Competition & Peer Data API & CSV Delivery

Thermo Fisher Scientific Inc's Competitiveness

A competitive positioning analysis and financial ratio benchmarking of Thermo Fisher Scientific Inc (TMO) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.

Peer Data As of Q2 2026
Competitors Tracked
108
Publicly traded peers
Peer Group Market Share
5.34 %
vs 5.26 % a year ago
Revenue Growth Y/Y
10.49 %
Peers: 8.72 %
Net Margin
14.52 %
Peers: 21.98 %

Key Findings: Thermo Fisher Scientific Inc vs Its Competitors

  • TTM: Trailing 12-month revenue of 46,336M vs 808,976M combined for tracked competitors (5.4% combined share).
  • Trending: Latest-quarter revenue run-rate is accelerating (+3.5% annualized vs trailing 12 months), vs accelerating (+5.2%) for its tracked peer group.
  • Growth: Thermo Fisher Scientific Inc generated 10.5% revenue growth year over year in Q2 2026, vs 8.7% for its tracked competitors combined.
  • Profitability: Its 14.5% net margin compares with 22.0% for the peer group.
  • Scale: Thermo Fisher Scientific Inc ranks #1 of 21 companies by market capitalization in the Scientific & Technical Instruments industry, holding 38.3% of industry market cap.
  • Peer revenue share: Thermo Fisher Scientific Inc accounted for 5.3% of combined revenue among its tracked peer group, up from 5.3% a year earlier.
  • Peer differentiation: Revenue per employee of $0.37M compares with $0.74M for the peer group (0.5x).

Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).

TMO Sales vs. its Competitors, Q2 2026

Thermo Fisher Scientific Inc reported revenue growth of 10.49 % year on year in Q2 2026, above its competitors' combined revenue growth of 8.72 %.

With a net margin of 14.52 %, Thermo Fisher Scientific Inc reported lower profitability than its competitors (21.98 %).

Thermo Fisher Scientific Inc generated 5.34 % of the combined sales of its peer group, up from 5.26 % a year earlier.

API endpoints for this dataset
https://api.csimarket.com/api/v1/companies/TMO/competitors
https://api.csimarket.com/api/v1/companies/TMO/relationships
https://api.csimarket.com/api/v1/companies/TMO/similar
Programmatic access for models, analytics, and integration workflows.

Thermo Fisher Scientific Inc vs. its Competitors, Q2 2026

Revenue growth, year on year

Thermo Fisher Scientific Inc +10.5 %
Competitors combined +8.7 %

Net income growth, year on year

Thermo Fisher Scientific Inc +7.6 %
Competitors combined +78.6 %

Net margin

Thermo Fisher Scientific Inc +14.5 %
Competitors combined +22.0 %

Revenue run-rate vs trailing 12 months

Thermo Fisher Scientific Inc +3.5 %
Competitors combined +5.2 %

TTM net margin

Thermo Fisher Scientific Inc +15.1 %
Competitors combined +18.2 %

TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.

Competitor Financial Benchmarking - TTM Commercial

TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Thermo Fisher Scientific Inc and its 4 competitor groupings. Available under Commercial License.

Entity TTM Revenue Latest Q ×4 Rev Run-rate vs TTM TTM Net Income TTM Net Margin
Thermo Fisher Scientific Inc $12,345M $12,345M +12.3% · Accelerating $1,234M 12.3%
Competitors combined $12,345M $12,345M +12.3% · Accelerating $1,234M 12.3%
High-Confidence Competitors (22) $12,345M $12,345M +12.3% · Accelerating $1,234M 12.3%
Similar-Size Competitors (4) $12,345M $12,345M +12.3% · Accelerating $1,234M 12.3%
Similar Growth & Profitability (6) $12,345M $12,345M +12.3% · Accelerating $1,234M 12.3%
Competitor Financial Benchmarking

TTM revenue, run-rate and net margin benchmarking across Thermo Fisher Scientific Inc's competitor groups requires a Commercial License.

For context: the Scientific & Technical Instruments industry grew revenue 12.8% year over year, combined, vs 10.5% for Thermo Fisher Scientific Inc. Thermo Fisher Scientific Inc's share of combined industry revenue moved from 49.34% to 48.34%, a loss of 1.01 percentage points.

Thermo Fisher Scientific Inc's Competitor Quality Breadth

Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).

Entity Profitable Expanding Above Industry Growth Distressed
Thermo Fisher Scientific Inc Yes Yes No Yes
Competitors combined (108) 59% 69% 44% 29%
High-Confidence Competitors (28) 40% 69% 54% 33%
Similar-Size Competitors (5) 75% 100% 100% 40%
Similar Growth & Profitability (8) 87.50 % (7 of 8) 100.00 % (8 of 8) 50.00 % (4 of 8) 12.50 % (1 of 8)

Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.

Market Share of the Peer Group, Q2 2026

5.3%market share
  • Thermo Fisher Scientific Inc5.3%
  • Competitors combined94.7%

Share of combined quarterly revenue of Thermo Fisher Scientific Inc and its 108 tracked competitors.

See Thermo Fisher Scientific Inc's full market share breakdown »

TMO Stock Performance relative to its Competitors

TMO Competitors (weighted) Percent change over the selected range

Thermo Fisher Scientific Inc's Share Price Performance vs Peer Groups

Trailing 12-month total share price return, and the share of each group that outperformed the U.S.A. 500 over the same period. Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC.
56.7%beat U.S.A. 500
Competitors Combined
(55 of 97)
58.3%beat U.S.A. 500
High-Confidence
(14 of 24)
80%beat U.S.A. 500
Similar-Size
(4 of 5)
37.5%beat U.S.A. 500
Similar Growth & Profitability
(3 of 8)
Entity TTM Share Price Return
(group: median)
vs U.S.A. 500
Thermo Fisher Scientific Inc 46.50 % Outperformed
Competitors combined (97) 40.4% 63.2%
High-Confidence Competitors (24) 40.4% 63.2%
Similar-Size Competitors (5) 40.4% 63.2%
Similar Growth & Profitability (8) 40.4% 63.2%
Peer Group Share Price Returns

TTM share price return and U.S.A. 500 outperformance for Thermo Fisher Scientific Inc's competitor groups requires a Commercial License.

Source: CSIMarket API (daily market-structure computation). Outperformance is trailing-12-month total return vs the U.S.A. 500 over the same window, not risk-adjusted.

TMO Stock Performance relative to High-Confidence Competitors

TMO High-Confidence Competitors (equal-weighted, 29) Percent change over the selected range

TMO Stock Performance relative to Similar-Size Competitors

TMO Similar-Size Competitors (equal-weighted, 5) Percent change over the selected range

TMO Stock Performance relative to Similar Growth & Profitability Competitors

TMO Similar Growth & Profitability Competitors (equal-weighted, 8) Percent change over the selected range

5 Best-Performing Tracked Competitors, Trailing 12 Months

#CompetitorTTM Share Price Returnvs U.S.A. 500
1 10x Genomics Inc 282.9% Outperformed
2 Twist Bioscience Corporation 282.9% Outperformed
3 Ase Technology Holding Co Ltd 282.9% Outperformed
4 Skywater Technology Inc 282.9% Outperformed
5 Formfactor inc 282.9% Outperformed
Best-Performing Competitor Returns

TTM share price return and U.S.A. 500 outperformance for Thermo Fisher Scientific Inc's best-performing tracked competitors requires a Commercial License.

Source: CSIMarket API, trailing 12 months.

Thermo Fisher Scientific Inc's Comment on Competition and Industry Peers

The company operates in industries marked by rapid technological change and frequent new product introductions. Key competitive factors include technological innovation, adoption of emerging technologies such as AI, pricing, service and delivery, product line breadth, customer support, and e-business capabilities. Competitors may respond more quickly to new technologies and customer requirements, potentially gaining cost or quality advantages. The company also competes directly with certain larger customers and product suppliers, which may impact operations if these relationships change. Additionally, the company manufactures products that compete with those sourced from third-party suppliers and procures competitive products from multiple suppliers. Intellectual property challenges and risks related to AI integration are also identified as competitive risks. THERMO FISHER SCIENTIFIC INC. is named as a competitor in company filings.

Publicly Traded Peers of Thermo Fisher Scientific Inc

Revenue and income for trailing 12 months, in millions of $, except employees
Company Market Cap Revenues Income Employees
Thermo Fisher Scientific Inc 251,760.60 46,336.00 6,989.00 125,000
Taiwan Semiconductor Manufacturing Company Limited 2,348,690.03 121,423.20 54,036.50 70,871
Johnson and Johnson 663,585.20 97,929.00 21,037.00 140,800
Abbott Laboratories 176,419.43 45,134.00 6,276.00 115,000
Danaher Corporation 160,858.71 25,107.00 4,004.00 60,000
Intuitive Surgical Inc 148,204.47 11,296.30 3,157.90 17,021
SUBTOTAL 5,207,294.43 1,583,212.18 227,182.18 2,205,848
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Sources: Thermo Fisher Scientific Inc's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Thermo Fisher Scientific Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.

Thermo Fisher Scientific Inc's Competitors Named by the Company

Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.
Competitor Basis Confidence Active Sources
Agilent Technologies inc Named by the company 85% 2022 to 2026 3
Guardant Health Inc Named by the company 85% 2022 to 2026 3
Medpace Holdings Inc Named by the company 85% 2022 to 2026 3
Atlantic International Corp Named by the company 85% 2022 to 2026 3
Cytek Biosciences Inc Named by the company 85% 2022 to 2026 3
Ingersoll Rand Inc Named by the company 85% 2022 to 2026 3
Quanterix Corporation Named by the company 85% 2022 to 2026 3
Twist Bioscience Corporation Named by the company 85% 2022 to 2026 3
Azenta Inc Named by the company 85% 2022 to 2026 3
Quidelortho Corp Named by the company 85% 2022 to 2026 3
Telesis Bio Inc Named by the company 85% 2022 to 2026 3
Auburn National Bancorporation Inc Named by the company 85% 2022 to 2026 3
Emergent Biosolutions Inc Named by the company 85% 2022 to 2026 3
908 Devices inc Named by the company 85% 2022 to 2026 3
Singular Genomics Systems Inc Named by the company 85% 2022 to 2026 3
Sophia Genetics Sa Named by the company 85% 2022 to 2026 3
Volitionrx Limited Named by the company 85% 2022 to 2026 3
Caredx Inc Named by the company 85% 2022 to 2026 3
Iqvia Holdings Inc Named by the company 85% 2022 to 2026 3
Maxcyte inc Named by the company 85% 2022 to 2026 3
Quantum si Incorporated Named by the company 85% 2022 to 2026 3
Bio techne Corp Named by the company 85% 2022 to 2026 3
Accelerate Diagnostics Inc Named by the company 85% 2022 to 2026 3
Palisade Bio Inc Named by the company 85% 2022 to 2026 3
SQL Named by the company 85% 2022 to 2026 3
Waters Corporation Named by the company 85% 2022 to 2026 3
Nautilus Biotechnology Inc Named by the company 85% 2022 to 2026 3
Icon Plc Named by the company 85% 2022 to 2026 3
Mirion Technologies Inc Named by the company 85% 2022 to 2026 3
Bio rad Laboratories Inc Named by the company 85% 2022 to 2026 3
Us Nuclear Corp Named by the company 85% 2022 to 2026 3
Harvard Bioscience Inc Named by the company 85% 2022 to 2026 3
Veracyte Inc Named by the company 85% 2022 to 2026 3
Cue Health Inc Named by the company 85% 2022 to 2026 3
Competitor Evidence Detail

Filing basis, confidence, active dates and source counts for Thermo Fisher Scientific Inc's named competitors require a Commercial License.

Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.

Thermo Fisher Scientific Inc's Business Segment Mix vs Peers

Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).
Company Largest Segment 2nd Segment 3rd Segment
Thermo Fisher Scientific Inc Clinical Research 19.98 % Research and Safety Market Channel 16.98 % Pharma Services 15.78 %
Johnson and Johnson Oncology 29.26 % Immunology 15.19 % Surgery 10.48 %
Abbott Laboratories Diabetes Care 17.78 % Core Laboratory 12.19 % Adult Nutritionals 10.39 %
Danaher Corporation Diagnostics 39.36 % Biotechnology 30.65 % Life Sciences 29.99 %
Corning Inc Optical Communications 40.55 % Glass Innovations 37.36 % Automotive 11.91 %
Johnson Controls International Plc Americas 66.79 % EMEA 21.03 % APAC 12.18 %

Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).

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Thermo Fisher Scientific Inc's Productivity vs Peers Comparison

Revenue and income per employee, trailing 12 months, in $; market cap in millions of $
CompanyMarket CapRevenue / EmployeeIncome / Employee
Thermo Fisher Scientific Inc 251,761 370,688 55,912
Taiwan Semiconductor Manufacturing Company Limited 2,348,690 1,713,299 762,463
Johnson and Johnson 663,585 695,518 149,411
Abbott Laboratories 176,419 392,470 54,574
Danaher Corporation 160,859 418,450 66,733
Intuitive Surgical Inc 148,204 663,668 185,530
PEERS TOTAL 4,955,534 738,582 105,819
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Thermo Fisher Scientific Inc's Geographic Revenue Exposure vs Peers

Revenue by country/region as reported in each company's most recent filing. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.
Company Largest Market 2nd Market 3rd Market
Thermo Fisher Scientific Inc North America 51.27 % Europe 27.61 % Asia Pacific 17.54 %
Johnson and Johnson United States 57.42 % Europe 22.62 % Asia-Pacific, Africa 14.78 %
Abbott Laboratories Non-US 61.62 % - -
Danaher Corporation North America 39.49 % High-growth markets 31.25 % Western Europe 24.58 %
Intuitive Surgical Inc Geographic Distribution, Foreign 30.41 % - -
3m Company Americas 54.09 % Asia Pacific 28.77 % EMEA 17.14 %

Source: revenue geography as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.

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Thermo Fisher Scientific Inc's Position in Industry Market Structure

Market-capitalization share and concentration across all 20 companies in Thermo Fisher Scientific Inc's industry classification, broader than the peer set above. Market cap in millions of $.

Thermo Fisher Scientific Inc ranks #1 of 20 companies by market capitalization in its industry, holding 38.32 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 3,051, indicating a highly concentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).

Rank Company Market Cap Industry Share
1 Thermo Fisher Scientific Inc 251,761 38.32 %
2 Kla Corporation 249,635 38.00 %
3 Coherent Corp 55,187 8.40 %
4 Rockwell Automation Inc 48,124 7.33 %
5 Onto Innovation Inc 1,234 5.2%
6 Trimble Inc 1,234 5.2%
7 Nova Ltd 1,234 5.2%
8 Camtek Ltd 1,234 5.2%
9 Mirion Technologies Inc 1,234 5.2%
10 908 Devices inc 1,234 5.2%
Full Industry Market Structure

Market cap and industry share for the rest of Thermo Fisher Scientific Inc's industry peers requires a Commercial License.

Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-09-28.

Thermo Fisher Scientific Inc's Same-Size Peers & Stock Performance

Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.
Rank Company Market Cap TTM Return 3M Momentum Beta Sharpe (1Y)
1 Thermo Fisher Scientific Inc 251,761 46.48 % 28.51 % 0.77 1.29
2 Kla Corporation 249,635 76.69 % -20.89 % 2.08 1.06
3 Coherent Corp 1,234 12.3% 4.5% 1.10 0.80
4 Rockwell Automation Inc 1,234 12.3% 4.5% 1.10 0.80
5 Onto Innovation Inc 1,234 12.3% 4.5% 1.10 0.80
6 Trimble Inc 1,234 12.3% 4.5% 1.10 0.80
Full Same-Size Peer Performance

Market cap, return, momentum, beta and Sharpe ratio for the rest of Thermo Fisher Scientific Inc's same-size peers requires a Commercial License.

Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-09-28. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.

Thermo Fisher Scientific Inc's Profitability & Cost Structure

Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Scientific & Technical Instruments industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (31 companies).
Metric Company Industry Difference
Gross Margin - 44.10 % (avg) -
Operating Margin 17.58 % industry median +22.1 pp
EBITDA Margin 22.83 % 5.11 % (avg) +17.7 pp
Capital Intensity (Capex / Revenue) 3.66 % 3.13 % (avg) +0.5 pp

Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.

Thermo Fisher Scientific Inc's Valuation vs Competitive Position

Valuation multiples vs the Scientific & Technical Instruments industry average (31 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns.
Metric Company Industry Average Difference
P/E 26.6x 54.1x -27.5x
EV / EBITDA 20.7x 26.7x -5.9x
P/B 3.5x 5.0x -1.5x
Return on Equity 13.37 % industry aggregate -4.30 %
Return on Invested Capital 5.70 % -1.73 % (avg) 7.43 %

Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.

Thermo Fisher Scientific Inc's Multi-Year Financial Trajectory

Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.
Metric 20182019202020212022202320242025
Revenue Growth 16.45 %4.86 %26.14 %21.71 %14.55 %-4.58 %0.05 %3.91 %
Operating Margin 15.53 %17.99 %24.19 %25.57 %18.69 %16.00 %17.11 %17.38 %
Return on Invested Capital 4.95 %5.77 %8.90 %9.58 %7.05 %5.75 %5.81 %5.73 %
P/E 32.5x34.7x30.1x32.2x31.2x32.8x32.7x33.2x

Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.

Thermo Fisher Scientific Inc's Strategic Group Map

Every company in Thermo Fisher Scientific Inc's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. Thermo Fisher Scientific Inc is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.

Revenue Growth (TTM, %)Operating Margin (%)IEXDHRTRMBSTEIRThermo Fisher Scientific IncABTXYLDGX

Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.

Thermo Fisher Scientific Inc's BCG Growth-Share Matrix

Relative market share (vs Thermo Fisher Scientific Inc's largest competitor by market cap) against industry revenue growth, using the standard textbook thresholds (1.0x share, 10% growth) a common framework, not a precision instrument.

Question Mark Star Dog Cash Cow Relative Market Share (vs largest competitor) Industry Revenue Growth (%) Thermo Fisher Scientific Inc

Thermo Fisher Scientific Inc falls in the Cash Cow quadrant: relative market share of 1.01x vs its largest competitor, in an industry growing revenue 7.7% (median, trailing 12 months).

Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.

Thermo Fisher Scientific Inc's Competitive Forces (Porter's Five Forces)

Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.
Force Assessment Basis
Competitive Rivalry Low Industry HHI of 3,051 (see Industry Market Structure & Concentration above)
Barriers to Entry High (capital intensive) Capital intensity (capex / revenue) of 3.66 % vs industry average 3.13 % (see Profitability & Cost Structure above)
Supplier Power Not covered on this page See Thermo Fisher Scientific Inc's dedicated suppliers page for concentration and dependency data
Buyer Power Not covered on this page See Thermo Fisher Scientific Inc's dedicated customers page for concentration and dependency data
Threat of Substitutes - No systematic data source for cross-product substitution exists in this system; not estimated

Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.

Thermo Fisher Scientific Inc's Industry Attractiveness & Competitive Strength

A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.

High Strength
Medium Strength
Low Strength
High Attractiveness
Invest / Grow
Invest / Grow
Selective
Medium Attractiveness
Invest / Grow
Selective Thermo Fisher Scientific Inc
Harvest
Low Attractiveness
Selective
Harvest
Harvest / Divest

Thermo Fisher Scientific Inc falls in the Medium attractiveness / Medium strength cell: Selective.

Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.

Thermo Fisher Scientific Inc's SWOT

Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.

Strengths

  • Market leader by capitalization in its industry (#1 of 20, 38.32 % share).
  • Operating margin 22.1 points above the industry median.
  • Latest-quarter revenue run-rate is accelerating (+3.5% annualized vs trailing 12 months).
  • Outperforming the U.S.A. 500 over the trailing 12 months.

Weaknesses

  • Piotroski F-Score of 2 or below, the standard financial-distress signal.

Opportunities

  • Trades at a lower P/E than the industry average (26.6x vs 54.1x) despite a higher return on invested capital -- a possible re-rating opportunity.

Threats

  • Losing revenue share to the broader industry (-1.0 points over the past year).
  • High capital intensity requires continuous reinvestment just to keep pace with the industry.

Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.

Thermo Fisher Scientific Inc's Financial Strength vs Peers Comparison

Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months
CompanyQuick RatioWorking CapitalDebt / EquityAsset Turnover
Thermo Fisher Scientific Inc 0.32 1.62 0.78 0.42
Taiwan Semiconductor Manufacturing Company Limited 1.82 2.51 0.02 0.48
Johnson and Johnson 0.37 1.05 0.60 0.49
Abbott Laboratories 0.47 1.60 0.35 0.49
Danaher Corporation - 1.73 0.40 0.30
Intuitive Surgical Inc 1.43 4.80 - 0.56
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.

Thermo Fisher Scientific Inc's Revenue and Income Growth vs Peers

Quarterly revenue and net income growth, year over year and quarter over quarter
CompanyPeriodRevenue Y/YRevenue Q/QIncome Y/YIncome Q/Q
Thermo Fisher Scientific Inc Q2 2026+10.5 %+9.0 %+7.6 %+5.1 %
Taiwan Semiconductor Manufacturing Company LimitedQ4 2025+37.6 %+37.6 %+53.1 %+53.1 %
Johnson and JohnsonQ2 2026+6.6 %+5.2 %-0.1 %+5.7 %
Abbott LaboratoriesQ1 2026+7.8 %-2.6 %-18.7 %-39.4 %
Danaher CorporationQ2 2026+5.5 %+5.3 %+56.8 %-15.5 %
Intuitive Surgical Inc Q2 2026+29.3 %+13.8 %+23.9 %-0.3 %
PEERS TOTAL+15.1 %+10.6 %+67.9 %+72.5 %
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.

Thermo Fisher Scientific Inc's Peers' Costs of Sales and Capital Expenditures

Context for revenue growth: peer costs and capex, year over year and quarter over quarter
CompanyPeriodCosts Y/YCosts Q/QCapex Y/YCapex Q/Q
Thermo Fisher Scientific Inc Q2 2026+142.5 %+140.8 %+53.1 %+19.7 %
Taiwan Semiconductor Manufacturing Company LimitedQ4 2025+25.7 %+25.7 %+39.1 %+39.1 %
Johnson and JohnsonQ2 2026+5.5 %-0.7 %+26.7 %+25.9 %
Abbott LaboratoriesQ1 2026+9.4 %-0.7 %-17.6 %-42.1 %
Danaher CorporationQ2 2026+10.0 %+12.5 %+8.5 %+13.5 %
Intuitive Surgical Inc Q2 2026+13.4 %-0.9 %-27.5 %+9.0 %
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Thermo Fisher Scientific Inc's Returns and Turnover vs Peers

ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover
CompanyROAROIROEReceivables TurnoverInventory Turnover
Thermo Fisher Scientific Inc 6.36%7.71%13.37%5.083.26
Taiwan Semiconductor Manufacturing Company Limited21.37%26.29%31.41%13.65-
Johnson and Johnson10.60%13.30%25.74%5.472.17
Abbott Laboratories6.87%8.15%12.09%5.602.91
Danaher Corporation4.72%5.44%7.66%6.503.78
Intuitive Surgical Inc 15.63%17.11%17.82%7.461.94
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).

Thermo Fisher Scientific Inc's Valuation vs Peers

P/E, price to sales, PEG, price to cash flow and price to book
CompanyP/EPrice / SalesPEGP/CFPrice / Book
Thermo Fisher Scientific Inc 36.525.432.95-4.78
Taiwan Semiconductor Manufacturing Company Limited84.6519.34-34.6313.65
Johnson and Johnson31.486.78-359.677.81
Abbott Laboratories28.133.91-650.993.35
Danaher Corporation40.456.414.56115.643.06
Intuitive Surgical Inc 47.6213.121.70-8.10
PEERS AVERAGE22.923.29266.953.47
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.