Danaher Corporation vs Thermo Fisher Scientific Inc.

Full side-by-side comparison — 2026

Data as of Aug 24, 2026 · Updated automatically

10
DHR Wins
0
Tie
9
TMO Wins

DHR

Price USD 215.42
P/E Ratio 37.4x
Div Yield 0.0066%
Beta 0.80
Sector Health Care

TMO

Price USD 626.56
P/E Ratio 33.9x
Div Yield 0.0029%
Beta 0.85
Sector Health Care

Price Overview

Metric DHR TMO
Current Price 215.42 626.56
Previous Close 215.11 628.74

Valuation

Metric DHR TMO
Trailing P/E 37.35 33.90
Forward P/E 22.53 22.87
Price / Book 2.80 4.42
Price / Sales 5.87 5.02
EV / EBITDA 20.41 23.11

Dividends & Income

Metric DHR TMO
Dividend Yield 0.0066% 0.0029%
Dividend Rate (Annual) 1.44 1.80
5-Year Avg Yield 0.38% 0.23%
Payout Ratio 0.2408% 0.0949%

Risk & Financial Health

Metric DHR TMO
Beta (Volatility) 0.80 0.85
Debt / Equity 52.97 80.58
Quick Ratio 1.15 1.01
Current Ratio 1.65 1.55

Growth & Profitability

Metric DHR TMO
Revenue Growth 0.0550% 0.1050%
Earnings Growth 0.5970% 0.0940%
Return on Equity 0.0761% 0.1352%
Revenue / Share 35.47 123.89
Trailing EPS 5.61 18.56
Forward EPS 9.30 27.51

Analyst Targets

Metric DHR TMO
Analyst Mean Target 227.96 631.42
Analyst High Target 310.00 750.00
Analyst Low Target 195.00 520.00

Bottom Line: DHR vs TMO

Danaher Corporation (DHR) leads on 10 of 19 comparable metrics.

Danaher Corporation is the stronger pick for income investors, while Thermo Fisher Scientific Inc. may appeal to growth investors.

Danaher Corporation has a higher Earnings Growth (59.70% vs 9.40%), which indicates profits are growing more quickly
Thermo Fisher Scientific Inc. has a higher Revenue / Share (123.89 vs 35.47), which means more revenue attributable to each share
Thermo Fisher Scientific Inc. has a higher Trailing EPS (18.56 vs 5.61), which means higher earnings per share over the last 12 months

This comparison is based on publicly available financial data and is for informational purposes only. It is not investment advice. Past performance does not guarantee future results.

DHR Danaher Corporation

Best for Income Investors
• Higher Dividend Yield: 0.66%
• Higher 5-Year Avg Yield: 0.38%
Best for Conservative Investors
• Lower Beta (Volatility): 0.80
• Lower Debt / Equity: 52.97
• Higher Quick Ratio: 1.15

TMO Thermo Fisher Scientific Inc.

Best for Growth Investors
• Higher Revenue Growth: 10.50%
• Higher Return on Equity: 13.51%
• Higher Forward EPS: 27.51

Analyst Upside / Downside

DHR
+5.8%
TMO
+0.8%

Based on analyst mean price targets. Estimates are not guaranteed and may not reflect future performance.

About These Companies

Danaher Corporation (DHR)

Health Care · United States · NYQ

Danaher Corporation designs, manufactures, and markets professional, medical, research, and industrial products and services in the United States, China, and internationally. The company operates through Biotechnology, Life Sciences, and Diagnostics segments. The Biotechnology segment provides technologies, consumables, services, and solutions that advance, accelerate, and integrate the development and manufacture of therapeutics; cell line and cell culture media development services; cell culture media, process liquids and buffers for manufacturing, chromatography resins, filtration technologies, and aseptic fill finish; single-use hardware, consumables, and …

View DHR details →

Thermo Fisher Scientific Inc. (TMO)

Health Care · United States · NYQ

Thermo Fisher Scientific Inc. provides life sciences solutions, analytical instruments, specialty diagnostics, and laboratory products and biopharma services internationally. It operates through four segments: Life Sciences Solutions, Analytical Instruments, Specialty Diagnostics, and Laboratory Products and Biopharma Services. The Life Sciences Solutions segment includes reagents, instruments, and consumables for biological and medical research; discovery and production of drugs and vaccines; and diagnosis of infections and diseases. Its Analytical Instruments segment provides instruments, consumables, software, and services for pharmaceutical, biotechnology, academic, government, …

View TMO details →

Frequently Asked Questions

Which has a better dividend yield, DHR or TMO?
Danaher Corporation currently has the higher dividend yield. Danaher Corporation (DHR) yields 0.66% while Thermo Fisher Scientific Inc. (TMO) yields 0.29%. Past dividends do not guarantee future payments.
Which is more volatile, DHR or TMO?
Thermo Fisher Scientific Inc. is more volatile based on beta. Danaher Corporation has a beta of 0.80 and Thermo Fisher Scientific Inc. has a beta of 0.85. A beta above 1.0 means higher volatility than the overall market.
Which is cheaper by P/E ratio, DHR or TMO?
Thermo Fisher Scientific Inc. has the lower trailing P/E ratio. Danaher Corporation trades at 37.4x earnings while Thermo Fisher Scientific Inc. trades at 33.9x. A lower P/E may suggest better relative value, but could also reflect lower growth expectations.
Which has more analyst upside, DHR or TMO?
Based on mean analyst price targets, Danaher Corporation has more upside potential. Danaher Corporation has +5.8% upside and Thermo Fisher Scientific Inc. has +0.8% upside from current prices. Analyst estimates are not guaranteed.
Can I track both DHR and TMO in one portfolio?
Yes. AllInvestView lets you add both Danaher Corporation and Thermo Fisher Scientific Inc. to the same portfolio and monitor price changes, dividends, total return, and allocation — completely free.

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