Medical - Diagnostics & Research
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RVTY vs BIO vs TMO vs WAT
Revenue, margins, valuation, and 5-year total return — side by side.
Medical - Devices
Medical - Diagnostics & Research
Medical - Diagnostics & Research
RVTY vs BIO vs TMO vs WAT — 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 |
| Market Cap | $11.05B | $6.95B | $176.36B | $22.83B |
| Revenue (TTM) | $2.90B | $2.59B | $45.20B | $3.77B |
| Net Income (TTM) | $241M | $169M | $6.86B | $449M |
| Gross Margin | 51.4% | 51.9% | 39.4% | 55.0% |
| Operating Margin | 12.4% | 9.2% | 17.8% | 17.1% |
| Forward P/E | 18.3x | 25.0x | 19.1x | 24.4x |
| Total Debt | $3.52B | $1.53B | $40.85B | $1.41B |
| Cash & Equiv. | $920M | $532M | $9.86B | $588M |
RVTY vs BIO vs TMO vs WAT — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Revvity, Inc. (RVTY) | 100 | 98.4 | -1.6% |
| Bio-Rad Laboratorie… (BIO) | 100 | 52.4 | -47.6% |
| Thermo Fisher Scien… (TMO) | 100 | 135.9 | +35.9% |
| Waters Corporation (WAT) | 100 | 175.3 | +75.3% |
Price return only. Dividends and distributions are not included.
Quick Verdict: RVTY vs BIO vs TMO vs WAT
Each card shows where this stock fits in a portfolio — not just who wins on paper.
RVTY is the #2 pick in this set and the best alternative if value is your priority.
- Lower P/E (18.3x vs 19.1x)
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
- Beta 0.92 vs RVTY's 1.57, lower leverage
TMO carries the broadest edge in this set and is the clearest fit for income & stability and long-term compounding.
- Dividend streak 8 yrs, beta 1.10, yield 0.4%
- 229.1% 10Y total return vs WAT's 162.0%
- Beta 1.10, yield 0.4%, current ratio 1.89x
- 15.2% margin vs BIO's 6.5%
WAT is the clearest fit if your priority is growth exposure and valuation efficiency.
- Rev growth 7.0%, EPS growth 0.5%, 3Y rev CAGR 2.1%
- PEG 4.70 vs TMO's 9.05
- 7.0% revenue growth vs BIO's 0.7%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 7.0% revenue growth vs BIO's 0.7% | |
| Value | Lower P/E (18.3x vs 19.1x) | |
| Quality / Margins | 15.2% margin vs BIO's 6.5% | |
| Stability / Safety | Beta 0.92 vs RVTY's 1.57, lower leverage | |
| Dividends | 0.4% yield, 8-year raise streak, vs RVTY's 0.3%, (2 stocks pay no dividend) | |
| Momentum (1Y) | +16.8% vs WAT's +1.4% | |
| Efficiency (ROA) | 6.4% ROA vs RVTY's 2.0%, ROIC 7.5% vs 2.7% |
RVTY vs BIO vs TMO vs WAT — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
RVTY vs BIO vs TMO vs WAT — Financial Metrics
Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
TMO leads in 2 of 6 categories
WAT leads 2 • BIO leads 1 • RVTY leads 0 • 1 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
TMO 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. TMO is the more profitable business, keeping 15.2% of every revenue dollar as net income compared to BIO's 6.5%. On growth, WAT holds the edge at +91.5% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||||
|---|---|---|---|---|
| RevenueTrailing 12 months | $2.9B | $2.6B | $45.2B | $3.8B |
| EBITDAEarnings before interest/tax | $773M | -$315M | $10.5B | $953M |
| Net IncomeAfter-tax profit | $241M | $169M | $6.9B | $449M |
| Free Cash FlowCash after capex | $505M | $357M | $6.7B | $264M |
| Gross MarginGross profit ÷ Revenue | +51.4% | +51.9% | +39.4% | +55.0% |
| Operating MarginEBIT ÷ Revenue | +12.4% | +9.2% | +17.8% | +17.1% |
| Net MarginNet income ÷ Revenue | +8.3% | +6.5% | +15.2% | +11.9% |
| FCF MarginFCF ÷ Revenue | +17.4% | +13.8% | +14.9% | +7.0% |
| Rev. Growth (YoY)Latest quarter vs prior year | +7.0% | +1.1% | +6.2% | +91.5% |
| EPS Growth (YoY)Latest quarter vs prior year | +4.5% | -9.5% | +11.3% | -142.9% |
Valuation Metrics
BIO leads this category, winning 5 of 7 comparable metrics.
Valuation Metrics
At 9.2x trailing earnings, BIO trades at a 81% valuation discount to RVTY's 47.5x P/E. Adjusting for growth (PEG ratio), WAT offers better value at 6.29x vs TMO's 12.67x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | ||||
|---|---|---|---|---|
| Market CapShares × price | $11.1B | $6.9B | $176.4B | $22.8B |
| Enterprise ValueMkt cap + debt − cash | $13.6B | $7.9B | $207.4B | $23.7B |
| Trailing P/EPrice ÷ TTM EPS | 47.52x | 9.23x | 26.75x | 32.55x |
| Forward P/EPrice ÷ next-FY EPS est. | 18.33x | 25.00x | 19.11x | 24.36x |
| PEG RatioP/E ÷ EPS growth rate | — | — | 12.67x | 6.29x |
| EV / EBITDAEnterprise value multiple | 20.71x | 16.70x | 19.04x | 21.51x |
| Price / SalesMarket cap ÷ Revenue | 3.87x | 2.69x | 3.96x | 7.21x |
| Price / BookPrice ÷ Book value/share | 1.54x | 0.94x | 3.34x | 8.17x |
| Price / FCFMarket cap ÷ FCF | 21.74x | 18.55x | 28.02x | 42.30x |
Profitability & Efficiency
WAT leads this category, winning 5 of 9 comparable metrics.
Profitability & Efficiency
TMO delivers a 13.2% return on equity — every $100 of shareholder capital generates $13 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 TMO's 0.76x. On the Piotroski fundamental quality scale (0–9), RVTY scores 6/9 vs WAT's 4/9, reflecting solid financial health.
| Metric | ||||
|---|---|---|---|---|
| ROE (TTM)Return on equity | +3.3% | +2.4% | +13.2% | +8.0% |
| ROA (TTM)Return on assets | +2.0% | +2.2% | +6.4% | +4.6% |
| ROICReturn on invested capital | +2.7% | +2.6% | +7.5% | +20.3% |
| ROCEReturn on capital employed | +3.2% | +2.9% | +9.1% | +18.5% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 5 | 6 | 4 |
| Debt / EquityFinancial leverage | 0.48x | 0.21x | 0.76x | 0.55x |
| Net DebtTotal debt minus cash | $2.6B | $999M | $31.0B | $820M |
| Cash & Equiv.Liquid assets | $920M | $532M | $9.9B | $588M |
| Total DebtShort + long-term debt | $3.5B | $1.5B | $40.9B | $1.4B |
| Interest CoverageEBIT ÷ Interest expense | 3.84x | -2.49x | 5.89x | 6.72x |
Total Returns (Dividends Reinvested)
WAT leads this category, winning 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in WAT five years ago would be worth $11,133 today (with dividends reinvested), compared to $4,232 for BIO. Over the past 12 months, TMO leads with a +16.8% total return vs WAT's +1.4%. The 3-year compound annual growth rate (CAGR) favors WAT at 5.7% vs BIO's -12.1% — a key indicator of consistent wealth creation.
| Metric | ||||
|---|---|---|---|---|
| YTD ReturnYear-to-date | +0.9% | -15.7% | -19.8% | -8.3% |
| 1-Year ReturnPast 12 months | +8.2% | +10.7% | +16.8% | +1.4% |
| 3-Year ReturnCumulative with dividends | -22.1% | -32.0% | -11.7% | +18.1% |
| 5-Year ReturnCumulative with dividends | -28.9% | -57.7% | +2.8% | +11.3% |
| 10-Year ReturnCumulative with dividends | +88.4% | +81.4% | +229.1% | +162.0% |
| CAGR (3Y)Annualised 3-year return | -8.0% | -12.1% | -4.0% | +5.7% |
Risk & Volatility
Evenly matched — BIO and WAT each lead in 1 of 2 comparable metrics.
Risk & Volatility
BIO is the less volatile stock with a 0.92 beta — it tends to amplify market swings less than RVTY's 1.57 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. WAT currently trades 84.6% from its 52-week high vs TMO's 73.7% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||||
|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.57x | 0.92x | 1.10x | 1.07x |
| 52-Week HighHighest price in past year | $118.30 | $343.12 | $643.99 | $414.15 |
| 52-Week LowLowest price in past year | $81.22 | $211.43 | $385.46 | $275.05 |
| % of 52W HighCurrent price vs 52-week peak | +83.6% | +75.0% | +73.7% | +84.6% |
| RSI (14)Momentum oscillator 0–100 | 65.3 | 37.0 | 43.1 | 64.9 |
| Avg Volume (50D)Average daily shares traded | 1.1M | 306K | 1.9M | 999K |
Analyst Outlook
TMO leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: RVTY as "Buy", BIO as "Buy", TMO as "Buy", WAT as "Hold". Consensus price targets imply 38.0% upside for TMO (target: $655) vs 13.2% for RVTY (target: $112). For income investors, TMO offers the higher dividend yield at 0.36% vs RVTY's 0.29%.
| Metric | ||||
|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy | Buy | Hold |
| Price TargetConsensus 12-month target | $111.86 | $312.50 | $654.67 | $402.57 |
| # AnalystsCovering analysts | 29 | 14 | 42 | 34 |
| Dividend YieldAnnual dividend ÷ price | +0.3% | — | +0.4% | — |
| Dividend StreakConsecutive years of raises | 4 | — | 8 | 1 |
| Dividend / ShareAnnual DPS | $0.29 | — | $1.69 | — |
| Buyback YieldShare repurchases ÷ mkt cap | +7.4% | +4.3% | +1.7% | +0.1% |
TMO leads in 2 of 6 categories (Income & Cash Flow, Analyst Outlook). WAT leads in 2 (Profitability & Efficiency, Total Returns). 1 tied.
RVTY vs BIO vs TMO vs WAT: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is RVTY or BIO or TMO or WAT a better buy right now?
For growth investors, Waters Corporation (WAT) is the stronger pick with 7.
0% 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 (25. 0x forward), making it the more compelling value choice. Analysts rate Revvity, Inc. (RVTY) a "Buy" — based on 29 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 — RVTY or BIO or TMO or WAT?
On trailing P/E, Bio-Rad Laboratories, Inc.
(BIO) is the cheapest at 9. 2x versus Revvity, Inc. at 47. 5x. On forward P/E, Revvity, Inc. is actually cheaper at 18. 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: Waters Corporation wins at 4. 70x versus Thermo Fisher Scientific Inc. 's 9. 05x.
03Which is the better long-term investment — RVTY or BIO or TMO or WAT?
Over the past 5 years, Waters Corporation (WAT) delivered a total return of +11.
3%, compared to -57. 7% for Bio-Rad Laboratories, Inc. (BIO). Over 10 years, the gap is even starker: TMO returned +229. 1% versus BIO's +81. 4%. 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 — RVTY or BIO or TMO or WAT?
By beta (market sensitivity over 5 years), Bio-Rad Laboratories, Inc.
(BIO) is the lower-risk stock at 0. 92β versus Revvity, Inc. 's 1. 57β — meaning RVTY is approximately 70% more volatile than BIO relative to the S&P 500. On balance sheet safety, Bio-Rad Laboratories, Inc. (BIO) carries a lower debt/equity ratio of 21% versus 76% for Thermo Fisher Scientific Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — RVTY or BIO or TMO or WAT?
By revenue growth (latest reported year), Waters Corporation (WAT) is pulling ahead at 7.
0% 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 -13. 7% for Revvity, Inc.. Over a 3-year CAGR, WAT leads at 2. 1% 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 — RVTY or BIO or TMO or WAT?
Bio-Rad Laboratories, Inc.
(BIO) is the more profitable company, earning 29. 4% net margin versus 8. 5% for Revvity, Inc. — meaning it keeps 29. 4% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: WAT leads at 28. 2% versus 10. 5% for BIO. At the gross margin level — before operating expenses — WAT leads at 57. 8%, 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 RVTY or BIO or TMO or WAT 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, Waters Corporation (WAT) is the more undervalued stock at a PEG of 4. 70x versus Thermo Fisher Scientific Inc. 's 9. 05x. Both stocks trade at elevated growth-adjusted valuations, so expected growth needs to materialise. On forward earnings alone, Revvity, Inc. (RVTY) trades at 18. 3x forward P/E versus 25. 0x for Bio-Rad Laboratories, Inc. — 6. 7x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for TMO: 38. 0% to $654. 67.
08Which pays a better dividend — RVTY or BIO or TMO or WAT?
In this comparison, TMO (0.
4% yield), RVTY (0. 3% yield) pay a dividend. BIO, WAT do not pay a meaningful dividend and should not be held primarily for income.
09Is RVTY or BIO or TMO or WAT better for a retirement portfolio?
For long-horizon retirement investors, Bio-Rad Laboratories, Inc.
(BIO) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 92)). Revvity, Inc. (RVTY) carries a higher beta of 1. 57 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (BIO: +81. 4%, RVTY: +88. 4%), 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 RVTY and BIO and TMO and WAT?
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: RVTY is a mid-cap quality compounder stock; BIO is a small-cap deep-value stock; TMO is a mid-cap quality compounder stock; WAT is a mid-cap quality compounder stock. 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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