Medical - Diagnostics & Research
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DHR vs ABT vs TMO vs BDX
Revenue, margins, valuation, and 5-year total return — side by side.
Medical - Devices
Medical - Diagnostics & Research
Medical - Instruments & Supplies
DHR vs ABT vs TMO vs BDX — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||||
|---|---|---|---|---|
| Industry | Medical - Diagnostics & Research | Medical - Devices | Medical - Diagnostics & Research | Medical - Instruments & Supplies |
| Market Cap | $124.33B | $151.30B | $176.36B | $55.53B |
| Revenue (TTM) | $24.78B | $43.84B | $45.20B | $21.36B |
| Net Income (TTM) | $3.69B | $13.98B | $6.86B | $1.14B |
| Gross Margin | 60.7% | 54.0% | 39.4% | 46.5% |
| Operating Margin | 21.0% | 17.8% | 17.8% | 10.6% |
| Forward P/E | 20.8x | 15.9x | 19.1x | 12.3x |
| Total Debt | $18.42B | $15.28B | $40.85B | $19.18B |
| Cash & Equiv. | $4.62B | $7.62B | $9.86B | $851M |
DHR vs ABT vs TMO vs BDX — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Danaher Corporation (DHR) | 100 | 118.9 | +18.9% |
| Abbott Laboratories (ABT) | 100 | 91.7 | -8.3% |
| Thermo Fisher Scien… (TMO) | 100 | 135.9 | +35.9% |
| Becton, Dickinson a… (BDX) | 100 | 103.0 | +3.0% |
Price return only. Dividends and distributions are not included.
Quick Verdict: DHR vs ABT vs TMO vs BDX
Each card shows where this stock fits in a portfolio — not just who wins on paper.
DHR plays a supporting role in this comparison — it may shine differently against other peers.
ABT is the #2 pick in this set and the best alternative if income & stability and sleep-well-at-night is your priority.
- Dividend streak 11 yrs, beta 0.25, yield 2.5%
- Lower volatility, beta 0.25, Low D/E 31.9%, current ratio 1.67x
- PEG 0.53 vs DHR's 34.35
- Beta 0.25, yield 2.5%, current ratio 1.67x
TMO is the clearest fit if your priority is long-term compounding.
- 229.1% 10Y total return vs DHR's 219.3%
BDX carries the broadest edge in this set and is the clearest fit for growth exposure.
- Rev growth 8.2%, EPS growth -0.5%, 3Y rev CAGR 5.0%
- 8.2% revenue growth vs DHR's 2.9%
- Lower P/E (12.3x vs 19.1x), PEG 0.74 vs 9.05
- 2.7% yield, 1-year raise streak, vs ABT's 2.5%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 8.2% revenue growth vs DHR's 2.9% | |
| Value | Lower P/E (12.3x vs 19.1x), PEG 0.74 vs 9.05 | |
| Quality / Margins | 31.9% margin vs BDX's 5.3% | |
| Stability / Safety | Beta 0.25 vs TMO's 1.10, lower leverage | |
| Dividends | 2.7% yield, 1-year raise streak, vs ABT's 2.5% | |
| Momentum (1Y) | +51.8% vs ABT's -33.2% | |
| Efficiency (ROA) | 16.6% ROA vs BDX's 2.1%, ROIC 9.9% vs 4.3% |
DHR vs ABT vs TMO vs BDX — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
DHR vs ABT vs TMO vs BDX — Financial Metrics
Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
BDX leads in 2 of 6 categories
DHR leads 1 • ABT leads 1 • TMO leads 0 • 2 tied
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 — 2.1x BDX's $21.4B. ABT is the more profitable business, keeping 31.9% of every revenue dollar as net income compared to BDX's 5.3%. On growth, ABT holds the edge at +6.9% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||||
|---|---|---|---|---|
| RevenueTrailing 12 months | $24.8B | $43.8B | $45.2B | $21.4B |
| EBITDAEarnings before interest/tax | $7.2B | $10.9B | $10.5B | $4.2B |
| Net IncomeAfter-tax profit | $3.7B | $14.0B | $6.9B | $1.1B |
| Free Cash FlowCash after capex | $5.3B | $6.9B | $6.7B | $3.1B |
| Gross MarginGross profit ÷ Revenue | +60.7% | +54.0% | +39.4% | +46.5% |
| Operating MarginEBIT ÷ Revenue | +21.0% | +17.8% | +17.8% | +10.6% |
| Net MarginNet income ÷ Revenue | +14.9% | +31.9% | +15.2% | +5.3% |
| FCF MarginFCF ÷ Revenue | +21.4% | +15.8% | +14.9% | +14.7% |
| Rev. Growth (YoY)Latest quarter vs prior year | +3.7% | +6.9% | +6.2% | -10.6% |
| EPS Growth (YoY)Latest quarter vs prior year | +9.8% | 0.0% | +11.3% | -2.0% |
Valuation Metrics
BDX leads this category, winning 5 of 7 comparable metrics.
Valuation Metrics
At 11.4x trailing earnings, ABT trades at a 67% valuation discount to DHR's 34.9x P/E. Adjusting for growth (PEG ratio), ABT offers better value at 0.38x vs DHR's 34.35x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | ||||
|---|---|---|---|---|
| Market CapShares × price | $124.3B | $151.3B | $176.4B | $55.5B |
| Enterprise ValueMkt cap + debt − cash | $138.1B | $159.0B | $207.4B | $73.9B |
| Trailing P/EPrice ÷ TTM EPS | 34.85x | 11.39x | 26.75x | 26.29x |
| Forward P/EPrice ÷ next-FY EPS est. | 20.82x | 15.87x | 19.11x | 12.27x |
| PEG RatioP/E ÷ EPS growth rate | 34.35x | 0.38x | 12.67x | 1.59x |
| EV / EBITDAEnterprise value multiple | 18.21x | 15.83x | 19.04x | 14.65x |
| Price / SalesMarket cap ÷ Revenue | 5.06x | 3.61x | 3.96x | 2.54x |
| Price / BookPrice ÷ Book value/share | 2.38x | 3.18x | 3.34x | 1.73x |
| Price / FCFMarket cap ÷ FCF | 23.64x | 23.82x | 28.02x | 20.80x |
Profitability & Efficiency
ABT leads this category, winning 9 of 9 comparable metrics.
Profitability & Efficiency
ABT delivers a 27.3% return on equity — every $100 of shareholder capital generates $27 in annual profit, vs $5 for BDX. ABT carries lower financial leverage with a 0.32x debt-to-equity ratio, signaling a more conservative balance sheet compared to TMO's 0.76x. On the Piotroski fundamental quality scale (0–9), DHR scores 7/9 vs TMO's 6/9, reflecting strong financial health.
| Metric | ||||
|---|---|---|---|---|
| ROE (TTM)Return on equity | +7.1% | +27.3% | +13.2% | +4.5% |
| ROA (TTM)Return on assets | +4.5% | +16.6% | +6.4% | +2.1% |
| ROICReturn on invested capital | +5.9% | +9.9% | +7.5% | +4.3% |
| ROCEReturn on capital employed | +7.0% | +10.8% | +9.1% | +5.4% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 7 | 6 | 7 |
| Debt / EquityFinancial leverage | 0.35x | 0.32x | 0.76x | 0.76x |
| Net DebtTotal debt minus cash | $13.8B | $7.7B | $31.0B | $18.3B |
| Cash & Equiv.Liquid assets | $4.6B | $7.6B | $9.9B | $851M |
| Total DebtShort + long-term debt | $18.4B | $15.3B | $40.9B | $19.2B |
| Interest CoverageEBIT ÷ Interest expense | 18.13x | 19.22x | 5.89x | 4.09x |
Total Returns (Dividends Reinvested)
BDX leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in BDX five years ago would be worth $11,693 today (with dividends reinvested), compared to $7,893 for DHR. Over the past 12 months, BDX leads with a +51.8% total return vs ABT's -33.2%. The 3-year compound annual growth rate (CAGR) favors BDX at 1.6% vs DHR's -5.5% — a key indicator of consistent wealth creation.
| Metric | ||||
|---|---|---|---|---|
| YTD ReturnYear-to-date | -23.6% | -28.9% | -19.8% | +0.7% |
| 1-Year ReturnPast 12 months | -8.3% | -33.2% | +16.8% | +51.8% |
| 3-Year ReturnCumulative with dividends | -15.5% | -15.4% | -11.7% | +5.0% |
| 5-Year ReturnCumulative with dividends | -21.1% | -17.9% | +2.8% | +16.9% |
| 10-Year ReturnCumulative with dividends | +219.3% | +173.7% | +229.1% | +80.2% |
| CAGR (3Y)Annualised 3-year return | -5.5% | -5.4% | -4.0% | +1.6% |
Risk & Volatility
Evenly matched — ABT and BDX each lead in 1 of 2 comparable metrics.
Risk & Volatility
ABT is the less volatile stock with a 0.25 beta — it tends to amplify market swings less than TMO's 1.10 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. BDX currently trades 74.6% from its 52-week high vs ABT's 62.6% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||||
|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.94x | 0.25x | 1.10x | 0.66x |
| 52-Week HighHighest price in past year | $242.80 | $139.06 | $643.99 | $205.52 |
| 52-Week LowLowest price in past year | $172.06 | $86.15 | $385.46 | $100.31 |
| % of 52W HighCurrent price vs 52-week peak | +72.3% | +62.6% | +73.7% | +74.6% |
| RSI (14)Momentum oscillator 0–100 | 33.0 | 22.9 | 43.1 | 32.2 |
| Avg Volume (50D)Average daily shares traded | 4.2M | 10.5M | 1.9M | 2.5M |
Analyst Outlook
Evenly matched — ABT and BDX each lead in 1 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: DHR as "Buy", ABT as "Buy", TMO as "Buy", BDX as "Buy". Consensus price targets imply 47.9% upside for ABT (target: $129) vs 12.8% for BDX (target: $173). For income investors, BDX offers the higher dividend yield at 2.72% vs TMO's 0.36%.
| Metric | ||||
|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy | Buy | Buy |
| Price TargetConsensus 12-month target | $247.00 | $128.71 | $654.67 | $172.85 |
| # AnalystsCovering analysts | 42 | 41 | 42 | 33 |
| Dividend YieldAnnual dividend ÷ price | +0.7% | +2.5% | +0.4% | +2.7% |
| Dividend StreakConsecutive years of raises | 1 | 11 | 8 | 1 |
| Dividend / ShareAnnual DPS | $1.23 | $2.19 | $1.69 | $4.17 |
| Buyback YieldShare repurchases ÷ mkt cap | +2.5% | +0.9% | +1.7% | +1.8% |
BDX leads in 2 of 6 categories (Valuation Metrics, Total Returns). DHR leads in 1 (Income & Cash Flow). 2 tied.
DHR vs ABT vs TMO vs BDX: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is DHR or ABT or TMO or BDX a better buy right now?
For growth investors, Becton, Dickinson and Company (BDX) is the stronger pick with 8.
2% revenue growth year-over-year, versus 2. 9% for Danaher Corporation (DHR). Abbott Laboratories (ABT) offers the better valuation at 11. 4x trailing P/E (15. 9x forward), making it the more compelling value choice. Analysts rate Danaher Corporation (DHR) a "Buy" — based on 42 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 — DHR or ABT or TMO or BDX?
On trailing P/E, Abbott Laboratories (ABT) is the cheapest at 11.
4x versus Danaher Corporation at 34. 9x. On forward P/E, Becton, Dickinson and Company is actually cheaper at 12. 3x — 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: Abbott Laboratories wins at 0. 53x versus Danaher Corporation's 34. 35x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.
03Which is the better long-term investment — DHR or ABT or TMO or BDX?
Over the past 5 years, Becton, Dickinson and Company (BDX) delivered a total return of +16.
9%, compared to -21. 1% for Danaher Corporation (DHR). Over 10 years, the gap is even starker: TMO returned +229. 1% versus BDX's +80. 2%. 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 — DHR or ABT or TMO or BDX?
By beta (market sensitivity over 5 years), Abbott Laboratories (ABT) is the lower-risk stock at 0.
25β versus Thermo Fisher Scientific Inc. 's 1. 10β — meaning TMO is approximately 341% more volatile than ABT relative to the S&P 500. On balance sheet safety, Abbott Laboratories (ABT) carries a lower debt/equity ratio of 32% versus 76% for Thermo Fisher Scientific Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — DHR or ABT or TMO or BDX?
By revenue growth (latest reported year), Becton, Dickinson and Company (BDX) is pulling ahead at 8.
2% versus 2. 9% for Danaher Corporation (DHR). On earnings-per-share growth, the picture is similar: Abbott Laboratories grew EPS 133. 6% year-over-year, compared to -4. 7% for Danaher Corporation. Over a 3-year CAGR, BDX leads at 5. 0% 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 — DHR or ABT or TMO or BDX?
Abbott Laboratories (ABT) is the more profitable company, earning 31.
9% net margin versus 7. 7% for Becton, Dickinson and Company — meaning it keeps 31. 9% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: DHR leads at 20. 9% versus 11. 8% for BDX. 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 DHR or ABT or TMO or BDX 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, Abbott Laboratories (ABT) is the more undervalued stock at a PEG of 0. 53x versus Danaher Corporation's 34. 35x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, Becton, Dickinson and Company (BDX) trades at 12. 3x forward P/E versus 20. 8x for Danaher Corporation — 8. 5x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for ABT: 47. 9% to $128. 71.
08Which pays a better dividend — DHR or ABT or TMO or BDX?
All stocks in this comparison pay dividends.
Becton, Dickinson and Company (BDX) offers the highest yield at 2. 7%, versus 0. 4% for Thermo Fisher Scientific Inc. (TMO).
09Is DHR or ABT or TMO or BDX better for a retirement portfolio?
For long-horizon retirement investors, Abbott Laboratories (ABT) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
25), 2. 5% yield, +173. 7% 10Y return). Both have compounded well over 10 years (ABT: +173. 7%, TMO: +229. 1%), 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 DHR and ABT and TMO and BDX?
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: DHR is a mid-cap quality compounder stock; ABT is a mid-cap deep-value stock; TMO is a mid-cap quality compounder stock; BDX is a mid-cap quality compounder stock. DHR, ABT, BDX pay a dividend while TMO does 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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