Y) 7.4% 8.4%
Operating cash flow growth (1Y) -3.0% 18.9%
Operating cash flow CAGR (3Y) 8.0% 5.4%
Free cash flow growth (1Y) 2.3% 18.6%
Free cash flow CAGR (3Y) 10.5% 7.7%

Profitability

14 metrics
MetricQGENTMO
Gross margin 62.2% 40.8%
EBITDA margin 31.0% 23.9%
Operating margin 21.2% 17.6%
Pretax margin 22.0% 16.5%
Net margin 19.5% 15.0%
FCF margin 47.2% 15.8%
Operating cash flow margin 31.2% 19.5%
Return on equity 12.2% 13.4%
Return on assets 7.0% 6.2%
Return on invested capital 7.9% 7.9%
Return on capital employed 8.5% 8.3%
Asset turnover 0.4x 0.4x
Cash conversion (OCF / net income) 1.6x 1.3x
Stock comp / revenue 2.1% 0.7%

Financial Health

11 metrics
MetricQGENTMO
Debt / assets 27.9% 37.6%
Debt / equity 0.5x 0.8x
Net debt / EBITDA 1.3x 3.5x
Debt / FCF 1.7x 5.8x
Liabilities / assets 43.0% 53.4%
Equity / assets 57.0% 46.6%
Interest coverage 11.3x 5.6x
Current ratio 2.8x 1.6x
Quick ratio 2.0x 1.0x
Cash ratio 1.4x 0.3x
Altman Z-score 4.08 3.98

Shareholder Returns

7 metrics
MetricQGENTMO
Dividend yield 5.2% 0.3%
Net buyback yield 0.6% 2.0%
Shareholder yield 5.8% 2.3%
Payout ratio (earnings) – 9.5%
Payout ratio (FCF) – 9.0%
Dividend growth (1Y) – 8.5%
Dividend CAGR (3Y) – 10.8%

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.

ConsensusQGENTMO
Forward P/E 21.4xFY2026 26.1xFY2026
EPS, next fiscal year $2.35FY2026 $25.77FY2026
EPS growth, next FY -1.3%FY2026 +12.7%FY2026
EPS growth, the year after +17.9% +1.8%
Revenue, next fiscal year $2.25BFY2026 $49.99BFY2026
Revenue growth, next FY +7.8%FY2026 +12.2%FY2026
Revenue growth, the year after -2.8% -2.9%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersQGENTMO
Held by institutions 67.3% 90.2%
Institutions holding 337 2,621
Change in shares held, QoQ +16.5% +0.8%
Institutions buying 215 1,141
Institutions selling 86 1,144
Buyers to sellers 2.50 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.

QGENTMO
QGEN 1.00 0.45
TMO 0.45 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, QGEN and TMO?

Thermo Fisher Scientific (TMO) is the largest by market capitalisation: Qiagen (QGEN) $10.94B, Thermo Fisher Scientific (TMO) $254.18B.

Which stock is cheaper, QGEN and TMO?

Qiagen (QGEN) trades on the lowest price-to-earnings ratio (Qiagen (QGEN) 26.7x, Thermo Fisher Scientific (TMO) 36.5x). On next year's consensus earnings, Qiagen (QGEN) is cheapest (Qiagen (QGEN) 21.4x, Thermo Fisher Scientific (TMO) 26.1x). 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: Qiagen (QGEN) +3.0%, Thermo Fisher Scientific (TMO) +7.2%.

Which company is more profitable?

Qiagen (QGEN) has the highest net margin (Qiagen (QGEN) 19.5%, Thermo Fisher Scientific (TMO) 15.0%). On return on invested capital, Qiagen (QGEN) leads (Qiagen (QGEN) 7.9%, Thermo Fisher Scientific (TMO) 7.9%).

Which stock has performed better?

Over the past year Thermo Fisher Scientific (TMO) returned the most: Qiagen (QGEN) -3.0%, Thermo Fisher Scientific (TMO) +17.8%. Over five years, Thermo Fisher Scientific (TMO) compounded fastest (Qiagen (QGEN) -3.5%/yr, Thermo Fisher Scientific (TMO) +1.9%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Qiagen (QGEN) 0.00%, Thermo Fisher Scientific (TMO) 0.00%. Qiagen (QGEN) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Thermo Fisher Scientific (TMO) has been the steadiest (Qiagen (QGEN) 35.8%, Thermo Fisher Scientific (TMO) 29.8%). Volatility measures how widely the price swings, not the risk of the business.

Do QGEN and TMO move together?

Their daily returns over the past year have a correlation of 0.45, a moderate positive relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, QGEN 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, Qiagen (QGEN) 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.