TMO vs A vs TXG Stock Comparison

Thermo Fisher Scientific, Agilent Technologies and 10x Genomics Prices as of Oct 28, 2026 Peers: Industry group
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A Agilent Technologies, Inc.
$181.54 +3.6% 1M +24.5% 1Y
Market cap
$51.22B
P/E
35.6x
Revenue (TTM)
$7.37B
Div. yield
0.01%
Life Sciences Tools Healthcare
5 wins
TXG 10x Genomics, Inc.
$83.62 -5.5% 1M +526.8% 1Y
Market cap
$10.70B
P/E
–
Revenue (TTM)
$616.91M
Div. yield
–
Life Sciences Tools Healthcare
1 win

Head to Head

9 decided of 12

Agilent Technologies leads on 5 of the 12 questions below (Agilent Technologies 5, Thermo Fisher Scientific 3, 10x Genomics 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionTMOATXGLeader
Larger companyMarket capitalisation $263.61B $51.22B $10.70B TMO
Cheaper on earningsLower P/E, profitable companies only 37.3x 35.6x -142.4x A
Cheaper on forward earningsLower price / next fiscal year consensus EPS 27.2x 27.8x — TMO
Faster revenue growthRevenue growth, trailing twelve months +8.3% +8.6% -4.3% A
More profitableNet margin, trailing twelve months — 19.5% -12.2% A
Better return on capitalReturn on invested capital — 13.1% — –
Less leveragedLower net debt / EBITDA — 1.1x — –
Higher dividend yieldTrailing dividend yield 0.00% 0.01% 0.00% –
Better 1-year returnPrice return, last 12 months +26.4% +24.5% +526.8% TXG
Better 5-year returnAnnualised price return, 5 years +2.2%/yr +2.9%/yr -12.3%/yr A
Less volatileAnnualised volatility, 1 year 29.8% 32.4% 74.2% TMO
Higher overall scoreMean of the five percentile scores vs peers 51/100 62/100 61/100 A

Percentile Scorecard

TMOATXG

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

AxisTMOATXG
Valuation 49 #116 of 227 57 #98 of 227 44 #128 of 227
Growth 40 #132 of 219 36 #140 of 219 66 #76 of 219
Profitability 71 #61 of 205 91 #19 of 205 62 #78 of 205
Financial Health – 56 #106 of 237 68 #77 of 237
Shareholder Returns 44 #76 of 135 70 #41 of 135 68 #44 of 135
Overall 51 62 61
  • TMO ranked among 247 companies in Medical Devices and Diagnostics
  • A ranked among 247 companies in Medical Devices and Diagnostics
  • TXG 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

PeriodTMOATXGSPY
1 month +3.9%+3.6%-5.5% +0.9%
3 months +22.3%+29.4%+80.5% +5.9%
6 months +51.2%+63.1%+314.0% +8.5%
Year to date +21.6%+33.4%+412.7% +13.3%
1 year +26.4%+24.5%+526.8% +12.4%
3 years +63.4%+76.6%+129.7% +88.1%
3 years, per year +17.8%+20.9%+32.0% +23.5%
5 years +11.3%+15.3%-48.1% +68.2%
5 years, per year +2.2%+2.9%-12.3% +11.0%
10 years +378.8%+320.0%— +263.4%
10 years, per year +17.0%+15.4%— +13.8%

Risk

MeasureTMOATXGSPY
Volatility, 1Y 29.8%32.4%74.2% 12.7%
Downside volatility, 1Y 28.4%27.6%66.3% 12.7%
Beta vs S&P 500, 1Y 0.620.882.24 1.00
Return / volatility, 1Y 0.880.757.10 0.98
Max drawdown, 5Y -41.5%-39.6%-96.1% -25.4%
From 52-week high 0.0%0.0%-14.4% -0.9%
52-week high $704.77$181.54$97.74 $779.14
52-week low $438.34$110.24$12.44 $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.

MultipleTMOATXG
P/E now vs peer median 37.0xmedian 28.8x 35.6xmedian 28.8x -144.7xmedian 28.8x
P/S now vs peer median 5.5xmedian 3.0x 6.9xmedian 3.0x 17.7xmedian 3.0x
EV/EBITDA now vs peer median —median 17.4x 27.9xmedian 17.4x -244.2xmedian 17.4x
P/FCF now vs peer median 34.0xmedian 25.7x 40.4xmedian 25.7x 89.7xmedian 25.7x
P/B now vs peer median 4.8xmedian 2.4x 7.0xmedian 2.4x 13.2xmedian 2.4x
PEG now vs peer median 4.88median 1.03 3.62median 1.03 -5.39median 1.03

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 monthsTMOATXG
Revenue $47.35B $7.37B $616.91M
Gross profit – $3.97B $432.03M
Operating income $8.47B $1.64B -$88.38M
Net income $7.09B $1.44B -$75.13M
Free cash flow – $1.27B $121.44M
R&D $1.40B $485.00M $226.80M
EPS (diluted) $19.06 $5.09 $-0.58
Cash & equivalents $5.46B $1.76B –
Total debt – $3.95B –
Shares (diluted) 371.00M 283.00M 129.98M
Enterprise value $263.61B $44.10B $10.50B

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
MetricTMOATXG
P/E 37.0x 35.6x -144.7x
P/FCF 34.0x 40.4x 89.7x
P/Operating cash flow 27.9x 31.8x 85.7x
P/S 5.5x 6.9x 17.7x
P/B 4.8x 7.0x 13.2x
P/Tangible book 7.1x 7.9x 14.3x
EV/EBITDA – 27.9x -244.2x
EV/EBIT – 32.6x -122.7x
EV/Revenue 5.5x 7.2x 17.6x
EV/FCF – 42.1x 89.3x
EV/Operating cash flow 27.9x 33.2x 85.3x
PEG (3Y EPS CAGR) 4.88 3.62 -5.39

Growth

14 metrics
MetricTMOATXG
Revenue growth (1Y) 8.3% 8.6% -4.3%
Revenue CAGR (3Y) 2.9% 1.8% 2.8%
Gross profit growth (1Y) – 11.2% -3.5%
Gross profit CAGR (3Y) – 3.7% 1.1%
Operating income growth (1Y) 12.8% 13.5% 12.1%
Operating income CAGR (3Y) 7.2% 5.1% 20.9%
Net income growth (1Y) 7.9% 18.0% 11.2%
Net income CAGR (3Y) 6.2% 8.3% 24.2%
EPS growth (1Y) 9.7% 18.9% 14.9%
EPS CAGR (3Y) 7.6% 9.8% 26.8%
Operating cash flow growth (1Y) 21.9% 7.6% 89.8%
Operating cash flow CAGR (3Y) 4.5% -1.9% 135.5%
Free cash flow growth (1Y) – 16.5% 113.5%
Free cash flow CAGR (3Y) – -3.7% 44.7%

Profitability

14 metrics
MetricTMOATXG
Gross margin – 53.8% 70.0%
EBITDA margin – 25.9% -7.2%
Operating margin – 22.2% -14.3%
Pretax margin – 22.5% -12.1%
Net margin – 19.5% -12.2%
FCF margin – 17.2% 19.7%
Operating cash flow margin 19.7% 21.8% 20.6%
Return on equity 13.2% 19.9% -9.2%
Return on assets 6.2% 10.7% -7.3%
Return on invested capital – 13.1% –
Return on capital employed – 14.6% -9.8%
Asset turnover 0.4x 0.5x 0.6x
Cash conversion (OCF / net income) 1.3x 1.1x -1.7x
Stock comp / revenue – 1.8% 16.0%

Financial Health

11 metrics
MetricTMOATXG
Debt / assets – 28.3% –
Debt / equity – 0.5x –
Net debt / EBITDA – 1.1x –
Debt / FCF – 3.1x –
Liabilities / assets – 47.3% 19.9%
Equity / assets 47.9% 52.7% 80.1%
Interest coverage – 15.5x –
Current ratio 1.8x 2.1x 5.7x
Quick ratio – 1.4x 0.8x
Cash ratio – 0.8x 0.4x
Altman Z-score – 5.96 30.83

Shareholder Returns

7 metrics
MetricTMOATXG
Dividend yield 0.3% 0.6% –
Net buyback yield – 0.6% -0.1%
Shareholder yield 0.3% 1.2% -0.1%
Payout ratio (earnings) – 19.9% –
Payout ratio (FCF) – 22.6% –
Dividend growth (1Y) – 2.1% –
Dividend CAGR (3Y) – 3.1% –

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.

ConsensusTMOATXG
Forward P/E 27.2xFY2026 27.8xFY2026 –
EPS, next fiscal year $25.91FY2026 $6.54FY2026 $-0.79FY2026
EPS growth, next FY +13.3%FY2026 +17.0%FY2026 –
EPS growth, the year after +2.0% +0.3% –
Revenue, next fiscal year $50.12BFY2026 $7.87BFY2026 $580.42MFY2026
Revenue growth, next FY +12.5%FY2026 +15.3%FY2026 -9.7%FY2026
Revenue growth, the year after -2.8% -5.6% +24.6%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersTMOATXG
Held by institutions 90.2% 92.6% 100.0%
Institutions holding 2,623 1,124 389
Change in shares held, QoQ +0.8% +3.2% +2.4%
Institutions buying 1,143 601 197
Institutions selling 1,144 350 137
Buyers to sellers 1.00 1.72 1.44

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.

TMOATXG
TMO 1.00 0.73 0.50
A 0.73 1.00 0.52
TXG 0.50 0.52 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, TMO, A and TXG?

Thermo Fisher Scientific (TMO) is the largest by market capitalisation: Thermo Fisher Scientific (TMO) $263.61B, Agilent Technologies (A) $51.22B, 10x Genomics (TXG) $10.70B.

Which stock is cheaper, TMO, A and TXG?

Agilent Technologies (A) trades on the lowest price-to-earnings ratio (Thermo Fisher Scientific (TMO) 37.3x, Agilent Technologies (A) 35.6x, 10x Genomics (TXG) -142.4x). On next year's consensus earnings, Thermo Fisher Scientific (TMO) is cheapest (Thermo Fisher Scientific (TMO) 27.2x, Agilent Technologies (A) 27.8x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Agilent Technologies (A) grew revenue fastest over the trailing twelve months: Thermo Fisher Scientific (TMO) +8.3%, Agilent Technologies (A) +8.6%, 10x Genomics (TXG) -4.3%.

Which company is more profitable?

Agilent Technologies (A) has the highest net margin (Agilent Technologies (A) 19.5%, 10x Genomics (TXG) -12.2%).

Which stock has performed better?

Over the past year 10x Genomics (TXG) returned the most: Thermo Fisher Scientific (TMO) +26.4%, Agilent Technologies (A) +24.5%, 10x Genomics (TXG) +526.8%. Over five years, Agilent Technologies (A) compounded fastest (Thermo Fisher Scientific (TMO) +2.2%/yr, Agilent Technologies (A) +2.9%/yr, 10x Genomics (TXG) -12.3%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Thermo Fisher Scientific (TMO) 0.00%, Agilent Technologies (A) 0.01%, 10x Genomics (TXG) 0.00%. Thermo Fisher Scientific (TMO) and 10x Genomics (TXG) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Thermo Fisher Scientific (TMO) has been the steadiest (Thermo Fisher Scientific (TMO) 29.8%, Agilent Technologies (A) 32.4%, 10x Genomics (TXG) 74.2%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, TMO, A and TXG?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Agilent Technologies (A) 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.