Medical - Diagnostics & Research
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5 / 10Stock Comparison
DGX vs BIO vs TMO vs DHR vs A
Revenue, margins, valuation, and 5-year total return — side by side.
Medical - Devices
Medical - Diagnostics & Research
Medical - Diagnostics & Research
Medical - Diagnostics & Research
DGX vs BIO vs TMO vs DHR vs A — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | |||||
|---|---|---|---|---|---|
| Industry | Medical - Diagnostics & Research | Medical - Devices | Medical - Diagnostics & Research | Medical - Diagnostics & Research | Medical - Diagnostics & Research |
| Market Cap | $21.12B | $6.95B | $176.36B | $124.33B | $33.58B |
| Revenue (TTM) | $11.28B | $2.59B | $45.20B | $24.78B | $7.07B |
| Net Income (TTM) | $1.02B | $169M | $6.86B | $3.69B | $1.29B |
| Gross Margin | 33.2% | 51.9% | 39.4% | 60.7% | 38.8% |
| Operating Margin | 14.3% | 9.2% | 17.8% | 21.0% | 20.6% |
| Forward P/E | 17.4x | 27.4x | 18.7x | 20.3x | 19.4x |
| Total Debt | $6.92B | $1.53B | $40.85B | $18.42B | $3.35B |
| Cash & Equiv. | $420M | $532M | $9.86B | $4.62B | $1.79B |
DGX vs BIO vs TMO vs DHR vs A — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Quest Diagnostics I… (DGX) | 100 | 158.4 | +58.4% |
| Bio-Rad Laboratorie… (BIO) | 100 | 51.8 | -48.2% |
| Thermo Fisher Scien… (TMO) | 100 | 133.2 | +33.2% |
| Danaher Corporation (DHR) | 100 | 115.9 | +15.9% |
| Agilent Technologie… (A) | 100 | 131.2 | +31.2% |
Price return only. Dividends and distributions are not included.
Quick Verdict: DGX vs BIO vs TMO vs DHR vs A
Each card shows where this stock fits in a portfolio — not just who wins on paper.
DGX carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 15 yrs, beta 0.07, yield 1.6%
- Rev growth 11.8%, EPS growth 13.8%, 3Y rev CAGR 3.7%
- Beta 0.07, yield 1.6%, current ratio 1.04x
- 11.8% revenue growth vs BIO's 0.7%
BIO is the clearest fit if your priority is sleep-well-at-night.
- Lower volatility, beta 0.92, Low D/E 20.5%, current ratio 5.62x
TMO ranks third and is worth considering specifically for long-term compounding.
- 229.1% 10Y total return vs DGX's 181.3%
- +16.8% vs DHR's -8.3%
Among these 5 stocks, DHR doesn't own a clear edge in any measured category.
A is the #2 pick in this set and the best alternative if valuation efficiency is your priority.
- PEG 1.32 vs DHR's 33.47
- 18.3% margin vs BIO's 6.5%
- 10.1% ROA vs BIO's 2.2%, ROIC 13.5% vs 2.6%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 11.8% revenue growth vs BIO's 0.7% | |
| Value | Lower P/E (17.4x vs 20.3x) | |
| Quality / Margins | 18.3% margin vs BIO's 6.5% | |
| Stability / Safety | Beta 0.07 vs A's 1.23 | |
| Dividends | 1.6% yield, 15-year raise streak, vs TMO's 0.4%, (1 stock pays no dividend) | |
| Momentum (1Y) | +16.8% vs DHR's -8.3% | |
| Efficiency (ROA) | 10.1% ROA vs BIO's 2.2%, ROIC 13.5% vs 2.6% |
DGX vs BIO vs TMO vs DHR vs A — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
DGX vs BIO vs TMO vs DHR vs A — Financial Metrics
Side-by-side numbers across 5 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
DGX leads in 4 of 6 categories
DHR leads 1 • A leads 1 • BIO leads 0 • TMO leads 0
Explore the data ↓Income & Cash Flow (Last 12 Months)
DHR leads this category, winning 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
TMO is the larger business by revenue, generating $45.2B annually — 17.5x BIO's $2.6B. A is the more profitable business, keeping 18.3% of every revenue dollar as net income compared to BIO's 6.5%. On growth, DGX holds the edge at +9.2% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | |||||
|---|---|---|---|---|---|
| RevenueTrailing 12 months | $11.3B | $2.6B | $45.2B | $24.8B | $7.1B |
| EBITDAEarnings before interest/tax | $1.9B | -$315M | $10.5B | $7.2B | $1.7B |
| Net IncomeAfter-tax profit | $1.0B | $169M | $6.9B | $3.7B | $1.3B |
| Free Cash FlowCash after capex | $1.3B | $357M | $6.7B | $5.3B | $993M |
| Gross MarginGross profit ÷ Revenue | +33.2% | +51.9% | +39.4% | +60.7% | +38.8% |
| Operating MarginEBIT ÷ Revenue | +14.3% | +9.2% | +17.8% | +21.0% | +20.6% |
| Net MarginNet income ÷ Revenue | +9.1% | +6.5% | +15.2% | +14.9% | +18.3% |
| FCF MarginFCF ÷ Revenue | +11.8% | +13.8% | +14.9% | +21.4% | +14.1% |
| Rev. Growth (YoY)Latest quarter vs prior year | +9.2% | +1.1% | +6.2% | +3.7% | +7.0% |
| EPS Growth (YoY)Latest quarter vs prior year | +15.5% | -9.5% | +11.3% | +9.8% | -3.6% |
Valuation Metrics
DGX leads this category, winning 4 of 7 comparable metrics.
Valuation Metrics
At 9.2x trailing earnings, BIO trades at a 74% valuation discount to DHR's 34.9x P/E. Adjusting for growth (PEG ratio), A offers better value at 1.76x vs DHR's 33.47x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | |||||
|---|---|---|---|---|---|
| Market CapShares × price | $21.1B | $6.9B | $176.4B | $124.3B | $33.6B |
| Enterprise ValueMkt cap + debt − cash | $27.6B | $7.9B | $207.4B | $138.1B | $35.1B |
| Trailing P/EPrice ÷ TTM EPS | 21.81x | 9.23x | 26.75x | 34.85x | 25.96x |
| Forward P/EPrice ÷ next-FY EPS est. | 17.44x | 27.40x | 18.71x | 20.29x | 19.36x |
| PEG RatioP/E ÷ EPS growth rate | — | — | 12.67x | 33.47x | 1.76x |
| EV / EBITDAEnterprise value multiple | 12.71x | 16.70x | 19.04x | 18.21x | 19.89x |
| Price / SalesMarket cap ÷ Revenue | 1.91x | 2.69x | 3.96x | 5.06x | 4.83x |
| Price / BookPrice ÷ Book value/share | 2.96x | 0.94x | 3.34x | 2.38x | 5.00x |
| Price / FCFMarket cap ÷ FCF | 15.54x | 18.55x | 28.02x | 23.64x | 29.15x |
Profitability & Efficiency
A leads this category, winning 5 of 9 comparable metrics.
Profitability & Efficiency
A delivers a 18.7% return on equity — every $100 of shareholder capital generates $19 in annual profit, vs $2 for BIO. BIO carries lower financial leverage with a 0.21x debt-to-equity ratio, signaling a more conservative balance sheet compared to DGX's 0.95x. On the Piotroski fundamental quality scale (0–9), DGX scores 7/9 vs A's 5/9, reflecting strong financial health.
| Metric | |||||
|---|---|---|---|---|---|
| ROE (TTM)Return on equity | +13.8% | +2.4% | +13.2% | +7.1% | +18.7% |
| ROA (TTM)Return on assets | +6.3% | +2.2% | +6.4% | +4.5% | +10.1% |
| ROICReturn on invested capital | +8.8% | +2.6% | +7.5% | +5.9% | +13.5% |
| ROCEReturn on capital employed | +11.5% | +2.9% | +9.1% | +7.0% | +14.5% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 5 | 6 | 7 | 5 |
| Debt / EquityFinancial leverage | 0.95x | 0.21x | 0.76x | 0.35x | 0.50x |
| Net DebtTotal debt minus cash | $6.5B | $999M | $31.0B | $13.8B | $1.6B |
| Cash & Equiv.Liquid assets | $420M | $532M | $9.9B | $4.6B | $1.8B |
| Total DebtShort + long-term debt | $6.9B | $1.5B | $40.9B | $18.4B | $3.4B |
| Interest CoverageEBIT ÷ Interest expense | 6.26x | -2.49x | 5.89x | 18.13x | 19.53x |
Total Returns (Dividends Reinvested)
DGX leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in DGX five years ago would be worth $14,771 today (with dividends reinvested), compared to $4,232 for BIO. Over the past 12 months, TMO leads with a +16.8% total return vs DHR's -8.3%. The 3-year compound annual growth rate (CAGR) favors DGX at 14.1% vs BIO's -12.1% — a key indicator of consistent wealth creation.
| Metric | |||||
|---|---|---|---|---|---|
| YTD ReturnYear-to-date | +10.8% | -15.7% | -19.8% | -23.6% | -13.6% |
| 1-Year ReturnPast 12 months | +9.9% | +10.7% | +16.8% | -8.3% | +11.3% |
| 3-Year ReturnCumulative with dividends | +48.5% | -32.0% | -11.7% | -15.5% | -8.2% |
| 5-Year ReturnCumulative with dividends | +47.7% | -57.7% | +2.8% | -21.1% | -8.0% |
| 10-Year ReturnCumulative with dividends | +181.3% | +81.4% | +229.1% | +219.3% | +205.7% |
| CAGR (3Y)Annualised 3-year return | +14.1% | -12.1% | -4.0% | -5.5% | -2.8% |
Risk & Volatility
DGX leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
DGX is the less volatile stock with a 0.07 beta — it tends to amplify market swings less than A's 1.23 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. DGX currently trades 89.4% from its 52-week high vs DHR's 72.3% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | |||||
|---|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.05x | 0.91x | 1.07x | 0.89x | 1.21x |
| 52-Week HighHighest price in past year | $213.50 | $343.12 | $643.99 | $242.80 | $160.27 |
| 52-Week LowLowest price in past year | $164.65 | $211.43 | $385.46 | $172.06 | $104.79 |
| % of 52W HighCurrent price vs 52-week peak | +89.4% | +75.0% | +73.7% | +72.3% | +74.0% |
| RSI (14)Momentum oscillator 0–100 | 40.1 | 37.0 | 43.1 | 33.0 | 52.5 |
| Avg Volume (50D)Average daily shares traded | 841K | 306K | 1.9M | 4.2M | 2.0M |
Analyst Outlook
DGX leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: DGX as "Hold", BIO as "Buy", TMO as "Buy", DHR as "Buy", A as "Buy". Consensus price targets imply 40.6% upside for DHR (target: $247) vs 15.6% for DGX (target: $221). For income investors, DGX offers the higher dividend yield at 1.64% vs TMO's 0.36%.
| Metric | |||||
|---|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy | Buy | Buy | Buy |
| Price TargetConsensus 12-month target | $220.57 | $312.50 | $654.67 | $247.00 | $166.00 |
| # AnalystsCovering analysts | 34 | 14 | 42 | 42 | 38 |
| Dividend YieldAnnual dividend ÷ price | +1.6% | — | +0.4% | +0.7% | +0.8% |
| Dividend StreakConsecutive years of raises | 15 | — | 8 | 1 | 10 |
| Dividend / ShareAnnual DPS | $3.12 | — | $1.69 | $1.23 | $0.99 |
| Buyback YieldShare repurchases ÷ mkt cap | +2.1% | +4.3% | +1.7% | +2.5% | +1.3% |
DGX leads in 4 of 6 categories (Valuation Metrics, Total Returns). DHR leads in 1 (Income & Cash Flow).
DGX vs BIO vs TMO vs DHR vs A: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is DGX or BIO or TMO or DHR or A a better buy right now?
For growth investors, Quest Diagnostics Incorporated (DGX) is the stronger pick with 11.
8% revenue growth year-over-year, versus 0. 7% for Bio-Rad Laboratories, Inc. (BIO). Bio-Rad Laboratories, Inc. (BIO) offers the better valuation at 9. 2x trailing P/E (27. 4x forward), making it the more compelling value choice. Analysts rate Bio-Rad Laboratories, Inc. (BIO) a "Buy" — based on 14 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — DGX or BIO or TMO or DHR or A?
On trailing P/E, Bio-Rad Laboratories, Inc.
(BIO) is the cheapest at 9. 2x versus Danaher Corporation at 34. 9x. On forward P/E, Quest Diagnostics Incorporated is actually cheaper at 17. 4x — notably different from the trailing picture, reflecting expected earnings growth. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Agilent Technologies, Inc. wins at 1. 32x versus Danaher Corporation's 33. 47x — a reasonable growth-adjusted valuation.
03Which is the better long-term investment — DGX or BIO or TMO or DHR or A?
Over the past 5 years, Quest Diagnostics Incorporated (DGX) delivered a total return of +47.
7%, compared to -57. 7% for Bio-Rad Laboratories, Inc. (BIO). Over 10 years, the gap is even starker: TMO returned +222. 6% versus BIO's +79. 3%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — DGX or BIO or TMO or DHR or A?
By beta (market sensitivity over 5 years), Quest Diagnostics Incorporated (DGX) is the lower-risk stock at 0.
05β versus Agilent Technologies, Inc. 's 1. 21β — meaning A is approximately 2442% more volatile than DGX relative to the S&P 500. On balance sheet safety, Bio-Rad Laboratories, Inc. (BIO) carries a lower debt/equity ratio of 21% versus 95% for Quest Diagnostics Incorporated — giving it more financial flexibility in a downturn.
05Which is growing faster — DGX or BIO or TMO or DHR or A?
By revenue growth (latest reported year), Quest Diagnostics Incorporated (DGX) is pulling ahead at 11.
8% versus 0. 7% for Bio-Rad Laboratories, Inc. (BIO). On earnings-per-share growth, the picture is similar: Bio-Rad Laboratories, Inc. grew EPS 142. 6% year-over-year, compared to -4. 7% for Danaher Corporation. Over a 3-year CAGR, DGX leads at 3. 7% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — DGX or BIO or TMO or DHR or A?
Bio-Rad Laboratories, Inc.
(BIO) is the more profitable company, earning 29. 4% net margin versus 9. 0% for Quest Diagnostics Incorporated — meaning it keeps 29. 4% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: A leads at 21. 3% versus 10. 5% for BIO. At the gross margin level — before operating expenses — DHR leads at 60. 9%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is DGX or BIO or TMO or DHR or A more undervalued right now?
The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.
By this metric, Agilent Technologies, Inc. (A) is the more undervalued stock at a PEG of 1. 32x versus Danaher Corporation's 33. 47x. A PEG below 1. 5 suggests fair-to-attractive pricing relative to expected growth. On forward earnings alone, Quest Diagnostics Incorporated (DGX) trades at 17. 4x forward P/E versus 27. 4x for Bio-Rad Laboratories, Inc. — 10. 0x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for DHR: 40. 6% to $247. 00.
08Which pays a better dividend — DGX or BIO or TMO or DHR or A?
In this comparison, DGX (1.
6% yield), A (0. 8% yield), DHR (0. 7% yield), TMO (0. 4% yield) pay a dividend. BIO does not pay a meaningful dividend and should not be held primarily for income.
09Is DGX or BIO or TMO or DHR or A better for a retirement portfolio?
For long-horizon retirement investors, Quest Diagnostics Incorporated (DGX) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
05), 1. 6% yield, +176. 8% 10Y return). Both have compounded well over 10 years (DGX: +176. 8%, TMO: +222. 6%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between DGX and BIO and TMO and DHR and A?
Both stocks operate in the Healthcare sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: DGX is a mid-cap quality compounder stock; BIO is a small-cap deep-value stock; TMO is a mid-cap quality compounder stock; DHR is a mid-cap quality compounder stock; A is a mid-cap quality compounder stock. DGX, DHR, A pay a dividend while BIO, TMO do not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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