TORVANTA
Compare · data as of 2026-10-05

DHR vs TMO: Danaher vs Thermo Fisher

Danaher (DHR) and Thermo Fisher (TMO) on Torvanta's measures: DHR grades higher on 1 of the 4 factor families and TMO on 1.

DHRTMO
Value gradeD+D
Growth gradeC+C+
Profitability gradeCC
Momentum gradeC+A-
Market value$155.5B$250.2B
P/E (trailing)39.3x36.4x
Forward P/E (Torvanta estimate)35.6x34.2x
Revenue, last 12 months$25.1B$46.3B
Revenue growth (y/y)+5%+7%
Operating margin20.4%17.6%
Return on invested capital5.7%8.0%
Free-cash-flow yield3.5%2.9%
Total return, 1 year+3.7%+25.0%
Total return, 3 years+4.0%+37.2%

Full DHR analysis · Full TMO analysis

Frequently asked questions

Which is better, DHR or TMO?

Danaher (DHR) and Thermo Fisher (TMO) on Torvanta's measures: DHR grades higher on 1 of the 4 factor families and TMO on 1. Which fits an investor depends on their goals; this is research, not a recommendation. Subscribers see where the model ranks each and its expected return.

Which is cheaper, DHR or TMO?

On trailing earnings DHR trades at 39.3x and TMO at 36.4x; their value grades are D+ and D against their sectors.

See the model's view

Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

See plans Or get the free weekly newsletter

Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

All stock ratings · Stock lists · AI stock research · Model portfolio · Research · Disclaimer