TMO vs TXG vs TWST Stock Comparison

Thermo Fisher Scientific, 10x Genomics and Twist Bioscience Prices as of Oct 28, 2026 Peers: Industry group
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TXG 10x Genomics, Inc.
$83.62 -5.5% 1M +526.8% 1Y
Market cap
$10.89B
P/E
–
Revenue (TTM)
$616.91M
Div. yield
–
Life Sciences Tools Healthcare
3 wins
TWST Twist Bioscience Corp
$173.45 -3.4% 1M +416.7% 1Y
Market cap
$10.87B
P/E
–
Revenue (TTM)
$431.80M
Div. yield
–
Life Sciences Tools Healthcare
2 wins

Head to Head

7 decided of 12

10x Genomics leads on 3 of the 12 questions below (10x Genomics 3, Thermo Fisher Scientific 2, Twist Bioscience 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionTMOTXGTWSTLeader
Larger companyMarket capitalisation $260.59B $10.89B $10.87B TMO
Cheaper on earningsLower P/E, profitable companies only 37.0x -144.7x -79.1x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 27.2x — — –
Faster revenue growthRevenue growth, trailing twelve months +8.3% -4.3% +19.2% TWST
More profitableNet margin, trailing twelve months — -12.2% -31.7% TXG
Better return on capitalReturn on invested capital — — -31.1% –
Less leveragedLower net debt / EBITDA — — 1.3x –
Higher dividend yieldTrailing dividend yield 0.26% — — –
Better 1-year returnPrice return, last 12 months +26.4% +526.8% +416.7% TXG
Better 5-year returnAnnualised price return, 5 years +2.2%/yr -12.3%/yr +7.9%/yr TWST
Less volatileAnnualised volatility, 1 year 29.8% 74.2% 79.1% TMO
Higher overall scoreMean of the five percentile scores vs peers 51/100 61/100 51/100 TXG

Percentile Scorecard

TMOTXGTWST

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

AxisTMOTXGTWST
Valuation 49 #116 of 227 44 #128 of 227 30 #159 of 227
Growth 40 #132 of 219 66 #76 of 219 55 #99 of 219
Profitability 71 #61 of 205 62 #78 of 205 41 #122 of 205
Financial Health – 68 #77 of 237 73 #65 of 237
Shareholder Returns 44 #76 of 135 68 #44 of 135 55 #62 of 135
Overall 51 61 51
  • TMO ranked among 247 companies in Medical Devices and Diagnostics
  • TXG ranked among 247 companies in Medical Devices and Diagnostics
  • TWST 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

PeriodTMOTXGTWSTSPY
1 month +3.9%-5.5%-3.4% +0.9%
3 months +22.3%+80.5%+102.9% +5.9%
6 months +51.2%+314.0%+205.9% +8.5%
Year to date +21.6%+412.7%+446.8% +13.3%
1 year +26.4%+526.8%+416.7% +12.4%
3 years +63.4%+129.7%+1,047.9% +88.1%
3 years, per year +17.8%+32.0%+125.7% +23.5%
5 years +11.3%-48.1%+46.0% +68.2%
5 years, per year +2.2%-12.3%+7.9% +11.0%
10 years +378.8%—— +263.4%
10 years, per year +17.0%—— +13.8%

Risk

MeasureTMOTXGTWSTSPY
Volatility, 1Y 29.8%74.2%79.1% 12.7%
Downside volatility, 1Y 28.4%66.3%69.7% 12.7%
Beta vs S&P 500, 1Y 0.622.242.71 1.00
Return / volatility, 1Y 0.887.105.27 0.98
Max drawdown, 5Y -41.5%-96.1%-91.5% -25.4%
From 52-week high 0.0%-14.4%-15.4% -0.9%
52-week high $704.77$97.74$205.00 $779.14
52-week low $438.34$12.44$25.45 $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.

MultipleTMOTXGTWST
P/E now vs peer median 37.0xmedian 28.8x -144.7xmedian 28.8x -79.1xmedian 28.8x
P/S now vs peer median 5.5xmedian 3.0x 17.7xmedian 3.0x 25.2xmedian 3.0x
EV/EBITDA now vs peer median —median 17.4x -244.2xmedian 17.4x -89.6xmedian 17.4x
P/FCF now vs peer median 34.0xmedian 25.7x 89.7xmedian 25.7x -110.8xmedian 25.7x
P/B now vs peer median 4.8xmedian 2.4x 13.2xmedian 2.4x 24.4xmedian 2.4x
PEG now vs peer median 4.88median 1.03 -5.39median 1.03 -5.01median 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 monthsTMOTXGTWST
Revenue $47.35B $616.91M $431.80M
Gross profit – $432.03M $224.39M
Operating income $8.47B -$88.38M -$144.98M
Net income $7.09B -$75.13M -$136.80M
Free cash flow – $121.44M -$98.12M
R&D $1.40B $226.80M $71.86M
EPS (diluted) $19.06 $-0.58 $-2.19
Cash & equivalents $5.46B – $117.44M
Total debt – – $15.00M
Shares (diluted) 371.00M 129.98M 62.40M
Enterprise value $260.71B $10.70B $10.10B

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
MetricTMOTXGTWST
P/E 37.0x -144.7x -79.1x
P/FCF 34.0x 89.7x -110.8x
P/Operating cash flow 27.9x 85.7x -204.8x
P/S 5.5x 17.7x 25.2x
P/B 4.8x 13.2x 24.4x
P/Tangible book 7.1x 14.3x 25.1x
EV/EBITDA – -244.2x -89.6x
EV/EBIT – -122.7x -73.9x
EV/Revenue 5.5x 17.6x 24.8x
EV/FCF – 89.3x -109.2x
EV/Operating cash flow 27.9x 85.3x -202.0x
PEG (3Y EPS CAGR) 4.88 -5.39 -5.01

Growth

14 metrics
MetricTMOTXGTWST
Revenue growth (1Y) 8.3% -4.3% 19.2%
Revenue CAGR (3Y) 2.9% 2.8% 22.4%
Gross profit growth (1Y) – -3.5% 25.8%
Gross profit CAGR (3Y) – 1.1% 35.1%
Operating income growth (1Y) 12.8% 12.1% -1.8%
Operating income CAGR (3Y) 7.2% 20.9% 13.5%
Net income growth (1Y) 7.9% 11.2% -60.6%
Net income CAGR (3Y) 6.2% 24.2% 13.2%
EPS growth (1Y) 9.7% 14.9% -57.5%
EPS CAGR (3Y) 7.6% 26.8% 15.8%
Operating cash flow growth (1Y) 21.9% 89.8% -3.8%
Operating cash flow CAGR (3Y) 4.5% 135.5% 24.4%
Free cash flow growth (1Y) – 113.5% -42.8%
Free cash flow CAGR (3Y) – 44.7% 15.9%

Profitability

14 metrics
MetricTMOTXGTWST
Gross margin – 70.0% 52.0%
EBITDA margin – -7.2% -27.7%
Operating margin – -14.3% -33.6%
Pretax margin – -12.1% -31.5%
Net margin – -12.2% -31.7%
FCF margin – 19.7% -22.7%
Operating cash flow margin 19.7% 20.6% -12.3%
Return on equity 13.2% -9.2% -30.4%
Return on assets 6.2% -7.3% -20.3%
Return on invested capital – – -31.1%
Return on capital employed – -9.8% -26.2%
Asset turnover 0.4x 0.6x 0.6x
Cash conversion (OCF / net income) 1.3x -1.7x 0.4x
Stock comp / revenue – 16.0% 15.4%

Financial Health

11 metrics
MetricTMOTXGTWST
Debt / assets – – 2.2%
Debt / equity – – 0.0x
Net debt / EBITDA – – 1.3x
Debt / FCF – – -0.2x
Liabilities / assets – 19.9% 33.7%
Equity / assets 47.9% 80.1% 66.3%
Interest coverage – – –
Current ratio 1.8x 5.7x 2.7x
Quick ratio – 0.8x 1.9x
Cash ratio – 0.4x 1.4x
Altman Z-score – 30.83 26.09

Shareholder Returns

7 metrics
MetricTMOTXGTWST
Dividend yield 0.3% – –
Net buyback yield – -0.1% -0.1%
Shareholder yield 0.3% -0.1% -0.1%
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.

ConsensusTMOTXGTWST
Forward P/E 27.2xFY2026 – –
EPS, next fiscal year $25.91FY2026 $-0.79FY2026 $-2.02FY2026
EPS growth, next FY +13.3%FY2026 – –
EPS growth, the year after +2.0% – –
Revenue, next fiscal year $50.12BFY2026 $580.42MFY2026 $469.33MFY2026
Revenue growth, next FY +12.5%FY2026 -9.7%FY2026 +24.6%FY2026
Revenue growth, the year after -2.8% +24.6% +21.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersTMOTXGTWST
Held by institutions 90.2% 100.0% 100.0%
Institutions holding 2,623 389 335
Change in shares held, QoQ +0.8% +2.4% -0.8%
Institutions buying 1,143 197 188
Institutions selling 1,144 137 102
Buyers to sellers 1.00 1.44 1.84

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.

TMOTXGTWST
TMO 1.00 0.50 0.44
TXG 0.50 1.00 0.60
TWST 0.44 0.60 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, TMO, TXG and TWST?

Thermo Fisher Scientific (TMO) is the largest by market capitalisation: Thermo Fisher Scientific (TMO) $260.59B, 10x Genomics (TXG) $10.89B, Twist Bioscience (TWST) $10.87B.

Which company is growing faster?

Twist Bioscience (TWST) grew revenue fastest over the trailing twelve months: Thermo Fisher Scientific (TMO) +8.3%, 10x Genomics (TXG) -4.3%, Twist Bioscience (TWST) +19.2%.

Which company is more profitable?

10x Genomics (TXG) has the highest net margin (10x Genomics (TXG) -12.2%, Twist Bioscience (TWST) -31.7%).

Which stock has performed better?

Over the past year 10x Genomics (TXG) returned the most: Thermo Fisher Scientific (TMO) +26.4%, 10x Genomics (TXG) +526.8%, Twist Bioscience (TWST) +416.7%. Over five years, Twist Bioscience (TWST) compounded fastest (Thermo Fisher Scientific (TMO) +2.2%/yr, 10x Genomics (TXG) -12.3%/yr, Twist Bioscience (TWST) +7.9%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Thermo Fisher Scientific (TMO) 0.26%. 10x Genomics (TXG) and Twist Bioscience (TWST) 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%, 10x Genomics (TXG) 74.2%, Twist Bioscience (TWST) 79.1%). Volatility measures how widely the price swings, not the risk of the business.

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

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, 10x Genomics (TXG) leads on 3. 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.