TECH vs TMO Stock Comparison

Bio-Techne and Thermo Fisher Scientific Prices as of Oct 23, 2026 Peers: Industry group
TECH BIO-TECHNE Corp
$72.55 +0.0% 1M +9.8% 1Y
Market cap
$11.34B
P/E
62.3x
Revenue (TTM)
$1.22B
Div. yield
0.00%
Life Sciences Tools Healthcare
4 wins

Head to Head

12 decided of 12

Thermo Fisher Scientific leads on 8 of the 12 questions below (Thermo Fisher Scientific 8, Bio-Techne 4). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionTECHTMOLeader
Larger companyMarket capitalisation $11.34B $254.18B TMO
Cheaper on earningsLower P/E, profitable companies only 62.3x 36.5x TMO
Cheaper on forward earningsLower price / next fiscal year consensus EPS 33.6x 26.1x TMO
Faster revenue growthRevenue growth, trailing twelve months -0.4% +7.2% TMO
More profitableNet margin, trailing twelve months 15.0% 15.0% TMO
Better return on capitalReturn on invested capital 8.3% 7.9% TECH
Less leveragedLower net debt / EBITDA -0.2x 3.5x TECH
Higher dividend yieldTrailing dividend yield 0.00% 0.00% TECH
Better 1-year returnPrice return, last 12 months +9.8% +17.8% TMO
Better 5-year returnAnnualised price return, 5 years -10.5%/yr +1.9%/yr TMO
Less volatileAnnualised volatility, 1 year 43.6% 29.8% TMO
Higher overall scoreMean of the five percentile scores vs peers 65/100 59/100 TECH

Percentile Scorecard

TECHTMO

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

AxisTECHTMO
Valuation 57 #99 of 228 60 #93 of 228
Growth 39 #137 of 222 35 #144 of 222
Profitability 94 #14 of 210 83 #37 of 210
Financial Health 86 #34 of 241 28 #174 of 241
Shareholder Returns 49 #71 of 138 88 #18 of 138
Overall 65 59
  • TECH 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

PeriodTECHTMOSPY
1 month +0.0%+1.2% -1.0%
3 months +1.3%+18.6% +2.9%
6 months +33.9%+43.5% +6.4%
Year to date +23.4%+16.3% +11.4%
1 year +9.8%+17.8% +13.1%
3 years +14.0%+47.1% +79.4%
3 years, per year +4.5%+13.7% +21.5%
5 years -42.6%+10.1% +67.7%
5 years, per year -10.5%+1.9% +10.9%
10 years +176.5%+347.3% +255.2%
10 years, per year +10.7%+16.2% +13.5%

Risk

MeasureTECHTMOSPY
Volatility, 1Y 43.6%29.8% 12.7%
Downside volatility, 1Y 43.4%28.3% 12.7%
Beta vs S&P 500, 1Y 0.750.59 1.00
Return / volatility, 1Y 0.230.60 1.03
Max drawdown, 5Y -67.0%-41.5% -25.4%
From 52-week high -0.1%-3.3% -2.5%
52-week high $72.64$696.55 $779.14
52-week low $43.30$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.

MultipleTECHTMO
P/E now vs peer median 62.2xmedian 30.7x 35.9xmedian 30.7x
P/S now vs peer median 9.3xmedian 3.0x 5.4xmedian 3.0x
EV/EBITDA now vs peer median 32.2xmedian 17.7x 25.9xmedian 17.7x
P/FCF now vs peer median 43.0xmedian 23.7x 34.0xmedian 23.7x
P/B now vs peer median 5.4xmedian 2.4x 4.7xmedian 2.4x
PEG now vs peer median -4.77median 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 monthsTECHTMO
Revenue $1.22B $46.34B
Gross profit $799.07M $18.91B
Operating income $251.89M $8.15B
Net income $181.86M $6.99B
Free cash flow $263.22M $7.32B
R&D $94.77M $1.40B
EPS (diluted) $1.16 $18.78
Cash & equivalents $264.71M $4.06B
Total debt $960.00M $42.55B
Shares (diluted) 157.01M 371.00M
Enterprise value $10.54B $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
MetricTECHTMO
P/E 62.2x 35.9x
P/FCF 43.0x 34.0x
P/Operating cash flow 38.8x 27.6x
P/S 9.3x 5.4x
P/B 5.4x 4.7x
P/Tangible book 6.3x 7.3x
EV/EBITDA 32.2x 25.9x
EV/EBIT 44.7x 35.3x
EV/Revenue 9.3x 6.2x
EV/FCF 42.8x 39.3x
EV/Operating cash flow 38.6x 31.9x
PEG (3Y EPS CAGR) -4.77 4.27

Growth

14 metrics
MetricTECHTMO
Revenue growth (1Y) -0.4% 7.2%
Revenue CAGR (3Y) 2.2% 2.1%
Gross profit growth (1Y) 1.1% 6.2%
Gross profit CAGR (3Y) 1.3% 3.0%
Operating income growth (1Y) 146.3% 10.0%
Operating income CAGR (3Y) -5.5% 6.7%
Net income growth (1Y) 147.8% 6.2%
Net income CAGR (3Y) -14.0% 6.9%
EPS growth (1Y) 152.0% 7.8%
EPS CAGR (3Y) -13.1% 8.4%
Operating cash flow growth (1Y) 1.6% 18.9%
Operating cash flow CAGR (3Y) 4.7% 5.4%
Free cash flow growth (1Y) 2.6% 18.6%
Free cash flow CAGR (3Y) 6.8% 7.7%

Profitability

14 metrics
MetricTECHTMO
Gross margin 65.8% 40.8%
EBITDA margin 28.7% 23.9%
Operating margin 20.7% 17.6%
Pretax margin 19.8% 16.5%
Net margin 15.0% 15.0%
FCF margin 21.7% 15.8%
Operating cash flow margin 24.0% 19.5%
Return on equity 8.7% 13.4%
Return on assets 7.1% 6.2%
Return on invested capital 8.3% 7.9%
Return on capital employed 10.5% 8.3%
Asset turnover 0.5x 0.4x
Cash conversion (OCF / net income) 1.6x 1.3x
Stock comp / revenue 0.5% 0.7%

Financial Health

11 metrics
MetricTECHTMO
Debt / assets 7.7% 37.6%
Debt / equity 0.1x 0.8x
Net debt / EBITDA -0.2x 3.5x
Debt / FCF 0.8x 5.8x
Liabilities / assets 18.5% 53.4%
Equity / assets 81.5% 46.6%
Interest coverage 26.2x 5.6x
Current ratio 4.5x 1.6x
Quick ratio 2.9x 1.0x
Cash ratio 1.6x 0.3x
Altman Z-score 15.88 3.98

Shareholder Returns

7 metrics
MetricTECHTMO
Dividend yield 0.4% 0.3%
Net buyback yield -0.3% 2.0%
Shareholder yield 0.1% 2.3%
Payout ratio (earnings) 27.4% 9.5%
Payout ratio (FCF) 19.0% 9.0%
Dividend growth (1Y) -0.9% 8.5%
Dividend CAGR (3Y) -0.2% 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.

ConsensusTECHTMO
Forward P/E 33.6xFY2027 26.1xFY2026
EPS, next fiscal year $2.16FY2027 $25.77FY2026
EPS growth, next FY +11.9%FY2027 +12.7%FY2026
EPS growth, the year after +5.1% +1.8%
Revenue, next fiscal year $1.19BFY2027 $49.99BFY2026
Revenue growth, next FY -2.1%FY2027 +12.2%FY2026
Revenue growth, the year after +13.5% -2.9%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersTECHTMO
Held by institutions 100.0% 90.2%
Institutions holding 597 2,621
Change in shares held, QoQ -0.6% +0.8%
Institutions buying 293 1,141
Institutions selling 241 1,144
Buyers to sellers 1.22 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.

TECHTMO
TECH 1.00 0.47
TMO 0.47 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, TECH and TMO?

Thermo Fisher Scientific (TMO) is the largest by market capitalisation: Bio-Techne (TECH) $11.34B, Thermo Fisher Scientific (TMO) $254.18B.

Which stock is cheaper, TECH and TMO?

Thermo Fisher Scientific (TMO) trades on the lowest price-to-earnings ratio (Bio-Techne (TECH) 62.3x, Thermo Fisher Scientific (TMO) 36.5x). On next year's consensus earnings, Thermo Fisher Scientific (TMO) is cheapest (Bio-Techne (TECH) 33.6x, 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: Bio-Techne (TECH) -0.4%, Thermo Fisher Scientific (TMO) +7.2%.

Which company is more profitable?

Thermo Fisher Scientific (TMO) has the highest net margin (Bio-Techne (TECH) 15.0%, Thermo Fisher Scientific (TMO) 15.0%). On return on invested capital, Bio-Techne (TECH) leads (Bio-Techne (TECH) 8.3%, Thermo Fisher Scientific (TMO) 7.9%).

Which stock has performed better?

Over the past year Thermo Fisher Scientific (TMO) returned the most: Bio-Techne (TECH) +9.8%, Thermo Fisher Scientific (TMO) +17.8%. Over five years, Thermo Fisher Scientific (TMO) compounded fastest (Bio-Techne (TECH) -10.5%/yr, Thermo Fisher Scientific (TMO) +1.9%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Bio-Techne (TECH) has the highest dividend yield: Bio-Techne (TECH) 0.00%, Thermo Fisher Scientific (TMO) 0.00%.

Which stock is riskier?

By one-year price volatility, Thermo Fisher Scientific (TMO) has been the steadiest (Bio-Techne (TECH) 43.6%, Thermo Fisher Scientific (TMO) 29.8%). Volatility measures how widely the price swings, not the risk of the business.

Do TECH and TMO move together?

Their daily returns over the past year have a correlation of 0.47, a moderate positive relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, TECH 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, Thermo Fisher Scientific (TMO) leads on 8. 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.