TMO vs LH vs RVTY Stock Comparison

Thermo Fisher Scientific, Labcorp Holdings and Revvity Prices as of Oct 29, 2026 Peers: Industry group
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LH Labcorp Holdings Inc.
$368.15 +19.2% 1M +48.4% 1Y
Market cap
$29.78B
P/E
30.0x
Revenue (TTM)
$14.59B
Div. yield
0.78%
Diagnostic Labs Healthcare
5 wins
RVTY Revvity, Inc.
$165.78 +8.6% 1M +74.0% 1Y
Market cap
$18.50B
P/E
77.9x
Revenue (TTM)
$2.91B
Div. yield
0.17%
Life Sciences Tools Healthcare
2 wins

Head to Head

9 decided of 12

Labcorp Holdings leads on 5 of the 12 questions below (Labcorp Holdings 5, Thermo Fisher Scientific 2, Revvity 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionTMOLHRVTYLeader
Larger companyMarket capitalisation $262.26B $29.78B $18.50B TMO
Cheaper on earningsLower P/E, profitable companies only 37.2x 30.0x 77.9x LH
Cheaper on forward earningsLower price / next fiscal year consensus EPS 27.4x 21.6x 32.5x LH
Faster revenue growthRevenue growth, trailing twelve months +8.3% +6.0% +4.1% TMO
More profitableNet margin, trailing twelve months — — 8.2% –
Better return on capitalReturn on invested capital — — 3.1% –
Less leveragedLower net debt / EBITDA — — 2.8x –
Higher dividend yieldTrailing dividend yield 0.26% 0.78% 0.17% LH
Better 1-year returnPrice return, last 12 months +27.0% +48.4% +74.0% RVTY
Better 5-year returnAnnualised price return, 5 years +2.3%/yr +8.4%/yr -1.3%/yr LH
Less volatileAnnualised volatility, 1 year 29.8% 24.3% 39.8% LH
Higher overall scoreMean of the five percentile scores vs peers 51/100 57/100 58/100 RVTY

Percentile Scorecard

TMOLHRVTY

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

AxisTMOLHRVTY
Valuation 50 #113 of 227 58 #39 of 92 69 #72 of 227
Growth 41 #130 of 218 35 #57 of 87 28 #157 of 218
Profitability 70 #61 of 202 71 #26 of 86 81 #40 of 202
Financial Health – 56 #43 of 97 47 #124 of 233
Shareholder Returns 44 #73 of 130 65 #20 of 55 66 #45 of 130
Overall 51 57 58
  • TMO ranked among 247 companies in Medical Devices and Diagnostics
  • LH ranked among 102 companies in Healthcare Providers
  • RVTY 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

PeriodTMOLHRVTYSPY
1 month +4.4%+19.2%+8.6% +0.7%
3 months +23.0%+16.6%+46.0% +3.7%
6 months +48.1%+43.4%+91.4% +7.1%
Year to date +22.4%+46.7%+71.3% +12.8%
1 year +27.0%+48.4%+74.0% +11.9%
3 years +63.4%+85.8%+102.0% +85.2%
3 years, per year +17.8%+23.0%+26.4% +22.8%
5 years +12.0%+49.3%-6.3% +67.6%
5 years, per year +2.3%+8.4%-1.3% +10.9%
10 years +381.8%+245.6%+226.3% +262.0%
10 years, per year +17.0%+13.2%+12.6% +13.7%

Risk

MeasureTMOLHRVTYSPY
Volatility, 1Y 29.8%24.3%39.8% 12.7%
Downside volatility, 1Y 28.4%21.7%36.0% 12.6%
Beta vs S&P 500, 1Y 0.620.361.23 1.00
Return / volatility, 1Y 0.911.991.86 0.94
Max drawdown, 5Y -41.5%-35.0%-59.2% -25.4%
From 52-week high 0.0%0.0%0.0% -1.2%
52-week high $709.29$368.15$165.78 $779.14
52-week low $438.34$246.64$82.26 $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.

MultipleTMOLHRVTY
P/E now vs peer median 37.2xmedian 28.7x 30.0xmedian 26.0x 77.9xmedian 28.7x
P/S now vs peer median 5.5xmedian 3.0x 2.0xmedian 1.6x 6.4xmedian 3.0x
EV/EBITDA now vs peer median —median 17.8x —median 15.4x 26.7xmedian 17.8x
P/FCF now vs peer median 34.0xmedian 26.4x 21.6xmedian 21.5x 32.5xmedian 26.4x
P/B now vs peer median 4.8xmedian 2.4x 3.4xmedian 3.2x 2.6xmedian 2.4x
PEG now vs peer median 4.91median 0.99 1.74median 0.87 -2.50median 0.99

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 monthsTMOLHRVTY
Revenue $47.35B $14.59B $2.91B
Gross profit – $4.23B $1.60B
Operating income $8.47B $1.50B $358.85M
Net income $7.09B $1.00B $237.55M
Free cash flow – – $568.85M
R&D $1.40B – $215.83M
EPS (diluted) $19.06 $12.24 $2.13
Cash & equivalents $5.46B $261.80M $1.02B
Total debt – – $3.21B
Shares (diluted) 371.00M 82.00M 111.63M
Enterprise value $262.39B $29.80B $14.76B

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
MetricTMOLHRVTY
P/E 37.2x 30.0x 77.9x
P/FCF 34.0x 21.6x 32.5x
P/Operating cash flow 28.1x 16.4x 29.0x
P/S 5.5x 2.0x 6.4x
P/B 4.8x 3.4x 2.6x
P/Tangible book 7.1x 5.8x 3.7x
EV/EBITDA – – 26.7x
EV/EBIT – – 57.6x
EV/Revenue 5.5x 2.0x 7.1x
EV/FCF – – 36.4x
EV/Operating cash flow 28.1x 16.4x 32.4x
PEG (3Y EPS CAGR) 4.91 1.74 -2.50

Growth

14 metrics
MetricTMOLHRVTY
Revenue growth (1Y) 8.3% 6.0% 4.1%
Revenue CAGR (3Y) 2.9% 6.6% 0.9%
Gross profit growth (1Y) – 8.0% 2.3%
Gross profit CAGR (3Y) – 8.2% -0.4%
Operating income growth (1Y) 12.8% 12.6% -5.5%
Operating income CAGR (3Y) 7.2% 19.7% -3.7%
Net income growth (1Y) 7.9% 17.4% -16.7%
Net income CAGR (3Y) 6.2% 14.9% -33.8%
EPS growth (1Y) 9.7% 19.8% -12.3%
EPS CAGR (3Y) 7.6% 17.2% -31.2%
Operating cash flow growth (1Y) 21.9% 0.6% 6.2%
Operating cash flow CAGR (3Y) 4.5% 9.0% 86.9%
Free cash flow growth (1Y) – – 9.5%
Free cash flow CAGR (3Y) – – 64.8%

Profitability

14 metrics
MetricTMOLHRVTY
Gross margin – – 55.0%
EBITDA margin – – 26.6%
Operating margin – – 12.3%
Pretax margin – – 9.0%
Net margin – – 8.2%
FCF margin – – 19.5%
Operating cash flow margin 19.7% 12.4% 21.9%
Return on equity 13.2% 11.5% 3.3%
Return on assets 6.2% 5.4% 2.0%
Return on invested capital – – 3.1%
Return on capital employed – – 3.3%
Asset turnover 0.4x 0.8x 0.2x
Cash conversion (OCF / net income) 1.3x 1.8x 2.7x
Stock comp / revenue – 0.9% 0.8%

Financial Health

11 metrics
MetricTMOLHRVTY
Debt / assets – – 26.6%
Debt / equity – – 0.4x
Net debt / EBITDA – – 2.8x
Debt / FCF – – 5.6x
Liabilities / assets – 53.2% 40.0%
Equity / assets 47.9% 46.8% 60.0%
Interest coverage – – 3.7x
Current ratio 1.8x 1.4x 1.8x
Quick ratio – – 1.4x
Cash ratio – – 0.8x
Altman Z-score – – 3.46

Shareholder Returns

7 metrics
MetricTMOLHRVTY
Dividend yield 0.3% 0.8% 0.2%
Net buyback yield – – 2.5%
Shareholder yield 0.3% 0.8% 2.7%
Payout ratio (earnings) – – 13.4%
Payout ratio (FCF) – – 5.6%
Dividend growth (1Y) – – -6.3%
Dividend CAGR (3Y) – – -6.1%

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.

ConsensusTMOLHRVTY
Forward P/E 27.4xFY2026 21.6xFY2026 32.5xFY2026
EPS, next fiscal year $25.91FY2026 $17.07FY2026 $5.10FY2026
EPS growth, next FY +13.3%FY2026 +3.8%FY2026 +0.8%FY2026
EPS growth, the year after +2.0% +9.3% +11.0%
Revenue, next fiscal year $50.12BFY2026 $14.31BFY2026 $2.98BFY2026
Revenue growth, next FY +12.5%FY2026 +2.6%FY2026 +4.0%FY2026
Revenue growth, the year after -2.8% +11.9% -2.0%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersTMOLHRVTY
Held by institutions 90.2% 97.0% 100.0%
Institutions holding 2,624 1,052 546
Change in shares held, QoQ +0.8% +1.6% -1.3%
Institutions buying 1,144 466 302
Institutions selling 1,144 393 161
Buyers to sellers 1.00 1.19 1.88

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.

TMOLHRVTY
TMO 1.00 0.44 0.71
LH 0.44 1.00 0.43
RVTY 0.71 0.43 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, TMO, LH and RVTY?

Thermo Fisher Scientific (TMO) is the largest by market capitalisation: Thermo Fisher Scientific (TMO) $262.26B, Labcorp Holdings (LH) $29.78B, Revvity (RVTY) $18.50B.

Which stock is cheaper, TMO, LH and RVTY?

Labcorp Holdings (LH) trades on the lowest price-to-earnings ratio (Thermo Fisher Scientific (TMO) 37.2x, Labcorp Holdings (LH) 30.0x, Revvity (RVTY) 77.9x). On next year's consensus earnings, Labcorp Holdings (LH) is cheapest (Thermo Fisher Scientific (TMO) 27.4x, Labcorp Holdings (LH) 21.6x, Revvity (RVTY) 32.5x). 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: Thermo Fisher Scientific (TMO) +8.3%, Labcorp Holdings (LH) +6.0%, Revvity (RVTY) +4.1%.

Which stock has performed better?

Over the past year Revvity (RVTY) returned the most: Thermo Fisher Scientific (TMO) +27.0%, Labcorp Holdings (LH) +48.4%, Revvity (RVTY) +74.0%. Over five years, Labcorp Holdings (LH) compounded fastest (Thermo Fisher Scientific (TMO) +2.3%/yr, Labcorp Holdings (LH) +8.4%/yr, Revvity (RVTY) -1.3%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Labcorp Holdings (LH) has the highest dividend yield: Thermo Fisher Scientific (TMO) 0.26%, Labcorp Holdings (LH) 0.78%, Revvity (RVTY) 0.17%.

Which stock is riskier?

By one-year price volatility, Labcorp Holdings (LH) has been the steadiest (Thermo Fisher Scientific (TMO) 29.8%, Labcorp Holdings (LH) 24.3%, Revvity (RVTY) 39.8%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, TMO, LH and RVTY?

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