Thermo Fisher Scientific TMO Peer Comparison

NYSE TMO
$657.76 +6.03 (+0.93%)
At close: Oct 9, 2026 · 4:00 PM EDT
Peer Comparison

396 Comparable Companies

Industry Group Medical Devices and Diagnostics

Thermo Fisher Scientific Inc. (TMO) is the 2nd largest of 396 Medical Devices and Diagnostics companies by market capitalisation, at 243.20 Bn, behind Johnson & Johnson at 630.16 Bn. It trades on a P/E of 35.03, 19% above the peer median of 29.52. The table below compares all 396 on 7 financial metrics, including companies with a secondary business in the group.

Download Data
# Symbol Company Industry Mkt Cap Price Chg % 1Y P/E P/S Enterprise Value
1 JNJ 2nd Johnson & Johnson Medical Devices 630.16 Bn 261.49 +1.95% +36.85% 29.92 6.43 548.69 Bn
2 TMO Thermo Fisher Scientific Life Sciences Tools 243.20 Bn 657.76 +0.93% +23.02% 35.03 5.25 222.35 Bn
3 ABT Abbott Laboratories Medical Devices 172.35 Bn 99.60 +1.13% -25.29% 31.95 3.70 143.43 Bn
4 DHR Danaher Life Sciences Tools 154.53 Bn 219.85 +1.10% +7.52% 38.73 6.15 138.35 Bn
5 ISRG Intuitive Surgical Medical Devices 150.04 Bn 423.96 +2.06% -4.46% 47.83 13.60 129.59 Bn
6 MDT Medtronic Medical Devices 113.25 Bn 88.47 +0.87% -8.32% 21.64 3.02 79.11 Bn
7 MCK 2nd Mckesson Medical Supplies 109.45 Bn 938.77 +0.89% +23.85% 24.27 0.27 95.91 Bn
8 SYK Stryker Medical Devices 106.37 Bn 277.32 +0.10% -25.09% 28.52 4.12 92.49 Bn
9 TEL 2nd TE Connectivity Medical Devices 63.20 Bn 218.29 +1.85% -1.87% 21.06 3.27 58.49 Bn
10 BSX Boston Scientific Medical Devices 61.94 Bn 42.74 +1.69% -56.06% 17.10 2.95 56.95 Bn
11 AME 2nd Ametek Medical Devices 56.98 Bn 248.55 +0.41% +35.59% 36.12 7.25 55.11 Bn
12 CAH 2nd Cardinal Health Medical Supplies 55.24 Bn 237.52 -0.57% +51.08% 32.70 0.22 39.24 Bn
13 BDX Becton Dickinson Medical Supplies 50.05 Bn 183.76 +0.57% +23.62% 53.66 2.15 47.20 Bn
14 EW Edwards Lifesciences Medical Devices 49.13 Bn 85.20 +1.16% +13.31% 48.87 7.54 33.24 Bn
15 A Agilent Technologies Life Sciences Tools 48.07 Bn 170.48 +1.37% +21.68% 33.39 6.52 40.96 Bn
16 MDLN Medline Medical Supplies 47.67 Bn 36.26 +1.45% — 30.29 1.67 48.13 Bn
17 WAT Waters Life Sciences Tools 42.60 Bn 433.73 +1.02% +31.25% — — —
18 ILMN Illumina Life Sciences Tools 42.00 Bn 278.17 +5.14% +188.41% 50.91 9.35 36.77 Bn
19 IDXX 2nd Idexx Laboratories Diagnostic Equipment 40.86 Bn 518.00 +0.95% -17.61% 35.89 8.97 40.07 Bn
20 MTD 2nd Mettler Toledo International Life Sciences Tools 33.63 Bn 1,551.09 +1.53% +18.62% 34.46 8.14 33.39 Bn
21 RMD Resmed Medical Devices 33.19 Bn 230.12 +1.50% -17.19% 21.98 5.87 27.26 Bn
22 DXCM Dexcom Medical Devices 31.74 Bn 84.11 -0.36% +23.55% 32.16 6.39 22.06 Bn
23 ALC Alcon Medical Devices 31.26 Bn 64.13 +1.58% -13.95% 54.35 2.91 24.46 Bn
24 IR 2nd Ingersoll Rand Life Sciences Tools 30.55 Bn 78.74 +0.94% +0.33% 32.01 3.85 25.74 Bn
25 GEHC GE HealthCare Technologies Diagnostic Equipment 29.69 Bn 65.74 +2.37% -11.43% 15.00 1.40 16.98 Bn
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About these peers

Who are Thermo Fisher Scientific Inc.'s peers and competitors?

Thermo Fisher Scientific Inc. (TMO) is compared with 396 US-listed companies in the Medical Devices and Diagnostics industry group, of which 260 have it as their primary business and 136 run a substantial Medical Devices and Diagnostics business alongside something else.

How are these peers chosen?

Peers are every company that BQ-MICS, our own multi-industry classification system, places in the same industry group as Thermo Fisher Scientific Inc.. Unlike a single-label scheme, BQ-MICS assigns each company a primary industry and any secondary industries it genuinely operates in, and records the reasoning behind every assignment. Tap the info icon beside any ticker to read it.

What does "2nd" next to a ticker mean?

It marks a secondary match: the company operates a real business in this industry group, but it is not its largest. Tick "Primary business only" above the table to compare against pure plays alone.

How often is this peer comparison updated?

Prices, market caps and valuation figures refresh with each session's close. The classification itself is reviewed whenever a company's filings change what it does, such as a new segment, a disposal or an acquisition.

Can I compare these peers on other metrics?

Yes. Use Edit Columns above the table to add any of 1,000+ financial metrics and ratios to the comparison, and Download Data to export it.

Thermo Fisher Scientific Inc. Peers API

Pull Thermo Fisher Scientific Inc.'s industry peers, with any metrics you choose plus the industry median and average, in one call with the Business Quant Peers API. Swap YOUR_API_KEY for your own key.

https://data.businessquant.com/peers?ticker=TMO&cols=Revenue%20(Quarter),Net%20Income%20(Quarter)&api_key=YOUR_API_KEY