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Price / earnings at other companies

Becton, Dickinson and Company logo
Becton, Dickinson and CompanyBDX
39.3×-4.6×
GLW
CorningGLW
64.5×-21.9×
Danaher logo
DanaherDHR
36.4×-2.6×
Idexx Laboratories logo
Idexx LaboratoriesIDXX
40.7×+2.7×
WAT
Waters CorporationWAT
65×+31.7×
Mettler-Toledo International, Inc. logo
Mettler-Toledo International, Inc.MTD
29.2×+0.2×

Other financials

Income statement

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Revenue$11.0B+6.2%
Operating income$1.9B+8.6%
Net income$1.7B+9.6%
EPS (diluted)$4.43+11.3%

Balance sheet

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Cash & equivalents$3.3B-21.4%
Total debt$43.2B+16.6%
Total equity$51.9B+5.1%
Total assets$113.28B+14.4%

Cash flow

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Operating cash flow$1.2B+64.9%
CapEx$376.0M+3.9%
Free cash flow$816.0M+126%

Valuation

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Market cap$171.57B-2.7%
Enterprise value$211.45B+0.9%
P/S-0.8×

Profitability

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Gross margin58.3%
Operating margin17.2%+0.8pp
Net margin15.2%+1.0pp

Returns & leverage

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Return on equity13.5%-0.2pp
Debt / equity0.8×+0.1×
Current ratio1.5×-0.2×

Where this comes from

Calculated from Thermo Fisher Scientific’s reported figures.

Based on the most recent quarter.

The official record: Thermo Fisher Scientific’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Thermo Fisher Scientific's price / earnings?
Thermo Fisher Scientific (TMO) reported price / earnings of 26.7× in Q1 2026.
How has Thermo Fisher Scientific's price / earnings changed year-over-year?
Thermo Fisher Scientific's price / earnings decreased by 7.5% year-over-year, from 28.8× to 26.7×.
What is the long-term trend for Thermo Fisher Scientific's price / earnings?
Over 4 years (2021 to 2025), Thermo Fisher Scientific's price / earnings has grown at a 1.4% compound annual growth rate (CAGR), from 106.1× to 112.3×.
What does price / earnings mean?
How many dollars investors pay for each dollar of the company's annual profit.
How do you interpret price / earnings?
Lower can mean cheaper — or that the market expects earnings to fall. High multiples embed growth expectations. Meaningless when earnings are negative, so it is suppressed there.
How does price / earnings compare across companies?
Compare against the company's own history and sector peers, not across sectors with different growth and risk profiles.